Purplebricks
An online estate agent with a fixed fee
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Purple Bricks
Discover if selling through Purple Bricks is for you
Based in Solihull, Purple Bricks is a well-known online estate agents who claim they're number 1 at selling houses for 2 years running.
About Purplebricks
Based in Solihull, Purple Bricks is a well-known online estate agents who claim they're number 1 at selling houses for 2 years running.
Purple Bricks offer a free home valuation from one of their local property experts, whether this be a letting property or a sales property. There's no obligation to go ahead with them after the valuation.
Their website claims that they get your house on the market in the fastest possible way.
Here's how you sell through Purplebricks:
Book a free valuation with a local property expert. Included in the valuation is comparable prices, the latest market data and their opinions on the best strategy to sell your home
You can meet your local expert and have their mobile number for instant contact
Once you instruct Purple Bricks, they'll take professional photos and create a floor plan and description. They'll also provide you with a for-sale sign
Purple Bricks will then list your home on the open market
Potential buyers can request viewings online and you can communicate with them about the best day and time
Through the app, you can get feedback and offers
Once you've accepted an offer, Purple Bricks' post-sales support team help you with conveyancing and completing
Purplebricks Fees
Purplebricks charge a fixed fee rather than a percentage. For London and surrounding areas the cost is £1,499 inc VAT, for the rest of the UK they charge £999 inc VAT. But what's included and what's extra?
Included:
Optional extras:
Accompanied viewings, £399 in London and surrounding areas or £300 for the rest of the UK
House listing upgrades
What you need to know about Purplebricks fees
On an initial look, Purple Bricks is an attractive option as it offers a cheaper alternative for selling your house when compared to high street estate agents. But there is a reason behind why their service looks to be cheaper.
Unlike a ‘traditional’ estate agent, Purplebricks won’t automatically cover your viewings for you and will charge you extra for this privilege. If you live in London or surrounding areas then you will be charged an extra £399, or £300 if you live outside of London.
You will also have to pay an extra £360 if you choose their ‘pay later’ option and don’t want to use their conveyancing service. Even if you choose the pay later option, you will still have to pay the fee, even if your house doesn’t sell. You will also have to pay extra if you wish to have advert upgrades.
Purplebricks will offer no negotiation with their fees and no matter the price your house sells for, you will have to pay the same fixed fee. Some could say with there being no commission, Purple Bricks have no desire to get you the best price for your house.
Also, with Purplebricks being an online estate agent, the ‘local property expert’ valuing your property could be covering a 30-40-mile radius, meaning their local knowledge of your area will be limited, which could mean the valuation for your property isn’t accurate.
Purple Bricks reviews
Claiming they are the most reviewed estate agent ever, Purple Bricks have reviews on Trustpilot, Feefo, Reviews.co.uk and more:
| Platform | Reviews | Rating | 3 Stars & under |
|---|---|---|---|
| Trustpilot | 83,864 | 4.5/5 | 5,089 |
| Feefo | 5,553 | 4.6/5 | 548 |
| Reviews.co.uk | 326 | 1.4/5 |
Reviews correct as of 14/10/2021
Pros and cons of Purplebricks
| Pros | Cons |
|---|---|
| ✔ Great reviews on some platforms | ✖ Unless you pay extra, you book and hold the viewings yourself |
| ✔ Fixed selling fee; if your home is of higher value it can pay off | ✖ Some review platforms rate them very poorly |
| ✔ Flexible payment options | ✖ You communicate with potential buyers yourself 24/7 |
Purplebricks vs high street estate agents
Purplebricks will offer you a ‘local property expert’ to value your property, who may not actually be from the local area and may cover a 30-40-mile radius, meaning their knowledge of your local area is limited, giving you an inaccurate valuation.
A high street estate agent, however, will be local to your area and so the estate agent who comes to value your property should have good local knowledge and be able to give you a fair valuation.
Purplebricks will charge you a fixed fee, whereas a high street estate agent will work on a commission basis, meaning Purple Bricks will tend to end up a cheaper option. However, with Purplebricks, you will have to pay the fixed fee regardless of whether your property sells or not, unlike high street estate agents where you will only pay if your property sells.
With both Purplebricks and high street estate agents, there’s no guarantee your property will sell and you will have to deal with preparing your house for constant viewings, with no promise a viewing will turn into a sale.
Why not compare us?
At The Property Buying Company, we buy houses fast, much faster than estate agents whether online or on the high street. We don't charge any fees and can even provide you with a solicitor at no charge. With us, you don't have the hassle of messages from potential buyers or holding multiple viewings.
We are highly rated on Trustpilot, and are regulated by The National Association Of Property Buyers and The Property Ombudsman. Getting a quote with us is quick and easy, and we can buy your property in 7 days. If you're looking at selling through emoov, why not get a cash offer from us too?
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