Secure Your House Sale or Purchase with Gazeal Reservation Agreements
Buying or selling a house is one of the biggest financial transactions most of us will ever make, and let’s face it, the process can be a bit nerve-wracking.. That’s where Gazeal Reservation Agreements come in, offering a way to secure your house sale or purchase and give you peace of mind.
Buying or selling a house is one of the biggest financial transactions most of us will ever make, and let’s face it, the process can be a bit nerve-wracking. Whether you're a buyer dreaming of your new home or a seller ready to move on, you want the process to be as smooth and stress-free as possible. That’s where Gazeal Reservation Agreements come in, offering a way to secure your house sale or purchase and give you peace of mind.
What is a Gazeal Reservation Agreement?
Simply put, a Gazeal Reservation Agreement is a legal contract that locks in both parties (the buyer and the seller) to a property sale. It’s a bit like putting a ring on it—an official commitment that significantly reduces the risk of either party pulling out without good reason. If either side does decide to back out, there are financial penalties involved, which means both parties are much more likely to see the transaction through to completion.
At Harrisons, we’re proud to be the only estate agent in Sittingbourne and Faversham using these agreements. And guess what? We’ve got a whopping 94% completion rate on sales that use a Gazeal Reservation Agreement. That’s almost guaranteed peace of mind!
Why Use a Gazeal Reservation Agreement?
1. Reduces the Risk of Gazumping and Gazundering
- Gazumping (when a seller accepts a higher offer from another buyer) and gazundering (when a buyer lowers their offer just before exchange) are nightmares for buyers and sellers alike. With a Gazeal Reservation Agreement, both sides are committed to the original terms, meaning you can wave goodbye to these unpleasant surprises.
2. Gives Both Parties Peace of Mind
- With a reservation agreement in place, everyone knows where they stand. You can stop worrying about last-minute changes of heart or surprise issues cropping up. Instead, you can focus on packing boxes or choosing paint colours!
3. Speeds Up the Process
- The property market can move at a snail's pace, but a Gazeal Reservation Agreement can speed things up. By locking in both parties early on, everyone is motivated to get the necessary paperwork and legal checks done quickly.
4. Financial Security
- If someone does pull out without a valid reason, there are financial penalties. For sellers, this covers the cost of taking the property off the market, and for buyers, it covers costs like surveys and legal fees. This financial incentive means both parties are much less likely to change their minds on a whim.
How Does It Work?
Agree to Terms: Once the buyer and seller have agreed on the offer, they can opt to use a Gazeal Reservation Agreement. This agreement is drawn up, detailing the terms of the sale, including the price, any conditions, and the reservation period.
Sign on the Dotted Line: Both the buyer and seller sign the agreement. At this stage, a small reservation fee is usually paid, which will go towards the purchase price upon completion.
Get Moving: With the agreement in place, both parties can move forward confidently, knowing that the sale is secure. All the usual checks and legal steps will be carried out, but with a lot less stress!
Completion: Once everything is finalized, and the sale is complete, the reservation fee is deducted from the final price, and you can start celebrating your new home or sale.
Why Choose Harrisons for Your Sale or Purchase?
At Harrisons, we know the local market in Sittingbourne and Faversham like the back of our hand. We're committed to helping you navigate the buying and selling process with as little stress as possible. Our use of Gazeal Reservation Agreements sets us apart, ensuring a smoother, more secure transaction for everyone involved.
Our impressive 94% completion rate on sales with reservation agreements speaks for itself. It’s a tried and tested way to give you the confidence that your house sale or purchase is in safe hands.
In Conclusion
Moving house doesn’t have to be a rollercoaster of emotions and uncertainty. By choosing a Gazeal Reservation Agreement, you’re taking a big step toward a more secure, straightforward, and stress-free transaction. And with Harrisons by your side, you’ve got the local expertise and support to make your move a success.
Ready to take the next step? Give us a call or pop into our office. Let’s make your property dreams a reality—together!