Leading developer offers its top tips on how to part exchange your way to a new home

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Lovell Homes is encouraging property seekers looking to move to Suffolk to consider its Part Exchange scheme, available on all homes at its St Mary’s View development in Gislingham.

Part Exchange continues to prove a popular solution for many property seekers who are struggling to sell their existing home as it guarantees a cash buyer for their current property, allowing them move up the property ladder stress free. 

This Lovell Homes scheme is ideal for buyers looking to move quickly as it secures their dream home without the hassle of listing their previous property on the open market.

Property seekers who choose to Part Exchange with Lovell Homes not only guarantee the sale of their current property but also eliminate estate agency fees, potentially saving thousands of pounds.

Lovell Homes has offered its five top tips to a successful Part Exchange.

  1. Do your research

Buyers are encouraged to do their research as it’s important to have the right questions prepared when going forward with financial advisers and sales executives.

  1. Speak to an Independent Financial Adviser

As with any purchase, it’s advisable that buyers speak with an expert to ensure they are getting the best deal around and that their new home is affordable.

  1. Understand the valuation process

It’s important to understand the valuation process and for buyers to ask in detail what exactly will happen, as this can vary on an individual basis.

Many purchasers are often put off using Part Exchange schemes as there can be a perception that it results in a low value offer but this isn’t the case, as long as the home is in a good condition and suitable for Lovell Homes to sell.

The offer is usually based on fair market value based on two valuations; however, it is important to remain realistic about the offer as even independent property sales often involve negotiation.

  1. Keep on top of DIY

Buyers are advised to ensure that their home is in a good condition by completing all DIY jobs and making the home ready to market straight away. This will also help to get the best possible valuation.

  1. Sit back and relax

Once buyers have Part Exchanged their property, they can leave all the hard work to the experts, enabling them to enjoy moving into their brand-new Lovell home stress free!

Jessica Moreau, Sales Director at Move with Us, said: “One of the key things for buyers to also consider is how much they value their time and ask themselves if they have months and months to potentially wait to move into their dream home? Part Exchange offers a fair price for their house and enables buyers to quickly get settled into their new home.”

Adrian Garrood, regional sales manager at Lovell, said: “Part Exchange has been extremely popular at our St Mary’s View development and I’d encourage all potential purchasers to visit the development to view the showhomes and speak to our sales team about how they can Part Exchange their own home.”

St Mary’s View is a stunning collection of three, four and five-bedroom detached homes and three-bedroom bungalows located on Thornham Road and the development currently has a limited number of homes which are available to move into for Christmas.

For further information on any of the homes for sale please call 01379 353 662, visit marketing suite and showhomes open 10am – 5pm Thursday to Monday or visit https://www.lovell.co.uk/developments/st-marys-view-gislingham/.

You can also like Lovell on Facebook https://www.facebook.com/lovellhomes and follow Lovell on Instagram at @lovell_homes, and on LinkedIn @LovellPartnershipsLtd. 

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