How does Part Exchange work?

If you already own a property and you’re looking to move into an energy-efficient new home with Gleeson, Part Exchange* can make the whole process easier to manage.

Instead of selling your current home on the open market and waiting for a buyer, we can buy it directly from you, taking much of the stress out of moving house.

With Part Exchange, you can sell your home to us, so that you can move into your new home sooner and with less hassle. We’ll arrange at least two independent valuations on your existing property and offer you fair value for your current home. 

It’s designed for homeowners who are looking for an easy route to moving house, without having to list their property with an estate agent, host viewings or wait for a buyer's solicitor.

We keep the process of part exchanging your current home simple and easy to follow, and we offer support at each stage.
 

Step one: Choosing your new Gleeson home

Once you’ve found the Gleeson home you’d like to buy, the sales team will check if your current property is eligible for Part Exchange. Most homes are considered, as long as they meet certain criteria, including value and condition.

Your Sales Executive will talk this through with you early on in the process, so you know where you stand before committing.
 

Step two: Valuing your current home

We will arrange for independent estate agents to value your existing property. These will be local estate agents with knowledge of the area, which helps to ensure the value of your home reflects the current market conditions. Using these valuations, we will then make you a Part Exchange offer.
 

Step three: Receiving your Part Exchange offer

The offer we make will be based on fair market value and give you a clear figure to work with. If you’re happy, you can accept and move forward. If not, there’s no pressure to continue, and you can explore other options instead.

Once accepted, Gleeson becomes your guaranteed buyer, removing the need to find someone else to buy your existing property. 
 

Step four: Sorting the legal side

After the offer has been agreed, solicitors will handle both the sale of your current home and the purchase of your new home at the same time. And because there’s no chain involved, this part of the home buying process is usually more predictable and easier to plan around.

If you proceed to completion, Gleeson will cover the estate agent’s fees for the marketing of the property. However, you will be responsible for your legal fees and the cost of obtaining an EPC certificate, if your property doesn’t have one.
 

Step five: Moving into your new home

On completion day, you’ll just need to hand over your old keys and move into your new Gleeson home.

The value of your existing property is deducted from the price you pay, with the remaining balance covered by your mortgage or savings.

If you’re looking to Part Exchange your home and move into a new Gleeson property, this new home buying scheme offers a simpler route without having to list your home for sale.

Get in touch with our sales team here to best understand how this new home buying scheme could work for your situation and help you decide if it fits your plans   

*Terms and conditions apply, find out more about Part Exchange here.