Part Exchange Plus is available on selected plots and developments only and is subject to terms and conditions. You must enter into an Agreement with Story Homes concerning the sale of your existing property, which will take effect for a specified period of time. A sample of our Agreement can be obtained from your Sales Executive. Under the Agreement terms you agree to Story Homes nominating its own estate agents who will market and sell your existing property. You agree you will have no control over which estate agents Story Homes instruct, or the terms of the appointment. Story Homes will pay the estate agent’s commission for marketing and selling your existing property up to the value of £2,500 plus VAT, provided you complete the purchase of a new Story plot. You agree not to instruct another estate agent to sell your existing property until our Agreement has ended, that no party is currently negotiating to purchase your existing property and that no introduction has already been made by another party.
You will be responsible for dis-instructing your existing estate agent and for meeting any abortive costs or dual agency fees that may become due to your existing agent as a result of this under the terms of your agreement with them. You agree to allow reasonable access to your existing property for viewings and survey purposes and to co-operate fully with Story Homes estate agents in their endeavours to market and sell your existing property.
If no acceptable offer is received within the time period set out in the Agreement (usually 4-6 weeks from the start of marketing), Story Homes reserve the right to review the sale price of your existing property and the Agreement terms.
Once a purchaser is found, if for any reason you withdraw from purchasing a new Story plot and proceed to sell your existing property within 6 months to a purchaser introduced by Story Homes or its estate agents, a commission will be payable to Story Homes of 1.5% plus VAT of the sale price achieved. You will also be wholly responsible for the estate agent’s commission.
If after 10 weeks of marketing your existing property no acceptable offer is received, Story Homes may offer to Part Exchange your property. In these circumstances the terms and conditions relating to our Part Exchange scheme will apply and are available to view here.