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Modern Move
WHY WITH US

About Modern Move

Welcome to Modern Move, the innovative platform redefining property transactions through the Modern Method of Auction. We are dedicated to providing a transparent, efficient, and hassle-free way for buyers and sellers to navigate the real estate market.

At Modern Move, we bridge the gap between traditional sales methods and modern auction techniques, offering a solution that prioritizes speed, security, and simplicity. Our platform empowers sellers to achieve competitive final prices while giving buyers the confidence of a straightforward and fair bidding process.

Why Choose Modern Move?

Efficiency

Our streamlined approach ensures quicker property sales, reducing the typical delays associated with conventional methods.

Transparency

With open and visible bidding, we foster a fair marketplace for all participants.

Support

Our team of property professionals is here to guide you every step of the way, ensuring a seamless experience.

Reach

We collaborate with leading Estate Agents and leverage advanced marketing strategies to connect your property with a wide audience of motivated buyers.

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Discover how Modern Move can transform your property journey today!

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Our Vision

Whether you're selling a home or looking to buy, Modern Move is your trusted partner in modern property transactions.

Our Mission

Our mission is to make the property market accessible, efficient, and rewarding for everyone involved.

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The Auction Process

1
Property to Market

As a seller, we’ll help you set a Reserve Price to guarantee your property sells at a value you’re comfortable with. From there, you can leave the rest to us. Your Estate Agent will handle everything, from preparing property details and taking photos to promoting it through their marketing channels. While this is underway, we’ll guide you through a straightforward Identification Check to get things moving.

2
Pre-Auction Marketing

During this step, we gather crucial details about the property, such as Title Documents and Local Searches, and compile them into our Buyer Information Packs. These packs give buyers the necessary information to make informed bids. Sellers can choose to provide their own Auction Pack or have us prepare one on their behalf, with the cost only applied once the property is sold.

3
Viewings

While Auction Packs are being prepared for sellers, properties are actively marketed to buyers. This is the perfect time for buyers to start exploring potential properties. If a property catches your eye, you can schedule a viewing and conduct your own research ahead of the auction.

4
Get set, Go! Auction starts

Auctions can run anywhere from 48 hours to 14 days, depending on the agreement with the seller. Buyers have the opportunity to bid on their preferred properties, using tools like Automatic Bidding to secure their dream home or grow their investment portfolio. To ensure fairness, if a bid is placed in the final two minutes, the timer resets, allowing all participants an equal chance to compete.

5
Bid Accepted and a sale agreed! Woo

When the time eventually runs out , the highest bidder will be announced (as long as the sellers reserve price has been met!) Now the sale between the two parties has been agreed.

6
Exchange of Contracts

Depending on whether the sale was through a Modern Method of Auction or a Traditional Auction, buyers will have either 28 or 56 days* to complete the purchase from the receipt of draft contracts. Additionally, the buyer will be required to pay any applicable Reservation Fees and/or deposits.

7
Completion!

FAQ LIST

Frequently Asked Questions

The difference between Private Treaty (commonly referred to as the "Open market") and auction lies in the sales process, timeline, and level of certainty involved. Here's a breakdown:

Private Treaty (Open Market)

Process

The property is marketed to attract potential buyers who make offers through the Estate Agent. The seller can accept, reject, or negotiate the offers.

Timeline

This method can take weeks or even months to complete, as it often involves negotiations, mortgage approvals, and a lengthy conveyancing process.

Certainty

There’s no guaranteed commitment from the buyer until contracts are exchanged. Sales can fall through due to factors like financing issues or renegotiations.

Cost

Sellers often pay Estate Agent fees and other associated costs.

Auction
Process

Properties are listed with a set Reserve Price and sold to the highest bidder, either online or at a live auction. Buyers must pay a Reservation Fee or deposit upon winning.

Timeline

The sale process is much quicker. For a Traditional Auction, buyers have 28 days to complete. For the Modern Method of Auction, buyers have up to 56 days.

Certainty

Once the winning bid is placed, the sale is legally binding (Traditional Auction) or the buyer is committed through a Reservation Agreement (Modern Method of Auction), significantly reducing fall-through risks.

Cost

Auction fees are typically covered by the buyer, making it a cost-effective option for sellers.

Title Documents

Proof of ownership and details of the property.

Local Authority Searches

Information on planning permissions, restrictions, or other factors affecting the property.

Property Information Forms

Details about the property’s condition, boundaries, and any fixtures or fittings included.

Special Conditions of Sale

Any terms set by the seller that buyers need to know.

Energy Performance Certificate (EPC)

A report showing the property’s energy efficiency.

Leasehold Information

(if applicable): Details about the lease, ground rent, and service charges for leasehold properties.

For Buyers

It provides transparency, helping buyers evaluate the property and decide whether to bid.

For Sellers

It ensures that buyers have all necessary information upfront, reducing the chances of delays or fall-throughs after the auction.

For Conveyancing

The pack speeds up the legal process by including documents that solicitors typically need. Whether you’re buying or selling at auction, the Auction Pack is a critical component of the process, ensuring a smoother and more efficient transaction. Need to add more questions

For Buyers

It provides transparency, helping buyers evaluate the property and decide whether to bid.

For Sellers

It ensures that buyers have all necessary information upfront, reducing the chances of delays or fall-throughs after the auction.

For Conveyancing

The pack speeds up the legal process by including documents that solicitors typically need. Whether you’re buying or selling at auction, the Auction Pack is a critical component of the process, ensuring a smoother and more efficient transaction. Need to add more questions