What is Part-Exchange?

Whenever and wherever you move home, there are plenty of things you need to keep in mind.  Not only is there likely to be a ‘chain’, where some people are waiting to sell properties to buy new ones, but buying outright can be expensive.  However, thanks to part-exchange, you could find yourself moving to a brilliant new residential home sooner than you think.

Here at Sell My Group, we want to help you find the perfect park property that suits your needs and budget.  Therefore, we’re always pleased to list for properties and parks which accept part exchange as standard.  But Could it help you to lower the cost of your move?  How will it affect the whole moving process?

Don’t worry.  In this guide, we will break it all down for you, and let you know how you can start looking for the best deals.

What Exactly Does a Part-Exchange Involve?

A part exchange is where you can use some of your existing home’s value to pay towards a new one.  Therefore, you won’t have to actually sell your current property outright.  This could cut down a lot of time and hassle for you!  Selling properties, especially those outside of parks, can take months – sometimes even years!

Therefore, a part exchange system will allow you to move into a new home sooner than you think.  What’s more, it also means you’ll have a little bit of cash left over to help you settle in.  With many parks across the UK willingly open to part-exchanges, it’s safe to say plenty of people are taking advantage.

Part-exchanging not only lets you sell your existing home quickly, and to find the capital to move, but also makes sure that you secure your place at a brilliant residential park.  Some park homes are luxurious yet are just out of some people’s price ranges.  Instead of having to scrimp and save, these homeowners can simply put in their own properties into the deal, paying towards their new foothold as a deposit of sorts.

If there are any ways you can cut down on the cost of park home living, we sure you will want to look for them!  In our collective opinion, this type of exchange will certainly help to make things more affordable and less stressful for you.

How Does a Part-Exchange Work?

If part exchanging is appealing to you, then you’ll likely be happy to hear that it’s very easy to set the ball rolling.  All you need to do is complete a series of simple forms which will inform a part exchange service about your home.  We will cover a little bit about the services you can use at the end of this guide.

A part-exchange service will then ask estate agents to value your home.  This, of course, is so that they can get an accurate price.  When they receive a valuation, you will receive an offer for an exchange.

No Obligation

There is no obligation for you to accept this offer.  However, please be aware that you must follow service guidelines when you fill out your information.  Even if you already know the value of your home through private surveying, part-exchange services will need to access impartial, independent advice from agents.  This way, they can be sure to offer you a fair rate.

When you receive an offer, as stated, you won’t have to accept it.  If you do, however, fantastic!  Part-exchangers will then ask solicitors and surveyors to take control of your property sale, meaning that you won’t have to.  What’s more, they will even cover the costs of the sale for you.  It’s another great reason to think about exchanging rather than sell outright.

This means no red tape, administration or legal fees for you to have to worry about.  It’s a great way for you to free yourself from your existing home as soon as possible, and to really cut down the cost of park home investment.  Millions of people are already taking full advantage, and why not?

You’ll receive a moving-in date, and then can simply start preparing for the big day – exciting times ahead!

Am I Eligible for Part-Exchange?

Providing you own a traditional, bricks-and-mortar property, the part-exchange service we partner with is very likely to accept you.  There are very few hoops, if any, that you need to leap through.  In any case, advisors will let you know exactly what you can expect from the service before you start.

This means the process is often very quick and efficient.  If you do have any questions throughout the exchange, advisors will always be happy to take you through what you need to know in clearer detail.  After all, the whole point of an exchange is to make life easier for you!

What Are the Main Benefits of a Part-Exchange?

Let’s consider some of the overall benefits of part exchanging when moving to a park property.

It’s Quick

Once you’ve agreed to go ahead with a part-exchange, the money from the process can be with you as soon as seven days.  That means, given that your home is ready to move into, and you’re happy to proceed, you could find yourself in a park property inside a week!

It’s Safe and Secure 

When you sell homes on the open market, and through high street estate agents, there are plenty of risks.  What if you don’t sell your home at all?  What if buyers fall through at the last minute?  With a part-exchange, there is none of this stress or hassle.  You get a guaranteed sale the moment you receive a formal offer.  The firm we partner with doesn’t secure mortgages, but funds itself – so the money is always there.

It’s Stress-Free

They say that moving home is one of the most stressful things you’ll ever do.  Part exchanging, however, takes hassle right off your plate.  You won’t have to arrange viewings, set up negotiations, or keep your fingers crossed that everything will be ok.  Once you have an offer, you’re safe and clear to continue.  What’s more, you’ll get to move in very quickly indeed!

It’s Flexible

Our partners make sure to offer a flexible, stress-free service.  This means that they will only ever make offers and proposals to you which fit your timescales, needs and expectations.  All you have to do is tell them what you’re looking for!

It’s Very Supportive

You’ll get all the help you need from your own, personal consultant.  They will work carefully with you to find a deal you can afford, and to answer any questions you may have.

It’s Easy to Budget For.  Unlike selling and moving home otherwise, part-exchanges are very easy to plan for.  Finances in particular are a relative breeze!  As you have complete certainty and security over your sale as soon as you receive an offer, there are no risks of you losing track of your budget.  You can secure things in place now and budget accordingly!

These are just a few of the great reasons why people choose to part exchange instead of sell and buy outright.  It’s a process which millions take advantage of, meaning that you, too, could be in good company.

How Do I Set up a Part-Exchange Enquiry?

Want to know more about setting up a part exchange?  Great news – Sell My Group makes it easy thanks to our partnership with Quick Move Properties.

Quick Move Properties is the largest independent part-exchange company of its kind.  They help thousands of people to move home with ease each year thanks to exchange offers and simple rates.  What’s more, their experienced team of specialists really help to make the whole process friendly, clear to understand, and as informal as you require.

Quick Move Properties works with a variety of different estate agents to get the best prices for your current home.  They will look closely at where you want to move to, what your preliminary budget is, and how they can feasibly help you move across with ease.

Where there’s a will, there’s a way.  Thousands of people advise that Quick Move Properties has helped them to achieve their park home dreams sooner rather than later.  You may be waiting a long time to save up for the home of your dreams, which is why it is so important to consider part exchanging your property.

Find Out More

If you’d like to know more about Quick Move Properties and how they can help you trade in your home towards a new park property, do make sure to contact their team for further details.  Otherwise, make sure to take a look at our partnership with the company to learn more.

Sell My Group is proud to list for many parks across the UK which accept part-exchange.  Why not take a look around and see where you could be moving to in the very near future?