Vendors should weigh up all their options before instructing Purplebricks as they run the risk of losing their money if the property fails to sell, warns the HomeOwners Alliance (HOA).

The HOA points to Purplebricks’ upfront fees which can prove expensive if a deal falls through.

“You need to do the maths and think about the implication of paying upfront,” said Angela Kerr, director of the HOA.

“A high street estate agent’s fee is payable on completion. So no sale, no fee,” she added.

Kerr accepts that moving home is “ridiculously expensive”, and it is therefore no surprise that people are looking to pay less.

We understand that here at Key One Property which is why we offer sellers a fee of just 0.5% when selling (no extra VAT)*.

Compared to agents charging the standard 0.5% + VAT, most of our vendors save over £1,000 on their sale fees. 

For a free valuation, or just a chat about selling, just get in touch. 

*Our 0.5% fee is subject to a minimum charge and excludes marketing costs. There is no additional VAT on our fees.