any advice? Purple Brick

mark_cycling00

In a sellers market you can get away with the purple bricks style of bargain basement service. 

Buyers will cling on to the property and put up with the dreadful conveyancing etc. 
Sellers don't need any advice or guidance on getting a sale at a good price.

But wow the property market is very different now!!! 

It's a total buyers market and buyers can easily ignore any property on sale via purple bricks and go elsewhere 

saajan_12

Jesse009 said:

Pay Upfront is £2000 cheaper.
 

Is that correct, the difference is 2k - if so how much is the total pay later fee? I thought the attraction for PB was the cheap fee, aroudn the £1000 mark. A traditional EA which includes holding viewings, sales progression, etc would charge around 1% which is £3000 on an average £300k house, so not worth going to PB if its around the same price. 

ReadySteadyPop

Albermarle said:

Im not sure if their business model has changed since then.

Due to huge losses, their share price went down 90% in 2022/23.
Eventually they went up for sale and were bought for a Pound by a competitor, but still trade as Purple Bricks.

Wouldn`t fill me with confidence about selling a house.

ReadySteadyPop

saajan_12 said:

Jesse009 said:

Pay Upfront is £2000 cheaper.
 

Is that correct, the difference is 2k - if so how much is the total pay later fee? I thought the attraction for PB was the cheap fee, aroudn the £1000 mark. A traditional EA which includes holding viewings, sales progression, etc would charge around 1% which is £3000 on an average £300k house, so not worth going to PB if its around the same price. 

Good points.