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

Our customers love what we do

Google
4.63*

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!

Malcolm H Taylor

"Buying houses can go wrong in lots of ways starting with ..Have I done the right thing. !!!??.Danica has been brilliant.. initiative.... Initiative is perhaps the golden rule here in customer support and you have it in abundance. Keeping me updated and responding quickly to any queries or help I may have had. You have always presented a light and positive attitude either on the phone or in the office. We'll done."

Malcolm H Taylor
Mechelle English

"Recently purchased a property with was advertised through Andrew Craig. Andrea has kept me updated throughout the buying process and been amazing to deal with. Andrea has always been very approachable and pro-active, nothing is too much trouble! She’s even listened to my frustrations with regards to our own estate agent when selling and not being kept up to date! (wish we had chose Andrew Craig as ours were useless!). Thanks so much Andrea for keeping me sane though out the process and going that extra mile! Your amazing! ⭐️"

Mechelle English
Abby Hassan

"I have just sold my property in jarrow and used the Andrew Craig Jarrow office . My findings were that I put the property on sale on the Wednesday it was sold bye the following Tuesday and I wanted it to go through fairly quickly . With the help of Michelle and the office staff I managed to meet all of the deadlines as I was leaving the country and taking my cat and had flights booked which is not as easy as it sounds . So once again a big shout out to Michelle who managed the sale from start to finish and the office staff . Abdul Hassan ."

Abby Hassan
Sarah k

"Lovely country walk round a peaceful lake. Car par shuts at 8pm at the minute in summer. Think car park is £2"

Sarah k
Louise Jackson

"Maureen and Heather have been a fantastic support through the process of selling our house. Nothing was to much to ask and any queries were resolved promptly. The customer service received from the start to what's almost the end has been second to none and therefore I would recommend Andrew Craig to others. Thanks again for all the support."

Louise Jackson
Alison Clark

"I can not speak highly enough of the service I have had from Andrew Craig, in particular Julie Hall she has been outstanding. Julie has kept me up to date all the way through the sale of my property and has gone the extra mile to resolve queries brought up by solicitors. Thank you Julie you really are a super star."

Alison Clark