We are in the process of part exchanging our home with Harron homes. Upto now we have no issues. The house is beautiful (I love it - its our forever home). The process has been smooth. However, the house has been down valued by 25k. It is the first phase of the development and i feel sure that in time the house would increase in value. My brother is a chartered financial advisor with a background in mortgages and new builds up until about 10 years ago. He gives me excellent advice. We have decided we can contribute a small amount but feel that if down valued again, the purchase would be too risky. We have a large deposit and I am not prepared to risk eating into that.
But what I want to know is - what are people experiences in these situations. Have they found developers to come down in price without much hassle? We have a really good incentive package off them and we don't have much room to go with that.
We are able to chip in a little bit extra but we have drawn our line. We have agreed to a second survey after much thought (although I appreciate we may have done ourselves an injustice if it comes back at sale price).
Has anyone been in this situation and how has it panned out. Even better has it been with Harron homes :)