Property consultancy firms CKD Galbraith and PXS Properties have joined forces to ease vendor issues with selling properties through the country’s part-exchange scheme by forming the Quick Sale Solution Scheme (QSSS). The QSSS acts as a kind of “chain break facility” that is designed to allow sellers to sell homes through vendors before having committed to the purchase of another home on the market. The process is expected to appeal to sellers who want to sell but have reservations about entering the conventional market. The process is expected to give sellers access to more sale options and a route to achieve the quickest possible sale, according to experts familiar with the new program. For more on this continue reading the following article from Property Wire.
Home owners and developers in Scotland requiring a swift sale of their properties now have a new route to finding a buyer as a result of a new alliance between independent property consultancy, CKD Galbraith, and PXS Properties.
Recognising the continuing constraints faced by vendors attempting to conclude a sale of their property, the firms have come together to launch the Quick Sale Solution Scheme (QSSS).
The exclusive arrangement will provide what is described as a chain break facility for sellers struggling to sell their property via the conventional route, allowing a vendor to sell a property quickly and with certainty without the tie in of having to purchase a new home from a house builder, typical of the more conventional part exchange route.
CKD Galbraith forecasts the scheme will be of particular interest to vendors who may have seen a sale fall through at a late stage or those who have experienced limited interest in their property via a traditional market listing. Equally the scheme may be of interest to those who wish to sell but who have no desire to try the open market route in the current difficult conditions.
PXS was established in 1996 and is based in London, specialising in the purchase and sale of residential properties across Scotland and the rest of the UK. The company acts as the buyer, and subject to detailed analysis and appraisal, would typically look to purchase at a figure below market value, depending on the property in question. On average PXS buy and sell one property each working day. Once a sale is agreed, PXS then aim to resell the property immediately.
‘CKD Galbraith is introducing a number of exciting initiatives for 2012 that we believe will help to stimulate the market and assist our clients in the process of selling and moving home,’ said George Lorimer, of CKD Galbraith’s Cupar office.
‘The link up with PXS will provide another innovative tool for sellers who want to quicken the process of selling their home. This may be because the seller has already agreed on the purchase of a new home or simply because they don’t want to wait for the market to dictate the timescale of the sale,’ he explained.
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‘In doing so, it gives options to the seller through a trusted consultancy, CKD Galbraith. It won’t work for all sellers of course but we are on hand to provide the best possible advice to those considering whether it would be a suitable route to achieve the quickest possible sale,’ he added.
Adrian Jones of PXS Properties said that the scheme will help their existing and future clients to be able to move forward with certainty and not have to keep putting their life on hold because their property no longer suits their needs.
This article was republished with permission from Property Wire.