Online agents Purplebricks and Settled have been named among a list of top proptech firms helping consumers “buy, sell and rent homes without dealing with pricey estate agents”.
The list, compiled by digital disruption-focused news website Techworld, unveils a list of 15 top proptech start-ups in the UK.
Purplebricks is included for helping consumers “save money by not having a physical presence on the high street”, with the agent citing a £4,572 average saving for sellers.
Settled gets a mention for “offering a more personal, transparent service” than traditional agents, while online letting agent Rentify is cited for cutting out “expensive high street agents in favour of a 24/7 help desk and ARLA certified property specialists”.
There are some proptech brands that work constructively with agents, such as renting app Movebubble, landlord licensing information service GetRentr and lettings services provider Goodlord.
Other firms on the list include Nested, which promises vendors a sale within 90 days or they will effectively purchase the property, while deposit replacement scheme and rental reporting service Canopy is also mentioned.
https://www.techworld.com/picture-gallery/startups/best-proptech-startups-in-uk-3683982/
Comments (8)
Okaaaayyy…
The inclusion on this list is perfectly understandable – because in the eyes of an outside company, PB do exactly what it says on the tin they are examining – which is also perfectly understandable…
…because they wrote the ******** that is currently displayed on the tin. And have re-written it on many previous occasions. And will continue to re-write it every time their claims are challenged and proven to be inaccurate.
But here’s the thing – and it’s something that ‘Techworld’ won’t give a fuppenny about – but shows perfectly how the disease is spreading.
The article quotes Techworld as stating “…firms helping consumers “buy, sell and rent homes without dealing with pricey estate agents”.”
How do they justify that?
1. Sellers and landlords have to deal with their Agents – PB do not run an FSBO site… do they?
2. Buyers don’t necessarily have to ‘deal’ with the Agent with this company – that depends entirely on whether the seller has elected the Agent to do their viewings/negotiating or not – but even then, the buyer (99.9% of the time) doesn’t pay the Agent a penny for buying a home, so why should that come into the equation?
Just another spoonful of PR ******** on the scale. Luckily the company load counterbalance onto the opposite pan with a JCB bucket – but all the PurpleOnes need is that spoonful to get to just one impressionable eye.
to be fair purple bricks should have a gaming licence because it is a bit of a gamble whether the owner will sell or not.
Today one of my clients has not sold her house after a few months of trying we have let her down. It happens.
So I said to the client “look either you change to another agent, drop your price or rent it out for a bit” I accept I haven’t sold it, I haven’t generated much interest and I don’t want her giving away tens of thousands if it can be avoided.
She asked so if I take it off the market what will I have to pay you.
“Absolutely nothing” I said proudly, “we offer a no sale, no fee service because you need to know we are as invested in selling your property as you are”
The owner will probably try another small price drop then rent it out through me because trust has more currency than a headline of “we could save you thousands because we are an on line estate agent, so long as you pay us upfront and don’t mind losing that money when we don’t sell !!!!
So you overvalued it.
You must be very happy with yourself?
Not for long…. cracks are starting to show at PB in UK & Australia.
Local Property Experts are starting to realize that they should stayed with their previous employer.
These Vendor DIY/ FSBO owner sites will only have a small percentage of the market.
Settled have attracted some decent funding without resorting to Crowdcube.Unfortunately this hasn’t translated into instructions They currently have 154 instructions listed according to Zoopla 26 of which have been on for 12 months or longer
Looks like they are currently taking on less than 35 pcm
At £499 a pop some serious cash burn
Settled. Saving people money because no one is using their service doesn’t count.
Purplebricks. You might save some vendors some money some of the time, but at what capital cost to them, investors and the industry? How many people had to be fleeced to make it happen?
What a joke.
As always, the famous Red Adair quote springs to mind.
Did PB do a ‘Mum’s Network’ on this poll as well and offer Techworld free listings?
Allegedly of course!