With the state of the UK housing market in 2024, how accurate is a valuation with Purplebricks when selling your house on the open market?
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Property estimates can be an important part of the home buying and selling process, and Purplebricks is one of the leading online real estate agencies in the UK. With the help of their website, potential buyers are able to easily search for properties, get property estimates, and even book viewings with local agents. But just how accurate are the estimates provided by Purplebricks?
Purplebricks uses a combination of data sources, including public records and proprietary algorithms, to come up with a property’s estimated value. The data sources are continually updated to ensure accuracy. The company also maintains a team of experienced real estate professionals who review each property estimate and make adjustments if necessary. This combination of data and expert insight allows Purplebricks to provide reliable estimates of a property’s worth.
In addition to providing accurate estimates, Purplebricks also offers a variety of services to help buyers and sellers make better decisions. For example, the company’s “Property Valuation Report” provides detailed information about the property’s estimated worth, including comparable sales in the area, the estimated market value of the property, and recommended list and sale prices. The report also includes information about the local market and recent trends.
So what are your valuation options?
You have two options for a valuation. An in person or remote. We suggest going for an on-site as it’s best to have the estate agent in the property where possible as this allows you explain any additions you made or areas of concern. Being upfront and honest will speed up your selling process while saving you time and money.
Overall, The estimates Purplebricks provide are usually within 5-10% of the actual sale price, and can help potential buyers understand the amount of competition in the local area. With this in mind, Purple Bricks is one of the best options for buyers looking for reliable property estimates.
Purplebricks charge a fixed fee, what’s the catch?
Purplebricks may work out to be cheaper then an estate agent that typically takes 1.3% but you need to keep in mind that you’re getting less for your money, as most of the selling work will be in your hands. The fixed fee Purplebricks charge is not refundable should the property not sell.
So what are the cons of selling with Purplebricks
- You have a fee of £1,999 with a higher cost in London and the surrounding areas
- Your sale is not guaranteed and will be subject to offers and a declining market
- You will be subjected to viewings that could not only inconvenience but you may need to take time off work
- Some services carry an optional charge
- You will have to pay legal and in some cases expensive clearance fees
- Its not the most ideal way if you need to sell your home quick
So what is the faster alternative?
If you need to sell fast, we offer a property cash buying service that covers all fees, avoids viewings and sale boards and even covers clearance and in some cases, a cash advance to help in difficult times.
We provide a no obligation cash offer up front, worth 85% of your home’s market value. As cash buyers, we purchase your property directly will all fees covered. You certainly don’t need to make any arrangements or repairs, we buy houses in any condition. Below are a few examples of the properties we have purchased.
You can either call us on 0800 621 1366 or fill out an enquiry form and we will call you
2. Speak to one of our team about your property, let us do our research and we’ll come back to you with an offer within 24 hours.
3. Receive a ballpark offer
4. If you are happy with the offer we will come out to assess the property and you will receive an offer in writing.
5. We will instruct solicitors, survey and an EPC
6. Once these have been carried out and the solicitors’ legal work has been completed we are ready to COMPLETE.
7. Complete and you receive your money.
Whatever your situation here at Home House Buyers we will have a solution to your problems so just call our freephone number 0800 612 1366 or alternatively you can Email Us
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Our 7 step process to selling your property
- Submit your details here Get A Cash Offer to receive your property cash offer.
- Our team of friendly property experts will assess your property and offer you the best cash price available and explain all of the options and benefits.
- If our offer is accepted, we immediately get to work by instructing solicitors who specialise in quick house sales. You will have one point of contact throughout the entire process.
- Our in-house experts will guide you through every stage of the process, ensuring there’s no unnecessary delay.
- All legal costs are paid by us and we handle all of the heavy work in order to get this across the line for you.
- We aim to complete the sale within two weeks or a time that best suits you, so if you are looking to sell your house quickly, this is the best option
- Once the legal work is complete, the solicitors transfer the cash into your bank account and you post the keys to us.
Contact us on 0800 612 1366 or fill out our enquiry form for a free cash offer.