RG Law launches new auction-ready package for estate agents
RG Law has launched a new auction-ready package for estate agents, designed to prepare freehold properties for sale in a two-week period.
Leasehold properties will require a management pack, which will take up to four weeks to prepare.
Recent research shows that 2.3% of all UK homes – almost 6,000 properties annually head to auctions, marking a 0.6% increase when compared to last year (Source: House Buyer Bureau, October 2023).
The North-East ranks as the nation’s auction hotspot, where 5.6% of all homes listed for sale are selling via property auctions. The region has also seen the largest annual increase at almost 1%. The North-West (2.9%), Wales (2.8%) and the East Midlands (2.8%) are also home to some of the largest proportions of for sale stock opting to sell at auction.
Karen Marsh, Sales and Marketing Director of RG Law, commented:
“Historically, property auctions have operated on the fringes of the UK property sector.
“However, with the advancement of online auction platforms and a rise in property stock thanks to buyers embracing this alternative way to buy, auctions are becoming more mainstream.
“We have developed the new Auction-Ready package, following feedback from our estate agency partners, to make preparation for property auctions, as seamless and efficient as possible.
“We have dedicated auction specialists that will work with agents to produce the auction legal pack, which will feature Land Registry title plans, official copies and replies to enquiries.
“Our conveyancers will put themselves in the purchasers’ conveyancer’s shoes and answer the pertinent questions they believe need to be answered about the property.
“We will also include a local authority search and water and drainage.
“We want to provide as much information as possible rather than an indemnity.
“From day one, we will order searches, so the seller is as transparent as possible.
“The pack is available at £375.00 plus VAT, which covers disbursements and the usual upfront additional fee for the local water and drainage search.
“Clients choosing RG Law to prepare their auction pack, will also be offered 20% off their legal fee for the onward sale of the property, if they secure a buyer at auction.”
RG are also offering a promotion around the review of an auction pack for buyers at £500.00 plus VAT with 20% off their legal fee for the onward purchase of the property if secured at auction.
RG Law is a trusted partner to over 120 estate agents nationwide, providing residential conveyancing services to more than 2,340 clients annually. Operating out of Sidcup and York, RG Law has a team of expert solicitors and licensed conveyancers committed to delivering high-quality, personalised services that prioritise client needs above all else.
RG Law has a My Experience team that monitors the experience clients are receiving, as well as proactively asking customers to share their experiences online. This enables RG Law to remain ‘real’ and ‘relevant’. Referrals play a pivotal part in sustaining RG Law’s business. Estate agents, who refer RG Law’s services to their clients, put their reputation on the line each time they ask their client to use RG Law. This is why customer focus is at the core of RG Law’s business and engrained in its approach.
Kindly shared by RG Law