Bellway part-ex, unsure.

Thrugelmir

How far has construction progressed?

AdrianC

BuxtonB wrote: »

The part-ex manager came to our house and explained that they get 2 estate agents to do valuations, they don't look to make a profit on the property and will give a fair offer.

Two tame EAs who will adjust the valuation to the circumstances. They might not look to make a profit, but they certainly won't be making a loss - once all the expenses incurred are covered. And, yes, fair - but to whom?

We have had the property independently valued and the valuer told us exactly how bellway's part-ex program goes, they value for a 6 week, 8 week and normal selling price then make an offer based on those valuations.

He gave us what he would tell bellway in those circumstances, varying between 170k - 177k on the 6, 8 and normal selling price.

Bellway have come back and offered us 150k for the property and said they're unwilling to alter this price, nor include things like stamp duty, or deposit contribution etc.

So there y'go. You can PX it for £150k, or you can market it at £170k and expect a sale within 6wks. Presumably, marketing it at £160-165k would be an even quicker sale...