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.
“It’s great to have a company that you can work alongside, that take all of the pressure away, while still allowing you to gain a good fee.”
EweMove is a national Residential Sales and Letting Agent, with over 170 branches across the UK and voted ‘UK’s Most Trusted Agent’ from 2015 – 2022. We caught up with Edd Taylor, Director of EweMove Dartford and Greenhithe, to understand how working with iamproperty has supported his business in staying competitive and being able to provide more choice to vendors.
“I would definitely recommend iamproperty auction to vendors. Working as a residential sales expert I do everything I can within my field and within my expertise to support vendors, but auction just isn’t within my area of expertise.
“Because of this it’s great to have a company that you can work alongside, that take all of the pressure away, while still allowing you to gain a good fee. The team regularly recommend iamproperty’s auction service to vendors, which works well for all parties.
“iamproperty’s auction solution provides you with another option to present to vendors, which is key to avoid losing business. In the current climate nobody wants to lose a sale, and so if you do have that alternative method of sale to offer vendors, why not use it.”
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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