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How It Works

Auctions - Sellers

Property Auction Durham

 
Speak to moovd today & see how we can get you sold in as little as 28 days...
 
Why do people choose to sell via moovd online property auctions?
  • High success rate of sales...
  • We have genuine motivated buyers waiting...
  • Sell in a fixed timeframe to meet your personal circumstances...
  • Achieve your properties best price via transparent competitive bidding...
  • It is a fast & effective solution...
  • Auction industry experts, with local knowledge...
  • No lengthy chains...
  • Specialise in residential, commerical, mixed-use & land online auctions...
  • No legal fees payable...

We offer two options of Auction sale:

Option 1: (Unconditional) 

Immediate exchange followed by completion within 28 days. 

Option 2: (Conditional)

Administration fee paid immediately by buyer with exchange of contracts 28 days later, followed by completion within 28 days.

After more information? Get in contact.

How much is your home worth?

 

Q & A

An Online Property Auction is where a property is offered at a low price in order to encourage competitive bidding. It is different from Private Treaty where you start high and finish low. Property Auctions start low and finish high, achieving the very best possible price.
Simply because it is a very fast, simple and secure way to sell property.
Any sort of property sells via Auction, from the typical family home, parcels of land, commercial offices to derelict buildings. Moovd mainly specialise in residential, commercial, mixed-use and land Property Auctions.
Moovd are property Auction experts throughout the North East of England. We offer Auctioneering services throughout Northumberland, Co Durham, Teesside, and Tyne & Wear. We also cover all major towns and cities including, Ashington, Bedlington, Bishop Auckland, Blyth, Chester Le Street, Consett, Crook, Darlington, Durham, Easington, Ferryhill, Gateshead, Hartlepool, Hebburn, Hexham, Middlesbrough, Newcastle, North Shields, Peterlee, Redcar, Seaham, Shildon, South Shields, Spennymoor, Stanhope, Stanley, Stockton on Tees, Sunderland, Trimdon, Washington, Willington and Whitley Bay.
We are an innovative, forward thinking Auction House, built on local and regional property expertise. Offering an individually tailored Online Auction solution to achieve success in selling your property quickly, securely and most importantly, at the best price.
Once a sale is agreed on the fall of the virtual hammer, the buyer is financially committed to the purchase. They pay a ‘Non-Refundable Administration Fee’ and a 5% or 10% Deposit, so are far less likely to pull out, compared to a Private Treaty sale, where there is no financial commitment whatsoever.
The Legal Pack has already been prepared by the seller’s solicitor. Therefore, all necessary documents (searches, title plans, special conditions etc) are available for the buyer’s solicitors to read on their behalf during the auction. As a result, no slowing down of the transaction, by power hungry solicitors, wasting time. You are in control of the sale, the way it should be.
It’s the contract between the seller and buyer, for our timed online Conditional Auction (Modern Method of Auction) agreed by both parties prior to bidding. Once entered, the buyer is given an Exclusivity Period, normally 28 days, to exchange contracts with the seller. Commonly, in this period, it is expected that they organise their finance to purchase the property. As a result, arranging surveys, mortgage offer, arranging the remaining balance of their deposit and thus being in a position to exchange contracts come the end of the Exclusivity Period.
The Exclusivity Period is the time limit during which the Exclusivity Agreement lasts for between seller and buyer during the Modern Method of Auction.
Quite simply YES! The great thing about our timed online auction system is the transparency of it. Unlike Private Treaty and the sealed bids process, when you are unable to see previous bids, you can see all bids! Therefore, allowing all bidders to bid until the property achieves its true market value and ‘Best Price’.
Quite simply put, if we don’t sell your property via either Private Treaty, Modern Method of Auction or Traditional Auction, we will not demand any fee at all. Nothing! Including legal pack, it’s our belief we should only be paid on success.
Guides prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed online auction. A guide range is between two figures, E.G £70,000 - £80,000.
A Reserve Price is a figure below which, the auctioneer cannot sell the property, during the timed online auction. The reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price. This is agreed confidentially between the auctioneer and seller, prior to the online timed auction beginning.
The pack of documents relating to the property being sold via our timed online auction, containing the personal local search, personal drainage search, land registry title and plan, copies of any deeds referred to in the register, property information form, fixture and fittings, lease information (if applicable), tenancy agreements (if applicable), energy performance certificate (EPC) and special conditions of sale.
An EPC is to provide information on a property's energy use and typical energy costs, and to make recommendations about how to reduce energy usage and increase efficiency. It is the responsibility of the property seller to arrange an EPC to show to prospective buyers.
Yes, we can do both, with the sellers written consent, we occasionally sell properties prior to the conclusion of the timed online auction if the client instructs us to do so. Similarly, a post auction sale may be agreed after the auction closes.
This is the process Moovd must follow, to be compliant with new Anti-Money Laundering rules and regulations 2017. It is our process that ALL bidders must register via a ‘Bidder Registration Form’ and the required appropriate information is taken from them, for Moovd to be compliant with the new regulations. If the bidder is unwilling to complete this process, then unfortunately we are unable to take a bid from them.