1. Home
  2. Pattinson Auction Property house Auctioneers

Pattinson Auction Property house Auctioneers

Pattinson

Pattinson estate agents were launched by Keith Pattinson on 4th July 1977. It is no coincidence that it was Independence Day, being independent is central to their company ethos. 21 Ridley Place, Newcastle upon Tyne was Pattinson Auction first office and remains Pattinson Auction Head Office today.

Pattinson Auction has grown from one office with one man selling three properties to twenty-nine offices across the North East with around 200 members of staff. 

Pattinson Auction sell houses, and they also have a commercial, survey, property management and auction departments and are proud to be members of the RICS.

In nearly forty years estate agency has changed a considerable amount, and Pattinson Auction has been proud to be leading the way. It’s hard to imagine that an estate agent would charge for a valuation now, but when Keith first offered ‘Free Valuations’ other agents laughed at the idea!

Expanding from Ridley Place, new offices were opened in Prudhoe, Ponteland, Whitley Bay and Sunderland, and other branches followed soon after. Pattinson Auction purchased a property management company and became one of the first estate agents to offer sales and lettings. Pattinson Auction still work with some of our original landlords, over 30 years later!

With the deregulation of the financial services sector in the late 1980s, a partnership was formed with the Northern Rock Building Society. This fuelled further expansion; however, a short period Pattinson Auction went their separate ways and became independent again.

Pattinson Auction has always embraced technology and was one of the first agents to build a website. They use a computerised database and continue to look for ways to innovate to offer a better service.

Pattinson Auction diversified into property auctions over twenty years ago. They offer a traditional option of an exchange of contracts on the fall of the hammer. Which includes a ‘Conditional Auction’ with twenty-eight days to exchange contracts for buyers requiring mortgages.

As all of Pattinson auction branches are interlinked, and Pattinson auction was able to open a regional sales centre. This is extended open hours and also takes the overspill of calls from departments when they are busy. This improves Pattinson Auction customer service by ensuring that we answer every call.

A guide to Buying at Pattinson Auction 

Details of the Pattinson Auction properties and land to be sold are set out in Pattinson Auction catalogue. Auction catalogues are usually available online or on request online to be posted to you. All lots are sold subject to general conditions of sale. Purchasers must satisfy themselves as to the availability, location, boundaries, conditions, and state of all lots before the auction.

Viewing lots 

You must view the properties which interest you as soon as possible. Viewing arrangements for each lot are contained in this catalogue.

Pattinson auction legal documentation

There are special conditions and general conditions that apply to all lots being offered at auction. A copy of these should be available within the legal pack for each lot. A copy of which will be posted to the relevant auctioneer’s website as soon as possible.

Instructing a Solicitor

Before bidding at the auction, it is advisable to consult a solicitor/licensed conveyancer. You should seek advice on the general and special conditions of sale, the Land Registry office copy entries and any other information provided.

Guide Prices

Most are quoted in the catalogue available from the agency/office concerned, nearer the time of the auction. A guide price may change at any time. Lots may be sold at above or below the guide price, and we cannot accept responsibility for their accuracy.

Reserve Prices

All lots, unless stated in the catalogue, are subject to a Reserve price. This is the minimum price at which the seller has authorised the auctioneer to sell. The bidding must reach or exceed the reserve price for the auctioneer to be able to sell. The reserve price is confidential. It is set by the seller and may be subject to change right up to the start of the auction. The auctioneer reserves the right to accept bids from the vendor up to and including the reserve value.

Making a Pre-Auction Offer

Offers must be in writing and will only be considered if the lot has been viewed and the legal documentation inspected. Pre-auction bids are based on an immediate exchange of auction contracts upon acceptance by the seller. Any offer will be assumed to be your best, and final offer and the auction house cannot guarantee that you will be invited to increase your bid in the event of an alternative, the satisfactory offer is received before exchange.

Finance & Mortgages

It is essential to arrange finance before the auction and for all surveys, valuations, and inspection to take place before the bidding.

Unable to Attend Pattinson auction

If you can’t attend the auction there are two ways in which you can bid (each auction house has its own rules & methods). Firstly, you can appoint a representative or a solicitor to bid for you, and it is always advisable to write and inform the auctioneer. Also, give your representative a letter confirming that they are bidding on your behalf.

Pattinson auction Proxy Bids

If you want to bid by proxy on the day of the auction the auctioneer may be happy for you to do so, check in advance with the relevant auction house. The auctioneer usually holds a signed contract and deposit cheque at least 48 hours before the auction. Therefore, please contact the auction house in plenty of time to avoid disappointment.

Please contact Pattinson for a proxy bid registration form or use the one shown on their website. 

Registering at Auction & Means of Identification

You must register before the auction starts at the registration desk at the auction venue (each auction house its own rules check in advance what they are). The successful bidder is required to provide two forms of identification (see registration form). Please note that it is a requirement that you also provide documentation to confirm your name and residential address.

Bidding at Pattinson Auction

If you have not bid at an auction before, it is advisable to be present when the auction starts. Listen to the auctioneer’s opening remarks and follow the bidding in the early lots. 

The auctioneer will indicate from whom the bid has been taken. Still, it is helpful to the auctioneer for you to raise your hand or bidding card number clearly when you bid.

If the auctioneer is in doubt whether the movement of a head or hand was, in fact, a bid, he will usually inquire “Was that a bid Sir/Madam?” If you are the successful bidder, a binding contract is entered into between the seller and the bidder on the fall of the auctioneer’s gavel.

You will then be approached by a member of the auction staff who will escort you to the sales desk. At this point a deposit payment is required, the sum of 10% of the sale price is handed to the seller’s solicitor.

Click Here for Pattinson Auction website

Go back to Main Auction list

How to buy a house at auction – The property auction guide

How safe is it buying from a property auction?

20% Off Landlord Insurance + Guarantee to beat any existing quote

Comments are closed.