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Part exchange explained
Avoid the stress of trying to sell your home by part exchanging it for a new Taylor Wimpey home.
What is part exchange?
If you’d like to avoid the stress of trying to sell your home, part exchanging it for a new Taylor Wimpey home could be a hassle-free solution. The idea is simple – we buy your existing property from you when you buy a new home from us.
Why do Taylor Wimpey offer part exchange?
Part exchange is easy for you, but it’s also more valuable for us.
If you’re a chain-free buyer, there’s less chance the sale will be delayed or fall through.
How do I qualify?
Eligibility for part exchange depends on the location of your home and its expected value, which must be no more than 70% of the price of the new home.
Find out about our Part Exchange scheme in more detail
So how does part exchange work?
We ask you a few questions about your existing home – the location and expected value.
If your current home is no more than 70% of the value of the new home you have chosen, you could be able to part exchange it.
Once you’ve accepted the terms and conditions and filled in a simple form, you can make a provisional reservation on your new Taylor Wimpey home. The reservation will be secured once the part exchange has been agreed.
We’ll arrange for at least two independent selling agents to value your existing home.
They’ll give us their professional opinion of what the expected selling price would be on the open market (this is different to an asking price).
A Taylor Wimpey Part Exchange manager may also visit you to get a better understanding of your existing home and its location.
We will make you a verbal offer for your existing home, and then confirm it in writing.
If you agree to our offer, you’ll need to instruct your legal advisors. We’ll also contact our solicitors.
Now the provisional reservation on your new Taylor Wimpey home becomes a full reservation.
How can I be sure the valuation is correct?
We use more than one independent surveyor to value your property, so the amount won’t just be based on a quick sale.
You can rest assured that our offer will be based on the full market value.
What are the benefits of part exchange?
You’ll save money by not paying estate agent fees.
You’ll avoid the hassle of lots of prospective purchasers viewing your home.
You won’t have to worry about a long property chain causing delays.