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In the past 12 months to July 2024, Bamboo Auctions has seen a 30% increase in the number of properties being listed by its agent partners for sale by online auction.

Bamboo was built to help agents sell more properties, with an ambition to make online property auctions more accessible for both estate agents and their customers, wherever they are. We’ve seen a significant uptake in the demand for our platform as agents seek to take back control of their own auction service. 

Using online auctions, estate agents earn more of their revenue, faster, which in the current market helps to ensure positive cash flow. 

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In the news… Estate Agent Today: Bamboo Auctions ‘set for best year yet’

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All Wales Auctions is a dynamic and dedicated real auction agency. We specialise in bringing buyers and sellers together across the beautiful landscapes of Wales.

Melfyn Williams BSc(Hons) MRICS PPNAEA PPNAVA CPEA

 Our expertise spans the length and breadth of Wales, ensuring that no corner is left unexplored. From the bustling cities to the serene countryside, we’ve got it all covered!

At All Wales Auction, we pride ourselves on our local knowledge and personalised service, making every transaction as smooth as a Welsh breeze. Whether you're buying or selling, we're here to guide you every step of the way. Let's make your property journey an exciting adventure! If it’s any kind of real estate - land, property, advertising hoarding or even a castle turret we can find your buyer.

Teaming up with Bamboo online service for our auctions was a strategic decision driven by our commitment to enhancing the auction experience for our clients. Here’s why we chose Bamboo:

By partnering with Bamboo, All Wales Auction can offer a modern, efficient, and secure auction experience, with local knowledge aligning with our mission to provide top-notch service and results for our clients.

How would you describe onboarding, support & service from Bamboo?

Has our technology helped your business and teams?

Absolutely, when Covid arrived, we had already started to test Bamboo, so we fortunately were ready, and the Bamboo technology has been a game-changer for our business and teams at All Wales Auction! Bamboo’s technology has simplified and automated many of our auction processes, allowing our team to focus more on client engagement.

How to Kickstart Online Auction Selling in 2025!

Picture this, you launch a property for the ‘Christmas Day’ rush, arrive back in the office a few days later, fed up with all the leftover Turkey sandwiches, ready to kick start 2025 and deal with all your buyer enquiries. After around a month of marketing, viewings and maybe a price reduction, finally a sale has been agreed. Now it’s the start of February and the post-conveyancing works have just started. 

You now have around 151 days to wait for your commission, your client has 151 days of worry and your buyer has 151 days until they can move in. Of course, that's unless they are part of the 33% of all transactions that fall through before completion.

Finally, it’s July, it’s now light when you leave the office and after some challenges and firefighting, you finally have completed the purchase and have been paid!

Or, you could have sold via auction, completed in March, and have a fall-through rate of under 1% to help you reinvest your time and money quicker.

Transaction times for private treaty sales are still a key decision for vendors opting to go the auction route. With the April 2025 changes in SDLT, there is pressure, especially from first-time buyers to complete sales before April. The conditional auction method is already being used to help FTB complete in time whilst allowing for the time for mortgages / additional financing to be arranged. 

Throughout 2024, Online auctions have seen yet another increase in awareness from both sellers and buyers and this has been reflected in the type of lots being offered. This trend looks set to rise again in 2025 with a focus on minimum renovation requirements and ready-to-move-in properties that can be sold for occupancy or investment purposes in a quick, transparent transaction, making auctions an attractive option.

Another trend we are likely to see continue into 2025 is the swift exit of Landlords looking to sell their investment properties. Recent legislation changes and higher taxes are two of the many reasons landlords are leaving the market in huge numbers. Speed, transparency and the ability to attract a wide range of potential bidders help ensure the best price is achieved for your clients, whilst they retain rental income until the property completes.

If you’re an estate agent looking to unlock the benefits of online property auctions, take a look at our recent blog post 

 to speak to one of our property experts.

Have you previously sold via auction online auction before?

The platform was a perfect fit for FG Auctions, allowing us to control every sale and handle each one individually to ensure the best outcome for our client. Whilst there is a place for large mass auction days that some auctioneers favour, our service-orientated model is ideally suited to the white-label platform offered by Bamboo.

How has offering auctions powered by Bamboo helped you?

It has delivered certainty for many of our clients. In a market where Private Treaty transactions can take upwards of 4 to 5 months to exchange, (with pitfalls of related sales collapsing, funding being withdrawn and other legal problems), the online auction attracts funded cash buyers with the certainty of an exchange of contracts when the reserve has been met and the timer goes to zero.

Bamboo is first class – they offer excellent and regular support and are the ideal Partners for us.

Technology never stands still, and this is the case with Bamboo constantly upgrading the platform – the features help the teams deliver up to date data to the clients and inform advice we provide to ensure a successful result. With an 87% success rate our results tell the story.

Lastly, anything else you would like to say about Bamboo Auctions? 

Bamboo are very engaged and hands on, led from the top by Robin Rathore the inspirational founder.

Following the recent interest rate reduction from the Bank of England, our CEO Robin Rathore says that the drop mitigates some of the impact caused by the increased stamp duty rates announced in the Budget:

“We’re seeing a lot more activity in the market than we were 12 months ago. Today’s reduction should accelerate this even further and bring continued confidence and stability.

“While the base rate reduction is an incremental move, and there is still a way to go, it takes the pressure off aspiring buyers and mitigates some of the impact of increased stamp duty rates announced in the recent Budget. 

“With inflation remaining steady, it’s likely that we will start to see further incremental drops over the next six months.”

https://www.express.co.uk/finance/personalfinance/1972594/interest-rates-live-bank-of-england

Nest is an independent, family-owned business. I, Sara, am proud to work alongside some of the finest professionals in our industry. Our dedication lies not only in excelling at what we do but in prioritising the best interests of our clients. Our office is located in the village of Blaby, and we primarily serve the southern Leicester villages. We strive to provide the best customer service while maintaining honesty and transparency.

Yes, before collaborating with Bamboo / Rocket, we worked alongside another supplier as our online auction provider.

Our decision to join Rocket Auctions was greatly influenced by my long-standing relationship with Matt. Having worked with him for many years, I trust him and his strong work ethic.

Partnering with Bamboo/Rocket has allowed us to offer our clients a modern method to sell their properties using online auctions, which also supports a quicker sales process.

The service I receive from Matt is outstanding. His communication is excellent, and I consistently receive positive feedback from clients regarding his assistance.

Whilst some agents (or even branches \ divisions within an agency) may be suited to our self-managed auction technology, we find some still prefer to 'out-source' all auction leads. For this reason Bamboo now have a dedicated team and brand -  

 which can manage the entire auction process for you and your vendor whilst still giving you complete control over marketing and viewings - making sure you still remain in control of the process and your vendor.

0330 088 9659

hello@bambooauctions.com

In the news… Estate Agent Today: Bamboo Auctions ‘set for best year yet’

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In the news… Estate Agent Today: Bamboo Auctions ‘set for best year yet’

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View all Properties

0330 088 9659

hello@bambooauctions.com

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Contact us

What we do

Who we are