ProPerty Part exchange:a new way to sell an old home

TRANSACTED UPON MORE THAN 3,000

PROPERTIES ACROSS THE UK

Quanta PartX is a subsidiary company of Quanta Group, which has expanded heavily since the inception of the first business in the group in 2006. Quanta Group has secured significant levels of funding for the purpose of investing in residential property and land, and has transacted on more than 3,000 properties across the United Kingdom (UK). With a focus on the individual requirements of our clients and a genuine care in managing investments meticulously, we have cemented an outstanding reputation in the UK residential property market.

At Quanta PartX we like to keep things simple and transparent with a focus on our client’s needs. We understand that delays can cause more than just financial problems when selling a property, and that the purchase of a new home is an extremely important event in an individual’s life or the lives of a family.

Through our track record of dealing with both corporate clients and individual home sellers, we have developed a number of key principles which our team follow in order to provide an impeccable service. This includes a no risk guarantee for a sale to be concluded within as little as 7 – 14 days, based upon the availability of secure funding. A quick and efficient legal process has been implemented into our operation, which has been successfully processing property acquisitions since 2006.

7 - 14 Days

our PhilosoPhyWho We are

Property transactions by nature can be complex due to the large number of variables that are included in each deal – there are legal, accounting, sales, marketing and finance implications, which is a non-exhaustive list, and on top of this there is also the issue of human behaviour to consider. Property buyers change their minds, act unexpectedly and can be difficult to manage. This is why our process is simple and effective:

aPPlication ForM & ProVisional oFFerComplete an online application form to allow our team to assess the property and provide a Provisional Offer within 24 hours.

Valuation & researchOur team will organise for two local estate agents to visit the property and provide valuations.

ForMal oFFerFollowing receipt of each valuation, we will provide a Formal Offer according to the results and our own internal research.

solicitor & surVeyUpon accepting the Formal Offer, we will instruct a Royal Institution of Chartered Surveyors (RICS) report (at our own cost) to confirm the property condition, and also instruct solicitors.

coMPletionWith cash funds readily available, we will exchange contracts and complete according to the timeframes agreed as part of the transaction.

There are a number of key benefits that the part exchange model provides with the salient features noted below:

a sale that is guaranteeD Through transacting on more than 3,000 residential properties around the UK, we have developed a risk free model which allows all of our purchase offers to come with a guarantee.

sPeeD oF saleWe are able to complete the purchase of a property within 7 – 14 days through cash funding and no reliance upon raising debt.

cash FunDing Quanta PartX is supported by substantial levels of cash funding held within Quanta Group, which is a private investment company with a strong track record in residential land and property investment in the UK.

a no Fee serViceNo fees are applicable as part of our service. Our only interest in each deal that we process is the margin between the purchase price that we pay and the final sale price we achieve. This means that we carry the risk rather than our clients.

reMoVal oF oBstaclesOne of the key obstacles that prevents people from purchasing their new dream home is the problem of being able to sell their own property. Quanta PartX acquire property in all locations and of any condition – as long as a fair price is agreed, which is reflective of the open market value, then everybody wins.

coMPlete FlexiBilityClients of Quanta PartX enjoy the advantage of being able to access the complete flexibility of our service. We understand that each homebuyer is different and each property has unique characteristics – this is why we do not dictate to our clients but rather find a solution that suits them.

12345

12345

12345

STEP

STEP

STEP

STEP

STEP

BeneFits oF Part exchangehoW Part exchange Works

How can a sale be guaranteed?

The underlying principle of a guaranteed sale is the availability of cash funding. Quanta PartX is a subsidiary company of Quanta Group, and is supported by significant levels of capital.

What happens if the RICS survey results in a lower valuation than the Provisional Offer?

We follow a standard process of using a professional valuation as the definitive piece of information that dictates the final price. Although on many occasions estate agent surveys are reasonably accurate, there are occasions whereby an offer will be changed due to the result of the RICS valuation.

Do you purchase properties that are in poor condition?

Quanta PartX will purchase any property in any location, despite the condition.

What happens if the Provisional Offer or Final Offer is not accepted?

We do not tie our customers in to sales and there is no obligation to sell a property to us until there is an exchange of contracts, which will of course only follow once a price has been agreed by both sides. Our team will however always provide evidence to support the price being offered. From our experience, our prices offered are fair and most often allow our customers to buy their new dream home.

How long does the sale process take?

Quanta PartX can complete the purchase of a property in 7 – 14 days.

Is there a minimum or maximum price that you will pay for a property?

There is no minimum but the maximum purchase price that we will offer on is £500,000. Exceptions are occasionally made for higher value properties in London.

Does the property being sold need to have a value above the new home being purchased?

No – we offer flexibility with our service and can assist with most requests which means that the original property can be higher, lower or the same price as the new home.

Are there any fees applicable to the part exchange process?

No - all fees are covered by Quanta PartX.

How is it possible for this to work if there are no fees payable?

We only get paid when the property that we have agreed to buy resells on the open market. This is a risk that we take and we accept that some properties sell for more than others and some quicker than others.

What percentage of the market value of the property is offered?

Each case that we deal with is different and as such, we assess each property on its own merits and characteristics. This allows us to take on all property types in any location, so means that we can make offers in almost any situation.

How is it possible to know what is happening as the sale progresses?

The sales progression team at Quanta PartX always keep our clients updated – we pride ourselves on providing a transparent and efficient service.

FaQ’s

andre WieseBusiness Development Manager Andre has been in the property industry for over 25 years and his experience spans across several countries including the UK, US, and South Africa. He has gained an expertise in marketing and sales on residential development projects of significant size, and has also sat on the board of a property company listed on the Johannesburg Stock Exchange.

When not growing our part exchange business, Andre spends his time with family and playing a round of golf when he gets the chance.

Disclaimer: This document has been produced for informational purposes only and all information contained within is subject to change and cannot be relied upon as fact. The contents of this document are not intended to be, and should under no circumstances be treated by any recipient as being, investment, tax or legal advice. It is the responsibility of the individual reading this document to make their own investigation and evaluation of pursuing any product or service offered.

Quanta Partx Chester HouseFulham Green81 – 83 Fulham High StreetFulhamSW6 3JA

tel: 0203 728 6480 Fax: 0207 160 9333email: enquiries@quantapartx.co.ukWeb: www.quantapartx.co.uk

contact us

ProPerty Part exchange:a new way to sell an old home