Below we have answered some of the most frequently asked questions regarding the Part Exchange process.
Will you look at properties anywhere in the country?
We can consider properties anywhere in England and Wales
What types of property will you consider?
We can consider most types of residential properties so long as they are mortgageable, saleable and have a broad appeal. Please contact us for our current criteria.
How much do you pay for properties?
Every case is individual and we pay the best price possible based upon the nature, demand and saleability of each property.
What does it cost to use your Part Exchange Scheme?
It doesn’t cost you anything to use our scheme. We don’t charge any fees to make an offer or take a property in part exchange.
Can I still offer Part Exchange if the new home is not ready yet?
Yes, however we need to complete the purchase within a certain timescale. Please contact us to discuss the details of your specific development.
Do I need to provide you with a minimum number of properties to use your scheme?
No, you are free to use our scheme as and when you need to.
Do you offer a Chain Breaking service as well as Part Exchange
Yes we do. Sometimes if an agreement cannot be reached on your buyer’s property we can consider buying-in a property further down the chain.
Do you consider properties of any value?
Maximum value restrictions vary with market conditions. There is no minimum value restriction. Please contact us to discuss our current criteria.
How quickly can you buy properties?
Timescales usually coincide with completion of the new home or the date you agree with your buyer, however we can complete a purchase within 48 hours if required.
Does the property I'm selling have to be worth more than my buyer’s home?
No. we can consider properties of a higher, lower or similar value to the one they are buying.
Does my buyer still have to pay Estate Agents fees if they Part Exchange?
No. We pay the estate agents fees when they sell the property on for us. If the property is already on the market the owner may be liable to pay their existing agent a fee. If they are in doubt they should refer to their agency agreement for details.
Do you need an Energy Performance Certificate?
No. If the home is not on the market, we do not require the seller to provide an EPC.
What do you do with the properties you buy-in?
We remarket the part exchange property from the point that confirmed offer has been accepted by your purchaser.
Do I have to sign any agreements to use your Part Exchange scheme?
No. There are no agreements or contracts to sign and no tie-ins to use our services. You can use us as little, or as often as required.
It sounds too good to be true, what’s the catch?
There really isn’t any catch. Contact us today to start offering part exchange immediately.
7 Steps To Exchange
Offering Part Exchange to your buyers through The PX Partnership couldn't be easier.