Covering a broad spectrum of the housing market, Hamptons, with its extensive network and database is well placed to match clients with each others properties.
What is it?
Part exchange is the process of exchanging an existing home as part payment for a new property, acting like a house swap.
This concept also works well for people looking to release equity from their property.
How does it work?
A direct exchange occurs where two vendors are interested in each other's properties.
Within a chain an exchange can occur where the vendor at the top of the chain (Vendor A) purchases property from the vendor at the bottom of a chain (Vendor D).
This allows the sale of Vendor A’s property to proceed and facilitates the release of the majority of their equity.