Bamboo Proptech Reviews 58

TrustScore 4.5 out of 5

4.5

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Rated 5 out of 5 stars

I was very impressed with my experience with Bamboo proptech. I thought the website was very well structured and easy to navigate. Additionally I was very grateful to have a conversation with Ketan wh... See more

Company replied

Rated 1 out of 5 stars

I was persuaded buy Stags estate agents to buy through Bamboo auctions on Friday, I did buy a parcel of land agreed at 67k and paid a £5,600 deposit. On Monday Stags called me to say they had an admi... See more

Company replied

Rated 5 out of 5 stars

Really great service from James C and his colleagues at Bamboo. James has been really supportive, always on hand to answer any questions and eager to assist with any issues. Very happy. Rob Mitchell,... See more

Company replied

Rated 5 out of 5 stars

James was incredibly helpful when I had technical issues, and when I asked questions he was knowledgeable and patient. He made the auction and the transaction run smoothly. Bamboo staff answered t... See more

Company replied

Company details

  1. Real Estate Agency

About Bamboo Proptech

Written by the company

Bamboo Auctions

The online property auction marketplace.

#AuctionsAreAwesome

For more information contact us on 0330 088 9659 or email hello@bambooauctions.com.


Contact info

4.5

Excellent

TrustScore 4.5 out of 5

58 reviews

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Rated 4 out of 5 stars

Pretty good.

Pretty good.
I would suggest that the 5-minute period added at the close of the auction/last bid should reduce as the time goes on. After 10 minutes it could go down to 3 minutes then 2 minutes then one minute.
It would speed things up at the end but still give bidders the chance of finishing their offers.
And.....the guide price was always too low and unrealistic.

December 18, 2019
Unprompted review
Rated 5 out of 5 stars

Very helpful

Very helpful, Im rubbish on a computer but Robin talked me through it with an end result of a house purchase !! Thankyou Robin. Very happy

May 30, 2019
Unprompted review
Rated 5 out of 5 stars

Highly recommended

Excellent service throughout the whole process, easy to follow with the assistance of the Team who were always on hand to answer my questions promptly. Wouldn't hesitate to recommend Bamboo Auctions to anyone.

December 27, 2018
Unprompted review
Rated 4 out of 5 stars

Updated..........

Let me clarify my rating feedback by saying we found it an unacceptable experience due to lack of knowledge and guidance by the estate agent rather than Bamboo. There was no rude conduct. This was apparently the first time that they had used this website and it showed!
Whilst we experienced some difficulty initially logging on and registering the frustrations did not stop there.
It was clear to see who was currently the highest bidder and follow the bidding process but it seemed too easy for goal posts to be changed!
The auction end time was changed in the last quarter of an hour (we had been the only interest and bidder at this time) and extended by 5 hours.....
Eventually on successfully winning the Aution we found The legal pack and documentation was severely lacking in content to be able to proceed within the timescales set out ( ie; the property was not registered and the whereabouts of the title deed unknown )
Without going in to minute details of the full experience we can summarise by saying the fees of 3.5% payable by the purchaser in the circumstances are exorbitant and seem unjustified.
This may be more a case of Agent shortfalls rather than Bamboo but as this was our first online experience rather than in an Auction house it is an experience we would not choose to use again!!!!!

UPDATE.......... I would like to thank the founder and CEO Robin for taking the time to talk through some of the issues raised in this review. I see this as a very open and positive approach by Bamboo and encouraging that they want to listen.
After our conversation I had a clearer understanding that the estate agent Is responsible for all details of auction. In this instance the agent was new to this platform, as were we, it became a learning experience for us all.
I have changed my star rating to reflect the time taken by Robin who listened to my feedback and concerns and I now feel confident that we will be happy to enter a future auction with Bamboo.

November 5, 2018
Unprompted review
Bamboo Proptech logo

Reply from Bamboo Proptech

Hello

Thank you for your feedback. I'm sorry to read that your experience of this particular online auction was not a positive one, and I would like to address each of your points in turn.

Although I'm glad that your feedback was not directly related to the services provided by Bamboo, we work in partnership with our agents, so your experience of the whole process whether through Bamboo or with our partner agents is equally important to us.

I am sorry that you had some frustrations logging into the system, but I'm glad to see that you were actually the first person to place a bid on the property in question, with almost 7 days to go before the end of the auction.

As you say, you were the only bidder up until 15 minutes before the end. However, the reserve had not been met. You may have seen that the "Reserve Met" indicator was not showing green and it instead was marked with a red cross to indicate the reserve had not been met. This meant that if the timer ended, there would not have been a sale. As a result, the agent extended the timer in order to discuss with the vendor and also allow for some extra time to enable the reserve to be met. We consider this to be completely reasonable in the circumstances.

