Purplebricks Share Discussion Threads

[rogthepodge] 03/11/2017 18:20

no such charting pattern as an 'equilateral triangle' lol

it was a pennant, that was just as likely to break upwards as downwards

[rogthepodge] 03/11/2017 18:18

I tried to tell you 'pediment'

[pediment] 03/11/2017 18:05

Well, that broke out the 'wrong' way, target 405.00 for high.

[hpcg] 03/11/2017 17:28

boofay - Your point about chain breakdown is interesting. If (as is speculation about an unknown future) the pre-pay model is the cause of chains breaking down then that might cause related parties, people buying from the PURP seller, and people selling to the PURP seller to avoid that type of seller, or give preference to others. In some ways this would be equivalent to the attraction of first time buyers, cash buyers, and vacant sellers; they are unlikely to cause a chain to break.
Right now I don't think there is the evidence to make a definitive call that this will be the case, and it is certainly outside the time frame of a current short that this will make a difference to the share price, but I can certainly conceive that this will happen.

[luckymouse] 03/11/2017 16:06

re property sold cheap - agree that is sooo annoying - happened to me once but mainly my own fault for trying to sell in a weak mkt - just a yr or so later the prices strongly surged up - the agent didn't mention that & just wanted the ticket of course in a quiet qtr - perhaps they know as much as us at the end of the day - hindsight a wonderful thing!

Practically everything seems to be moving online/on smartphone - so disruption is a given in this industry I think - plus no love for agents will provide the catalyst.
The expression 'seismic shift' in a prior PURP update was the cue - you can't just say that unless something big is happening.

Who will be the eventual winner & the eventual balance between trad/online is yet to be seen - prob depends on who is the most capitalised & aggressive - that's why in a strange way I like PURPs big balance sheet & them being aggressive - it's what it takes. Look at UBER or early days of Virgin Airways - bullied by the big guys but its the underlying demand surge that really dictates the final outcome if you're strong enough to take the initial kicking.

[tonybaloni] 03/11/2017 14:19

I live in a real world, where the lucky few on the inside get the best tasty morsels. Pigs round a trough filling their greedy bellies. Time will tell which selling model endures, I personally think there is room for all, so long as all play fair and do a good job.

[boofay] 03/11/2017 12:05

''Possibly less chance for corruption with Purp, no office for the bent builder / developer etc to bob in every few days and become a familiar face.''

also no office for an old granny to visit or a person to go and see the agent for real advice. We have a 5 man chain at moment..eveyone ready after 4 months..but held up becuase pbricks dont know whats going on at bottom of chain.... or rather dont need to know as already paid by the now very stressed vendor who hadnt sold a house before and thought the pb advert was funny...not smiling now though lol. ..

this issue is so complex that people like you are so busy trying to find a story that applies to about 0.001 of the market the real issues arent being dealt with.


baloni is so living in a bubble, but makes me bite every time.

[andy] 03/11/2017 11:40

rogthepodge2 Nov '17 - 21:38 - 3075 of 3077 0 0
and go with the highest estimate?

not always the best tactic for a sale, Andy

-------

I didn't say that and you are putting words in my mouth!

Your comprehension is not very good, and if you don't understand the meaning, feel free to ask, instead of constantly putting your foot in it!


By getting three quotes (for a selling price!) it would establish a consensus, and perhaps, one agent might possibly have mentioned the plot potential.

At the very least three disparate agents would have been given the opportunity to give their valuation, and one may have mentioned severing the plot as an option, to gain himslef the work.

I would make my decision based on a combination of their valuation, commission, and expectation of service quality. I would not sign sole selling rights, and I would only agree to sloe agency for one month.

I hope that is clear enough.

[elcapital2017] 03/11/2017 08:56

numb nuts , you really a moron arent you! Some people make mistakes but you arent afraid of showing how stupid you are on a regular basis

[rogthepodge] 02/11/2017 21:38

and go with the highest estimate?

not always the best tactic for a sale, Andy

[andy] 02/11/2017 20:41

rogthepodge2 Nov '17 - 19:24 - 3072 of 3073 0 0
'get three quotes before making a selling decision'
---


Quotes for the SELLING PRICE of the property concerned!

we were discussing a property sold too cheaply, come on please try to keep up!

The context of the discussion was crystal clear.

[tonybaloni] 02/11/2017 19:56

Possibly less chance for corruption with Purp, no office for the bent builder / developer etc to bob in every few days and become a familiar face.

[rogthepodge] 02/11/2017 19:24

'get three quotes before making a selling decision'

how the heck do you do that, if the agent presents you with one buyer?

if you mean estate agent quotes for the gig, going with the cheapest won't get you the most scrupulous agent, necessarily

you guys don't half talk some rot

obviously PURP local property experts are just regular estate agents

simply a fraction of the cost

I assume that they are no better, and no worse

[ntv] 02/11/2017 16:48

it wasn't up to me it was up to my partners brother, I had no say in the matter
you can only take a horse to water....
It is up to the agent to market the property in the best possible manner to achieve the best price for the client
I feel that they lost out because the agents failed to advertise the property in best way for their clients especially as they bought the property themselves
it will be interesting to see all the potential tender offers as they never shown
interestingly they were told the buyers were cash buyers and would complete in 21 days
that turned into nearly 5 months with various excuses

[andy] 02/11/2017 16:29

NTV,

I would not have allowed that to happen personally, I would have intervened BEFORE the sale. if there was a plot sized piece of land as part of the house!


This has gone on for years and a PURP LPE could just as easily do it as an AE, it stinks, it is legalised theft, but it goes on, and you won't stop it, and neither will PURP.


As someone said, get THREE QUOTES before making a selling decision!

[tonybaloni] 02/11/2017 11:50

That's a bit of an own goal, you should have insisted on viewing the agents script prior to posting, they are often guilty of missing important items.

[ltcm1] 02/11/2017 11:45

Could the heavy volume be related to the 1BN threshold valuation ie there may be forced buyers from funds that have set critera.

[luckymouse] 02/11/2017 11:01

inst ipo investors have made a fake 300% then

[boofay] 02/11/2017 10:53

If old lady had got 3 agents out it wouldnt have happened.... just becuase purplebricks are saying they are different,,you have no proof a pb agent wont sell houses cheap .... stupid street seems to be getting stupider... the real crime is we live in a system where a loss making business owner can buy a bentley just because he uses the city's money to do it with..that money is probably the old ladies who has trusted the city to invest wisely..not gamble on fake disrupters.

[tonybaloni] 02/11/2017 09:20

Seen that before, estate agents and local builders are known for it in my area, especially when land comes up. Best buddie / bung network has always been an issue.

[ntv] 02/11/2017 08:54

house bought for £240k, re sold and completed within 3 months by the agents (friend) for £296k. Lady was old only about a year ago. She is in home

[ntv] 02/11/2017 08:49

i know of some of those
when my partner has moved and we are all sorted i am going to report 2 dodgy deals to the estate agents ombudsman because i am sick of seeing vunerable people being ripped off