PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

Taylor Wimpey part exchange

player1_2
player1_2 Posts: 91 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 7 January 2024 at 7:17PM in House buying, renting & selling
Can anyone offer their experience of part exchanging their existing property when buying a TW new build. I am currently considering this and ( to my surprise) have read many positive stories on this and other sites. 
PX is attractive to me since I am willing to lose a little market value to avoid the stress of selling. Moving out of one house straight into another with no uncertainty over selling,  and moving in dates, appeals to me. 

TIA

Comments

  • At the moment house builders will likely give you what your house is worth, knock off some money and throw in extras.

    Do you know what dela would make you happy and ask for more.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    they low balled us with px, also if does nto sell fast they ask you to lower price
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • TheJP
    TheJP Posts: 1,940 Forumite
    1,000 Posts Third Anniversary Name Dropper
    chanz4 said:
    they low balled us with px, also if does nto sell fast they ask you to lower price
    Not usually how a PX works, you agree a price for your house, the house you are buying off them and they then complete on your house once exchange is completed. I bought a PX house and was interested in the sellers process, he said they exchanged contracts early in the process and the selling was up to the developer. They took a hit on market price but recoup most of it in fees, expenses and the additional extras added on.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 619.9K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.