Free Entry to Our No-Sale, No-Fee Auction
We give our vendor’s two options. Please ask us for further details in order to decide which option is the best one for the sale of your property by JW Wood, or view the short introductory video below.
Our Next Property Auction
Registration Time: 6.30pm
Event Starts: 7:30pm
Venue: Newcastle Marriot - 30th October
Upcoming Auction Dates
- 30th October 2017
- 11th December 2017
- 31st January 2018
- Colour advertising throughout County Durham and Tyne & Wear.
- Press advertising.
- Extensive buyer and investor database.
- Premier auction venues able to accommodate hundreds of buyers.
- Experienced auctioneer.
- Dedicated Auction administration team.
Download Auction Catalogues
In recent years, the Auctions market has strengthened its position as a viable route for the disposal and acquisition of property. Some of the advantages are discussed below.
Selling by auction is the best way to ensure that properties are bought and sold at prices which are fair and reflect their market value as the process provides completion between buyers.
Sale by auction provides legally binding fixed timescale for exchange of contracts and payment. In Option 1 the fall of the hammer indicates exchange of contracts and the purchaser has 28 days after the fall of the hammer to exchange contracts
The Vendor keeps control of the sale by the use of special conditions of auction and the reserve price. In Option 1 nothing is left to chance after the fall of the hammer.
Auctions attract serious buyers and property professionals. A commitment is made in both Options 1 and 2 that a casual buyer would be unlikely to make. In both cases a financial payment has to be made after the auction.