Part Exchange

Whether you're moving up the property ladder or choosing to downsize, a successful move will always be dependent on a timely and efficient sale. However, selling property isn't always easy. You may find that your property doesn't get much interest from genuine buyers, or that the market is sluggish and offers are few and far between. In such scenarios part-exchange is often an option worth considering.

Part-exchange could remove the need to find a buyer and also eradicates any form of property chain, whilst speeding up the transaction process. It provides the possible option of purchasing an occupied, previously owned, or new build property, and ensures your sale is hassle free.

Countrywide estate agents are experts in managing the part-exchange process and provide many benefits to those wishing to exchange their current property for a new one.

Individuals opting to part-exchange, often find that they complete their move much more quickly and easily than if they had chosen to sell their property on the open market.

Essentially part-exchange provides a short chain and a strong sale, and can sometimes cut down on estate agency fees. In return, those choosing to part-exchange their current property for a brand new home generally receive 90-95% of the exchanged property's market value.

Any individual who owns their home is eligible to consider part exchange as an option. The most common form of part-exchange is a new-build purchase. In the vast majority of cases the property you wish to exchange must be in a good state of repair with no structural problems, and generally, its value should be no more than 70% of the value of the property it is being exchanged for.

Countrywide can assist with many of the services you may need to complete your part-exchange sale. Conveyancing, homeowner insurance and mortgage advice, are just some of the professional services we provide.

If you are interested in part-exchanging your current property, contact your nearest Countrywide estate agent for further information.

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