Esteem Homes

01229 813036

esteem homes logo

THANK YOU

The team will be in touch as soon as we can.

Please make sure to whitelist our email ([email protected]) to ensure you don't miss any messages from us.

FAQs

  • Part Exchange is a process where you trade in your current home as part payment toward your new property, eliminating the need to find a buyer on the open market.

  • Eligibility often depends on factors like your home’s value, condition, and location.

    Most providers will assess your property and let you know if it qualifies.

  • A professional valuation will be conducted by surveyors to ensure a fair and accurate offer.

  • While Part Exchange offers may sometimes be slightly below full market value, the convenience, speed, and savings on fees often outweigh the difference.

  • No. Part Exchange bypasses the need for traditional estate agent listings and their associated fees.

  • Usually, the valuation is fixed at the time of the offer.

    If markets change, your agreed offer won’t fluctuate, providing you with certainty.

  • Moves can often happen much faster because you’re not waiting for a chain of buyers.

    You can usually set a mutually agreed timeline with the developer.

  • Once you agree to the Part Exchange terms, you typically won’t need to consider other offers since your sale is guaranteed.

  • You’re not obligated to proceed.

    If you don’t find a suitable property, you can simply walk away and explore other options.

  • Yes, but you’ll need to ensure the Part Exchange offer covers your outstanding mortgage amount or have a plan to clear any shortfall.

  • A survey is often part of the valuation process.

    The Part Exchange provider will handle the necessary checks to determine your home’s condition and value.

  • Usually, houses or flats within a certain price range are considered.

    Requirements vary, so it’s best to check our Part Exchange homes page.

  • Yes. Properties in desirable areas tend to be more suitable for Part Exchange, but this can vary by provider and local market conditions.

  • Some providers may allow negotiation, but typically the offer is based on professional valuations and market data, leaving little room for haggling.

  • Timelines vary, but one of the perks of Part Exchange is flexibility. You can often arrange a completion date that suits both parties.

  • Most agreements allow you to back out before contracts are signed, but check the terms. Once contracts are exchanged, you’re typically committed.

  • Yes. Having a solicitor or conveyancer ensures the legal aspects of buying and selling are handled correctly and smoothly.

  • With Part Exchange, the developer or provider essentially becomes your buyer, removing uncertainty, reducing stress, and speeding up your move.

  • Yes. One of the main benefits of Part Exchange is the ability to move faster, since you’re not waiting for someone else to purchase your current home.