Making the most of Part Exchange with Harron Homes

Niki Clarke - Part Exchange Manager

Niki Clarke – Part Exchange Manager

Many people are familiar with the basics of the Part Exchange scheme, which enables customers to sell their existing home in exchange for their new one. However, various myths surrounding Part Exchange mean that some customers are dissuaded from taking advantage of its many benefits. Below, our North Midlands Part Exchange Manager Niki Clarke addresses some of the most common misconceptions:

1. Developers do not offer full market value for your home

Many customers worry that using a scheme such as Part Exchange will leave them short-changed, regardless of the other benefits it provides. However, our Part Exchange team is trained to ensure you get the best possible deal. We arrange for two local estate agents to evaluate your existing property, at no additional cost to you. This ensures you get a fair price from local experts, just as you would if you visited the estate agents yourself. As a result, you get 100% of the market value and can often expect an offer within 48 hours.

2. You will have to leave your existing house before the new home is ready

On the contrary: with our Part Exchange schemes, you can stay in your existing home until your new home is ready. There is no rush to move out, and you won’t be left without a home at any point during the exchange process. If for any reason your mortgage offer does expire before your new home is ready, we will help you seek a lender’s extension on either a month-to-month or six-month basis.

In fact, the key benefit of Part Exchange is the level of security it offers. With Harron as a cash buyer, the chain that usually leaves buyers so dependent on others is removed: there is no concern about the sale falling through later down the line, and no need to worry about trying to sell and buy all at the same time.

3. Using a buying scheme can be complex

One of the few builders with an in-house Part Exchange team, Harron makes using the scheme as easy as possible. Customers who choose Part Exchange have the benefit of being able to directly contact our Part Exchange manager with any questions or concerns, all while receiving timely updates on the progress of the exchange. It is designed to be simple, accessible, and affordable.

4. Part Exchange can be expensive

Harron pays the estate agent fees, and there is no fee for our service, which means you save thousands of pounds on your move. In addition, you are no longer reliant upon a chain, nor are you at risk of your sale falling through. Because of this, you’re saved from the hassle of having to arrange and rearrange countless viewings, and you won’t have to defer your move. Far from being expensive, Part Exchange saves you both time and money.

5. Part Exchange has restrictions

Unlike many other housebuilders, Harron’s team is not limited to purchasing specific types of properties. Whether your current property is a leasehold, an apartment, or even an ex-local authority building, if it is located somewhere in England, we are open to buying it.

Natalie Griffiths, Sales and Marketing Director for Harron Homes North Midlands, said: “We understand that the house buying process can be complex in many ways, which is why we have numerous schemes in place to keep things as simple as possible. Of all these schemes, Part Exchange has proved to be one of our most popular. It is a great option for buyers who have an existing property to sell; they secure a Harron home without any of the worry of having to sell their own.”