Offering on Purplebricks

Antman27

I offered 5k over asking price yesterday through the PB app. The EA who conducted the viewing texted me to say that offers have gone up to 10k over listing price and that I might want to consider upping my offer. 

I'm trying to find out how many offers are actually on the table. I've only got one automatic 'property update' from PB this morning informing an offer has been made.

Looking at past posts on this topic, it seems like the above update must actually be in response to my offer, or maybe there is just one other offer. 

If this is the case, I'll increase my offer by 5k. However if there are multiple offers at +10k then I'd probably have to consider +15k.

Any feedback from PB buyers greatly appreciated. Thank you.

A

MrsBrush

Good luck with the offer, but make sure the vendor is using their own conveyancers, not PPL - who are shockingly terrible! To the point where I have no idea how they get away with calling themselves a legal company. If you are happy with a poor service, radio silence and inexplicable delays, then all good :-(

If I had had any idea just how awful the post sales service was before our offer was accepted (via PB), that despite the house being the best for us by a country mile, we would not have touched it. I have heard from other people that if the vendor appoints their own conveyancers rather than relying on the 'tied' service it isn't quite so bad. 

We are 10 weeks post-offer now and my solicitor has not yet received the sellers pack, despite the vendors sending the info ages ago.

In this case, buyer beware!

Antman27

MrsBrush said:

Good luck with the offer, but make sure the vendor is using their own conveyancers, not PPL - who are shockingly terrible! To the point where I have no idea how they get away with calling themselves a legal company. If you are happy with a poor service, radio silence and inexplicable delays, then all good :-(

If I had had any idea just how awful the post sales service was before our offer was accepted (via PB), that despite the house being the best for us by a country mile, we would not have touched it. I have heard from other people that if the vendor appoints their own conveyancers rather than relying on the 'tied' service it isn't quite so bad. 

We are 10 weeks post-offer now and my solicitor has not yet received the sellers pack, despite the vendors sending the info ages ago.

In this case, buyer beware!

Thank you. The local property expert who showed us the house was actually really nice. This was the first time we had a 30 min viewing (we've always had 15 min) and the EA actually answered all our questions. It was easily the best viewing experience we've had (FTBs, so not much to compare with!). 

Fingers crossed - our offer is accepted AND the vendors use their own conveyancers!

MrsBrush

My advice would be that your offer includes a clause that the vendor uses a separate conveyancer! yes, it will cost slightly more, but it is worth it to save the frustration of having no control over the purchase. It is nerve wracking enough already, and worse for FTB's because it is such totally unknown territory and you need to make it as easy for yourselves as possible.

If the vendor is using the Purple Bricks "pay later" option, which many do - they become tied in to use PPL. They can get out of this by paying an admin fee (which I believe is about £350), but it is worth your while insisting that they do this, and it is in their interests for their sale to pay this premium and dump PPL before they get anywhere near the transaction! If I had known this 10 weeks ago, we would have either walked away or increased our offer by £1k to make sure we didn't have to deal with this absolute dogs breakfast of a company.

babyblade41

I won't even consider viewing a property under PB, buying and selling is hard enough without adding them into the equation 

yllop1101

MrsBrush said:

Good luck with the offer, but make sure the vendor is using their own conveyancers, not PPL - who are shockingly terrible! To the point where I have no idea how they get away with calling themselves a legal company. If you are happy with a poor service, radio silence and inexplicable delays, then all good :-(

If I had had any idea just how awful the post sales service was before our offer was accepted (via PB), that despite the house being the best for us by a country mile, we would not have touched it. I have heard from other people that if the vendor appoints their own conveyancers rather than relying on the 'tied' service it isn't quite so bad. 

We are 10 weeks post-offer now and my solicitor has not yet received the sellers pack, despite the vendors sending the info ages ago.

In this case, buyer beware!

I  empathise! I think we waited 12 weeks before we pulled out entirely! If it takes that long just to forward on infomation which has been completed, imagine how long any independent thought or investigation takes!!