Side by side
| Factor | Part exchange | Open market |
|---|---|---|
| Price for your home | Below market value | Market value |
| Chain | None | Your buyer's chain |
| Agent fees | Usually paid by the developer | Paid by you |
| Price of the new build | Less room to negotiate | More room, especially with a proceedable buyer |
Figures are typical UK ranges, not quotes. Always check the contract you are offered.
When each one wins
Part exchange
- Certainty matters more than the last few thousand pounds
- Your home would be slow to sell
Open market
- Your home is easy to sell
- You want to negotiate hard on the new build
Our take
Compare the whole deal: what you get for your home, what you pay for the new one, and the fees saved. Get independent agent valuations before accepting a part-exchange figure.
Questions sellers ask
How do developers set the part-exchange price?
They usually take independent valuations and then offer less, to cover their costs of reselling. Ask to see the valuations.
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