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  • FIRST POST
    • JamesN
    • By JamesN 7th Jun 19, 11:43 PM
    • 617Posts
    • 155Thanks
    JamesN
    Purplebricks, Yopa or private
    • #1
    • 7th Jun 19, 11:43 PM
    Purplebricks, Yopa or private 7th Jun 19 at 11:43 PM
    Hi

    Update 23/6: I’ve now gone with an estate agent having listened to the majority.

    Thanks all.
    Last edited by JamesN; 27-06-2019 at 9:49 PM. Reason: More detail
Page 3
    • gaz_moose
    • By gaz_moose 10th Jun 19, 10:22 AM
    • 42 Posts
    • 20 Thanks
    gaz_moose
    I don't think I would entertain a house that was being privately sold. if you do wish to go down that path maybe look at the £100 pound estate agents, that way your property will make it onto rightmove/zoopla etc..

    although i viewed a property listed by one of those £100 specials and it took over a week for them to get back to me to arrangle a viewing.
    • Davesnave
    • By Davesnave 10th Jun 19, 11:42 AM
    • 29,496 Posts
    • 102,316 Thanks
    Davesnave
    We sold and bought privately at the same time, but when things like that happen there are usually special circumstances, including a highly desirable area and people who know each other or on a local grapevine.

    For example, we tapped into staff seeking property close to a regional hospital and bought a friend's house. Even though we lost our first buyer, we got another in days.


    Without the special location, we'd have struggled.
    Opportunities may be missed, especially when they arrive disguised as hard work.

    • JamesN
    • By JamesN 10th Jun 19, 12:13 PM
    • 617 Posts
    • 155 Thanks
    JamesN
    I don't think I would entertain a house that was being privately sold. if you do wish to go down that path maybe look at the £100 pound estate agents, that way your property will make it onto rightmove/zoopla etc..

    although i viewed a property listed by one of those £100 specials and it took over a week for them to get back to me to arrangle a viewing.
    Originally posted by gaz_moose
    Yeah. It would be private through doorsteps so Iíd still get the listing on the big sites. I get what you mean. You do worry there is something a bit uneasy when dealing with that.
    • Gstrang81
    • By Gstrang81 10th Jun 19, 12:56 PM
    • 19 Posts
    • 45 Thanks
    Gstrang81
    The house we have recently bought was sold through PB, we had no issues and the vendor also said they're pretty good. However, we went to see another property being sold through PB and it was disgusting! The house was absolutely filthy, holes in the walls, drawer fronts missing from the kitchen etc. The vendor was doing the viewings himself and had his fully grown son in the property who wouldn't leave his room which left us unable to view one of the bedrooms and the en suite. This isn't usually the kind of things you expect to happen with EA led sales and to be honest, it really put us off the property.

    We sold using an actual EA and the service was great. Arranged a fixed discounted fee and told us about the properties she had coming up for sale before they went on the market. She found a potential buyer for our house before it was advertised and it ended up being sold for full home report value after less than 24 hours on the market. The EA cost us hundreds of pounds but I really doubt we would have sold our house as quickly if we'd used PB for example. Our sale went pear-shaped afterward but I can't really blame her for that
  • archived user
    I agree they need to charge that much to cover their bases but that doesnít make it good value in all instances. The ones in more expensive houses subsidise the ones in less expensive houses. Plus the ones with lots of quirks versus the standard new build. I guess thatís where my bias comes in because my property is very standard, no quirks, safe searches etc.

    Iím not too trusting in letting other people look after such important things as If something is going wrong id rather be at the forefront rather than dealing with a middle person. Itís probably where I differ as I assume people would prefer the reverse.
    Originally posted by JamesN


    PBs average completion rate is around 30% but they get paid on 100% of instruction and still cant make a profit. PB still have to rely on investor money just to keep trading and they have a huge staff turnover because the Local Experts just cant make a decent living.


