Should I List My House With Purple Bricks In Edmonton?
I am writing this article as a warning to homeowners about this service. Purple bricks is a company founded out of the UK that is backed by a venture capital firm called DN capital.
In 2019 Purple bricks purchased ComFree, our local for ale by owner company and have implemented their systems, logo and advertising strategies. Since 2017 Purple bricks has been under fire from the BBC watchdog about and investigation into misleading their customers as well as another investigation by trust pilot concerning the validity of the reviews by purple bricks customer.
What does this mean to you?
Well first of all, if you know that a company you are planning on dealing with and spending around a thousand dollars on is being investigated for misleading customers, you are taking a big risk. It is not just the thousand bucks you might spend on them that is the only risk.
The big risk of listing with purple bricks in Edmonton.
The real big risk is that your listing will sit on the market and go stale. Once this happens you will be lucky if you get a lowball offer at all. This could end up costing you way more than hiring a real estate agent. Potentially tens of thousands of dollars.
Purple bricks is going to get paid no matter what, so they don’t care if your house sells. They can give you inflated values and get you excited. Home owners love this as it makes them feel rich. The reality is, this is their sales tactic.
9 Reason Not to list with Purple Bricks in Edmonton
- The Current real estate market is a buyers market
In a buyers market you will find that selling your home is the most frustrating that it could possibly be. The buyers know that the market is not good and they will lowball the heck out of you. How are you supposed to gauge the value of your property if you do not get the most recent sold prices often from a real estate agent.
2. A realtor can help you get more money for your house.
A good agent has been in hundred, maybe thousands of negotiation in Edmonton. They have a sense of how far they can push a potential buyer and they are less emotional about it than you are. Hire a professional to get you more money for your home.
3. Realtors have a vested interest
Agents don’t get paid until your home sells, as a matter of fact they incur expenses until your house sell. So they are going to push the heck out of it in order to get it sold.
4. Purple bricks is not locally owned and operated
Purple bricks in Edmonton is not locally owned and operated and they could never understand our local market like an Edmontonian could. There are hidden gems in every neighbourhood and a lot of times you may be able to command a higher dollar value for this type of property. For example do you have an ancient home in a good area with a massive lot? If you do you may be able to subdivide your lot and increase your profits by up to 25%! An Experienced local agent will know this.
5. They may go out of business one day
Purple bricks has had very poor financial reporting in Canada and in the US. What happens to your listing if they pull out of our local marketplace.
6. They are not Comfree
Comfree did a good job in our local community, doing the things for their client base in Edmonton. They understood Edmonton. Purple bricks is from the UK and are not up to speed on our local.
Common Questions about selling your house with Purple Bricks in Edmonton
- Should I list with Purple Bricks in Edmonton?
Call us to discuss this, we may be able to provide you an alternative that will not only save you money but also get your property sold fast and for top dollar.
2. Will I save money if I list with Purple Bricks?
You may possibly save money on commission if you are able to sell with purple bricks. However and experienced professional agent may be able to get you a lot more for your home and suggest things that will increase the value of your home. Always call us before you list with purple bricks for a free walk through and assessment.
3. Who is the best realtor in Edmonton?
The best realtor in Edmonton is however has your goals and interest at heart. Everyone wants the most money for their home. Your agent should recognize this and make suggestions that will help you increase your value.
4. How much commission do I pay purple bricks in Edmonton?
They advertise a low fee of $799, they also will charge more for ad on services like placing your listing on the mld or having someone negotiate for you.
5. Do you pay commission with purple bricks in Edmonton?
Yes you pay a flat fee commission, the problem is that they have no reason to push your house after this. If you call them and ask them why it is not sold, they will prob just suggest lowering the price.
6. Do you pay purple bricks if I don’t sell?
Yes you pay purple bricks whether you sell or not.
7. Is purple bricks comfree?
Purple bricks is a UK based company that purchased comfree.