Privvte Sales Rules

Brostie

I've had an offer accepted on a property and mine is up for sale - both through Purple Bricks. However I haven't yet paid their fee and I now have some interest from a neighbour (who I think is currenly renting). If the neighbour makes me an offer can I opt for a private sale? And if I do what will Purple Bricks say/do? Will I still have to pay them their fee for the sale?
Any advice gratefully received.

theartfullodger

https://forums.landlordzone.co.uk/forum/conveyancing-questions/1043529-private-sale-rules

Comms69

Brostie wrote: »

I've had an offer accepted on a property and mine is up for sale - both through Purple Bricks. However I haven't yet paid their fee and I now have some interest from a neighbour (who I think is currenly renting). If the neighbour makes me an offer can I opt for a private sale? And if I do what will Purple Bricks say/do? Will I still have to pay them their fee for the sale?
Any advice gratefully received.

Cant read your contract from here; I suspect though that yes you will pay the fee.

Brostie

It wouldn't allow me to add the link to the T&Cs

Comms69

Brostie wrote: »

It wouldn't allow me to add the link to the T&Cs

No but you can read them and check cant you?

G_M

What does you contract with PBs say?


That's where the answer will be.

Finchy2018

you pay purple bricks regardless of if you sell or not.

Edited to show an excerpt from their website


PAYMENT TERMS – EXTREMELY IMPORTANT


PLEASE READ CAREFULLY:
If you choose to Pay Later you shall make payment in full of the Product Service Fee when any of the following occurs, whichever happens first:

When the property sells and the legal process is complete or
If you withdraw your instructions for us to market the property or
If you choose not to use the Conveyancing Services or
Ten months from the date you enter into the Service Agreement.

Comms69

Finchy2018 wrote: »

you pay purple bricks regardless of if you sell or not.

Edited to show an excerpt from their website


PAYMENT TERMS – EXTREMELY IMPORTANT


PLEASE READ CAREFULLY:
If you choose to Pay Later you shall make payment in full of the Product Service Fee when any of the following occurs, whichever happens first:

When the property sells and the legal process is complete or
If you withdraw your instructions for us to market the property or
If you choose not to use the Conveyancing Services or
Ten months from the date you enter into the Service Agreement.

That's very helpful, but worth noting that may not be the terms on the OPs contract.

eddddy

Comms69 wrote: »

That's very helpful, but worth noting that may not be the terms on the OPs contract.

PBs contract terms have always been broadly the same - you pay whether or not the property sells.

If the OP hasn't paid yet, it sounds like they opted for 'Pay Later' - which ties them into using PB's conveyancers - or paying an extra admin charge of £360 instead of using their conveyancer.

Link: https://www.purplebricks.co.uk/terms/service-agreement