British property portal, Rightmove, now offers buyers looking for commercial properties the option to submit offers for specific properties and exchange contracts through a platform.
The six month trial using the Clicktopurchase platform is available on properties being sold by agency Singer Vielle. It enables offers to be submitted by private treaty, as best offers, or during a real time auction, depending upon the method of sale selected by the agent and vendor.
Clicktopurchase is a platform that enables a legally binding exchange of contracts online. Acceptance of an offer results in legal contract execution and the transaction audit trail and contract are underpinned by Blockchain.
Rightmove’s Head of Commercial Alex Solomon explains: “Trialling a route to this technology through Rightmove will give potential buyers the chance to do everything online, from property search to legal exchange. By offering this to the UK’s biggest commercial property audience we’ll find out how much of an appetite there is for a solution like this.”
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