January Auction Newsletter
Richard Webb – National Sales Manager
Here at Pattinson Auction, we are experiencing an extremely impressive start to the year, with auction sales soaring across the country. This upward trajectory echoes some of the optimistic comments I have been hearing from Partner Agents and the property media alike.
I finished last year by highlighting how, as a business, will continue to invest in resources to help ensure the improvement of our auction facility, and in turn benefit our Partner agents. So far this year, we have welcomed eight new members of staff to our Head Office team, coupled with two new Business Development Managers, who will ensure our hands-on support to our Partners is strengthened.
We have also recently proudly Partnered with Propertymark as one of their recommended industry suppliers. Propertymark is renowned for its dedication to helping improve standards and promoting professionalism within the property industry. We are excited to be working closely with them in the coming months, as well as attending the multiple roadshow events across the country this year. Hopefully, we will also see many of our partner agents there!
Ryan Power - Business Devlopment Manager
It’s been a real pleasure to be able to speak to so many of our partners about their experiences with Pattinson Auction and receive their positive feedback. The consensus from them all is that they have seen us add value to their companies, with more appraisals, instructions, and speedier timescales to exchange.
There are still a few estate agents who still struggle with what a typical auction listing is. But it's great to see editorial coverage from industry experts such as Propertymark and The Negotiator raising the profile of auctions, and highlighting the increased listings going to market with online auctions.
Interest rates are beginning to fall with several rates available under 4% which will certainly help keep the market moving, enabling more people to get on the property ladder, or those already on, can make the next jump up.
Looking forward to the year ahead, and much like the huge growth increase of of our partner network of 21% in 2023, we continue working towards our goal of helping more agents increase their incomes.
Jason Nicholson - Auction Administrator
If January so far is anything to go by, 2024 is set to be another positive year in the property industry. Since the start of the year, we have been handling enquiries from all types of buyers, including first time buyers, home movers and investors, and it’s great to see how vibrant the market is.
The auction method of sale continues to benefit all involved, with more properties coming to market, and more agents across the country getting involved in a bespoke service. A service which is tailored to suit vendor requirements and geographical demographic, whilst also adhering to current market conditions, not to mention providing speed and security of sale.
In an article release by Zoopla late last week, it’s clear that the buzz we feel at Pattinson Auction is felt right across the country, with Zoopla announcing that the buyer demand at the start of 2024 is already up 14% from the same week of 2023, with new sales agreed up 16% compared to the first week of last year.
Coupling these facts with the promising news that mortgage interest rates are continuing to fall, I predict record breaking months are ahead of us.
Team Yorkshire have started the year with some impressive success stories, such as a 3 bed Terrace on Larch Street, Keighley, having received starting bids at £20,000, but ended up exchanging contracts in just 11 days, generating 31enquiries and achieving the price of £56,000.
There is never a bad time to get involved in auctions, but I firmly believe, the only regret you’ll have, is not getting involved sooner!
THE PEOPLE BEHIND THE BRAND
Featuring Daniel Evans – BDM
Somehow, as I write this, we’re halfway through January! Since returning from the traditional festivities, it feels like that the first signs of spring, at least in terms of the property market, are in the air. Viewing numbers increased straight after new year, which is now translating into sales. Speaking to my Partner Agents across the southwest, it appears valuation numbers are also on the rise.
This is a great time of year to be discussing our Secure Sale Method with potential, new and existing vendors. Some who are seeking a market appraisal may be aware of how slow and uncertain the Private Treaty process is. And so offering them an alternative method of sale, you’ve not only improved the service you’re offering, but also presenting another way you can help them.
Our job here at Pattinson Auction, is to work together toward a common goal, with integrity and transparency when advising clients. Away from work, I’m a rugby referee for the RFU.
Sport and the property market have one important thing in common, and that is, all participants are heavily invested in the outcome!
