Secure your move with our new reservation agreement

July 28, 2022

Secure your move with Mackenzie Smith’s new reservation agreement, for a simple, safe, and speedy sale, meaning you can move with confidence.

We’re pleased to introduce the option of our new reservation agreements. Tailor-made to your individual needs, it offers a secure process, agreed with sellers and buyers before the exchange begins.

Features

You can take advantage of a range of benefits, including;

  • Faster completion of your sale or purchase
  • Prevention of the other party breaking the deal
  • Additional conditions attached to the exchange, including ones of your choice
  • In-line with Government Guidelines
  • Legally binding

Smooth, simple process

The process is simple. If you’re the seller, we’ll provide you with a digital form pack to complete, covering all the information required. You can add any extra documents you’d like, relating to planning permission, building regulations completion, and more.

Based on the information provided, the buyer then makes an offer. Once agreed, all the information is then directly passed on to solicitors and/or conveyancers, saving potentially weeks to speed up the sale.

Whilst there may be an occasional challenge, all parties involved should then enjoy plain sailing, right through to the end of the exchange process.

The finances

The cost of reservation can be divided between the buyer and seller or purchased by one or the other. If you’re the seller, you can request the buyer pay the reservation fee, and then refund them upon completion.

You can rest assured in the knowledge that in the unlikely event of a transgression, you’ll receive compensation. With no limit to the amount of cover provided, the guarantee you receive depends on the choice in cover, which should reflect the value of the property.

If you’re considering selling your property and would like to find out how our reservation agreements can work for you, please contact your local agent, below.

Aldershot (01252) 983730, aldershot@mackenziesmith.co.uk
Ash Vale (01252) 353030, ashvale@mackenziesmith.co.uk
Farnborough (01252) 375999, farnborough@mackenziesmith.co.uk
Fleet (01252) 812121, fleet@mackenziesmith.co.uk
Hartley Wintney (01252) 844015, hartleywintney@mackenziesmith.co.uk
Hook (01256) 764666, hook@mackenziesmith.co.uk
Yateley (01252) 597900, yateley@mackenziesmith.co.uk

Sources:
https://www.gov.uk/government/publications/how-to-sell-a-home
https://www.gov.uk/government/publications/how-to-buy-a-home

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