Downsizing? Consider Property Swap
At strategic times in the market, releasing capital from your
property is a great option. If you have an interest in doing so, or
downsizing to a smaller property, then Farrell Heyworth’s Property
Swap is exactly what you’re looking for.
Our aim is to create a market within the market that allows you
to “trade-in” your property for a smaller estate. In doing so, the
amount of equity or capital from your larger property is given to
you in a single sum.
Your home is obviously one of your greatest investments and our
goal is to allow you to exchange or swap it for another. In doing
so, you maintain the capital that you have built up and are able to
set yourself up with a lower cost property moving forward. This
“chain” design makes it possible to purchase homes at a rate that
gradually moves you up the estate ladder. Ultimately, it can be a
key cog in the acquisition of your dream home.
Farrell Heyworth has explored this concept for years and after
plenty of research and system design, we believe that we have it
perfected. The house exchange, or house swap, isn’t just for those
that want to get a smaller or larger property. In many cases, a
simple change is needed, which is why two clients will have an
interest in similarly priced properties owned by the other. In this
case, they’ll simply make a “flat exchange” with any excess capital
being paid to the partner with the higher property value. This
situation has led to many getting their ideal property without
hassle or extensive haggling.
There are two types of property swap:
- the one-for-one Swap, where just two vendors are interested in
each other's property.
- the chain swap, shown in the image below, is more usual. A
chain a swap occurs where the vendor at the top of the chain
purchases property from the vendor at the bottom of a chain. This
allows the vendor at the bottom of the chain to purchase their
desired property, and so on, until your property is also sold. This
also releases the spare equity in your property.
What makes Farrell Heyworth’s Property Swap work? The secret is
in our client base. This type of system will only succeed if an
agency has thousands of properties in its listings at any given
time. You are able to search through the various listings, find
something that’s to your liking, and begin discussing a swap. If
you’re looking to get into something smaller because the kids have
finally moved out, then you’ll get all of the capital that
you’ve built up throughout your ownership period and get the
perfect location for your new home.
When it comes to downsizing, Farrell Heyworth is the place to
look. We strive to offer the best customer service and give the
best information available. Market volatility is much easier to
navigate when you have experts that are on your side. We always
take great care in valuing property, and once transactions are
completed, all parties are satisfied. It’s the reason that we’ve
been in business for over 20 years, and have plans to be around
for a long, long time.
Farrell Heyworth Property Swap is a simple idea to enable your
dream move. For further details, or to join our Property
Swap programme, contact your local Farrell Heyworth branch.