Part Exchange is what it says on the tin. You buy from us and we buy your existing home from you. It works because you can get things moving as soon as you find your perfect Wain home, without having to wait for a buyer, think about chains or pay estate agent fees.
IS IT RIGHT FOR ME?
No need to wait for a buyer
We’re your buyer and we’ll give you a fair and guaranteed price on your existing home.
It’s just you and us, so there are no worries about anyone pulling out of the sale or holding things up.
No estate agent fees
We’re buying your existing home from you, which means there are no estate agent fees for you to pay.
How does Part Exchange work?
It’s good to have the right information to hand before you make any important decisions. So here are some key details about how our Part Exchange scheme works.
Once you’ve found your new Wain home, check with our Sales Executive whether it qualifies for the Part Exchange scheme. You’ll also need to confirm that the value of the property you’re selling isn’t more than 70% of the price of the home you’re buying. If we’re good to go, we’ll ask you to pay a £500 application so we can move onto the next stage.
We’ll get a valuation
To help us find a fair price for your existing home, we’ll arrange for at least two independent estate agents to give valuations. And if you’ve already instructed an estate agent, we’ll include their valuation.
We’ll make you an offer
Now we’ll make you an offer based on the valuations. If you’re happy to go ahead, we’ll convert your application fee into a reservation fee and confirm everything in writing.
We’ll arrange the sale
Once you accept our offer, we both have four weeks to exchange contracts. So it’s time for us to instruct our solicitors to draw up the contracts for the purchase of your existing home, and time for you to instruct yours to do the same on your new home.
More Buying Schemes
Help to Buy: Equity Loan
If you're a first time buyer you could buy your new home with just 5% deposit.
Our sales centres and show homes are open on an appointment only basis to ensure you have exclusive access and our full attention.
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