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Halkyn House, Wrexham

Summary

Challenging investment sold by way of a  clicktopurchase® “best offers”, attracting multiple online legal offers.

Description

Singer Vielle was instructed to sell a complicated asset in Wrexham.  With building issues and a large arrears dispute with the tenant, the investment was typical of the type of property where a buyer had opportunities to “chip”, were the sale concluded by a traditional approach.

As soon as the arrears dispute had been concluded, the property was re-marketed and in order to bring certain and speed to the process, a clicktopurchase® “best offers” was announced.  Four interested parties submitted legal offers to treat by the bid deadline, enabling the top offer to be accepted and an instant online contract to be formed.

However, after the deadline and before formal acceptance online, another party indicated they would exchange immediately at a higher level.  Given the obligations of the administrator vendor, the leading party at the bid deadline was asked to increase.  As a result, a higher offer was submitted and an instant legal contract formed.

Another example of how the SV marketing and execution platforms can deliver speed and certainty to the sale process.

The blockchain audit trail can be found here.

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Related Cases

For property alerts

A unique transactional platform where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.

*note: variations may occur depending upon territory.

clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.

Our unique and modern approach, available to all members of our network, delivers significant and proven advantages over the traditional methods.

For property alerts

A unique transactional platform where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.

*note: variations may occur depending upon territory.

clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.

Partners within the SV International Network

Our unique and modern approach, available to all members of our network, delivers significant and proven advantages over the traditional methods.

A unique transactional platform where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.

*note: variations may occur depending upon territory.

clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.