By Doing This, The Housebuilder Will Buy Your Home From You.

What is part exchange when selling your house and how does it work? A private builder will buy your home. Property part exchange means selling your home quickly to a person or a building company and in exchange, get the chance to move to a new property by paying the difference in price.

In A Part Exchange, Instead Of One Party To The Contract Paying Money And The Other Party Supplying Goods/Services, Both Parties.

Part exchange process explained what is part exchange when selling your house and. Part exchange property is a type of property that can be exchanged for another property. For either party, part exchange property transactions are also fairly quick.

Ultimately Your Property Serves As Part Payment For A New Build House.

If your existing house is valued at £210,000 and you want to part exchange it. What does part exchange mean? Essentially the property developer discounts the price.

The First Step In The Process Is To Find A Seller Who Wants To Sell You Their Property.

On a house that costs £256,000 (the current uk average house price), that’s a fee of between £2,560 and £7,680. If your current home is no more than 70% of the value of the new. The other way to look at it is this.

Due To This Type Of Scenario Being An Exchange Rather Than A Standard Purchase Or Sale, The Process Of Getting.

A part exchange home scheme is where you trade the value of your property against the value of a brand new property. A part exchange homes scheme is where you trade the value of your current house against a new build property. Read our useful guide to learn more!