Balgores Secure: The Safest Way to Buy and Sell Property
ShareWhen it comes to buying or selling property, the process can often feel overwhelming, especially with so many sales at risk of falling through at the last minute. In fact, 28.8% of property transactions in the UK fall through before completion, causing unnecessary stress, financial loss, and major disruption to people’s lives.
At Balgores, we do things differently, with our Balgores Secure Reservation Agreements ensuring a much smoother journey for both buyers and sellers. Our fall-through rate sits at just 2%, allowing our clients to proceed with confidence. Here's how we can help you navigate your property transaction with ease.
What is Balgores Secure?
Balgores Secure ensures both buyers and sellers commit to the transaction upfront. By signing a Reservation Agreement, both parties show that they intend to complete the sale, reducing the chances of last-minute withdrawals. As this commitment is legally binding, it provides you with the confidence to move forward with your transaction as planned, without the uncertainty that often plagues property deals.
Balgores Secure takes the stress out of the deal, making the property buying and selling process much smoother. With both parties legally bound by the agreement, there is a much higher likelihood of a successful and timely completion.
How Does Balgores Secure Work?
Our Balgores Secure process is simple, transparent, and designed to save you time and worry. Here’s how it works:
Step 1: Sale Ready Preparation
We begin by following the UK Government’s guidelines and making sure all required legal protocol forms are completed upfront. These include the TA6 Property Information Form, the TA7 Leasehold Information Form (if applicable), and the TA10 Fixtures and Fittings Form. These forms are then securely stored in a Buyer Information Pack hosted digitally by our trusted partner, Gazeal.co.uk. This pack is made available to potential buyers before they even make an offer, allowing them to make an informed, realistic offer and reducing the likelihood of withdrawal later.
Once an offer is agreed upon, we instantly share all necessary documents with your chosen solicitor or conveyancer to save time and ensure everything is ready to go when the sale progresses.
Step 2: Reservation Agreement
Once an offer has been accepted, we implement the Reservation Agreement. This legally binding agreement ensures that both the buyer and seller are committed to the transaction. The buyer will pay a small reservation fee, which secures their commitment to the purchase. This step reduces the chances of gazumping or gazundering, or them walking away from the deal at the last minute.
If either party withdraws without reasonable cause, the innocent party will be entitled to compensation, providing an added layer of security. This guarantees that the transaction continues with certainty, and both parties can proceed with peace of mind.
If you’re ready for a smoother, more secure property transaction, contact Balgores today. Our expert team is here to guide you through every step of the process. Experience less stress, more certainty, and a more secure sale.