Part Exchanging Your Home for a Park Home

Posted by Sell My Group in Services, August 13, 2017

Whether wishing to downsize or part exchange your home for a park home for any other reason, this is entirely possible. Here, we will explain how you can easily go about part exchanging your home for a park home.

What does a Part-Exchange mean?

Part exchanging your home for a park home means that you will sell your existing property. The property will then be used as part payment for the park home you intend to buy. This is a popular choice for many reasons, one of which being it makes it easy for both parties to get what they want in a short period of time.

Part exchange is a lot less stressful in terms of finding a buyer and going through the steps of selling and handover. Furthermore, the housing market can prove to be quite slow in many areas around the UK. People often want to get on with moving home however are stuck trying to sell their existing house.

How Part Exchanging works

It is common for park home vendors and site operators to offer a part-exchange programme. This means your existing property will be sold to them and the money will be used as much as possible toward the purchase of your new park home. In instances where your existing property is worth more than the park home you are buying, you will be given the leftover amount.

To begin, you will have two or three independent valuations. These are carried out the same way you would if selling to the housing regular market. When both you and the company agree on the buying/selling price for your existing property- the transaction for them to buy can then take place. This money is then offset against the price of the park home.

Advantages of Part Exchange

Part Exchanging your home is fast.

By taking part in a park home park exchange scheme, the selling process will take place much faster than usual. Part exchange  is often completed within two weeks. Waiting for your house to sell can be infuriating, especially when you have your next move all lined up and ready to go. However, a  park home part exchange scheme will allow you to get on with your plans rather than wait until a buyer comes along.

Part Exchanging your home is easy

Taking part in a part exchange scheme will take the hassle out of selling your property in all sorts of ways. First of all, there is no need for viewings or to decorate in order to attract buyers. This is because you will already have the buyer ready and waiting in the form of the park home vendor.

If you are unsure about the process, there is nothing to worry about. Vendors will take care of everything from start to finish. There is no need to work with estate agents or potential buyers. The process is straight forward.

Part Exchanging makes financial sense

People might argue that part exchanging your home will mean you lose money on the sale of your existing property. We claim that is does make financial sense in many ways. For a start, part exchanging your property for a park home means no estate agent fees or costly legal fees. Additionally, in the majority of cases you will receive less than market value. To have a quick and easy sale is also more cost-effective in the long run.

Part Exchange is Final

Entering into a park home part exchange scheme will give great peace of mind. Moving home is stressful enough without the chances of things going wrong.

When you enter into a contract to part exchange your property, the decision is final.  The sale will be completed in a quick and easy manner meaning you can relax. This allows you then to purchase the park home you so desire, and move in.

If you would like to know more about part exchanging your home for a park home, simply get in touch with the Quickmove Properties.

You can read how Sell My Group and Quickmove Properties are now working together to help clients realise their dream of retiring to a park home.