Record breaking quarter for agents

Record breaking quarter for agents

by Bamboo
21st Oct 2020

Estate agents and auctioneers who are using Bamboo Auctions technology to control and power their own online auction platforms have enjoyed historic and record breaking months.

Clive Emson Auctioneers, Fisher German, Hunters and Bradleys are among a large number of agents who have been successfully selling properties by online auction across the lockdown period with Bamboo’s technology.

Across all Bamboo platforms, over 5000 bidders have registered for online auctions in the last 3 months and agents have collectively sold almost £70m worth of property through their online auction platforms.

Growth is continuing and Bamboo has almost 200 properties listed in October and November across all agent websites.

Robin Rathore, CEO of Bamboo Auctions said,

“Our presence in the market was growing quickly prior to lockdown, and during this period of time we’ve been showing our value in the market.

“The market is bouncing back rapidly at the moment, and online auctions are a great way to ensure certainty in the transaction. Whilst conveyancing is catching up on the backlog of transactions, properties sold by online auction already have legal packs in place and so are completing faster.

“Our customers have complete control of their own online auction platforms, and don’t need to depend on outsourced providers for auction revenue. We were there to support our customers and help them to generate revenue in a safe way, throughout the lockdown period.

“Whatever happens in the future, our online auction technology will continue to provide a fantastic opportunity for agents to win more instructions and generate revenue faster, whilst retaining complete control over the service to their vendors.”

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