Moving up the property ladder is an exciting prospect for any homeowner, but many are deterred by the hassle of selling their existing property, potentially holding them back from securing their dream home. In fact, recent research found it takes on average 25 weeks to sell a home in 2022, but can be up to 34 weeks in some instances.

Part Exchange is a great solution to avoid the long and stressful process of selling a home, by guaranteeing a cash buyer. Crest Nicholson takes the stress of lengthy chains and move dates out of the process too, with homeowners given control over the timeframes of their move – you can stay in your current home until the new one is ready.

What is Part Exchange and how does it work? 

Part Exchange is a great solution for people who might not be sure how to take the next step on the property ladder, particularly those who feel they have outgrown their current home or want to relocate. Through the Part Exchange process, Crest Nicholson purchases your existing property, and its value is taken away from the price of the property you are buying – you just pay the difference between the two. 

The process is robust and transparent, ensuring homeowners get a fair market value for their current home. Independent valuations are obtained from multiple different high-street agents and an offer is made following these third-party valuations. All feedback from agents is completely transparent and customers are involved in every step of the process to ensure they know how offers are calculated.

The scheme is the therefore perfect solution for people who would like to sell up and move home, but are deterred by the stress and cost of the process.    

What are the benefits of Part Exchange? 

1. Guarantee of a cash buyer for your home

1. As the process is directly between Crest Nicholson and the seller, it removes complicated chain delays that could frustrate homeowners, often making the moving process quicker and less stressful

1. Third party evaluations ensure you will receive a fair value for your existing home

1. You can remain in your existing home until your new home is ready, meaning there are no gaps between moving out and moving into your new home

1. Crest Nicholson covers estate agent's fees, meaning sellers can avoid costs they would be paying if selling on the open market. With the savings from the estate agent fees and costs of additional accommodation, homeowners could treat themselves to a new BBQ, bed, or dining table and chairs for their new home.

1. It is a streamlined transaction and purchasers are given professional support and guidance throughout the process

Clare Brimble, Sales and Marketing Director at Crest Nicholson South West, comments: “Part Exchange can be an ideal route towards moving up the property ladder and finding your dream home. It's a great option for upsizers and growing families or those looking for a stress-free move. A tricky aspect for many home movers is having chains delay your move when trying to sell a property, however Part Exchange removes this frustration, guaranteeing you a cash buyer and instead allowing you to enjoy the process of buying your new home. Crest Nicholson also allow you to remain in your old house until your new home is ready, which takes out a lot of the stress that can come with buying and selling at the same time”  

There are currently a selection of houses available for sale in the South West region using Part Exchange including Grange Meadows in Cannington, Somerset. Crest Nicholson's Part Exchange scheme requires that the value of your new Crest Nicholson property must be at least 30% more than the value of your existing home viable. Get in touch with Crest Nicholson's friendly sales executives to learn more about Part Exchange and find out if you're eligible, or call 01174537758.  

-ENDS- 

For further information about Crest Nicholson contact:

Email: CrestNicholsonTeam@redconsultancy.com

Call: 0207 025 6607

About Crest Nicholson

Crest Nicholson is firmly established as a leading developer with a passion for not only building high quality homes, but also for creating vibrant sustainable communities. The FTSE250 Group has a track record spanning more than 55 years and a broad portfolio of developments which range in size and scale, from large mixed-tenure developments to smaller, more traditional housing schemes operating across the South of England and the Midlands and expanding into Yorkshire as part of its ambitious growth strategy. As a pioneer of its own placemaking principles, the Company advocates a holistic approach to development, embracing social, environmental and economic factors to create homes and invest in valuable new amenities for the benefit of new and existing residents. These developments are founded on good design, high-quality green spaces, and the greater involvement of local people in both vision and long term management.

The company has Silver accredited membership of the 5% Club's 2022-23 Employer Audit scheme, recognising significant contribution to schemes such as Apprenticeships, Graduate Schemes and Sponsored Students Course Placements.

It is consistently listed in the FTSE4Good index.

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