Gazumping, Gazundering and Gazanging could be a thing of the past
Entrepreneur, Tim Price, founder of AssuredSale, a new online platform that aims to “increase the momentum of the sales process and reduce the rate of failure for buyers, sellers, estate agents and conveyancers”, comments:
“I set-up the business after I lost £2,000 and wasted two months of my time when my seller pulled out of the house buying process. It drove me to reinvent the current process and create an online platform that adds transparency, financial protection and certainty for all parties involved.”
Glaisyers advised Price on the legalities surrounding the pre-exchange bond that is the “key to the whole system” and is submitted at the start of the procedure, also advising on the other likely areas of difficulty that might be encountered in the home-buying process.
Head of the Company Commercial Department for Glaisyers, Julian Bond, said:
The property market is incredibly stagnant and full of uncertainty at the moment; this is just the sort of new, safer model that could give it the impetus and confidence it needs.”
Added to this is the fact that the whole process can be very stressful and cause significant anxiety and financial loss.”
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