Exploring Buyer Reservation Deposits
In a standard auction sale, buyers must pay a Reservation Fee upfront. In some circumstances, it creates a financial hurdle that may prevent the purchase from proceeding.
Property auctions are on the rise: Our Q2 sales jumped 9% quarter-on-quarter, with vendors raising a record £540 million in Capital Value, and Partner Agents selling over £1 billion so far this year.
As Private Treaty sales now take over 200 days to complete, more homeowners and estate agents are turning to Auction for speed and certainty. Early Q3 data shows record-breaking daily run rates for new instructions, highlighting the growing momentum.
Read what iamproperty Co-Founder Jamie Cooke has to say in Property Soup about how this market shift is opening new opportunities for Estate Agents.
In a standard auction sale, buyers must pay a Reservation Fee upfront. In some circumstances, it creates a financial hurdle that may prevent the purchase from proceeding.
Conditional Auction, also known as The Modern Method of Auction (MMoA) offers a flexible, transparent, and secure alternative to Private Treaty, MMoA is growing in popularity.
Find out how Premium Conveyancing has supported EweMove Newmarket and Soham, by speeding up transactions, helping them win more instructions and get paid faster
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