{"id":15868,"date":"2018-04-25T14:15:20","date_gmt":"2018-04-25T13:15:20","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=15868"},"modified":"2018-04-25T14:15:20","modified_gmt":"2018-04-25T13:15:20","slug":"online-estate-agent-purplebricks-sells-76-properties-lists","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/04\/25\/online-estate-agent-purplebricks-sells-76-properties-lists\/","title":{"rendered":"Online estate agent Purplebricks sells 76% of properties it lists"},"content":{"rendered":"

Opting for an online estate agent as opposed to a high street one comes with its pros and cons, but recent research suggests that sellers might be more likely to see a sale through to completion with Purplebricks.<\/strong><\/p>\n

Investec Bank has revealed through research completed by VIGA that of all the properties listed with online agent<\/a> Purplebricks, 76% are successfully sold, which is higher than the UK national average. Of the remaining 24% that didn’t sell, 42% were taken off the market, while 34% were sold by another agent<\/a> and 10% of sales fell through.<\/p>\n

Purplebricks has been in the spotlight recently due to its ongoing row with investment firm Jefferies who claimed earlier this year that the agent actually sold only 51.6% of the properties that were listed in November 2016 within 10 months. However, the latest research, according to Purplebricks, proves that this accusation was false.<\/p>\n

More convenient for customers<\/h4>\n

Customers saved more than \u00a3100m last year by using the Purplebricks fixed fee model instead of the commission-based rates charged by high street agents<\/a>, according to the company, and the increased competition in the industry had forced high street agents to reduce their commission rates in 2014.<\/p>\n

Lee Wainwright, UK CEO of Purplebricks, said: “It is no surprise that more and more people are turning to hybrid estate agents. The transparency, convenience and potential savings on hefty commission rates makes the decision a smart choice. The way that people buy and sell<\/a> property has changed.<\/p>\n

\n

“People want the personal service of Local Property Experts in combination with great technology<\/a> so they can transparently and conveniently interact and see everything that is happening 24\/7.”<\/p>\n<\/blockquote>\n

No sale, no fee<\/h4>\n

Another popular online estate agent, HouseSimple, has also just become a “no sale, no fee” agency and is believed to be the only one operating in this manner. The firm will now be charging sellers a fixed fee of \u00a3995 including VAT once the sale has completed.<\/p>\n

Sam Mitchell, chief executive of HouseSimple, said: “Every single person in our organisation has a laser beam focus on selling properties<\/a>. We also want to provide real clarity of proposition for our customers and believe the best way to do this is to offer one simple proposition; a No Sale No Fee service. This ensures we are completely aligned with our vendors\u2019 objectives.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Opting for an online estate agent as opposed to a high street one comes with its pros and cons, but recent research suggests that sellers might be more likely to see a sale through to completion with Purplebricks. Investec Bank has revealed through research completed by VIGA that of all the properties listed with online… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":15883,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,6],"tags":[316,341],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/15868"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=15868"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/15868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/15883"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=15868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=15868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=15868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}