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
4.74*

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!

susan T.

"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.
Rosey GE

"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
Jack Oswell

"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
Colin Bell

"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."

Colin Bell
Keith Robinson

"Maureen Nichols has been absolutely fantastic and if it wasn’t for her, I doubt if we would have got the sale over the line. She went way above beyond of what was expected. A very big thank you from us for all the help she gave us."

Keith Robinson
Claire Fraser

"We have used Andrew Craig a few times now, and I can truly say they are "The Best in the Business "! We had the most stress free sale and purchase, all down to the staff at the branch. I wanted to mention a special Thank You to Jackie (Branch Manager) she is worth her weight in gold ⭐️ She has a wealth of experience and knowledge in this field, and really did help us with every step along the way. She went above and beyond to keep us in the loop with everything that was happening, offering great advice along the way. Nothing was too much trouble, and I felt the service we received was A* We really couldn't have done it without them all.I would highly recommend Andrew Craig South Shields Branch, as they have been phenomenal 👏So professional, friendly and helpful 👌Kind Regards Mr & Mrs Fraser"

Claire Fraser