Assured sale

Assured sale

Secure buying for current homeowners

Want to buy a home with us but still have a property to sell? Available on selected developments and plots, our assured sale service could be just what you’re looking for.*

*Assured Sale is available on selected developments and plots.

What is assured sale?

Assured sale removes the risk of entering into a legally binding agreement to purchase our property, before a sale on your current property is guaranteed.

How does it work?

While we are building your new property, assured sale allows you to market your current property through the local agents, which will hopefully result in a sale on the open market.

If you don’t achieve a sale four weeks prior to your move-in date, we will agree to purchase your current property from you as a part-exchange. The price for this will be agreed with you at the outset.

What are the benefits?

  • You have the opportunity to secure a sale on the open market, but the assurance of a legally agreed offer should you need it

  • We will pay for your Home Report

  • You can move ahead with the purchase of your new home without having to worry about the sale of your dependant property

How can I be sure I’ll be offered a fair price on my current property?

We make sure our prices are fair through two independent valuations from local estate agents, and subject to a satisfactory Home Report from a chartered surveyor.

Will I qualify?

Yes, if you meet the following criteria:

 

  • Your current property value must be at least 30% lower than the price of your chosen Westpoint Homes property
  • Westpoint Homes will only offer the assured sale service on plots that will not be completed for at least four months.
  • Westpoint Homes will not offer on properties that are either listed or more than 100 years old
  • Westpoint Homes will only offer on properties that are within reasonable travel distance of their office or development
  • Westpoint Homes will only offer on properties once they are satisfied with the agent’s values and the Home report.

How do I get started?

If the assured sale is agreed, you can reserve your chosen Westpoint Homes property at the fixed price and pay the reservation fee. If for whatever reason we can’t agree the assured sale, this reservation fee will be refunded.

The valuation
We will appoint two local estate agents to carry out valuations on your property. Then, a Westpoint Homes representative will visit you to inspect the property and discuss taking the assured sale service forward, if your property is suitable.

The Home Report
We will fund a local surveyor to carry out a Home report. Once that’s completed and we have agreed on a price for the purchase of the property, the non-refundable reservation fee will be deducted from the final balance of your new home. If you choose to cancel your reservation at this point, only 50% of your fee will be refundable.

The assured sale missive
Our solicitors will issue an assured sale missive to your solicitor. You will have 14 days to conclude, and a further deposit of 2.5% of the purchase price will be payable to your solicitor.

The sale
You can now put your current property on the market, safe in the knowledge that if you don’t sell it within four weeks of your Westpoint Homes move-in date, we will buy it from you at the agreed part exchange price. Simple!

Please note: If you use our part exchange service, we will reserve the right to retain a fee at settlement to be set against any remedial works that may be required on your current property after you exit. The property will be inspected within 10 days of your exit date, at which time all or part of the balance will be returned.
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