Home Lead Story Lifeline offered to Purplebricks homesellers left high and dry

Lifeline offered to Purplebricks homesellers left high and dry

by LLP Finance Reporter
11th May 23 4:15 pm

Estate agent comparison site, GetAgent.co.uk, has today announced that it will give home sellers impacted by the financial trouble of Purplebricks £300 cash back on their estate agent fees, should they need to instruct a new agent in order to get their home sold.

Purplebricks’ share price plummeted by 60% this week as it was revealed that the firm is in danger of running out of cash. 

The online agent, which claims to be the UK’s largest, charges £1,349 upfront, more in London and the surrounding areas, and has previously claimed to list over 5% of properties available for sale in the country.

Purplebricks won’t be the first online agent to go under, leaving its sellers high and dry in the process. The sector has seen a number of big names previously fall by the wayside due to financial trouble, including emoov, Tepilo, House Network and Doorsteps.

However, this will do little comfort to the hundreds of sellers who, having paid upfront, now stand to lose their money while paying a second time around for another agent to sell their home. 

To help ease their financial burden, GetAgent.co.uk, a long time champion of the full-service estate agent, has offered to pay £300 of their estate agent fees should they have to instruct a second agent in order to sell. 

Sellers who are currently listed with Purplebricks can search GetAgent for the best performing estate agents in their area and, once their selected local estate agent steps up to help them sell, GetAgent will give them £300 cashback on the fee owed to their high street agent. 

Co-founder and CEO of GetAgent.co.uk, Colby Short said, “It was simply a matter of time before yet another online agent fell financially short and once again, it’s their sellers who stand to be left out of pocket having paid their fee upfront. 

The good news is that the nation’s tried, tested and trusted agents are on hand to help, having proved their property selling pedigree and local expertise time and time again. 

We’re confident that our agent partners are up to the task and then some, as they consistently rank as the best performing in their respective markets. We urge anyone who does find themselves out of pocket to list with one of them, and we will be more than happy to pay a proportion of the fee owed on completion of your sale.”

If you are looking to switch your home sale to an estate agent and claim £300 off your fees, call the GetAgent team on 020 3608 6556.

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