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How part exchange works
Offering Part Exchange to your buyers using
our scheme couldn’t be more natural.
We don’t charge any fees to take a property in part-exchange, and we don’t tie you into any agreements – our no-obligation schemes are simple, straightforward and designed to help you sell more new homes.
Our income is derived from the difference between how much we pay for a property and what it sells for. The risk is entirely ours. Therefore it doesn’t cost you anything to use our scheme or to receive a part exchange offer.
Step
Complete our simple online application form with details of your buyer and their property.
Step
The PX Partnership will contact your buyer to arrange their FREE home visit to the property and to organise part exchange valuations by local estate agents.
Step
When the valuations are received, we assess the information, including comparable evidence, and local market conditions.
Step
The PX Partnership makes the part exchange offer directly to you, the developer. The offer is subject to survey and contract.
Step
Once you have received the offer, you have the opportunity to put together a bespoke package to suit your buyers’ individual needs that will enable them to accept the PX offer and to purchase your new home. You present the PX offer package to your buyer, allowing you to retain continuity and the relationship with your purchaser during negotiations.
Step
If the PX offer package is accepted, The PX partnership will instruct an RICS survey on the property to confirm the offer. If however, the offer is declined, the file is closed.
Step
Once the offer is confirmed, solicitors are instructed to proceed by timescales agreed between you and your buyer for exchange of contracts and completion.