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.
“We love working with iamproperty because they make auction fun. They’ll get the whole team involved in watching the clock go down and the final bids coming in and celebrate with us when we get a really good price for our vendors.”
Hunters Estate Agents is one of the largest independent networks of sales & lettings agents in the UK. We spoke with Sam Lakin, Director at Hunters Estate Agents in Bridlington, Filey, and Scarborough, to find out what he loves about working with us and our Auction service.
“Working with iamproperty helps cash flow across our business as the speed of transactions is much quicker. Their auction service also offers another option for our customers if they’re looking for a quick sale.
“Our experience of working with iamproperty is a very positive one. They are experts in their field and they’re always there at the end of the phone to deal with any questions or queries we have.
“We love working with iamproperty because they actually make auction fun. They’ll get the whole team involved in watching the clock go down and the final bids coming in and celebrate with us when we get a really good price for our vendors.
“One of the standout successes we’ve had since working with iamproperty is a property in Bridlington which was on the market via Private Treaty, and it fell through twice. We suggested trying Auction to the vendor and we managed to sell it in a good time and achieve a higher price than it was originally on for via Private Treaty. A brilliant result for us and the seller.”
“Working with iamproperty helps us to make more money for our business because the average fees are much higher, and we get paid a lot quicker. I’d recommend getting in touch with iamproperty as it gives Estate Agents another option to offer customers and for clients looking for a quick sale, it’s another feather to our cap.”
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.
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