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If you are considering buying a new build property, then you may have come across the term “part-exchange.” But what does part-exchange mean in the context of the housing market? What Is A Part Exchange Scheme? A part exchange scheme on a home works similarly to part-exchange of your motor vehicle. Part-exchange allows you
The Steps For Completing The Sale Of A House Through An Auction When it comes to selling your house at an auction, there are several steps that you must go through between the initial decision to sell and completion. Step 1: The Appraisal The first step in the sale of a house at auction is the appraisal.
If you’re looking to sell your home, you may have come across something called “indemnity insurance.” But what exactly is it? And how does it help home sellers? Indemnity insurance protects the seller against legal action by the buyer should the buyer discover a defect in the property that the seller did not disclose following the completion
Memorandum of sale After viewing a property, the buyer may make the seller an offer. The offer can either be for the advertised price or lower. If the seller accepts the offer, then both buyer and seller move to the next stage of the transaction where each informally agrees with the terms of the other.