I have a house and have bought a new one and they said they could part exchange the house for me. Is it worth it, if you sell your house yourself you get 10K off the house, but my selling costs are around £6k anyway. What do you think?? Is it a con? The builder's is Bryant (quite a reputable company)
2007-01-07 01:44:08 · 2 answers · asked by oceanwaves 2 in Business & Finance ➔ Renting & Real Estate
if your house is in a depressed former mining town where the one chippy has just been burnt out by hoodies, it's not a con. Otherwise, you are likely to find you can do better in the open market. £10k is a tiny markup if your home is in a nice part of London, Leeds, Edinburgh, Cambridge or any other hot zone.
2007-01-07 01:47:45 · answer #1 · answered by wild_eep 6 · 2⤊ 0⤋
You will always get a better deal if you sell your home on the open market rather than part exchanging.
But, part-exchange saves you the hassle of having to sell your own home, and means there are no chains to deal with. It means that you have a specific date for the sale to proceed instead of wondering if your home will be on the market for a long period of time. It means that you don't have to have strangers procedding through your home and don't have to tidy up!
You have to work out if these benefits outweight the fact that you will be losing out financially.
2007-01-07 01:56:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