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.
In Q3, we achieved our best-performing quarter in 15 years. Our Partner Agent network sold nearly half a billion pounds’ worth of property through our Auction platform, with a 15% increase in Capital Value compared to the previous quarter. September was a standout month, with over 1,000 properties sold for the first time, contributing to a 23% rise in fees paid to Partner Agents compared to Q3 of last year.
In an article for Estate Agent Today, our Co-Founder Jamie Cooke discusses how the continued growth of Auction is empowering agents to offer faster, more secure, and digital-first transactions to their clients.
Read the full article here.
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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