Benefits to the Developer

  • The speed of Part Exchange sales.
  • A good marketing tool.
  • Secured sales.
  • Helps to achieve budgets.
  • Developments achieve sell-out sooner and therefore reduce ongoing sales overheads.
  • Earlier occupancy rates with contented purchasers.
  • Can be applied to Tail-end sites to reduce the cost of on-going sales support.
  • Working together to make the Purchaser’s move as seamless as possible.
  • Hamro plc provide financial liquidity to the Developer allowing them to free the capital to re-invest. The risk of the second-hand market is borne solely by Hamro plc.

Benefits to the Purchaser

  • Stress and hassle free.
  • Guaranteed offer.
  • No upper limit to Part Exchange property value.
  • No Estate Agents appointed, so no Sale Boards or viewings mean greater security.
  • No Estate Agent fees to pay.
  • No more property maintenance or gardening worries.
  • A 14 day Vacation Period after Completion if required.
  • No Deposit or Bridging Loans required.
  • Simultaneous Exchange and Completion on both their sale and purchase.
  • Working together to make the Purchaser’s move as seamless as possible.

The Part Exchange Process

  • A simple Start Form is completed by the Developer which notifies Hamro of your Purchaser’s basic details. eg. Name, contact no., property address and type of property.
  • Hamro plc will then obtain two Estate Agent appraisals and a RICS valuation usually within 72 hours.
  • The appraisals require the Open Market Valuation and the 2 months’ Projected Market Valuation.
  • On receipt of the last appraisal Hamro will make their Part Exchange offer to you. Hamro’s offer will be based upon the 2 months’ Projected Market Valuation.
  • As the Part Exchange offer is based upon the 2 months’ Projected Market Valuation there may be a cost involved to the Purchaser, but the benefits of Part Exchange generally outweigh any additional financial costs.
  • The Part Exchange offer is unconditional and is made to the Developer. It is also time-bound. The offer is subject to our terms and conditions.
  • The Part Exchange offer to the Purchaser is made by the Developer to maintain the continuity between both parties, thus allowing the Developer to add any incentives to the Part Exchange offer if required.
  • On Acceptance of the Part Exchange offer, Exchange and Completion dates can be agreed between the Developer and the Purchaser, and the Legal process commences.