What is McEwan Fraser Legal's Buyer's Premium?
The Buyer’s Premium is an innovative and popular way McEwan Fraser Legal use to sell a small selection of our advertised properties. Our objective is to save our vendors from having to pay any Estate Agency commissions and/or incur any of the upfront outlays involved in putting a property on the market such as Home Reports, ESPC, Professional photography and schedule costs. This is a very similar way to how ‘off-market’ and ‘auction properties’ are commonly sold in the UK and in other countries. The Buyer’s Premium is a very attractive proposition for banks and institutional investors to dispose of distressed assets and indeed private sellers to allow them to test the market without incurring any upfront selling costs or sales commissions. The Buyer’s Premium also greatly helps sellers who might be in negative equity or have little equity in their property. The Buyers Premium initiative helps bring more properties to market.