    Here are some figures for you taken directly from their own website


    Current Listings - 38821


    FS - 20594


    SSTC - 18221


    3 in 10 will fall through so 5468


    12759 will complete = 32.8%


    They have no incentive to make sure your sale completes as they have already been paid.
    • SmashedAvacado
    • By SmashedAvacado 10th Jun 19, 3:58 PM
    • 938 Posts
    • 922 Thanks
    SmashedAvacado
    This question is best considered in the context of the type of property you are looking to sell and the market of the location that you are selling in. If the market is buoyant, then perhaps one of the cheaper agents is better because you will sell in any event, and its all about getting people through the door, which with plenty of buyers, wont be a problem.

    If you are in a flat market then i would go with an agent who would have the same incentive as me for the property to be sold.

    paying 1% plus VAT is worth it in almost all cases. The agents will probably get you more exposure and be able to get you closer to the asking price. If you go with a cheap agent, people will know you are paying less, and will probably offer you less (i would).
    • caprikid1
    • By caprikid1 10th Jun 19, 4:00 PM
    • 869 Posts
    • 928 Thanks
    caprikid1
    A quality high street estate agent will often now work for 1% or less.


    A good high street estate agent will most likely cover their fee's in the higher price and managing the sale properly.
    • Davesnave
    • By Davesnave 10th Jun 19, 4:18 PM
    • 29,496 Posts
    • 102,316 Thanks
    Davesnave
    A quality high street estate agent will often now work for 1% or less.

    A good high street estate agent will most likely cover their fee's in the higher price and managing the sale properly.
    Originally posted by caprikid1
    A case in point was the retirement bungalow we refurbished, which we wanted £146k for, so advertised at £150k.

    It took some time in a slightly special market like that, but eventually the agent rang to say they had the £146k on the table, but they could probably push it up to cover their fee. Would we like them to try that? Would we....!

    Ten minutes later, they rang back to say the deal was done at £148950.

    Quite apart from getting the price we were after, the agent also shielded us from direct negotiation with an 82 year old, which is something we wouldn't have relished....though she turned out to be well-loaded and ripped our several quite expensive things we'd just put in!
    Last edited by Davesnave; 10-06-2019 at 4:21 PM.
    Opportunities may be missed, especially when they arrive disguised as hard work.

    • googler
    • By googler 11th Jun 19, 5:19 PM
    • 15,340 Posts
    • 10,094 Thanks
    googler
    Yeah. It would be private through doorsteps so Iíd still get the listing on the big sites. I get what you mean. You do worry there is something a bit uneasy when dealing with that.
    Originally posted by JamesN
    If you're using Doorsteps to advertise it, it's not a 'private' sale....
    • JamesN
    • By JamesN 11th Jun 19, 10:23 PM
    • 617 Posts
    • 155 Thanks
    JamesN
    If you're using Doorsteps to advertise it, it's not a 'private' sale....
    Originally posted by googler
    I thought Doorsteps just did the listings for you on their basic package. In short, youíre just paying to get it listed on Rightmove, etc.
    • googler
    • By googler 11th Jun 19, 10:29 PM
    • 15,340 Posts
    • 10,094 Thanks
    googler
    I thought Doorsteps just did the listings for you on their basic package. In short, youíre just paying to get it listed on Rightmove, etc.
    Originally posted by JamesN
    Yes, and that puts it on nationwide & worldwide view of the general public, in order to publicise it to them.

    How does that qualify as "private"?

    Surely a private sale is one in which you find your buyer and conclude the sale without making this known to the public?
    • JamesN
    • By JamesN 12th Jun 19, 12:09 AM
    • 617 Posts
    • 155 Thanks
    JamesN
    Yes, and that puts it on nationwide & worldwide view of the general public, in order to publicise it to them.

    How does that qualify as "private"?

    Surely a private sale is one in which you find your buyer and conclude the sale without making this known to the public?
    Originally posted by googler
    Iíd class private as having no agent involved. A bit like when you list a car on auto trader. If itís an individual itís private if itís a business itís trade.

