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Part Exchange: Everything You Need to Know

The Bloor Homes Part Exchange scheme is a great option for existing homeowners who are hoping to sell their property quickly, so they can move into a new home. Selling your old home through the scheme can save you a lot of time and money. Instead of putting your property on the market, we’ll be your buyer, making the whole process much easier and shorter, so you can get on with moving into your new home.

What is Part Exchange?

It’s a term used to describe the method of using something you own as part of the payment for another, usually more expensive, item. Part Exchange is available on a range of things, such as cars and new build homes.

If you’re hoping to Part Exchange your home for a new one, you’re in the right place. The Bloor Homes scheme is here to make it easier than ever to sell your old home, so you can move into a brand new one.

How does Part Exchange work?

If you like the sound of new build Part Exchange, but don’t know how it works for homes, it’s simple. To help you understand the process, we’ve separated it into the following steps:

  • Step 1: Find your dream home

Visit one of our participating new build developments to find your perfect home. Then, speak to our helpful team to find out more about your Part Exchange options.

  • Step 2: Valuation time

To make sure you’re offered a fair price for your old home, we’ll arrange for at least two local estate agents to perform an independent valuation. If you’ve already entered into an agreement with an estate agent, just let us know.

  • Step 3: We’ll make you an offer

Based on the valuations, we’ll make you an offer for your old home. This usually happens within 48 hours, so you won’t be waiting around for long.

  • Step 4: Reserve your new home

If you’re happy with our offer and have accepted it, you’ll then be able to reserve your new home by paying a small fee of £750.

  • Step 5: Finalising the details

It’s almost time to move into your new home – and we’ll be there with you every step of the way. We’ll even help you to choose a solicitor and independent financial adviser to ensure the purchase of your new home runs as smoothly as possible.

In the meantime, we’ll be busy getting your new build home ready, providing you with regular updates as and when you need them. All you’ll need to do is sit back, relax and enjoy the experience.

Why choose Part Exchange?

If you’ve never been through the process of buying a home through Part Exchange, it can seem daunting. That’s why we’re here to help put your mind at ease. Of course, whether or not house Part Exchange is a good idea for you depends on your circumstances, but there are definitely more than a few benefits. Here are a few of our top picks.

  1. No more waiting around

Finding a buyer for your house can be a long, tiring process. However, when you Part Exchange your home for a new home, the timescales are much, much shorter. As soon as you find your perfect new build home and have accepted our offer for your existing property, you’ll be able to reserve your home, getting the whole process started straight away. No need to wait for a buyer first.

  1. No time wasters

As soon as the valuations are complete, we’ll make you a fair and guaranteed offer for your home. No more rejecting low offers from time wasters. No more haggling with hopeful homebuyers.

  1. No chain, less risks

One of the main benefits of buying a new build home through Part Exchange is that there’s no onward chain – you won’t need to worry about buyers pulling out or agreeing to completion dates. It’s just you and the team at Bloor Homes working together. Simple, fast and seamless.

  1. Whenever you’re ready

As soon as it’s ready, you’ll be able to move straight into your new home whenever you’re ready. As a new build home, everything will be immaculate, which means you can move straight in and start living the dream. If your old home sells whilst in occupation, we’ll even pay you an early sale bonus.

Interested in buying a new build home through Part Exchange?

Great. Let’s get things moving.

To start the process, you’ll need to book an appointment with a member of our sales team. They’ll be on standby, ready to talk you through the home Part Exchange process. During this time, feel free to ask as many questions as you like. We’re here to help.

Or, you can get in touch with us by calling 01530 270 100 or by sending an email to hq@bloorhomes.com.

*Available on selected plots and cannot be used in conjunction with any other offer. The Bloor Homes ‘Part Exchange Scheme’ is subject to our purchasing criteria and may be withdrawn at any time.