Compare Home Bay and Purplebricks

For Sellers

Listing Rate
$2,500
Flat Fee
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but you may be able to negotiate this as well. Home Bay flat fee rate modestly increases relative to sale price according to the company’s fee schedule.

For Sellers

Not Applicable
0
No Rates
Purplebricks no longer represents consumers in the United States.

For Buyers

Buyer’s Savings
50%
Commission Rebate
When Home Bay represents home buyers, it contributes 50% of its Buyer's Agent Commission (2.5%-3%) to the buyer as a way to financially compete for a buyer’s business. Home buyers do not pay any taxes on the amount, the refund amount is always tax-free.

For Buyers

Not Applicable
0
No Rates
Purplebricks no longer represents consumers in the United States.
Question: What is the difference between Home Bay and Purplebricks?
Answer: Both Home Bay and Purplebricks function as a full-service real estate agent that offers savings to homebuyers and home sellers.
Compare Home Bay and Purplebricks for home buying and selling. HomeOpenly is an impartial and an open resource focused on trending real estate services, portals and start-ups.

First published: 17 February 2019
Last updated: 25 April 2021

Buying and Selling with Home Bay

Home Bay is a multi-state savings broker, offers consumers listing savings and buyer's refunds in select areas across California, Florida, Georgia, Illinois, Texas, and Colorado.

Home Bay Pricing

Offers savings to sellers (2,500 USD base flat listing fee) and buyers (50% of the Buyer’s Agent Commission).

It should be noted that Home Bay flat fee rates do modestly increase relative to the home's sale price according to the company’s fee schedule, so the final listing rate flat rate will vary.

Listing Services

  • MLS Listing
  • Zillow, Trulia, etc. Listing
  • Accept and Deliver All Offers and Counteroffers
  • Hold Open Houses
  • Professional Photography
  • Professional Floor Plans
  • Yard Signage Installation
  • Spare Key Lock-box Installation
  • Schedule Inspection Services
  • Schedule Private Showings
  • Closing Duties

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Home Bay Editor's Review:

Home Bay is a consumer-focused flat fee real estate broker. As a listing agent, Home Bay works with a seller to prepare homes for listing, including taking professional photos, pricing home, and publishing marketing materials.

Home Bay lists all homes on the local MLS as well as typical MLS Aggregators. Home Bay maintains a well-designed online platform that allows sellers to communicate with all parties involved in a sale.

As a buyer's agent, Home Bay works with buyers to find a home, schedule inspections, negotiate repairs and finalize the purchase.

Home Bay offers overall great value to consumers looking to buy or sell a home.

Where does Home Bay operate?

Home Bay currently operates in select areas across California, Florida, Georgia, Illinois, Texas, and Colorado..

Buying and Selling with Purplebricks

Purplebricks offers consumers flat fee listing savings and buyer’s refunds for select cities in California, New York, Connecticut, Nevada, Arizona, Florida, and New Jersey.

Purplebricks Pricing

As of October 2019, Purplebricks no longer offers real estate representation services to consumers in the United States.

Listing Services

  • MLS Listing
  • Zillow, Trulia, etc. Listing
  • Accept and Deliver All Offers and Counteroffers
  • Hold Open Houses
  • Professional Photography
  • Professional Floor Plans
  • Yard Signage Installation
  • Spare Key Lock-box Installation
  • Schedule Inspection Services
  • Schedule Private Showings
  • Closing Duties

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Purplebricks Editor's Review:

Purplebricks is a consumer-focused flat fee real estate broker. As a listing agent, Purplebricks works with a seller to prepare homes for listing, including taking professional photos, pricing home, and publishing marketing materials.

Purplebricks lists all homes on the local MLS as well as typical MLS Aggregators. Sellers don't have to pay anything until the property is sold or until 6 months have elapsed. In the unlikely event that the property hasn't sold after 6 months, Purplebricks will still market the property until it is sold.

Purplebricks maintains a well-designed online platform that allows sellers to communicate with all parties involved in a sale.

As a buyer's agent, Purplebricks works with buyers to find a home, schedule inspections, negotiate repairs and finalize the purchase.

Purplebricks offers a buyer's refund incentive of $1,000 paid at closing and it keeps the rest of the commission, typically 2.5%-3%. While Purplebricks offers great savings to sellers, the buyer’s refund policy is a bit weak - Purplebricks keeps almost all of the buyer's side commission.

It is not unusual for some agent to offer a much better 50% commission refund. Purplebricks has also suffered some initial problems entering the US market and it’s not yet clear if these have been fully resolved. For sellers, the listing fee is charged up-front and is non-refundable, although that is a very minor setback compared to thousands saved over a typical 3% sellers’ commission.

Purplebricks should be near the top of the seller’s list, but for buyers, there may be better local options. Still, $1000 buyer’s refund is better than zero refund offered by traditional buyer’s agents.

Purplebricks offers overall great value to consumers looking to buy or sell a home.

Where does Purplebricks operate?

Purplebricks currently operates in select areas across California, New York, Connecticut, Nevada, Arizona, Florida, and New Jersey.