    For me itís a reference as to who closes the deal rather than who markets it.
    • pattypan4
    • By pattypan4 12th Jun 19, 5:58 AM
    • 314 Posts
    • 1,242 Thanks
    pattypan4
    I avoided viewing all PB properties, the good EAs were worth every penny to the sellers, the best ones had done their homework and were able to answer questions about the property. I chose a good EA when I was selling, EA guided me through difficult times and their legal team finally got the purchase through, they knew exactly the right words to shift the purchaser from a stale point and the transaction finished on a good note. Was worth the cost without any doubt
    • JamesN
    • By JamesN 12th Jun 19, 3:03 PM
    • 617 Posts
    • 155 Thanks
    JamesN
    Well I must say I didn’t expect to be in this position but I’ve started looking at some estate agents. I’ve called 6 so far. One has a fixed fee of £2,400 which is decent. I’ve got one down to 0.85% + vat.

    What swayed it for me is how put off buyers are when dealing with purple bricks. Plus estate agents will have a bigger pool of buyers that may be interested. I want to sell quite quickly (though not to the detriment of the price).

    Does anyone have any tips for choosing an estate agent? I’ve looked at some listings they have on Rightmove and they’ve got varying levels of quality. Some pictures are very low res which puts me off.
    Last edited by JamesN; 12-06-2019 at 3:05 PM.
    • rlg3961
    • By rlg3961 12th Jun 19, 3:29 PM
    • 20 Posts
    • 14 Thanks
    rlg3961
    As someone trying to view a property with PB I would say AVOID

    I've had my viewing rescheduled three times so far in less than a week with no explanation. PB/the agents think nothing of cancelling with a few hours notice. The houses are overvalued in my opinion too.
    • jimbog
    • By jimbog 12th Jun 19, 3:57 PM
    • 973 Posts
    • 1,689 Thanks
    jimbog
    You could look at Rightmove's sold listings for your area and see what the actual selling price (Land Registry price) and asking price was. Also, what agent seems to be getting sales there too.
    Always remember that you are absolutely unique. Just like everyone else.
    • Alybea
    • By Alybea 12th Jun 19, 3:58 PM
    • 153 Posts
    • 145 Thanks
    Alybea
    We went for the one who took the best photos.
    Not very scientific, but they all cost the same and all chatted the same rubbish sales patter.
    But making the house look appealing on Rightmove to entice viewers in was something some if them just didn't seem to grasp. Taking a photo on an iPhone in 2019 does not cut it.

    We discounted the house we're buying because the photos were rubbish, we only viewed it because the estate agent was showing us another house nearby and offered to take us, while we were in the area.
    • muhandis
    • By muhandis 12th Jun 19, 4:09 PM
    • 980 Posts
    • 729 Thanks
    muhandis
    As a recent buyer, I had a poor experience with properties advertised by PB. It was hard to set up viewings (presumably because it involved me suggesting a time, then PB dropping the seller an email, waiting for them to respond and then coming back to me), most of the properties were speculatively priced with the owner in no hurry to sell and the PB equivalent of the estate agent displayed very little interest in selling.

    All this is in comparison to my experience with more "traditional" estate agents.
    Last edited by muhandis; 12-06-2019 at 4:11 PM.
    • JamesN
    • By JamesN 14th Jun 19, 5:44 PM
    • 617 Posts
    • 155 Thanks
    JamesN
    So I’ve done some negotiating. Just trying to decide between national chain or local independent. I’ve got a good deal with a local but their database is half the size. Though I’d like to think the listing on Rightmove is the major factor and the sales pitch. Any thoughts?
    • warby68
    • By warby68 14th Jun 19, 6:04 PM
    • 1,359 Posts
    • 10,866 Thanks
    warby68
    Unless your property might need interest from all over the country to attract a buyer, which a new build is unlikely to, I'd go local but ask around- make sure its the right local one. If you can't get third party feedback and don't know the local players very well, have a chat with a couple of staff and a senior negotiator type person or preferably a partner - gives you a feel for how they operate.

    Our local firm is brilliant at negotiating between buyers and sellers so that each feels they got a good deal - they are a little more open perhaps than some about each other's circumstances. We've bought and sold with them so seen both sides. Its the negotiation/persuasion/reassurance that gets many deals done, the good photos are only the first hook
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