Reservation Fee Cashback
A new service which reduces the risk of a buyer withdrawing from a property sale
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Benefits to Buyer
Legal Packs are ordered up front, enabling buyers to make an informed offer with confidence, and without waiting for solicitors
Committed vendor – Sellers are also committed to meeting the agreed time scale, and are legally prepared in advance.
Improve chances of buyer’s offer being accepted, as it shows their motivation and that their offer is genuine.
Once Buyers and Sellers have agreed a sale, the property is marked as SSTC immediately, and both have the security of an agreed price and timescale to work to.
There is a fixed timescale for exchange that is agreed with the vendor and forms part of the reservation form.
Benefits to Seller
- 1 Legal Pack
- 2 Chartered Surveyor
- 3 Reduces Withdrawal
- 4 Secure a Buyer
- 5 Negotiating Power
- 6 Confirmed Dates
- 7 No Cost To You
Free Legal Pack* containing:
- title check
- local authority search
- environmental search
- drainage and water search
This ensures potential purchasers have all the information required in order to make an offer and pay the buyers premium. Saves time as searches are ordered upon instruction. *terms and conditions apply
A RICS Accredited Chartered Surveyor provides a desktop recommendation on the marketing strategy for each property. This is the same type of surveyor that would conduct a mortgage valuation or building survey, and has access to a wealth of information.
Buyer is financially committed to the purchase from the moment an offer is agreed, and will be far more motivated to purchase in the agreed timescale, and at the agreed price.
Peace of mind
Purchaser pays a non refundable Buyers Premium upon acceptance of the offer. This shows the buyer is committed and avoids time wasters.
The certainty the buyers premium creates enables the vendor to be in a strong position to negotiate their onward purchase and secure a good deal for themselves.
Having confirmed dates means Sellers can start to make plans for moving into their new home sooner, and shop around for the best deals on things like internet providers or satellite TV.
These services are provided free of charge. Terms and conditions apply
Benefits to Agent
There are countless reasons why our service is better than the rest, but here you can learn about why we’re different.
1. Marketing Advantage
This unique service gives you, the Agent, a competitive advantage when speaking to vendors about listing their property.
2. Legal
Searches
The Legal Pack is ordered up front at no cost to the vendor* to expedite the conveyancing and prevent unexpected delays later in the process. The pack includes the Register of Title, Title Plan, Environmental Search, Drainage and Water Search and Local Search. The same solicitor that supplies the pack will be able to act on the sale too.
*terms and conditions apply
3. Electronic Contract
GOTO arrange over the phone for an electronic contract to be signed. Each vendor will speak to our dedicated Reservation Fee Option Advisers who will explain the process including the terms and conditions of the contract before sending it over for an electronic signature. Properties can be updated the same day and the vendor can sign instantly form literally anywhere.
4. Reduced Fall Through Rates
As the legal pack is provided up front, the buyer is less likely to pull out due to unexpected search results. The buyer also makes a financial commitment upfront and all parties agree to a timescale so transactions are less likely to fall through and both Buyers and Sellers both have the confidence to proceed.
5. Negotiations Team
Our dedicated Reservation Fee Option team can deal with the negotiations between the buyer and seller, giving the Agent more time to keep in touch with other clients and take on new business. This optional service means that a team of extremely experienced industry professionals can work on your behalf to agree the best possible sale for your client.
6. Increase
Efficiency
GOTO Reservation Fee Option will give you the time to take on new business and reduce fall through rates.
7. Zero
Cost
The extra security Reservation Fee Option brings is free of charge to both the Agent and Vendor*
*terms and conditions apply
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