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September's catalogue featured Agent : Sansome & George Sansome & George are a well established multi discipline estate agency located within the Reading, Newbury and Basingstoke Triangle with four high profile offices in Mortimer, Tadley, Bramley and Kingsclere. They have been operating within the West Berkshire and North Hampshire area for nearly 30 years and have an experienced and professional team handling sales, lettings, land and overseas property. The decision to become a partner agent with Network Auctions was an easy one according to Managing Director David Sansome: “We had been considering handling property auctions for some time as it represents a natural extension to our existing sales and lettings business. Working with Network Auctions allows us to utilise all of the knowledge and expertise we have as local independent agents and combine it with expert auctioneering skills and national coverage. This provides our many clients with the best of both worlds and reinforces the trust we have built up with them over the last thirty years.” As the leading independent estate agent within the North Hampshire and West Berkshire area, Network Auctions are delighted to have Sansome & George join their growing ranks of the best agents across the country and Director Tony Limbrick said: “We are delighted that Sansome & George have joined us and we look forward to working with them in bringing a first class auction service to the areas they cover.” As David Sansome points out: “Whatever the type of property and whatever the client’s particular circumstances, I feel that Sansome & George are able to provide the best sales solution. We naturally welcome enquiries from anyone considering disposing of property and should be pleased to advise and provide more information.” David Sansome can be contacted directly on 0118 981 0022 or by email at ds@sansomeandgeorge.co.uk Further details on their services including auctions and their branch network can be found on their website at www.sansomeandgeorge.co.uk
Auction Sales double in five years Residential property auction sales as a percentage of all sales have doubled in the last five years, revealing a renewed confidence in the auction market. Seven per cent more lots were offered in the first half of the year, resulting in 12,156 residential lots up for sale. Of these, 8,904 lots were sold, which is a 9% year-on-year rise, according to new research from Essential Information Group. Auction Properties sold at auction had been rising steadily up until the peak in 2007, but then fell heavily by 27% from 2007 and 2010 to just 8,138. However, when compared with residential sales in general, the auction market did not experience the same levels of decline, with Land Registry figures showing a 50% drop in residential sales for the same period. In fact, the percentage of lots sold at auction has remained consistent during the last six years, with rates peaking at 78.2% in 2006 and falling to as low as 62.8% in 2008. However, 2011 figures are looking more healthy at 73.2% which is backed up by a stable residential auction market. Going, going, gone
EIG figures show that amounts raised through property auctions increased steadily throughout the last decade, reaching an all-time high in the first half of 2007 with over £1.8bn on receipts. However, the property market correction followed resulting in a sudden decline in values which filtered through to the auction rooms, where in 2008 and 2009, the totals raised at auctions for residential property dropped by 28% and 24% respectively. But the market has now stabilised and the research looks like figures could even improve in the next six months.
The findings by EIG are backed up by strong results from Network Auctions. Director and Auctioneer Guy Charrison said: “Our average success rate in 2011 is 73% and we have raised over £100m. Our first three sales this year have raised £9m compared to £11.3m last year but the actual number of lots sold this year is up 17% which reflects market sentiment for lower value lots. Overall, the number of residential sales at auction as a percentage of all residential sales has doubled from 1.5% in 2006 to 3% in 2011, which EIG believes is a trend that will continue in the coming months and years as sellers and buyers continue to see auctions as an effective way of buying and selling property.
July 2011 Four new partner agents join Network Auctions
We are delighted to announce that four new partner agents have joined our ranks in the last month. Campsie and Co who operate from offices in Windsor, Slough, West Drayton and Staines have joined Horts who are based in Northampton and Rugby, Grey & Co from Wembley and Lane and Holmes from Bedford in bringing auction services to their clients. Network Auctions have partner agents across the country and together they provide a unique combination of local expertise and national coverage for anyone considering selling by auction. By offering this unique approach, sellers have the best of both worlds. Properties are marketed locally by the partner agent as well as nationally via Network Auctions. Toby Limbrick, a Director of Network Auctions said: “We are delighted to announce that such well known and established businesses such as Campsies, Horts, Grey & Co and Lane and Holmes have decided to join us and we look forward to working with them in the weeks and months ahead.” Malcolm Harrison, Managing Director of Campsies added: “We have been looking to enter the auction market for some time and the advantage to us of becoming a partner with Network Auctions is that we maintain our position and relationship with the local market whilst growing the auction business with the professionalism and diligence that is the guiding principle of Network Auctions.” Network Auctions next auction is set for Tuesday 13th September and will take place at their national auction room at Hatfield House. Lots are now being taken for inclusion.
June 2011 Network Auctions’ Guy Charrison is elected Chairman of NAVA
At the Annual General Meeting of the National Federation of Property Professionals (NFoPP) held on Friday 10th June in Guy, who is one of the “I am naturally honoured to have been elected as Chairman of NAVA and intend to build on the excellent work of Melfyn Williams who has worked tirelessly to raise awareness of the both NAVA and auctions as an important and hugely appropriate method of disposal for many property interests. I have worked with Melfyn for many years in delivering training to auctioneers and I intend to promote NAVA members professionalism and skills to an ever widening audience. I hope that over the next twelve months I will be able to help in growing our membership numbers and in ensuring that members get the support they deserve and expect from NAVA.. Whilst I expect to be dedicating a fair amount of time to NAVA I will also be continuing with the “day job” and I would like to thank my fellow Directors at Network Auctions for their support and encouragement in taking on this prestigious role.” Returning to the “day job”, Guy Charrison’s next auction for Network Auctions will be held on July 6th at their national auction room at Hatfield House. Network Auctions work with partner agents across the Network Auctions are rapidly expanding their network of partner agents and can be contacted on 020 7871 0420 or by email t auctions@networkauctions.co.uk
June 2011
Grey and Co join Network AuctionsLeading Wembley estate agents, Grey and Co have become the latest agent to join forces with Network Auctions in order to offer property auctions as an alternative method of sale to their clients who wish to sell quickly and with certainty.
