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Why SELL via Online Auction?
It’s the most Simple, Quick and Secure way to SELL property!
Targeted and Motivated Audience
Attract a specific group of buyers who are highly motivated and ready to purchase, ensuring a focused market for the property.
Transparent Sale Process
All bids are openly visible, fostering a competitive bidding environment that can drive up the final sale price.
Optimal Sale Price Achievement
The open bidding strategy aims to secure the highest possible price for the property on Auction day.
Fixed Selling Period
The property is sold within a predetermined time frame, eliminating prolonged negotiations and uncertainty.
Financial Commitment from Buyers
Bidders in the Auction are required to be financially committed, eliminating the risk of fall-throughs Post-Auction.
High Success Rate
The Auction method boasts a much greater likelihood of sale completion, when compared to traditional Private Treaty sales.
GET STARTED TODAYWhy Choose Moovd Online Property Auctions?
Moovd are a family-run, award-winning Auction House based in Durham City, with over 25 years experience in property sales. Across the North East of England, Moovd are at the forefront of Online Property Auctions, renowned for their dedicated, personalised, professional and enthusiastic approach. At Moovd, we pride ourselves on achieving a high sales success rate. Whether it be your family home, an investment property, commercial property or land, Moovd will certainly work hard to get you that sold board!
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Moovd offer Two Auction Sale Options
We offer two Auction sale options:
If you would like more information about these options, please get in touch with us through our contact page.
Three ways to SELL during the Auction.
Pre-Auction
Before the Auction.
On the Auction Day
On the fall of the virtual hammer.
Post Auction
After the Auction.
N.B All sales above are SOLD under our Auction Terms.
An Online Property Auction is a transparent platform where interested buyers engage in competitive bidding to acquire a property. This digital Auction setting allows you to capitalise on the market’s demand and potentially secure the highest price for your property on the day of the Auction.
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.
A Reserve Price is a figure agreed confidentially by the Seller and Auctioneer prior to the Auction beginning. This price is set during the Timed Online Auction and the property cannot be sold for less than it. The Reserve Price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.
Moovd primarily focuses on residential, commercial, mixed-use, and land Auctions, showcasing their expertise in a diverse range of property transactions.
FAQs
Why is the Modern Method of Auction faster than Private Treaty?
The Modern Method of Auction is faster because the Legal Pack is prepared in advance by the seller's solicitor. All necessary documents are readily available for the buyer's solicitors to review. This eliminates the lengthy waiting times caused in a Private Treaty sale.
No Sale No Fee - What Does This Mean?
Quite simply put, if we don’t sell your property, we will not demand any fee at all. Nothing! Including Legal Packs, it’s our belief we should only be paid on success.
What is an ‘Exclusivity Agreement’?
It is 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 offers and arranging the remaining balance of their deposit and thus being in a position to exchange contracts come the end of the Exclusivity Period.
Why is it more secure?
The security of an Online Auction is enhanced due to the financial commitment made by the buyer at the moment the virtual hammer falls. At this pivotal point, the buyer is required to pay a non-refundable Administration Fee as well as a deposit—typically either 5% or 10% of the sale price. This upfront financial obligation significantly reduces the likelihood of the buyer withdrawing from the sale, which contrasts sharply with Private Treaty sales that don’t include any such commitment, leaving the sale more vulnerable to fall-throughs.
Will I get the best price for my property?
Yes, Moovd’s Online Auction system promotes transparency, allowing all bidders to bid until the property achieves its true market value and “Best Price.”
Get Started Today
Don't miss out on the benefits of selling your property through Moovd Online Auctions. Contact us to learn more about our process and get a free valuation on your property. Start the journey to a successful sale by visiting our valuation page.