Reservation Agreements in housing transactions

February 2020
Mortgage Finance Gazette;Feb2020, Vol. 151 Issue 1848, p17
The idea of Reservation Agreements between home buyers and sellers in order to reduce the number of sales falling through is being worked on by the industry. The Home Buying and Selling Group (HBSG) set up a working group, chaired by Beth Rudolf, director of delivery at the Conveyancing Association. The initial recommendation from the HBSG working group is that the agreement will be conditional upon the information available at the point of acceptance of offer and the buyer and seller's circumstances.


Related Articles

  • Dispel the myth that FTBs must have a 20% deposit. Wilson, Ian // Mortgage Strategy;8/27/2012, p26 

    The article reports on the launch of NewBuy Scheme, a build scheme for first time home buyers, by the government in Great Britain in March 2012. The scheme will require buyers about five to 10 percent deposits. It also allows buyers aiming for new-build properties to gain 95 percent of loan to...

  • First-time homebuyers. Investor's Business Daily // Investors Business Daily;8/26/2014, pA02 

    First-time homebuyers in July made up the highest share of home purchases in 4 years, according to Campbell/Inside Mortgage Finance's HousingPulse Tracking Survey. July's share, 37.2%, compared with an all-time survey high of 45.1% in Dec. '09. The 1st-time buyer share has increased for 5...

  • A home on the water. WILLIAMS, GLENDA // Finweek;1/29/2015, p52 

    The article discusses the rise in value of waterfront homes around the world. It mentions that an increasing number of prospective buyers are drawn to the quality and ambience of a home on the water. It notes the higher value of homes near water than that of inland homes, like in Great Britain...

  • Twists In Home Bidding Wars. Investor's Business Daily // Investors Business Daily;8/14/2015, pA01 

    7 Tight supply and high demand have pushed up sales of existing homes to their highest rate since 2007. But new appraisal rules and the

  • Winter Buyers Expect Easer. Sichelman, Lew // National Mortgage News;12/2/2013, Vol. 37 Issue 46, p1 

    The article discusses the findings of a 2013 survey from the official website of the National Association of Realtors in. The topics discussed including robust 2013 winter selling season expected for home sellers in the U.S. according to the survey's finding, response of different categories of...

  • Demographics snapshot: Per-capita Income.  // Indianapolis Business Journal;8/31/2015, Vol. 36 Issue 27, p27 

    The article offers information on the most expensive sale of real estate in Carmel and presents a table regarding the housing sales.

  • Home Sales Best Since '09. Investor's Business Daily // Investors Business Daily;6/23/2015, pA01 

    3 May's existing-home sales rose 5.1% from April to their best pace in 5-1/2 years, NAR said. All regions improved. Sales grew 9.2% from a year ago, the 8th straight month of yearly gains. The 1st-time-buyer share leapt to 32%, the strongest in nearly 3 years. Inventory grew, but supply remains...

  • Family home a real racegoer's delight. Paul Kelly // Daily Mail;11/15/2013, p46 

    ADVERTISED as a beautifully presented three bedroom family home, this property is on sale for under €400,000 - and is close to Leopardstown racecourse.

  • Dec. New-Home Sales Tank. Investor's Business Daily // Investors Business Daily;1/28/2014, pA01 

    3 Last month saw sales drop 7% from Nov. to an annualized pace of 414,000, well below economists' forecasts for 450,000, though harsh winter weather was seen skewing the data lower. It also marked the 2nd straight monthly decline, and the prior 2 months were revised down by a total of 30,000....


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics