Bamboo Auctions has joined forces with estate agency Chartwell Noble, specialists in prime, country properties, to help them launch and power their new online auction offering, Auctions by Chartwell Noble.

This is the first time Chartwell Noble has offered an auction service to its clients, a move that comes following increased interest and demand from customers.

In the last 12 months, Bamboo Auctions has seen a 27% increase in the number of properties being listed by its agent partners for sale by online auction. With average private treaty transaction times in the market now over six months, agents are looking for other ways to sell properties faster, with more certainty, delivering greater value and a faster selling alternative for their clients.

Bamboo’s market-leading technology will give Chartwell Noble’s agents the power to offer, manage and control their own online auction service. Agents retain complete control over their vendor relationships and property listings, managing everything from start to completion, with support and guidance from Bamboo when required. Properties can be listed at any time, giving sellers complete flexibility over the transaction timescales. Buyers can search, download legal information for the property, arrange to view and place bids online, with a legally binding transaction occurring when the time period ends.

When using online auctions, the turnaround time to completion is reduced to between five to six weeks, meaning that estate agents get their fee almost 80% faster than a traditional sale.

Ross D'Aniello, Managing Director, Chartwell Noble Estate Agents, said: ‘’With a large volume of clients coming to us with ideal properties for auction, we want to offer a service and work with a partner that aligns with our values as an agency, consistently providing the very best service, with innovation at our heart.

“Partnering with Bamboo Auctions has given us the opportunity to offer our own auction service, retaining full control of the sale but powered by their market leading technology. Speed, transparency and certainty of sale mean that clients who have already used the service have been really impressed, with positive outcomes for all parties. We look forward to building our auction offering further with the continued support of Bamboo.”

Robin Rathore, CEO, Bamboo Auctions, said: “We’re delighted to be working with Chartwell Noble. With such a strong reputation in their market, we are pleased to be an integral part of their ambitious plans as they expand their offering. Being able to expand their existing offering with an online auction service is fast becoming a popular choice for agents all over the UK. Integrating our technology is quick and easy, and we provide full onboarding support so agents can provide the best quality of service to their clients. Bamboo enables a quicker transaction which means agents earn higher fees, faster.’’