Part Exchange

Selling your home through an Estate Agent and the possibility of becoming involved in a chain can be a stressful, uncertain time consuming experience. 

Our Part Exchange scheme removes the uncertainties of the buying and selling process by offering you a guaranteed sale for your property, which in turn enables you to purchase your new Owl Home, both quickly and smoothly.

There is no charge to make a Part Exchange offer for your home and there is absolutely no obligation to you whatsoever. 

 

How does Part Exchange work?

 

Step 1) Choose your new home. Once you have chose the home you would like to buy, we will take a £99 fully refundable valuation fee and pass your details to PX Partnerships.

Step 2) Valuations. You will be contacted by PX Partnerships to organise valuations by two local estate agents and possibly a chartered surveyor. The team may also carry out a home visit. 

Step 3) Offer. We will contact you once we have received the offer for your property and will discuss the figure with you.

Step 4) Decision. If you choose to accept the offer, a survey will be carried out on your property. If you decline the offer, the process ends here with no cost to you and your £99 will be refunded back to you. 

Step 5) Solicitors. Once everything has been agreed, solicitors are instructed to commence the legal process and work towards the exchange date provided by the sales advisor. 

Step 6) Moving. Once you have completed the purchase of your Owl Home, you can choose to move, or take advantage of PX Partnerships free option to remain in in your old home for up to two weeks to help reduce the stress of the moving process.

 

Terms and conditions apply

  • Part Exchange is only available on selected plots and developments in England, and Wales and is subject to our standard terms and conditions. Part Exchange will only be available where the existing property being traded in is no more than 70% of the selling price of the plot you are considering purchasing. 
  • All properties shall need to be considered for Part Exchange on an individual basis. Owl Homes are under no obligation to make an offer. 
  • Any offer made to purchase your existing property will be at fair value and will be based on a presumed sale of 4 to 6 weeks. Our offer will be subject to a RICS survey and an independent valuation. 
  • To be considered for Part Exchange you will need to have completed the Part Exchange application form in full, a Reservation Agreement and have paid your Reservation Deposit. 
  • You will need to provide access to our appointed estate agents, Sales Manager or our representative within 5 working days for the purposes of valuations and inspection of your existing property. 
  • Following valuation and inspection of your existing property we will make you a verbal offer. Your acceptance will be required within 2 working days and any written offer must be returned within 2 working days of receipt. Upon acceptance your Reservation Agreement will be processed. If you do not accept our offer, your application for Part Exchange and your reservation on the new property will be cancelled. 
  • Note any offer made to you by us under the Part Exchange scheme is subject to any necessary further enquires or reports. 
  • You will need to ensure your solicitor is instructed to proceed on your behalf upon acceptance of our offer and to meet our 42 day exchange requirement. 
  • You agree to cancel any existing arrangements with any agents and any agents’ fees or commissions and VAT that may have been incurred by you prior to our agreement will remain your responsibility. Owl Homes will not accept liability towards any such costs or charges. 
  • Both your purchase of the new home and our Part Exchange agreement are subject to contract until the exchange has taken place on both transactions. 
  • We will market your existing property prior to your move into a new Owl home. You agree to allow reasonable access to your existing property to facilitate the resale (subject to agreed appointments) and to the erection of a “for sale” sign.
  • Any estate agents appointed by ourselves to market your existing property will be acting on our behalf and should the complete transaction proceed to mutual legal completion any fees and commissions for the appointed agents will be met by Owl Homes. 
  • Should either party withdraw from the transaction but you continue to sell your existing property to any individual introduced by our appointed agents during the period of our instructions, and any such sale proceed to a legal completion, you would be responsible for the agents’ commission and VAT. 
  • Certain items are deemed fixtures and fittings within your existing property and must remain within the property and are included in our offer. Such items will be set out within the Property Inspection Form. 
  • Your existing property must continue to be maintained internally and externally to an acceptable standard until legal completion and on legal completion must be left clean and tidy including the garden, loft and any outbuildings with only the agreed items remaining. 
  • On the day of legal completion you will not receive the keys to your new home until completion has taken place on your existing property and only then when it is confirmed that you have left the keys as set out in the Property Inspection Form with our appointed estate agent or ourselves, along with any alarm codes. You will be notified prior to legal completion where these keys are to be left. Any keys not provided may necessitate a locksmith being instructed on our behalf to replace locks and supply keys, the cost of which would be recovered from you. q) You will be responsible for all service company invoices up to and including the day of legal completion. Please ensure you have had all your meters read in order that the final bills can be forwarded on to you for settlement. We will not accept any bills or invoices for periods of consumption prior to completion date. 
  • Full vacant possession of your existing home will be required upon legal completion.