Purplebricks Share Discussion Threads

[elcapital2017] 09/11/2017 12:04

said this all along. estate agents have an incentive to get a deal done. PB have already been paid, so incentive goes

[boofay] 09/11/2017 11:58

haha,,sounds familiar them not turning up... he had no wheels or engine in his car probably.

Your partner did well to get more then the agent said. whats nice about agency is that it is a 'market'.. you can try what price you want. The trick is having a motivated agent to try hard for you.

We had an offer last week 20k under what vendor wanted..my staff said no as vendor instructed and buyer went away. I called the buyer again last night and get £15k more from him and sold the house...so even in my agency it took me and a long conversation to get the deal done..imagine if the client had already paid me ( like pb) model...i would have gone home early and not even called the buyer..

i know my story can be attacked here as poor agency etcetc..but in the real world we all know who the people who can get results are and who cant.. it is that important to get a good agent... its easy to do with local boards, the feeling you get from 3 agents when they value your house. etcetc..try doing this when getting quotes off 3 builders...wont get the quote for 1 month at least if your lucky.

[ntv] 09/11/2017 10:30

the agents prices varied by 10%
fees varied from 0.5% to 1.5%
and purple bricks didn't even turn up!

[ntv] 09/11/2017 10:28

not trying to be special boofay just saying that how prices appear to be random
the property market is weird.
and sometimes it is just a matter of luck
not sure how they price houses sometimes
the agent my partner went with was the lowest on price and commission but she got a price higher than he had said though it could still fall through

[boofay] 09/11/2017 10:18

Tbf this is why agents should be paid more. Having to listen to everyone's boring stories about how they beat the market and they are special... zzzz
All u need to care about is how many units an agent can sell. Pb have already hit peak oil. They don't retain any customers. They have to spend all their money on finding new suckers who think an uber with no wheels or engine is good because everything on the tinternet is good....

[ntv] 09/11/2017 09:56

My son has just bought a house at a price very similar to 2016 in the west midlands
price was cheap for what it is, three double bedrooms, good size lounge and kitchen diner.
nothing within 10% of what he paid luckily came on two days after he sold and the family grabbed at his offer
west midlands prices appear to be going up still

My partners property has yet to complete but was a good price above 2016 valuation
some 9%

[bbmsionlypostafter] 09/11/2017 09:37

Short up again, now at 2.66%.

[phowdo] 09/11/2017 09:36

Needs to break 340 to the downside to confirm the downtrend. Otherwise its just stuck in this 340-400 range as previously noted.

[andy] 09/11/2017 09:26

LOL!


That normally happens to me too!


I am looking at the recent support line of 350p, if that goes it may go lower, we shall see.


Double whammy of poor CWd figures today and press reports about a slowing property market and lower prices in some parts of the country. London drives it, and it's going down currently.

[ntv] 09/11/2017 09:09

closed my short this morning
but i think it is shorts weather
going to wait a bit before re shorting

[andy] 09/11/2017 08:58

News reports out again today about falling property prices and falling sales in London and some other areas of the UK. Couple that with CWD's report, and no real surprise Foxtons and PURP are down in sympathy, they are all feeding from the same trough.


I have been expecting a house market fall for some time, nothing goes up forever, and affordability is the issue, and even government tinkering with stamp duty will not change that, IMO.


The stamp duty change will not benefit as many people as some are assuming, there are still many homes under the threshold outside London and the SE.

Once people expect prices to go lower, I suspect many first time buyers will hold off a potential purchase, or try to drive a hard bargain which sellers will resist. That will lead to a very slow market, which is negative for all listed property sellers, including PURP, n fact especially PURP IMO.

Once more media reports of people paying an advance fee and the house not selling become more common knowledge they will have to change their model, IMO.

[elcapital2017] 09/11/2017 08:48

thanks tony! today also by the look of it!

[tonybaloni] 08/11/2017 16:06

Well called elcap, today is yours.

[rogthepodge] 08/11/2017 15:44

how's your £50,000 crowdfunder going, 'bbmisonly'?

[bbmsionlypostafter] 08/11/2017 15:30

Maybe 350p by close of play today, the way this is going.

[rogthepodge] 08/11/2017 15:25

I bought below 300p

what's your point 'wise'acre? oh obsessed one

I'd love to know what your relationship is to Uncle Tom Winni

leader of the muppet minnions

[wiseacre] 08/11/2017 14:26

I shorted at 480p. Are you still enjoying being rogered Rog?

[bbmsionlypostafter] 08/11/2017 13:33

350p by Friday?

[ltcm1] 08/11/2017 13:28

Well he does come accross as a dinosaur. Perhaps he will become extinct after this trade???

[elcapital2017] 08/11/2017 13:17

numb nuts

you lost almost everything on GLOBO, QPP and SGH.

I need say no more