If you need to sell your UK property then Read This Page Carefully...

If you are keen to sell your UK property so that you can finally buy your dream home in Spain our part exchange service may be the perfect solution.

So how does part exchange work? Quite simply it means that if you wish to buy a property through us, our UK-based partner (AIPP approved) can offer you a ‘part exchange’ price on your UK property.

What this means for you:-

• The guaranteed sale of your UK property.
• A guaranteed timetable for sale – completion is possible within 28 days.
• No up-front fees.
• Avoid the stress and hassle of selling on the open market.

 

Is part exchange an option you should consider?

Starting a new life in Spain is incredibly exciting. Looking at the different properties, golf or beach, town or country, smart apartment, town house or farm house, thinking about how you are going to spend your time – all fantastic fun.

Without a doubt the key to a successful move is making sure that there are no surprises, and that means planning properly, in plenty of time, so that when the big move happens you can look forward and enjoy it all rather than tear your hair out because of unforeseen events.

Inevitably the biggest element of a successful move revolves around how you buy your new home and sell your UK property. Whether you need to sell your UK property to finance your future move or you have the cash, how you pay for your dream home in the sun is something that you absolutely must think about and plan carefully.

Consider all the angles and plan well and you can save £ thousands – get it wrong and well… we don’t need to say anymore!

So why should you consider part exchange? Well, there are many things that you need to take into account when deciding if part exchange is for you. Above all, stay focused on the bigger picture – the offer price is just one of many factors to consider:

With part exchange you can bank on the fact that exchange and completion will take place on the dates that you need them to. When selling on the open market there is always the possibility of the buyer ‘pulling out’ at the last minute. You also take the risk of getting caught up in a long property chain which can seriously delay the sale or even cause the sale to fall through. It’s a fact that 1 in 3 property sales fall through in the UK because a link in the chain fails.

You will benefit from being able to plan your move well in advance. Knowing exactly when you can move and how much you will get from the sale of your house allows you to plan your move more effectively. You will also be able to save money by being able to shop around for the best deals – think currency exchange, mortgages, developer incentives, etc.

Avoid the headache of selling on the open market. You don’t have to appoint an Estate Agent. You don’t have to endure strangers traipsing all over your home. You can just relax and look forward to your new life abroad.

Every additional mortgage payment you make is money that you could be using to purchase your new home abroad. On average it takes about 7 months to sell a house, that’s if you’re lucky and everything goes to plan. Calculate how much you would save in mortgage payments if you could sell in just 28 days! And don’t forget, with our part exchange scheme there’s no estate agency fees (normally 1-2%), no HIP pack required (£500-£1000) and your legal costs are paid (up to £500).

Fluctuating exchange rates can make a big difference to the price you finally pay for your property. For example, let’s say you are buying a property priced at €200,000.  At the current exchange rate this would cost you £135,860. If the exchange rate increased by just 4%, the same property would cost you £142,290 – that’s a difference of £6,4430!  The best experts in the City can’t predict with certainty exchange rates on a given day – you shouldn’t even try. Talk to a currency company early enough and it will, at least protect your position, and you could make more money. The certainty of a part exchange deal allows you to plan your currency exchange so that you don’t become a victim of currency fluctuations.

Most crucial of all – choosing the part exchange option turns you into a cash buyer which puts you completely in the driving seat when it comes to negotiating the absolute best price for your new home. You must not underestimate how strong your position is when you are able to tempt the sellers with the phrase – “we can sign quickly if the price is right”. 

Will you get a fair price for your property?

When you request a part exchange valuation you will receive a firm offer which is valid for 28 days so that you know exactly where you stand. Of course the price offered for your property is not what you would get if you are prepared to endure the uncertainty of selling on the open market but it is always a fair offer, based on independent valuations. You are not under any obligation to accept if you think you can do better – but be sure to weigh up the prospect of getting a better offer against the likelihood of your buyers completing when you need them to.

Look at the bigger picture

Imagine that you have found your dream property, it ticks all the boxes for you, its perfect - then ask yourself a simple question, “Am I prepared to lose this property because I might be able to get more money for the house if I wait?”.  How will you feel when the vendor decides to sell to someone who could move more quickly?

For you, in simple terms, deciding to part exchange your property means that you have simply set yourself a target to achieve. Your target is to close the gap between what you might have got and what our part exchange scheme guarantees to give you in exchange for the ability to plan and look forward to your new life.

Closing the gap isn’t actually that hard. The savings you make by not paying estate agency fees and legal costs are just the start. Your status as a cash buyer can help you save many thousands of Euros when negotiating the purchase of your new property. You mustn’t forget that the people who are selling their property to you will have their own timetable and as a guaranteed buyer you are in the best position to strike a good deal.

To learn more about our international part exchange service (Contact us).