unlist home before asking for part exchange valuation?

Inverkev

All,

I've had my home up for sale for almost a year. It's in a poor market and currently at 85% of its valuation. I have therefore thought about part exchange but I am worried I will only receive 85% of its current listed price, i.e. 72% of its original valuation.

Would you advise removing the listing before starting the part exchange process? Or will housing companies have some way of seeing the previous listed price anyway?

Thanks

davidmcn

I doubt they'll consider the current asking price as relevant to their valuation.

sal_III

if it's not selling at 85% of a number that you think is the true value, this is still above market value.

The company that will do the part-ex likely have a realistic idea of it's current market value, without the need to look at your listing. Whether that will end up being 72% or 85% of the number you have in your head is anybody's guess. But I wouldn't hold my breath, these companies are not in the business of overpaying for properties.

If anything I would be looking to de-list and relist in a couple of months regardless if I failed to sell for 1y+