Buying property at auction is no longer just for the experienced investor looking for their next renovation project, so if you’re looking for a new home there are some great benefits to buying at auction:
Speed – The Modern Method of Auction offers speed with a completion timeframe of within 56 days, allowing buyers to purchase with a mortgage. We offer completion timescales of as little as 28 days with our Traditional Method of Auction.
Security - Properties sold through iamsold have a completion rate of 95%, compared to the current 70% rate of private treaty sales. Our fee structure ensures commitment from the buying party, which in turn boosts the completion rate for properties sold. Furthermore, for the buyer, this structure removes the fear of gazumping – one of the biggest issues associated with private treaty.
Buy with a mortgage – Modern Method of Auction sales offer a 56-day completion timescale meaning you have time to organise your finances and arrange a mortgage. Traditional Method of Auction timescales of 28 days are best-suited to cash buyers as there is limited time to arrange finance.
Buyer Information Pack - We provide a comprehensive Buyers Information Pack with each property which is a collection of documents that help you make an informed decision before proceeding.
Transparency – We offer a clear and transparent process; place bids and view all activity online so you don’t miss out on your perfect property.
24/7 anytime, anywhere bidding - Our online platform allows you to bid 24/7, at a time and place that suits you . Alternatively, you can attend one of our nationwide live regional auction events.
Did you know?
35% of the properties we sold at auction in 2019 were purchased with a mortgage
98% of our properties are sold via the Modern Method of Auction
87% of our properties are sold via online auctions
We're here to help!
We offer a transparent service and strive to ensure you are provided with all the information needed to make an informed decision before proceeding.
The sidebar of this page provides further useful information to help you decide if auction is right for you. If you have further questions our friendly Auction Specialists are on hand to help, you can call us today on 0345 646 0302.
First class customer service, excellent value for money and constant updates. The staff were very friendly and always polite and professional. I would highly recommend to my family, friends and colleagues. First class service from a first class business.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.
Tyne and Wear, NE3 3LUiamsold and The Auction Department are trading names of IAM-SOLD Ltd IAM-SOLD Ltd is a registered company in England & Wales | Company Number: 7051399 | VAT REG: 319160025
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