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 A North East firm
has become the first from the region to ever feature in the UKs top 20 auction
houses after a recording its highest number of property auction sales.
Leading independent regional estate agent, Pattinson, has rocketed into the
National Property Auction Index top 20 for the first time and now holds 16th
position in the list.
Rankings on the Index are based on the amount of money realised through sales
through the auction houses in 2005, according to independent information
provided by the Essential Information Group.
Head of Auction Richard Francis comments: This is a great achievement for the
region. We are showing the rest of the UK how successful the auction process
can be.
In contrast to the other auction houses on this list, our position in the
national top 20 is almost entirely due to our success in taking the auction
concept to the residential market.
Weve achieved this using the Conditional Auction concept, which we introduced
at Pattinson 12 years ago to make auctions more accessible to ordinary
homebuyers and vendors.
In the Conditional Auction, the buyer pays a 1,000 non-refundable deposit
following a successful bid and exchange of contracts occurs within 28 days.
Pattinson also offers the more traditional Un-conditional Auction, where the
buyer pays a ten per cent deposit and sales are completed within 28 days.
Richard is confident that the Pattinson auction division will continue to grow
and next year plans to improve on its current position.
He continues: We aim to break in to the top ten in next years Index, and our
figures from January and February show that we have already improved on 2005s
results. With new monthly auctions now underway in Teesside and Carlisle, as
well our Newcastle and Sunderland auctions, were confident we can continue to
build on what was an exceptional year.
Pattinson, who have recently launched a new website, www.pattinson.co.uk, offers
a wide range of property services, including residential and commercial sales
and letting, as well as the auction services.
Established by Keith Pattinson 25 years ago, it services the North East with 29
offices from Stockton and Middlesbrough in the south to Ashington in the north.
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