How does part exchange help developers?
Quick Move Properties has recorded an increase in the popularity of its part exchange scheme, particularly over the last year. New home builders have started to build in higher volume again following the downturn in levels of construction and the housing market is beginning to show signs of growth. However, in the current climate, building and marketing the properties isn’t enough to secure sales and so builders are taking advantage of part exchange schemes to make their buyers ‘proceedable'.Having a ‘proceedable’ buyer means securing a sale to someone who is in a strong position to move forward and follow through to completion. Buyers who are unable to sell their existing properties, cannot raise a mortgage, have insufficient deposit funds or are stuck in lengthy chains are examples of ‘unproceedable’ buyers.
Developers report three main benefits of part exchange:
• More sales
Having more buyers in a position to complete means more sales and a quicker return on investment.
• No risk
Working with a home buying company means that new home builders can offer part exchange to their buyers without taking on the risks that the buyers’ existing properties carry, such as the inconvenience of tying up funds and the time and hassle of the re-sale process.
• No hassleThe part exchange provider becomes responsible for the legalities, funding and paperwork, leaving the developer free to work on their own sales.
Mark O’Dwyer, Business Manager for Quick Move Properties, comments “New home builders such as Barratt Homes, Persimmon, Taylor Wimpey and David Wilson have been offering part exchange for a long while. Recently, though, small to medium developers have become more aware of part exchange and are exploring how it can help them. As the popularity of part exchange increases, Quick Move Properties is experiencing higher levels of enquiries and my colleagues and I are looking forward to building on the success experienced in February this year when 59 offers were accepted.”
Five ways Quick Move Properties helps developers through part exchange:
1. Quick Move Properties manages the entire part exchange process – all you need to do is inform us of the vendor who needs our services and we will manage everything through to completion.
2. Not only is the part-exchange fully managed by Quick Move Properties, it is fully funded by us too, meaning you are able to offer the part exchange whilst carrying zero risk. Quick Move Properties’ formal offers are based on two local, independent estate agent valuations and local market conditions, so you can be assured that only realistic offers are made.
3. Quick Move Properties is well-capitalised so it does not rely on investors or mortgages. When a formal offer is made for your customer’s property, you can be confident that it is 100% guaranteed (subject to clear legal title and survey).
4. When working together, our reputation becomes your reputation. Integrity is core to our success and a professional, honest and supportive service is provided at all times.
5. After helping over 4,000 people in the same situation as your customers, the knowledge and efficiency of the Quick Move Properties team is outstanding; we are an extremely safe pair of hands!
Company Information
Quick Move Properties
The Part Exchange Company
Tel:01793 840907
www.quickmoveproperties.co.uk
px@quickmoveproperties.co.uk
15 Interface Business Park
Bincknoll Lane
Royal Wootton Bassett
Swindon
SN5 8SY
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