Part exchange with Barratt Homes

RelievedSheff · 11 March 2024 at 1:59PM

Homebuyerint19940561 said:

RelievedSheff said:

We part exchanged our last house against our current one which was a new build with David Wilson Homes who are part of the Barratt group.

We got 90% of the market value for our old house but that was only part of the story. We also received a £10k deposit contribution, stamp duty paid, legal fees paid, moving costs contribution and free flooring throughout.

Don't just look at the value you get for your property look at the deal as a whole.

Can I ask how you negotiated this, we are looking to ask for those items on the plot we would like but unsure how to ask for those offers?

We didn't do much haggling at all. The sales guy did it all for us.

We played it on that the part exchange deal they had given us left us tight for money in the deal which is when they added the legal fees and moving costs contribution.

leeleec78 · 12 March at 9:04PM

We've recently entered into a part x with them. They sent a RICS surveyor and their own purchasing manager to assess our house and offered a very fair price that wasn't far off full market value. They've put our house on the market for less than they've offered us. The house we are buying has 105% part ex offer on it which might be why we got a good part x deal. They definitely seem more interested in using part x as a vehicle to sell us the new build rather than making a profit out of the purchase of our house.