We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Making an offer on house that’s been part exchanged
Options
Tobias21
Posts: 5 Forumite
I am looking at making an offer on a house that has been sold as part of a part exchange. The owners have moved out now and so the developers own the house. Are they likely to accept lower? Also, does this make purchasing a property more complex? Thanks for any help
0
Comments
-
doubt it priced to sell normallyDon'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.0
-
Lower than what? If it's being marketed it's probably for sale for more than they paid. Some developers do pass on any profit, but they'd obviously want to get back the part ex value at least. Offer what you think they'll accept. Less likely to annoy a company with a lowball offer than an individual owner.
Can't see any reason it would be more complicated.0 -
The price is the same as for any other seller who wants to get rid of it reasonably quickly (but not desperately).
The transaction should be straightforward.0 -
Yes, make that offer, they most likely just want rid and friends of ours secured a property £40k less than advertised in almost exact same circumstances, owners had moved out having part-ex, friend was no chain which was an advantage to builders and he had moved in 8 weeks later. Good luck.0
-
I bought a PX home, i managed to get a reduction for a few things but wish i went lower. They usually buy the property much under market value due to the incentives they can offer on the new property. Go as low as you think is acceptable according to the comparable market.
They will however continue to market and view until you have locked in your offer/confirmed the sale of your own place.
Make sure to view on the lead up to exchange after the previous owners move out, they didn't care about removing things from walls etc. The developer didn't care much after exchange.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards