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Cosmic Apple

Buying A Part-Ex House From A Building Firm

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I'm going to look at a house this weekend that is listed as a Part Ex from a building company (listing specifies: This property is a XXX Homes part exchange property which is subject to a £250 deposit on reservation.).

Previous sales are £223k in 2013 and £159k in 2006. Asking is near enough half way between the two, but I'd like to go lower.

Is the builder likely to have any fat left over in the deal that can be trimmed? The house was listed in February and has been reduced already. What is the best pitch, what will be the best incentives to get the builder to accept my offer? (Are they interested in chain free, quick completions etc?).

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They try to meet targets for sales. Try and find out of that is monthly, quarterly or yearly etc and when that is.

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Estate agents are shits.

New agent has listed the property with different pictures. Old agent shows a grave yard to one side of the house, new agent doesn't use the same angle but you can see the new build house right where the graveyard was.

Its not like you wouldn't notice the new build houses when you went for a viewing, so why not use up to date pictures?

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