PART EXCHANGE

Many of the developers which Rettie & Co. work alongside are currently offering fantastic ranges of incentives, one of which is part exchange. Part exchange is a simple concept that alleviates the pressure from a property chain.

How does it work?

Part exchange allows a quick sale of your property, and avoids any breaks in the property chain. When applying for part exchange you will be offered between about 80 per cent of the market value of your current home. In order to eligible you must be a homeowner who is looking to move up the housing ladder.                                                                             

When you have found the property you want to buy, two independent surveyors will be appointed to carry out a valuation. Based on their estimate of the sale potential of your property and local market conditions you will receive the valuation of your home.

Once you agree the offer, and subject to satisfactory surveys, the development company becomes your buyer, freeing you up to put in a confirmed offer on your new home.

The terms and conditions of part exchange will vary between developers so please contact the Rettie & Co. New Homes sales team for further information 0131 220 4160 or email buyeradvice@rettie.co.uk 

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