If you`re looking to buy or sell a property, chances are you`ve heard of Purplebricks. The UK-based real estate agency is known for its innovative online platform, which allows homeowners to sell their properties without going through a traditional estate agent. But how does Purplebricks work, and what does its agency agreement entail? Let`s take a closer look.

How Purplebricks works

Purplebricks operates on a fixed fee basis, which means that homeowners pay a flat fee upfront rather than a commission based on the sale price of their property. The fee includes a range of services, such as a dedicated local property expert, professional photography and floor plans, and listings on major property portals like Rightmove and Zoopla.

Once your property is listed on the Purplebricks website, interested parties can book viewings through the platform or by contacting your property expert directly. You`ll receive feedback on each viewing, and your expert will negotiate offers on your behalf. Once you`ve accepted an offer, your expert will guide you through the legal process of completing the sale.

The Purplebricks agency agreement

When you use Purplebricks to sell your property, you`ll be required to sign an agency agreement. This is a legal contract that sets out the terms of your relationship with Purplebricks, including the services they`ll provide and the fees you`ll pay.

There are a few key things to know about the Purplebricks agency agreement:

– You`ll be tied in for a fixed period of time. Typically, this is around 12 weeks, although you may be able to negotiate a shorter or longer agreement depending on your circumstances.

– You`ll pay a fixed fee upfront. This fee covers all of the services provided by Purplebricks, including marketing, viewings, and negotiations. You won`t be charged any additional fees, regardless of how long it takes to sell your property.

– You`ll need to agree to Purplebricks` terms and conditions. This includes giving them the right to market your property on third-party websites like Rightmove and Zoopla. You`ll also need to agree to their refund policy, which states that you won`t receive a refund if you withdraw your property from the market before the end of the agreed-upon period.

– You`ll have a dedicated property expert. This is one of the key benefits of using Purplebricks, as your expert will provide guidance and support throughout the entire sales process. They`ll also be your main point of contact with the agency.

Should you use Purplebricks?

Whether or not to use Purplebricks will depend on your individual circumstances and preferences. Some people love the convenience and cost savings of using an online estate agent, while others prefer the personal touch of a traditional agent.

If you`re considering using Purplebricks, make sure you read the agency agreement carefully and ask any questions you have before signing on the dotted line. With the right support and guidance, selling your property with Purplebricks can be a smooth and stress-free experience.