McEwan Fraser operate our part-exchange scheme for selected national house builders.
How does your part-exchange option work if I am looking to buy?
McEwan Fraser Legal will refer you to McEwan Fraser Investments, which operates independently from McEwan Fraser Legal. If your property meets McEwan Fraser Investments' buying criteria, you will be assured of a guaranteed cash offer for your own property, thus allowing you to make an offer for any property on our site safe in the knowledge, if successful, that McEwan Fraser Investments will buy your property with an entry date that meets your own personal circumstances.
For avoidance of doubt the part-exchange option does not mean that our clients who are selling their properties are looking to exchange or swap their properties with yours.
How does your part-exchange option work if I am looking to sell?
Anyone looking to buy your house who has not yet sold has the option to accept a cash offer from McEwan Fraser Investments, allowing them to sell their property direct to McEwan Fraser Investments and in turn releasing the funds for the buyer to enable them to purchase your property.
This unique initiative makes your property significantly more attractive and of huge interest to buyers who have yet to sell their own property or are struggling to sell their property. When prospective buyers are keen to purchase your property they are far more likely to make an offer if they know that they have a guaranteed offer on their own house.
This simply means that McEwan Fraser Legal should help you achieve maximum interest in your property, and makes your house hugely attractive to buyers who may only be thinking of moving and who are struggling to sell their own property.
Do not underestimate how powerful this part-exchange marketing strategy is for prospective buyers, and it is one of the reasons why we are Scotland's fastest growing estate agents.
Many sellers who have had their property on the market with other estate agents for many months have changed to McEwan Fraser Legal and literally sold their property in a matter of a few weeks through our unique Part-exchange option. See Success Stories.
If I am selling my house what does it cost to use your part-exchange option?
The part-exchange option does not cost you anything. Our normal estate agency fees only apply if we are successful in achieving a sale of your property.
Does McEwan Fraser Investments need to view my property before they make me a formal offer?
McEwan Fraser Investments would normally need to view your house before they make you a formal offer, however time can be saved if you are able to provide an accurate estimate of the price you are seeking for your property. Please note that the more realistic you are with your price expectations, the more likely that Part-Exchange will work for you.
Please also note it will be unlikely that McEwan Fraser Investments will offer you the full market value for your property and you should always seek independent legal advice before accepting any offer for your property.
McEwan Fraser Investments will always work hard to achieve a "price to change" that can work for both the buyer and the seller. At the end of the day what is more important to most people is the "cost to change" properties rather than the sale's price you actually achieve for your own property.
What do you actually mean by "cost to change"?
Let's say your property has a home report value of £100k and the property you are looking to buy has a home report value of £150k. Let's assume you achieve the full home report value for your own house and you paid the full home report value for the property you are looking to buy. So the cost to change to the next property is £50k (£150k-£100k).
Let's assume you only achieved £85k for your property through selling it to McEwan Fraser Investments and the seller of the property at £150k agreed to take £135k. Therefore the "cost to change" is still the same £50k.
Please note: The figures in the above example are for illustration only and do not necessarily represent what you may or may not be offered for your property.
What will McEwan Fraser Investments' offer for my property be based upon?
Firstly, it would be beneficial if your property has had an independent valuation so you are fully aware of your property's true market value. Any offer made by McEwan Fraser Investments for your property will vary depending upon the location, size, value and condition. You can contact McEwan Fraser Investments for full details by completing the online form below.
Does McEwan Fraser Investments make an offer for every property?
No, they do not offer on every property as certain properties may be unsuitable to McEwan Fraser Investments. The most common reasons for an agreement not being reached include price differential, structural defects, mortgage unsuitability, we don't buy in your area, your property may have limited buyer appeal and our seller may have considerable other interest in their property from cash buyers.
Why do more estate agents not offer Part-Exchange
The simple reason is money and expertise. McEwan Fraser investments have literally bought and sold over £100 million* worth of property through our private equity funds and strategic investment partnerships. We have helped thousands of buyers and sellers move home which no other estate agent has their business set up to offer this innovative solution to buyers and sellers. McEwan Fraser investments have recruited an experienced investment team with the necessary skills to operate in this highly specialised market and only work exclusively with McEwan Fraser legal.
Note: McEwan Fraser Investments is a trading name of McEwan Fraser LLP and operates independently from McEwan Fraser Legal. Sellers should always seek independent legal advice before accepting any offers for their property.
*Source Whitelaw Wells Chartered Accountants
Why do some agents try to discredit our Part-Exchange option?
You usually find it's only the weakest Estate Agents - those who are only able to entice sellers with low fees and no upfront costs - who try their hardest to discredit our Part-Exchange scheme as they are short of professional selling skills to actually promote their own business. Here is what one company says on their website which is indirectly targeted at McEwan Fraser: "In relation to private companies offering part exchange schemes, we would advise anyone to be very wary. Such schemes will offer you up to 30% less than market value".
Credible, professional estate agents concentrate on selling the benefits of their own organisation. They secretly admire the innovation and success of our part-exchange scheme and most understand our Part-Exchange scheme is not all about a buyer getting 30% less for their property. We take it as a back-handed compliment that bucket shop competitors go to such lengths to try and discredit what we do.
The people who really matter to us are all the clients who we have helped move home though our part exchange option, see our Success Stories and all the judges who have looked closely at our business model and voted McEwan Fraser Legal - The Best Estate Agent in Scotland.
I don't want to waste my time viewing a property where any offer for my property may not work for me
We can understand why some people might raise this as a legitimate objection. Unfortunately every Part-Exchange situation is entirely different and for Part-Exchange to work successfully it normally involves flexibility between the buyer and seller as well as McEwan Fraser Investments.
So it is not a simple as saying MFI can offer "X amount for your property" as the most important consideration for most people is the actual "cost to change" from your property to the next. Also it is a time consuming process for MFI to value your property when you have not decided if the Part-Exchange property you are interested in, actually meets your requirements.
So to allow us to properly deal with your Part-Exchange enquiry, we need you to complete our online form below to assess your eligibility for Part-Exchange. Just because the numbers don't work for Part-Exchange in one particular property, it does not necessarily mean Part-Exchange will not work for you in another property.
I am very interested in a Part-Exchange property you have advertised - what do I have to do next?
Due to the volume of enquiries we receive for our Part-Exchange option, we would be grateful if you could follow the guidelines below:
- Fully understand how our Part-Exchange process works by taking the time to read the information above and by watching our Part-Exchange video on this page.
- We would recommend that it is advisable to view the property that you are interested in, however we do appreciate that you may not wish to do this until you know if our Part-Exchange option can work for your particular financial circumstances. So please help us by completing our online form below which will allow one of our experienced Part-Exchange consultants to review your details and to decide whether Part-Exchange can work for the property that you are interested in based upon the information you have provided.
- Once we receive your fully completed Part-Exchange enquiry form, a member of the Part-Exchange team will endeavour to get back to you within three working days to hopefully take matters to the next stage.
Enquire about the property Part-Exchange option
Please complete the form below with details of your own property that you may wish to part-exchange. Please note that the information in this form will be kept totally confidential and completion of the form is without any obligation or commitment on your part.