Part Exchange – Your Questions Answered!

Many people are new to PartExchange so here we have tried to answer a few of the more commonly asked questions. If you have any further questions ask a member of our sales team and they will give or get you the answers.

How does Part Exchange make a difference?
It’s designed to make your life that bit easier, PartExchange offers an easy, uncomplicated sale. It takes care of estate agent’s fees, giving a guaranteed cash buyer. It saves you time and money with no lengthy chains to worry about.

How do I get started?
First of all you need to choose your Peter Ward home from one of our sites and talk to one of our Sales Consultants. Once you’ve found your perfect home, you’ll be able to talk to us about your existing home. At this point, neither you or Peter Ward Homes are committed to the sale or purchase of your property. The new home you have chosen will remain on sale.

What is the next step?
We will arrange a part exchange valuation by local independent estate agents. The estate agents will provide valuations of your home, based on their expert local knowledge of the marketplace. We cannot accept part exchanges of a similar or higher value than the Peter Ward home you are interested in buying.

What happens once we agree a price?
Once we have both accepted the valuation, a member of our sales team will explain the terms and conditions of the PartExchange scheme. We will also visit your property to compile a full inventory and carry out a survey to ensure there are no major problems that could hold up the sale.

How do I reserve my new home?
Your new home will be reserved for you once you’ve accepted our offer. We can then move on to exchange contracts, and agree a date with you for moving into your new home.

Do I get involved in selling my old house?
It is highly likely that your old house will be put on the market before you actually move out. Potential buyers have to be allowed to view the property at a mutually convenient time. We make these viewings as hassle free as possible but you may be required to help show potential purchasers round the property.

What happens when I move out?
At the legal completion stage we will retain £500 to cover for any damage that occurred during your move, any re-decoration, rubbish removal or cleaning. This will be shown on your completion statement. We will inspect your old property to ensure it has been left in good condition, with all agreed items left intact. Within seven days after completion we will arrange to refund the retention, less any costs and forward you a cheque.

To find out more about the benefits of Part Exchange contact our sales representative at the site of your choice.

Sell us your home…
To save you the cost and problem of selling your existing property, we may be able to accept it in PartExchange against a new Peter Ward home at 100% of its market value. This means you have:

• A guaranteed cash buyer for your existing home. Once the price is agreed then things move quickly.
• There’s no chain involved, so there are no last minute hitches caused by buyers pulling out or problems with moving.
• No estate agents fees for you to pay. We buy the house and place it on the market ourselves.

Getting the Best Price
We will arrange for independent valuations by local estate agents before deciding if we are able to take your existing property in PartExchange. There are no hidden costs, it’s just a simple legal transaction, where we agree to buy your present home and you move into your new Peter Ward home.

Making it Easy for You
PartExchange is ideal if you have been struggling to sell your home and are keen to move or if you don’t want to get involved in the selling. It’s great if you need to move quickly for any reason. And it means you know exactly what you can afford. Throughout the Part Exchange process our sales staff will keep you fully informed on the legal transaction and any other issues. They will discuss the details of your new home with you so that you can move in on the date that is agreed. Making everything as simple as possible for you.

For more information on this and our other schemes speak to the Sales Representative on your chosen site.