The first commercial version of the Government’s seller’s pack initiative is to be launched nationwide by Bristol-based firm M Coleman Estate Agents.
The scheme, called Open Book, has been running for over three years and unlike the Government’s proposal, boasts no upfront costs for the seller.
The home sale pack includes a detailed pre-sale survey report, property information, recommendation of a local solicitor and a mortgage certificate from a high street lender. According to M Coleman, fall-throughs on Open Book properties have been reduced by up to 75%, with 98% of the agent’s customers opting to use the pack when selling their home.
Maria Coleman of M Coleman Estate Agents, and founder of Open Book, said: “44 independent estate agents, servicing over 100 market places throughout England and Wales, have already taken up Open Book. They are seeing a large reduction in the number of fall-throughs, increased revenues and a far greater certainty and confidence in property sales.”