"In an increasingly challenging market, we are continually seeking ways to offer a better and more comprehensive service to our clients. The opportunities presented by our partnership with Network Auctions will add real value to our clients and represents an exciting expansion of our business" said Philip Grey "As exclusive local partners with Network Auctions, we are the only estate agency in the Wembley area who are able to offer this national property auction service to clients. Network Auctions and their partner agents have already held two successful auctions this year which have seen over £6 million of property successfully go under the hammer. Network Auctions have now sold over £100 million of property for their partner agent's clients. Auctioneer Guy Charrison is a highly respected and well known auctioneer and is the newly elected chairman of NAVA, the National Association of Valuers and Auctioneers and so all properties put up for sale are in safe and professional hands. The next auction will take place on Wednesday 6 July 2011 and Grey & Co are keen to hear from property owners who are interested in finding out more about the benefits of selling at auction. "We know the local property market well and so are best placed to advise our clients on the best method of sale. Where it is agreed that selling by auction is the appropriate method of disposal, properties are then additionally marketed by Network Auctions who promote their auctions on a national basis, drawing in much larger buyer interest and attendance. In essence we provide our clients with the best of both worlds – our local knowledge and high profile marketing combined with an auction on a national stage. We believe this is likely to producing the best possible result for our clients," continued Philip Grey "clients really do benefit from this winning formula!" Auctions are fast – the contract is made on the fall of the gavel; certain – no chains, no negotiation, no gazumping or gazundering; efficient – serious buyers with cash and finance; transparent – everyone has an opportunity to bid! Auctions are ideal for residential, commercial and land – for properties that have not sold on the open market; probate or executor sales; properties in need of modernisation or repair; properties likely to attract competition from buyers.
June 2011The Guy Charrison Interview with Rosalind Renshaw, Editor of Estate Agent TodayWednesday 1st June 2011 Interview with Guy Charrison of Network Auctions
May 2011
Network Auctions delivered another successful result at their latest auction on Wednesday 11 May.
Although the number of bidders was down on the March auction reflecting the holiday period surrounding the Easter and Royal Wedding weekends those in attendance were definitely there to buy. "With 18 lots sold in the room and several sales secured post auction there is no doubt that buyers are still keen to snap up sensibly priced properties" said auctioneer Guy Charrison. "Our partner agents throughout the country did an excellent job in creating interest and activity in the room demonstrating a key strength of our local expertise and national coverage". Network Auctions next sale is on Wednesday 6 July at historic Hatfield House in Hertfordshire. Our partnership with leading estate agencies across the country enables us to provide our clients with a first class national auction service combining the strengths of local marketing with the power of a national auction house.
May 2011
The volumes of residential property being sold at auction is increasing as 2011 progresses A report from EI Group on residential auctions across the UK provided the following information. As more clients begin to appreciate the benefits of selling by auction, it is likely that this growing trend will continue.
March 2011A fabulous start to this year's auction saw a packed room at Hatfield house. Lot 1 started the day well with over 100 viewings and 50 downloads of the legal pack. The property market might be slow but auctions is where the action obviously is ! We finished the day selling just shy of £4.5M of property with some strong bidding on many lots, providing good revenue for our partner agents in this quiet property market. (If you are an agent and would like to get involved with developing an auction business then please contact us on 020 7871 0420) One of the highlights of the day was the success of lot 39 where local first time buyer Teri Ellingham and her boyfriend managed to keep a cool head and out bid local investors to buy this 3 bed house. We wish them both well in their new home.
To view our article in The Sunday Times from 3rd April 2011, click here to view the PDF Remember please call us if you would like to know more about your business developing this additional revenue stream 020 7871 0420 January 2011A great start to 2011 with new partners from The Tate partnership in West London, Forte Homes in East London, Surelock Properties of Birmingham, Lawson's Estates in Thetford, Aspect of NW London and finally Holmes Pearman of Basildon join Guy Charrison and Toby Limbrick for training to promote auction services to their clients. Many agents are now realising the benefit of offering auctions with network Auctions at a time when quality instructions are becoming more difficult to secure and an advantage over local rivals is essential. Call us if you would like to know more about your business developing this additional revenue stream 020 7871 0420
January 2011Property Wire confirms that Network Auctions " low cost property auctions set to become more popular in the UK"
January 2011Providing your clients with an auction service is an excellent way to increase your revenue .A normal residential sale that was struggling and might normally have been withdrawn was not only successfully sold at auction but also convinced the client to provide Roberts Newby with 7 instructions to take to the room. A great result and resounding confirmation that offering auctions increases success. All 7 properties SOLD Here is one of the properties.
Call us on 020 7871 0420 if you are interested in your own Auction business.
December 2010An optimistic outlook for 2011 predicted " clouds and silver linings".
December 2010The December sale by Network Auctions at Hatfield House, in Hertfordshire, raised £ 2.7m with a record-breaking 85% of lots sold. Both Roberts Newby and Tudor Estates of Southend sold all the lots they offered at auction – the fourth sale in a row where Tudor has completed a clean sweep. November 2010"There was a real buzz in the room" say Makeoffer.co.uk reporting on our recent sale which achieved a 72% success rate. August 2010
June 2010
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