At Rare & Desirable, we prioritise transparency and simplicity throughout the process, ensuring that you have full clarity and confidence before making any commitment. We encourage all potential buyers to carefully consider the total amount payable, including the Reservation Fee, to ensure you are completely comfortable with your investment before placing your bid.
Non-Refundable Reservation Fee
The winning bidder will be required to pay a non-refundable Reservation Fee to secure the property exclusively for them during the reservation period. This fee not only gives the buyer exclusive rights to the property but also serves as a reassurance for both parties involved.
For the buyer, the Reservation Fee ensures that the seller is committed to the sale, as they are unable to accept an offer from another party during the reservation period. This offers the buyer peace of mind, knowing their chosen property is reserved exclusively for them. For the seller, this fee reduces the likelihood of the sale falling through and provides assurance that the transaction will proceed smoothly.
Fee Breakdown
All properties listed with Rare & Desirable require a non-refundable Reservation Fee. This fee secures the property for the buyer for the duration of the reservation period and helps cover the costs of the marketing, including the services of the Agent and The Bidding Platform, who collaborate to deliver a high-quality, seamless experience.
The Reservation Fee is calculated as a percentage of the final purchase price, with a minimum amount specified on each property’s profile page. This fee is paid in addition to the purchase price and is factored into the calculation of Stamp Duty liability, ensuring full transparency and clarity on the total amount payable. With this in mind, we want to ensure that you make informed decisions every step of the way.
By taking these steps, we aim to provide an easy, clear, and efficient experience for both buyers and sellers, ensuring a smooth transaction for all involved.