Subscribe Feed (RSS)Hamptons Exchange House Swaps: Is This The New Way To Move?
September 19th, 2008 by Karelia | Filed under House Prices, London House Prices, Property Market News.Musings of the London Property Finder
Hamptons Estate Agents have introduced a new service called Hamptons Exchange, which aims to allow buyers to ‘part-exchange’ their existing home in order to move up the next rung on the property ladder. Hamptons hope to be able to tempt new buyers and vendors onto the market by putting more effort into finding them a buyer and a property to buy. They hope their system will give vendors more confidence to find a house before they have a buyer, thus increasing stock and boosting demand as the number of potential buyers increases.
Clearly it would be good news for Hamptons as sales staff would be kept busy, hopefully helping their Clients both sell and buy property and more importantly, all purchases and sales in the chain would be Hamptons properties.
The dangers for consumers are the classic two: falling in love with a new property and being unable to proceed because you don’t have a buyer or fellow exchanger or accepting a lower price than you want to for the home sold. But both can occur in any market.
It’s a good idea but one has to be sceptical regarding the success of the scheme while it only involves one agent. At the very least the new service will drive publicity for Hamptons and bring them more leads and more Clients, so ‘successful’ or not for buyers and sellers, we’d say it is a winning strategy for Hamptons. For a faster successful property move, call this London Property Finder
Tags: House part-exchange, house sales, London Property Finder
