List your property for sale by online auction with one of our auction house partners.
We will refer you to some of our auction house or estate agent partners for a free, ‘no obligation’ appraisal. This appraisal will outline a likely guide price.
The guide price will be priced lower than an estate agent’s valuation. This is further explained in the FAQs section below.
You choose your own auction duration and finishing date, giving you complete control and flexibility over your sale. Your auctioneer and Bamboo Auctions will conduct joint marketing of your property, and list on the major portals.
Our traditional auctions operate with an immediate exchange. This means that when the auction timer reaches zero, and your reserve price is met, a legally binding exchange occurs, guaranteeing you a speedy, certain sale.
You then have 28 days to complete as usual, happy days!
Complete the form below and one of our partners will be in touch.
Auctions require a lower starting price than private treaty sales. This is because the auctioneer is attempting attract more than one bidder, with the aim of multiple bids increasing the value of the property to a price above market value.
This means that you may receive a ‘guide price’ that is slightly lower than anticipated, but don’t be alarmed, it is not necessarily indicative of the value of your property.
At Bamboo Auctions, we do not charge any fees to sellers. We will refer you to an auctioneer on a ‘No Sale, No Fee’ basis, waiving any entry fees. However, some auctioneers may charge commission at varying rates. We advise that you discuss this with the auction house.
The auction process takes significantly less time than private treaty. The valuation and auction preparation period usually takes around 2-3 weeks. Then, the auction can run for any duration between 30 days and 15 minutes, with a 28 day completion period starting as soon as the timer hits zero (subject to your reserve price being met). On average, from first contact to completion, the process usually lasts around 2 months.
Yes. Properties for sale by auction are allowed to have a reserve price, the minimum price that a property can sell for. If bids do not reach the value of your reserve price, your property will not be sold. The reserve price does not have to be made public by the auctioneer. However, the reserve price must be no more than 10% higher than the property’s guide price (the price at which the property is marketed).
While there is no perfect formula for auction duration, our data has suggested that property auctions lasting between 14 and 21 days have enjoyed the most success on our platform.
Yes. The auction process requires sellers to provide a ‘legal pack’ prior to auction. This is to allow all buyers to inspect the same information before purchasing. It may be possible to get the cost of your legal pack reimbursed upon the sale of your property. We advise that you discuss this with your auctioneer.
Exceptionally professional and a very quick turn around for all involved…the purchaser seems over the moon with the outcome as well!
We have recently decided to utilise the Bamboo platform for the online auction service. The system is easy to use and understand with marketing, support and training provided throughout the process. Interested parties also find the bidding process easy enough to place a bid, which is the most important part. We had our first successful sale only a few weeks after joining Bamboo and expect more sales to come.
Bamboo Auctions is the perfect platform to enhance our property auction business and generate an additional revenue stream. We’re pleased to be working with supportive staff who believe in the future of this industry.
At last, a young dynamic company that is genuinely interested in the client and wants to ensure that the client’s needs are met by spending time with them and working through solutions.
Their system for on-line auctions is clear, well-presented and above all else, works! One very happy customer.
We are in the middle of a technology revolution and pride ourselves of being at the forefront of introducing technology that we consider will benefit our customers. The Online Live auction set up appears to compliment what we do, offering our customers the flexibility of auction times and the buyers the flexibility of bidding from their location. Our first lot sold well and we trust this service will continue to prove popular.