Guaranteed Purchase Plan

HomeGuaranteed Purchase Plan

With our Guaranteed Purchase Plan we can help you find a buyer for your existing property within 12 weeks and at a price agreed with you.

Sadly, selling your existing home can be more difficult in todays market place. However, with our Guaranteed Purchase Plan we can help facilitate the early sale of your current property and at a realistic price. Once a selling price is agreed with you, your property can be marketed through selected estate agent(s) with the knowledge that even if a realistic offer¹ is received below the agreed selling price, you can still accept that offer because McCarthy & Stone will guarantee to make up the shortfall between the offer and the agreed selling price for an initial period of 12 weeks.

Q How is the guaranteed selling price for your property established?
A In conjunction with you, we will select two local estate agents from our approved list of estate agents.

The estate agents will be asked to carry out a valuation of your property and arrive at a price designed to stand a chance of getting your property under offer within six weeks.

Once the two valuations are received, an average valuation price will be agreed with you and this will become the agreed selling price. You will receive written confirmation of this. McCarthy & Stone will guarantee that you will achieve this sum from the sale of your property provided it is sold within 12 weeks (the initial sales period).

The agreed selling price is held for 12 weeks (the initial sale period) after which time it will be subject to review in accordance with prevailing market conditions. Your property can now be marketed for sale with the knowledge that you will receive the agreed selling price on your property. This will enable you to plan ahead and budget for the purchase of your new McCarthy & Stone apartment.

Q Will I have to pay any Estate Agents fees?
A No. McCarthy & Stone’s Home Sales Service will operate in conjunction with the Guaranteed Purchase Plan which means McCarthy & Stone Sales Consultants will continue to actively monitor the sale of your property to help ensure the sale goes through smoothly and of course we will pay the Estate Agent’s fees on your behalf.

Q What happens in the initial sale period if the property is not attracting any viewings?
A A decision can be taken after consultation with you, to reduce the asking price. This will not affect the amount of money you will receive for your property as McCarthy & Stone guarantee to make up the shortfall between any realistic offer and the previously agreed selling price for the initial period of 12 weeks.

Q What happens after the 12 week initial sale period has expired and no realistic offers have been received?
A At no cost to you McCarthy & Stone will arrange for the original estate agents to carry out a formal review of the prevailing property market conditions². You will be kept fully informed of the outcome and we will work with you to revise the agreed selling price for your property to ensure your property continues to be marketed at the optimum price to ensure an early sale.

Terms and Conditions

¹A realistic offer is determined after consultation with the estate agent marketing the property and consideration of the prevailing local property market conditions.

²McCarthy & Stone will pay for this market review.

*Guaranteed Purchase Plan not available on dependent properties over £350,000. McCarthy & Stone’s standard terms and conditions apply.