hello everyone,
Has anyone on here ever part exchanged their house with a building company to upgrade to a new build?
Myself and my wife are really considering this option as we really cant be doing with the stress of selling our house and dealing with time wasters and worst of all estate agents.
From what I can make of it there are pro's and cons for part exchanging and selling private first.
Benefits seem to be selling with no fuss,
securing the property that you WANT and not stressing it could be sold whilst trying to sell yours private,
Gives you time to prep for move, could get keys a few weeks early to start moving furniture etc,
No-one to pull out of the chain leaving you in limbo.
Not having to deal with and chase estate agents.
Quick move, could be as quick as a month.
Disadvantages:
Not getting full market value for your house (anything upto 10% less than market value),
No real scope for manouver on the price of the house they are selling to you.
Other than those 2 I cant really think of anymore disadvangages to part exchanging your house. and with the first one about not receiving full market value for your house, there will be no estate agent fees involved so its not as bad as it sounds.
Was just wondering if anyone on here has done it or got anymore advise about it?
Cheers all.