Buying at Auction with | Andrew Craig

Home Auctions

Buying at Auction

Andrew Craig partners with the North East’s largest Auction House, Agents Property Auction. Our Auctions have been held publicly in an auction room since we started in 2010, however due to Covid-19 they are currently being held online. The Auction format is the same, but more accessibility is given to buyers as you can bid from wherever you are in the World.

Our live online auctions have properties for everyone from first time buyers, downsizers, up sizers, looking for a holiday home, development opportunity, buy to let investment, commercial, land, the list is endless. The process is simple, transparent, quick and secure. Our sellers are motivated to sell and have priced their properties accordingly. Bidding is available 24/7 from the comfort of your home! Our team are here to give advice so contact us on 0191 226 1222 email auction@andrewcraig.co.uk 7 days a week.

Benefits of Buying at Auction

Quick and Easy Process

Bid online from wherever you are.

Quick and Secure Transaction

Auction completion has a fixed timeframe of 28 or 56 days, compared to private treaty which takes on average 6 months for completion. There are no surprises and no quicker way to buy a house.

Exchange of contracts normally happens at the fall of the gavel with a set date for completion. This is usually within 28 or 56 days, whereas a private treaty sale on average takes 16-20 weeks, sometimes longer!

Security

If you bid and win, you’ve won. At the fall of the gavel, the seller and purchaser enter a binding agreement legally committing them to complete the transaction. This means the seller and buyer both cannot change their minds.

Buy with a Mortgage

You have a 28 or 56 day completion scale, meaning you have time to arrange your finances and find a mortgage, although many buyers arrange their finance before the auction. Andrew Craig partner with Mortgages now and can help you with any financial advice that you may need.

Speed

Most properties going to auction have legal packs ready for prospective buyers to look through before the auction, this speeds up the conveyancing process as you don’t have to wait for solicitors responses to your queries

Fees

Many Auction Houses charge a large fee, called a buyer’s premium, to the buyer but APA do not do this. On the day of the Auction the buyer pays a deposit and an administration fee, the deposit you pay comes off the purchase price upon completion.

GUIDE TO BUYING AT AUCTION

Contemplating a move?

If you're contemplating a move, the best starting point is to get an idea of the market value. We are always happy to visit, at a time to suit and give you our professional opinion on price, the current market, presentation, and marketing strategy.

There is no charge or obligation whatsoever, and any discussions we have are in complete confidence.

Value my Property

Client Reviews

In what has been an incredibly tough period for the housing market, I switched to Andrew Craig from another local estate agent. From start...
As a first time buyer I was nervous and apprehensive about the entire process of purchasing my first home. However, Andrea Basham my sales...
Cannot fault Andrew Craig estate agents South Shields. I have used this company for a recent house purchase and with the exceptional help...
Our experience of Andrew Craig has been phenomenal from start to finish. Our house was valued for market realistically and in line with what...
Andrew Craig of Gosforth gave us a great, professional and friendly service in the sale of our property. They dealt with all of the viewings...
Worked with Danielle on letting out a property where she has been very helpful in facilitating repair work to satisfy the tenant....
Andrew Craig provided an excellent and highly professional service throughout the recent sale of my property in Sunderland. Danielle and the...
I had such a fantastic time dealing with Andrew Craig whilst buying my first house. Alison was our primary contact and she is possibly one...
Excellent and professional service provided by Julie at East Boldon while buying our first property. As first time buyers we were not always...
Exceptional service by Kathleen. She went through every step of the process and kept me up to date on rates to get me the best deal! 10/10...
I am so happy we chose Andrew Craig Jarrow to help sell our property. Our experience has been extremely positive, from the valuation, to the...
Kathleen was amazing from start to finish and her knowledge of the market is excellent which enabled us to get exactly what we wanted with...
Georgia has absolutely brilliant. Amazing communication throughout the process, emails and phone calls. Nothing was a problem, even taking...
We were very pleased with the feedback from our valuation and received an acceptable offer within a few days.I'm certain this was down to...
Andrew Craig we’re a brilliant estate agents to deal with! From getting us our offer accepted to the weekly updates and additional viewing...
As first time buyers we didn't have a clue where to start when we found our dream house, but all of the team at Mortgages Now in Andrew...
When I decided to rent my property and asked Andrew Craig Estate Agent to manage this for me I found the perfect solution. Gill Ellis was my...
Andrew Craig marketed our rental property. We met with their representative Gill Ellis who guided us through the process and their levels of...
Chelsey was amazing from the start. No messing around, clear and concise on what information was needed from us. Regular and fast...
We have used Mortgages Now and their services in the most recent purchase of our forever home. We cannot recommend them highly enough! Every...
Used Andrew Craig for both letting and sales. They provided great support to us, communication was good and fees were reasonable. Overall we...
Very happy I used this company to sale my property. Linda was very efficient advised she had clients interested the same day I contacted...
Fantastic Team at Hebburn and Cara and Michelle from another Branch. These Girls worked so hard to get us sorted in a new Home after being...

