Purplebricks Introduces Success-Based Fixed Fee2/22/19
Purplebricks introduces a market-variant flat seller fee, which will only be charged upon successful home sale. This change supports continued growth while maintaining a consumer-friendly fixed-fee structure well below the national 5-6% average commission rate. Consult our homepage for details.
Purplebricks Featured in The Wall Street Journal5/23/18
The Wall Street Journal featured a Purplebricks listing in Orange County as the “House of the Day.” This $4.6 million custom estate is located in the prestigious Lemon Heights neighborhood of North Tustin. Unique features include a library, screening room, yoga room and space for 16 vehicles.
Purplebricks Featured on KNBC’s “Money Matters”4/9/18
Purplebricks CEO Eric Eckardt was a guest on KNBC’s “Money Matters.” He discussed how Purplebricks, the next generation real estate agency, makes the process of buying and selling a home more convenient, transparent and cost effective, saving people potentially thousands.
Purplebricks Doubles Down on US Investment3/26/18
Purplebricks has secured a growth equity investment of $177 million from Axel Springer SE, Europe’s leading digital publisher, with $71 million of the proceeds being used to fuel Purplebricks’ growth in the U.S. The company officially launches in the New York DMA on April 3, 2018, three months ahead of schedule.
Purplebricks in the news
May 23, 2018
This Orange County home, which comes with a library, spa and pool, was influenced by designs from the South and the Hamptons. It is currently listed for $4.6 million…more
April 3, 2018
After big cash infusion, flat-fee brokerage puts down roots across the Big Apple, New Jersey, and Connecticut, in time for peak selling season…more
March 26, 2018
March 26 (Reuters) - Purplebricks Group Plc said on Monday German publisher Axel Springer bought a 11.5 percent stake in the British online estate agent for about 125 million pounds ($177.65 million). The company said Axel Springer’s investment, which included a 100 million pounds subscription for new shares, would be used for further expansion in the United States, support entry into new markets and widen Purplebricks’ service offering. However, Purplebricks warned its group revenues for the year ending April 31 would be around…more
March 26, 2018
Real estate agency Purplebricks Group has secured a growth equity investment of $177 million from Axel Springer SE, Europe’s leading digital publisher…more
March 26, 2018
Flat-fee real estate agency Purplebricks expanded into the U.S. last year after building a successful business in the United Kingdom and Australia, and after securing a sizable investment from European media giant Axel Springer, Purplebricks’ U.S. expansion is about to shift into overdrive. Purplebricks announced Monday that Axel Springer is investing $177 million in the company. In exchange, Axel Springer is acquiring 11.5% of the company. According to Purplebricks, the injection of funding will be used to…more
January 24, 2018
NEW YORK — After making its U.S. debut in Los Angeles last year, U.K. hybrid brokerage Purplebricks today announced plans to set up shop on the East Coast…more
January 9, 2018
SAN DIEGO (NEWS 8) — If you're thinking of selling your home in 2018 - and want to avoid paying a large seller's commission - Purplebricks might be for you. Offering a flat $3,200 seller's fee, the company is hoping it's success in the United Kingdom will take off here in Southern California. Eric Eckardt, the U.S. CEO of Purplebricks speaks to Morning Extra about expanding into San Diego and what sets the company apart…more