Bamboo Auctions, an online property auction marketplace that provides white labelled online auction technology to agents and auctioneers, has announced it has signed exclusive partnerships with Hunters Estate Agents and Fisher German.

In doing so, Bamboo will be providing over 250 agency branches with access to their own branded online auction platform.

Hunters, who have switched to Bamboo from a competing provider, will use Bamboo Auctions’ technology to power all online auctions across its 200 strong franchise network.

This follows an exclusive partnership signed earlier this year with Fisher German, a 16 branch multi service agency. Fisher German have just launched their platform along with their new website.

Both Hunters and Fisher German have successfully sold their first few properties online, through their own branded white labels, with more vendor instructions flowing in.

Stuart Flint, partner in charge of transactional business at Fisher German commented,

“Online auctions offer numerous advantages for us and our clients and given the transparency of the process and the high level of visibility, I foresee huge growth in this method of sale. The system allows our private clients to enter appropriate lots all year round, alleviating the need to wait for an appropriate collective auction but it is perhaps our corporate clients and other institutions we act for who may see the greatest benefit. These clients in particular will see the advantages of this open pathway to sale and probably the ultimate test of market value attainment.”

Gemma Jaques, auction manager at Hunters said,

“We are pleased to be working with Bamboo Auctions, which enables our local franchised agents to participate in property auctions throughout the UK.”

Robin Rathore, CEO of Bamboo Auctions said,

“We are delighted to be working with such reputable agents as Hunters and Fisher German. Our aim has always been to grow the auction sector as a whole, through greater use of online auctions, and we’re excited to be working with these innovative agents to achieve this ambition.

“Asides from being more cost effective and delivering more value for money for agents, one of the major attractions of working with Bamboo is that we do not disrupt the agent’s relationship with their vendor. We believe that an agent’s good reputation is one of the cornerstones to their success. There is no substitute for a handshake in this industry and we recognise that. Instead, we provide the technology, support and know how to make agents' jobs more efficient."

Prospective buyers can search, register and bid for properties online through Bamboo’s website (www.bambooauctions.com), as well as access each individual agent’s properties through their respective websites.

Agents who are interested in receiving a free white label of Bamboo’s technology can get in touch by email to hello@bambooauctions.com.