1 in 3 property sales collapse before contracts are exchanged - How can Gazeal help? 🔐 📝
🏡 How We at RedRoots can Help Protect Your Sale with Gazeal 🔐
At RedRoots, one of our biggest priorities is making sure your sale goes through smoothly, and doesn’t fall apart halfway through.
You might be surprised to know that in the UK around 1 in 3 property sales collapse before contracts are exchanged. On average, when this happens, sellers lose over £3,000 in wasted legal fees, surveys, and other costs , not to mention the stress of starting all over again.
That’s why we recommend Gazeal as an optional extra step to protect your sale and give you peace of mind.
📝 So, what is Gazeal?
Gazeal provides Reservation Agreements that lock both you (the seller) and your buyer into the deal early on.
Here’s how it works in simple terms:
✅ Once you accept an offer, both you and your buyer sign an agreement confirming you’re both committed to the sale.
✅ The buyer pays a small reservation fee upfront (typically from £250-£500 + VAT).
✅ If either side pulls out without a good reason (like finance falling through or a survey uncovering major issues), the other party receives financial compensation.
In other words, if your buyer tries to reduce their offer later (”gazundering”) or changes their mind after agreeing to buy, you’re protected.
💡 Why would I need this?
Because even after accepting an offer, a sale isn’t legally binding in England and Wales until contracts are exchanged, and this can take weeks or even months. In that time, all sorts of things can go wrong:
- The buyer pulls out for no good reason.
- Gazumping – they’re tempted away by another property.
- Delays in the chain that cause your buyer to lose patience.
With Gazeal, these risks are reduced dramatically.
In fact, statistics show Gazeal’s Reservation Agreements reduce fall-throughs from around 33% down to under 6%. That’s a huge improvement.
🙋♀️ Do we gain from this?
No. As your agent, we don’t make any money from recommending Gazeal.
We’re completely independent from them and don’t receive referral fees or commissions.
We’re suggesting it purely because we’ve seen first-hand how damaging it is when a sale collapses – for both sellers and buyers – and this is one of the few tools that can genuinely protect your transaction.
📖 Even the Government Recommends It
The Government’s official How to Sell Your Home guide advises sellers to consider having some form of agreement in place to protect the sale and reduce the risk of financial loss.
Gazeal’s Reservation Agreement does exactly that.
🏃♂️ How it works for you
- We help you prepare a property information pack (Gazeal does this online – it’s quick and easy).
- Your buyer pays a reservation fee and signs the Reservation Agreement.
- You’re both committed to completing – and if they pull out without a valid reason, you’re compensated.
✅ The benefits for you
- Peace of mind your buyer is serious
- Faster progress towards exchange
- Protection against wasted time and money
- No cost to you as the seller (the fee comes from the buyer in most cases)
- Direct contact with Gazeal about the agreement if you decide to proceed, independent of your agent.
🏡 Our Take
At RedRoots, we’re here to get your sale over the line as smoothly as possible. While Gazeal is completely optional, we believe it’s worth considering to safeguard your time, money and peace of mind.
Would you like us to send you more details about how Gazeal works, or arrange for them to talk you through it directly?
If so speak directly to your agent or click the contact us link below for more information!
