Introducing RightBuyer: A Game-Changer in Property Auctions

One of the hallmarks of property auctions has been the breakneck speed at which transactions take place. But for many, especially buyers needing mortgage approvals, the conventional auction timeline can seem intimidating. Enter ‘RightBuyer’, Network Auctions’ innovative solution.

What is RightBuyer?

RightBuyer brilliantly merges the rapidity and reliability of traditional auction sales with the flexibility seen in estate agency transactions. It’s no longer about immediate contract exchanges post-auction; RightBuyer grants buyers an additional 6-week window to secure their mortgage, safeguarding them against the threat of gazumping.

How does it shine?

Buyers, in exchange for this extended period, furnish a Reservation Deposit (a minimum of £5,000 or 1% of the purchase price). This gesture signifies their genuine commitment to the purchase. Vendors, on the other hand, reap the assurance of a sale that’s both rapid and definite, shedding the uncertainties often tied to private treaty sales.

The Upshot?

RightBuyer is set to redefine the auction landscape. By making sales swift yet accommodating, it invites a broader audience to auctions, fosters genuine buyer-seller trust, and retains the very essence of what makes auctions so enticing: certainty.

A hearty applause to Network Auctions for charting this new course. As we watch RightBuyer’s journey, one thing is certain: the world of property auctions will never be the same again.