Part Exchange New Build Price

brj1294

Hello,

We are thinking of buying a new build and considering part exchanging my current house. However, I’m aware that companies often try to devalue your house in this process. My current house is worth £140,000-145,000. The new build we’d look to purchase is £260,000. Around a 54% difference. Even with this high difference, do you think it’s likely they will still try to undervalue it? Just looking for people’s experiences with this. 

Thank you. 

RelievedSheff

We got 90% of the open market price when we part exchanged against a new build. (£90k for a £100k house)

But then we got a £10k deposit contribution, stamp duty paid, legal fees paid, £500 moving costs contribution and free flooring throughout. Which more than made up the difference. 

It isn't the headline part exchange price you get that matters. It is how the deal stacks up as a whole.

chanz4

your house with most of them also needs to be 30% less than the price of the one your buying we were told by a few builders

user1977

Anecdotally I think they generally offer a fair price (or as above, fair if you take into account any additional incentives still being thrown in). Their profit is on the price for the new house.