Reservation Form Signed!

Your sale is now on a secure and time-bound track...

The buyer has paid their reservation fee - and now they’ve signed the reservation form. It’s official. Your property sale is now locked in under auction conditions.

This form is more than just admin — it lays out the commitment both parties are making, and sets the countdown ticking.

What is the reservation form?

The reservation form is a contractual document signed by the buyer after paying the reservation fee. It confirms:

• The buyer’s intention to purchase

• The agreed timescale to exchange and complete

• The terms under which the sale will proceed

It doesn’t replace the full contract — that still happens later during conveyancing — but it acts as a framework for the sale, giving both sides structure and security.

For you as the seller, this means you’re now working with a buyer who can’t walk away without consequence.

What’s happening in the background?

With the reservation form signed:

• Both legal teams begin working toward exchange

• Your solicitor will issue the draft contract to the buyer’s solicitor

• Searches, mortgage arrangements, and enquiries will now move ahead at pace

• Open Moove updates the milestones and helps all parties keep track

This is where the transaction becomes more familiar - with legal and administrative steps leading through to exchange and completion.

What should you do next?

✅ Check with your solicitor that the draft contract has been issued

They’ll usually do this automatically, but staying involved ensures nothing is missed. This will be updated in your Moove Room, too.

✅ Respond promptly to any final document requests

This could be identity verification, warranties, or clarifications. Fast responses keep your sale on track.

✅ Relax (a little!)

You’ve passed the most uncertain parts of the sale. Now it’s about following the process - and Open Moove will guide you the rest of the way.