Do you want to provide Part Exchange for your customers without the capital exposure?
We Can Help…
All the benefits of Part Exchange without the financial risk
Part Exchange programmes provide your customer with a guaranteed buyer for their home, removing a barrier to sale – having to sell on the open market with all the time and hassle that that entails – putting them in a strong position to reserve with you today.
A great opportunity for you and for your customer!
Commonly, in a Part Exchange deal, the buyer of your customer’s home is you, the housebuilder. This involves capital outlay for the housebuilder, a model that might not suit all housebuilders.
There is an alternative …
There is no doubt that Part Exchange is great for your customers and great for you.
It provides your customer with an easy way of selling their home, without the hassle of the open market, so they can easily and quickly reserve with you. No more waiting to tie up the deal, waiting for their home to sell.
Can you benefit from PX without the capital investment?
Yes. We can offer a PX method which demands no capital investment from you.
By partnering with home buying companies, companies who have capital to spend on property, we are able to provide the benefits of Part Exchange to housebuilders and their customers with none of the capital risk.
The importance of a strong valuation
As is common with our Assisted Move and Part Exchange programmes we start by establishing the value of your customer’s home. A good solid, well researched, well evidenced valuation, avoiding over or under valuation helping us to:
- Set expectations from the get-go for all parties
- Ensure that any valuation is well balanced and well evidenced
- Speed up the process
Our comprehensive Property Valuation Appraisals are based on the findings of up to three local estate agents, online comparisons of similar properties in the area and a study of Land Registry Data. We take into consideration the pros and cons of the area, the condition of the property, the location and anything that may affect the desirability of the house in question.
Once researched the findings and researched information is collated into a comprehensive and easy to read Property Valuation Appraisal report. This balanced, unbiased or inflated valuation value is used as the basis for a Part Exchange Proposal and, once the figures are agreed, the sale of the new property can proceed.
To see a sample of a typical Property Valuation Appraisal, Click Here.
Please note that the offer to your customer is normally a figure of up to 90% of the property’s value.
Part Exchange Funded – How It Works
Step 1: Application
Complete our simple application form with your qualified customer and send to your dedicated team at Moving Made Easy.
Step 2: Valuation
We organise up to 3 local estate agents to value your client’s property, compiling a comprehensive report, with recommendations for a competitive marketing price. We will then present the valuation report to a select panel of third party funded companies for them to decide on an offer for the PX property.
Step 3: Offer made
Once the panel of third-party funded companies have viewed our valuation report, they will then make an offer which is typically 90% of the property’s value.
Step 4: Offer accepted
A new sale is reserved, passing ownership of your customers existing home onto a third party funded company. Your customer can then move into their new build home which has been reserved with you.
The Benefits to the House Builder
- Enabling you to make a quick, cash offer to your customers without capital risk. capital is provided by a third-party company who normally offer up to 90% of the value of the property.
- Providing you with a secure buyer.
- Operate a Part Exchange programme without capital investment.
- Enjoy the benefits of a Part Exchange programme; quick transaction timescales, help your customer quickly into a position to reserve with you, help your customer avoid the hassle of selling on the open market and no sales chains.
Benefits to your customer
- Quick sale time – all Part Exchange programmes provide a method of selling that is independent of the process of selling on the open market.
- Your customers will be spared the hassles and stresses associated with selling their house on the open market.
- A guaranteed, easy-to-arrange, buyer for your customer.
- There are no estate agency fees.
- They do not need to be a part of a sales chain.
Frequently Asked Questions
In our traditional Part Exchange incentive scheme the housebuilder purchases their customer’s home directly. They then sell this home on once the property becomes unoccupied.
This requires that the Housebuilder be in a strong capital position. PX funded enables the housebuilder to offer the benefits of a PX programme without being the direct purchaser of the property.
We work with third-party home buying companies who provide cash offers on typically 90% of a home’s market value. meaning the housebuilder has no tied up capital in a property they may not want. There is no financial risk for the housebuilder
Whilst we know our property valuation reports are accurate (to within 99 to 102% of final selling prices*) we cannot guarantee that every third-party cash buyer will agree with our valuations. We therefore approach several third parties to negotiate the best deal possible. Sometime this will result in an offer amount less than 90% of the assessed value of the property, according to our Property Valuation Appraisal.
*We continually track valuation figures against sold process to monitor our accuracy and performance.
Since the property is purchased by a company against a set of property details the property does not need to be marketed on the open market and is therefore not subject to the timeframes associated. Speeding up the process.
We work with several Part Exchange providers and always try to get the best deal for your customer, comparing purchase offers for the property and then negotiating the best deal for you and your customer.
If you have any other questions, then feel free to get in touch on our web chat.
We can also drive sales progression on your behalf
Freeing up your sales teams to do what they do best
We understand that your sales teams are often busy with your customers, introducing them to your products and focusing on reserving plots. Managing the progression of your customers house sale is time consuming. We can help save time and help preserve the focus of your sales teams.
We work with Housebuilders and House buyers up and down the UK, of all sizes:
- Driving sales progression forward on their behalf.
- Keeping in close contact with all parties.
- Providing reassurance and delivering completions helping sales teams to do what they do best, talk to prospective customers.
We focus on driving sales progression forward with teams of friendly experts who will:
- Keep in regular contact with you to provide all the reassurance and updates you and your team require.
- Work with all parties to drive the process forward on your behalf.
- Progress all links of the chain.
- Provide regular, accurate and relevant updates.
If you need a friendly and tenacious sales progression team, then we can help.
What type of house builders do we work with?
We work with house builders of all sizes across the UK.
From small local developers with single sites to large national brands operating sites across multiple regions.
There are no minimum application levels.
Get in touch to find out more
Here to help you make the most out of the current market and sustain your plot sales now and in the future. Get in touch to find out more.
We’ll talk you through the options and opportunities to commit your prospective buyers to your new build plots.