Move Faster
Part Exchange and move fast - half of the stress of buying a home can be selling your previous one and there are plenty of horror stories concerning broken chains and broken promises. With Part Exchange the developer could be able to buy your current home from you and get you moving quickly and easily.
For those people who are having difficulty selling their existing home, almost all house builders offer a part-exchange or chain break scheme. Ordinarily, the schemes operate whereby the house you own is valued (usually by three independent estate agents) and if you are agreeable to the price offered, the developer buys it from you, which enables you to move into your brand new home immediately.
Breaking the chain
Those who find themselves ineligible for a part-exchange scheme - perhaps because the price difference between their old home and the new one they have their eye on is not great enough - will find many developers offer 'chain break', or similarly named, schemes. In such a scenario, the developer may offer to buy a cheaper priced property lower down the chain, which will enable the 'links' to be joined, and you to move into the new home of your choice.
Either option is a particularly attractive one, especially now when the property market is slow and there are less people in the marketplace looking to buy, and the waiting times for selling a property are on the increase. Additionally, there will be no estate agent's fees to pay because you won't be selling your property but part-exchanging it for a new one. Whether you are looking to part-exchange your current home, or buy a property outright, you'll find that buying a new house is the smartest move you ever made.
Some developers also offer Assisted Move schemes which could sell your home for you, taking all the hassle out of getting rid of your old place.
Developers will often offer a range of other incentives to help you move faster for less, especially in the slower market conditions we are urrently experiencing! These can include paying your stamp duty or legal fees, shared equity and guaranteed value amongst many others.
Help for first time buyers
Getting a foot on the property ladder is becoming increasingly hard for first time buyers; the average buyer needs around £15,000 of savings just to get started. But many developers can offer a range of incentives to help you with your buying costs and get you moving fast. You won't get that sort of help in the second-hand market. Buying new means you spend more on your dream home, less on fees and legal costs.
Go to www.countryside-properties.com/buying-guide for more details.