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  • Auction Tribe

    On-line auction - a seller's perspective



    Welcome to Day 3 of "Auction Week" - all this week - on Property Tribes.  We're joining with Bamboo Auctions to bring you a week of content around buying and selling property at auction.

    Today, we look at on-line property auctions from a seller's perspective:

    Bamboo Auctions provides technology to auctioneers across England and Wales, that allows them to operate an online auction.

    Once registered, buyers can search, download legal documents, arrange site viewings and place bids on properties online. Sellers have greater control and can choose when their auction occurs, as well as setting their reserve price. Exchange occurs online, immediately at the end of the auction timer.

    Auction houses already using the Bamboo auctions platform include Clive Emson Auctioneers, SDL Bigwood, SDL Graham Penny, Loveitts, The Property People (who operate All Wales Auctions), Phillip Arnold Auctions, MS Auctions, Nesbits and others.

    A typical property for sale via Bamboo Auctions platform:

    A mid-bed two bed terraced house close to Bangor University.

    Opening bid:  £57,000



    View listing

    Don’t forget, Bamboo Auction are offering all PTers the chance to sell their property at auction with no entry fees — get in touch with them here.

    DON'T MISS -     6 ways of selling an investment property

    UP NEXT  -         Finance deadlines when buying at auction

    SEE ALSO -        On-line auction - a buyer's perspective

    RESOURCE -     Auction Week 2016: Ask the Auctioneer!

    NOW WATCH: 

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **5 reasons to get your FREE portfolio review NOW**