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  • Technology

    Gazeal

    I want to start off by saying I think Gazeal is a great idea. James and Duncan were really helpful and seem to know their stuff. The downside is that because it’s fairly new you have people (some but not all) who are resistant to change and for that reason will not like it. And this theme pretty much framed my experience with it.

     

    During my search for a flat I was a little paranoid about doing all the work, having the offer accepted only for it to fall apart at the last minute. As such I didn’t want to make an offer if someone was not willing to Gazeal the deal. I was also keen on leveraging it to get a good price for a property: “my offer is a little low but if we do it this way you have the certainty that I can’t pull out”.

     

    Some agents really didn’t like the idea. Others were more forward thinking and liked the concept, requesting more info so they could pass it onto their colleagues.

     

    For the flat I ended up buying I mentioned this to the agent during the viewing and she said the seller might be keen on the idea as he was a lawyer himself and had got burnt recently when he had accepted an offer only for this to be reduced later on. I managed to get an offer of around £20K less than the property was worth accepted because we were using Gazeal. The seller was moving back to New Zealand, was already over there and wanted a quick, reliable sale.

     

    However, we then ran into difficulties. His solicitors were not on the Gazeal panel meaning they had not accepted the Gazeal terms. Moreover they were not willing to accept them (my understanding is they didn’t want to spend hours going through the Gazeal agreement that they could not bill for). The seller was also reluctant to move to different solicitors as all of his docs were with his current solicitors.

     

    So in the end we agreed to proceed outside of Gazeal (although still at the reduced price).

     

    I’ll be looking to use Gazeal for my next property purchase and I would really recommend it despite the challenges associated.

     

    Diego

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    Hi Diego,

    Thank you so much for taking the trouble to share your thoughts on Gazeal.  We really appreciate it!

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    [Image: 4995468760_6be86655d4_t.jpg]
    general operations director (aka Colonel Nicaffi) - propertytribes.com