With regards legal pack and documentation, we can see that you downloaded the legal documents at least twice prior to the end of the auction. One of the main tenements of buying at auction is to make sure you are happy with the legal pack. Given that multiple bids were placed after downloading the pack and no objections raised, we could only assume you were happy with the contents? I'm sorry that in the end you were not, there is still a window of 20 working days to obtain relevant legal documents, although of course you would still be obliged to exchange. This is made very clear throughout the process.

Finally with regards the fee of 3.5% you are right, this is a fee set by the agent themselves rather than Bamboo, however this fee is absolutely transparent across the website and property listing. There is a large "Fees Apply" link under the timer and when placing a bid, we calculate the total amount payable including the fees, so you know very clearly before bidding how much you need to pay. Given that you placed 6 individual bids, we again assumed you were happy with the fees involved.

I'm very sorry that you feel this experienced has tarnished your experience of online auctions as a whole - that is certainly not something we want to happen. We believe that online auctions are making property transactions faster, more transparent and more certain.

Thank you again for clarifying that Bamboo was not actually the reason for your review rating. I would be delighted to discuss your feedback in more detail if you would like to call me directly.

Kind regards

Robin Rathore
Founder and CEO
hello@bambooauctions.com
0330 088 9659

Rated 5 out of 5 stars

From an estate agents prospective

From an estate agents prospective the website is easy to use and easy to navigate your way round. Its great to be able to list a property and let the website do the rest. We listed our first instruction which had a reserve set at £210,000, we achieved £257,000 for the owner. He is over the moon as are we. We also managed to secure our fee from the buyer which was 1.55% of the selling price. This is a truly innovative way to sell property.

February 19, 2018
Unprompted review
Rated 5 out of 5 stars

Finally found myself a property on …

Finally found myself a property on Bamboo, the customer relations within Bamboo is second to none, a big thank you to Jamie for being very supportive throughout and after my purchase.

Many thanks to Bamboo.

Kaye Johnson

July 26, 2017
Unprompted review
Rated 4 out of 5 stars

Bidding is very easy and it is very …

Bidding is very easy and it is very clear if you are the one in front or not. You get a message straight away if someone has out bid you. While not important in the last half an hour of the auction when you are glued to the screen, it IS useful before that.
I felt confident that the system was working properly and that I had not been out bid and did not know it.

The sign up process took a while to do.

If you are SELLING using bamboo auctions then you should know that from half an hour before the end of the auction till the property was sold NINE different people were bidding. This is a very high number, many more than in a normal auction room.

May 16, 2017
Unprompted review
Rated 1 out of 5 stars

One of the worst auction site to deal

One of the worst auction site to deal
With,
It's difficult to access the site and the level of information available is limited

It does a credit check if you want to bid
Which think is really unacceptable
Wh

May 16, 2017
Unprompted review
Bamboo Proptech logo

Reply from Bamboo Proptech

Dear Mr Kader

Thank you very much for your feedback. I'm sorry to hear that you have not have the best experience that we endeavour to provide for every customer.

I would be interested to find out more about the problems you were having around access as I notice you have recently placed multiple bids online, often within seconds of being outbid. If you have any suggested improvements that would have made your experience better, I would be happy to discuss these.

The information available for each property is provided by both the auction house partner that we work with and the seller's own conveyancer. My apologies if you found this to be inadequate or difficult to access. We ensure that legal documents are provided for every online auction running on our site, so that buyers have as much information as possible.

We carry out client due diligence / anti-money laundering verification on all bidders. I hope you understand that this is to ensure that the security and integrity of the online auction is not compromised. In fact, these checks will be a legal requirement from June of this year. The check on your credit report is a soft check only and should not affect your credit rating. We do make this clear before you carry out the verification process.

I would be more than happy to discuss further should you wish. Please do feel free to contact me using the details below.

Kind regards

Robin Rathore
Founder and CEO
0330 088 9659
hello@bambooauctions.com

Rated 5 out of 5 stars

Excellent Support from Bamboo

The advise offered pre, during and post auction was unsurpassable in quality. This was my first property purchase at an online auction; I would not hesitate to do so again, with such professional, accessible, friendly support on offer.

April 3, 2017
Unprompted review
Bamboo Proptech logo

Reply from Bamboo Proptech

Hi Caroline, thank you very much for your review. please do get in touch if there is anything else we can do to assist.

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