Purplebricks commissioned TwentyCi to undertake independent research earlier this year. The highlights from the findings of the data provided by TwentyCi are detailed here:
More homes sold than any other agent for three years running
Price paid data compared to TwentyCi exchanged triggers between May 2017 and April 2020
More homes sold, more quickly than the top 5 agents
More homes sold from price paid data compared to TwentyCi exchanged triggers between May 2017 and April 2020. More quickly calculated from the duration in days between the initial listing date and the sales agreed date for each listing that is sold subject to contract. Comparing the average of this for Purplebricks with the averages of the top 5 UK estate agents (based on number of new instructions between 01/05/2019 and 30/04/2020 at time of publication of results in June 2020).
UK's No1 estate agent brand
Based on sales data from TwentyCi, May ‘19 – April ’20
More homes sold, more quickly and for a better price
On average, Purplebricks will sell a property for £8,000 more than the top 5 agent brands. Considering estimated commissions, Purplebricks will provide over £9,500 more value to a vendor when compared against the top 5 agents.
Claim based on the average difference between the last Price Paid and TwentyCi’s property valuation in the month of new listing, for properties where a sale completed between 01/05/2019 and 30/04/2020. Comparing the average of price achieved performance for Purplebricks with the average of the top 5 UK agents (based on number of new instructions in the time period). Selling homes for more based on an average property price of £300,000
Purplebricks estimated fees of £1,299 for the average listing and £3,000 for the competitors, assuming a 1% commission rate for the top 5 UK agents
- 4 August 2020