How to buy: Part Exchange

Here’s the latest instalment in our How to Buy blog, where we look at the different options available when you buy new with St. Modwen Homes. This month, we’re talking about Part Exchange and taking the stress out of buying.

If you’ve found your dream home but are struggling to find a buyer for your existing property, our Part Exchange scheme could make all the difference.

With Part Exchange there’s:

-       No hassle

-       No estate agent fees

-       No risk of broken chains

-       But most importantly… a guaranteed buyer so you don’t need to worry about finding one

So how does it work?
First of all, you need to be pre-qualified (if you’re not sure what that means you can read our previous How to Buy blog to find out more) and you need to make sure your new home offers Part Exchange – not all of our new homes are available under the scheme, only selected plots.

You then need to speak to a member of our Sales Team, who will talk you through the process and ask a couple of questions about your existing property, for example location and approximate value, to make sure you qualify.

At this point, we arrange the valuation of your property, we get two independent valuations, from trusted local estate agents, so we can agree a fair price and you don’t lose out by using Part Exchange.

By selling your existing property to us, rather than putting it on the market, the sales process becomes a lot less stressful. There are no delays and no risk of the sale falling through so you can move in as soon as you’re ready.

Not only is it hassle-free but by using Part Exchange you won’t pay any estate agent fees, leaving you with more money to spend on making your new house a home (check out our interior design blogs if you need some inspiration).


If you want to know more, or to see if you qualify for Part Exchange, get in touch with our Sales Team, who are always on hand and happy to help.