Cala Homes has revealed that almost a third of its buyers are part exchanging their property rather than selling on the open market. Concerns over a sale falling through, the security of a guaranteed buyer and savings on estate agents’ fees are all driving the popularity of the service.

Here, we answer some of the frequently asked questions about how the scheme works and the benefits it offers:

1. What is the Part Exchange service?

Our Part Exchange service offers buyers of a Cala home an alternative to selling their existing property on the open market. The scheme works by Cala effectively acting as a cash buyer for your existing home, providing you with the reassurance that your sale will complete in time for you to move into your new Cala home.

2. Will I get a fair price for my property?

Yes – Cala will arrange two free independent valuations and, subject to status, offer you up to 100% market value for your property. Offers are made subject to contract, survey and relevant searches. Once the purchase price is agreed, you have total peace of mind that the whole process will be simple and straightforward, with no worries that the sale could fall through.

3. Is there a fee for using the Part Exchange service?

No – in fact, our Part Exchange service can save you thousands of pounds on the cost of your move. There are no estate agents’ fees or marketing costs associated with the sale of your property, as well as no Home Report cost for those selling a property in Scotland.

4. How long does the Part Exchange process take?

Part exchanging can be a much quicker and more straightforward way of selling your home, saving time on liaising with estate agents, managing viewings and negotiating offers. In some cases, purchasers have been able to take occupancy of their new Cala homes within six weeks. Cala manages the whole process, so the completion dates for the sale and purchase of your new home will be the same. This means there are no worries about the need for temporary accommodation or bridging loans.

5. Do I need to make a decision on Part Exchange straight away?

No – you can enquire about our Part Exchange service as soon as you find a Cala home in which you are interested. Or, you can market your home privately for a period of time and take advantage of the service at a later date if you fail to secure a suitable offer. Part Exchange valuations are free with no obligation, so there’s nothing to lose in finding out whether Part Exchange could work for you. Why not try our free, online Part Exchange calculator today and see how much you could save?

6. How do I find out more?

Talk to one of our sales consultants at the development you are interested in or visit our Part Exchange page. Full terms and conditions can be found at www.cala.co.uk/terms.

Cala News & Lifestyle

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