Purplebricks Share Discussion Threads

[andy] 25/7/2018 21:42

'Rog'


So you just made it up then?


I haven't read that estate agents are going out of business in any great numbers, although the slow down in sales I predicted some time ago is finally arriving, and ten I too expect some to go under, as they do every time there is a market slowdown and slump.


I expect PURP to struggle more though, due to their advance fee policy.....

[rogthepodge] 25/7/2018 21:37

takes one to know one

[sb888] 25/7/2018 20:46

you really are a silly boy numb nuts

[rogthepodge] 25/7/2018 18:39

read the newspapers 'Andy' FFS!

you shouldn't be allowed to invest

maybe that's why you follow a 'shares guru'? too thick to do your own research

[andy] 25/7/2018 18:13

'Rog'


"bricks and mortar agents are going bust, and that business could move to PURP"



Or they could move along to the next guy in the High St!


Where is the evidence that agents are going bust please, are there any figures?

[rogthepodge] 25/7/2018 15:06

sb888 couldn't explain how to hammer a nail, let alone thin markets

what is the volume then ltcm1 and how does it compare with average volume?

[ltcm1] 25/7/2018 14:49

Roger rampant today!

Don't trust summer trading Rog.

Explain to him sb888, o seasoned broker of stocks.

[rogthepodge] 25/7/2018 14:44

house prices are irrelevant

estate agents make money on turnover

very few house sales have been transacted for several years now, partly due to sky high stamp duty and high prices

if house prices fall, turnover might increase

bricks and mortar agents are going bust, and that business could move to PURP

[rogthepodge] 25/7/2018 14:40

I told you all 270 was support

more luvverly lucre

[buywell3] 25/7/2018 14:17

Desperation buying today methinks re a flagging PURP

It now emerges that in the UK property market , valuers appraising properties for sale requiring mortgage valuations are UNDER valuing the properties V the asking price or the price agreed by the buyer

As a result ... Estate Agents in the UK have hit 3 year high levels of properties for sale

ie ... properties are not selling

Chains are breaking due to above valuations

ergo

Prices are going to fall

Which is why the BoE has now decreed that companies involved in the equity release industry need to have MORE CASH on their books

ie

The BoE thinks UK property prices are set to drop

[kron76] 25/7/2018 09:50

Whilst it may be a local indication for the quality of employees and service I'm not sure how much individual experiences help inform for potential investment decisions? There are plenty of large companies out there doing well who are house hold names which I'm sure everyone has either experienced or know someone with a horror story or two?

Really is down to how much (if any) money Purp can make - can they scale up with all the investment and global growth planned - does their business model work and at what scale? is the competition better priced and better at doing the job?

People will always make cost based decisions and go with the cheapest gladly ignoring rhyme or reason to do so.

You get what you pay for in the end so if you can sell your house for a 3rd of the price don't expect the same service.

They have decent ambition so for me it boils down to have they got their cost structure right and can management deliver on their plans?

[rackers1] 25/7/2018 09:06

Come on ? Tips out for the lads "numbnuts"Pleeeeeease

[sb888] 25/7/2018 09:02

Do you really expect people to believe that numb nuts? There is no way you have a friend

[rogthepodge] 24/7/2018 21:51

ok, whatever you say

it's rubbish, but I can't be bothered

[ltcm1] 24/7/2018 20:41

Well from the point of the shareholder, why do Purp agents waste time on two buyers when they should be listing more properties??? There simply is no inventive to waste time like this.

It's like if you pay the builder upfront you are at their mercy, all power you had is removed.

But Rog, the point is even with a good service they don't make money once the humongous advertising budget is paid for.

[andy] 24/7/2018 17:29

rog,


It's just semantics, commission of a 'fee' mean the client has to pay one way or another!

[rogthepodge] 24/7/2018 17:29

if two or more people are chasing the same property, price will be driven up with PURP, same as any agent

what are you talking about ltcm1?

[ltcm1] 24/7/2018 17:02

Yes tickle our fancy Rog :)

KERPEN01 makes a good point though, the Purp model is somewhat basic and a lot of people are happy to pay for a more comprehensive service.

The other thing an agent can do that Purp has no incentive to is an agent can get two buyers for your property and you may end up getting a far better price. Or the first deal breaks down and the agent ends up getting a better price from the second buyer.

[chucko1] 24/7/2018 16:49

Rog, do tell.

[rogthepodge] 24/7/2018 16:45

My friends had a fantastic selling experience with PURP

[kerpen01] 24/7/2018 15:58

I didn't get commissery using these people... just misery. Failed to list our house as requested. Took our money and sat on it for days. When challenged said they didn't like my attitude, trying to bully boy me. I said ok I'll have my money back. Changed their mind but I insisted and got full refund. IMHO no older buyers, half the market by value... are going to use these.

[sb888] 24/7/2018 11:27

I am a shorter. People don't like it. Never been on tern thread

[kron76] 24/7/2018 10:41

Sounds like a plan - that fella filtered already.

Happy trading all