What Happens If Your Buyer Offers on a Purplebricks Listing?

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Real Estate Agent with Resident Realty FA.100079118

California will be the test case for this issue.

Purplebricks, a British estate agent, is opening up shop in California in the next few weeks.

If you aren't aware, they do things very differently.

For one, they promote the idea of removing the agents from the negotiations and having the buyer submit offers directly to the seller.

In England, there is no written offer, in fact, there is nothing at all in writing until weeks into the transaction.

How will that work in a market where EVERYTHING has to be in writing? Will buyers have to fill out a buy/sell agreement without the advice or assistance of an agent? Or will they just have to submit the price they are offering?

Will this approach undermine the protection that licensed REALTORS give their buyers and sellers?

Has anybody in the Activerain community signed up with Purplebricks in California? I'd love to hear from you.

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Rainmaker
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Kevin Ray ,

Wow..that is a new one one me. Never heard of them and will be anxious to hear other comments. Since all offers must be in writing I think this is going to be opening up a can of worms turning transactions into many lawsuits!

Aug 09, 2017 04:59 AM #1
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Rainer
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Kevin Ray

REALTOR & U.K. Real Estate Consultant
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