Purplebricks Share Discussion Threads

[kreature] 08/1/2023 11:36

The dashboard here may light up like a Christmas tree with various warning lights. But if it’s not going to run out of money, then is it time to invest? Also isn’t it relatively easy to buy a new car with finance and balloon payment at the end ?

[kreature] 07/1/2023 22:12

Give it another 6 to 12 months maybe? …..cost of living crisis plus 1.8m fixed rates ending and needing to be refinanced at a higher rate ? New car sales up 18% in Dec tho somehow.

[diku] 07/1/2023 22:07

Talking of no money???...how come I'm seeing plenty of top end newer cars aka, Mercs, BMWs, Audis, Range Rovers, SUVs etc etc on UK roads...am I missing something...most probably are on cheap monthly finance deals and not bought outright...so money is still sloshing about...



Considering no-one has got any money ?

[kreature] 07/1/2023 19:03

1.8 million Uk mortgage holders need to refinance at higher rates this year as fixed rates come to an end. Anyone know how that will affect/effect sentiment here? Considering no-one has got any money ?

[kreature] 07/1/2023 18:04

Oh hang on. Best not to read today’s review. How is trustpilot allowed? It must be putting thousands of people off from starting a business ? Then they are somehow allowed to criticise individuals by name, when it may not be that individual’s fault. Shouldn’t be allowed imo

[kreature] 07/1/2023 17:59

There must be some reason to buy here? :

Over 200 and something new sales instructions per week at least ?
No sale No refund
No debt
Admin costs hopefully falling
Customer service improving ? well hopefully
Fees increasing, reassuringly expensive?
New Mortgage revenue to help offset falling instructions?
Lettings revenue to increase with rapidly improving customer service ?

[kreature] 07/1/2023 10:45

….not a lot in grand scheme of things?

[kreature] 06/1/2023 16:56

Not sure which one is Purplebricks ? Maybe the one at 3:20. imo

[kreature] 05/1/2023 11:50

Bit difficult for me to invest reading those reviews.io reviews one after another. Soul destroying really :(

[kreature] 03/1/2023 02:50

Uh oh……looks to me like they’re still keen on installing a self destruct button

[kreature] 02/1/2023 22:13

Check out the reviews for agreed.co.uk in contrast.. if I were Purplebricks, I’d spend the remaining cash on buying agreed.co.uk, and rebrand to ‘agreed’ and use their system without 800 staff or however many it is. If someone is needed to show buyers around then that can be a new job for the EPC guy or the Inventory guy. If someone is needed to value the place then the RICS offer that service already

[kreature] 01/1/2023 20:43

Carol only leaves 5 star reviews. Oh hang on, first one of the year :

——
I booked a valuation using your online service for 3pm today. I received email confirmation of this appointment but your agent did not show up. I called your agent whose voice mail stated she was not working today and to call Kelly, which I did. Kelly’s voice mail stated she was on annual leave and to call and 0800 number. I rang this number and the voice mail stated you are not open!! What truly bad and disgusting service for a new potential customer!!
Date of experience: 01 January 2023

[kreature] 01/1/2023 11:53

You have to laugh at the reviews though, and the replies sometimes. Well try not to :

——
Laughable
We put an offer on this property January 2022, we finally moved in October 2022! Purple Bricks have just emailed me to congratulate us on our offer and sent details of seller etc. Almost a year after offer was made and three months after we moved in!!!
Date of experience: 22 January 2022
—-

Great marketing :
——
Dreadful experience with Purple Bricks.
Dreadful experience with Purple Bricks.
My property remained on PB and Rightmove websites for 5 weeks showing as SSTC even though PB were aware that the sale had fallen through.
AVOID!
Date of experience: 30 December 2022

[kreature] 01/1/2023 09:51

At least there’s been no more bad news since the last…No new resignations for example. …….and people still have-to move. There’s still a shortage of houses…..Add in overseas buyers to the mix, plus better weather longer days ?

[kreature] 29/12/2022 11:52

The secret foxt tip hasn’t worked out too well tbf. So far anyway. So much pessimism for 2023, yet no-one knows what will happen in the market really. There’s a consensus on global warming too.

[kreature] 29/12/2022 11:36

Is there a concert party in there over 50% ? Just feels like there’s a plan to me. Isn’t PB best off in private hands of say Axel ? at say 4p? Maybe spend all the remaining cash first ?

[kreature] 29/12/2022 02:38

o/t …conflicts of interest ? Shyt value your home , they choose two ‘independent’ valuers, and they choose the solicitors? No wonder they named it Shyt ?
Www.shyft.co.Uk

Seems like there’s a whole load of scum sites out there just pushing unwitting property traffic to create leads ?

[kreature] 28/12/2022 17:17

Of those 18k, only around 9k are currently for sale this year, and nearly half of those have been reduced in price. ….and TrusPilot reviews suggest to me that some of the houses listed for sale are not for sale……..

Tbf, the consensus got it a bit wrong for property instruction predictions for covid.

[hillofwad] 28/12/2022 16:56

Purplebricks current inventory is just over 18k and shrinking fast

The concensus opinion is that the total no of instructions will fall below 900k in the UK for 2023 so no help there.

[kreature] 28/12/2022 16:34

Should be a rush of divorce and separation related instructions next week with any luck?

[kreature] 28/12/2022 10:25

People still ‘have to’ move in 2023 tho……230;not sure that anyone can be certain of falling transaction numbers in 2023 ?

[itsmyshares] 28/12/2022 07:05

I've had first hand experience of purple bricks. They valued my mums house at 450k, and in the end we had to accept a cash offer for 350k. Buyers coming to view the house was saying it was too expensive even at 385k.

[sunshine today] 28/12/2022 06:37

Look for U.K. housing transactions to fall 2/3 in 2023.

The market will be tiny during the slump, most notably chains will fall through as prices plummet, and potential buyers walk away.

The day prior to exchange will generally see another 10% knocked off the price, to protect the buyer.

[hillofwad] 28/12/2022 04:30

The reviews will only get worse as the customer service aspect will suffer due to redundancies

They should be thoroughly ashamed reading the reviews

December looks to be yet another record low in fresh listings and wont be threatening 1300 H2 will be lucky to breach 16500

Unlikely to be more than £20m in the Tommy at the end of the FY.