Our customers love what we do

4.75*

We’ve had the pleasure of helping lots of people with their property requirements. You don't need to take our word for it though!

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"In what has been an incredibly tough period for the housing market, I switched to Andrew Craig from another local estate agent. From start to finish the team at Andrew Craig were outstanding. I always felt relaxed in knowing that no stone was unturned in their duty of maximising the chance of selling the property. Communication was excellent and customer service, care and satisfaction was of a very high quality. Thank you to the Fulwell team for helping us sell our house and making the stressful process feel seamless and smooth."

Will Hibbs

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"As a first time buyer I was nervous and apprehensive about the entire process of purchasing my first home. However, Andrea Basham my sales agent and Andrew Craig were fantastic in guiding me through the entire process. They were patient, forgiving and consistent in their support and never complained despite the plethora of queries and concerns that were sometimes of daily occurrence during the process of purchase. What I liked most about Andrea and the company was that although they were working on behalf of the seller, they were also working on behalf of myself as the buyer with just as much care and consideration.As a result, looking back on the whole process there was nothing really for me to worry about; I was always in good hands and they were always going to get the best result for myself and the vendor. I am looking forward to working with them again in the future on other purchases and will more than likely allow them to take on the responsibility for letting my home, as I know the high standards they adhere too. Thank you for everything!And if you do get Andrea, trust her completely, she knows what she is doing and has years of experience working with various conveyancers in and around the North East; you have to let her advocate and deal with any concerns in her own way in her time, she will get the job done the right way! A personal thanks to her."

Lorenzo Robinson

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"Cannot fault Andrew Craig estate agents South Shields. I have used this company for a recent house purchase and with the exceptional help of Andrea this was expedited very quickly. I believe Andrea went well beyond what would be expected. She liaised with the vendors and both solicitors and always can back with an answer for even the most trivial questions I threw at her. Well done Andrea!!!! You are a definite asset to the company. Would I use this company again ? I certainly would and, in fact they are currently selling my previous home. I wouldn't use any other company."

susan T.

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"Our experience of Andrew Craig has been phenomenal from start to finish. Our house was valued for market realistically and in line with what we believed it was worth. We achieved over our asking price and believe that the way in which the property was marketed was paramount to this. Andrew Craig were also superb in dealing with the process of receiving offers and buyers’ queries as the sale progressed. We wouldn’t use any other agent in the local area. Special thanks to Maureen, Linda and the team for making our sale so stress free."

Rosey GE

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"Andrew Craig of Gosforth gave us a great, professional and friendly service in the sale of our property. They dealt with all of the viewings through to the completion of the sale. Special thanks to Sarah, Ellie and Alison in keeping us updated throughout the process. There was always a warm welcome when we called into the office for any updates. A job well done."

Jack Oswell

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"Worked with Danielle on letting out a property where she has been very helpful in facilitating repair work to satisfy the tenant. Communications with Danielle have been regular and very concise. No issues whatsoever and would so far recommend."

Buying Property at Auction