Compare Prevu and Purplebricks

Editor's Rating

Users' Rating

Editor's Rating

Users' Rating

For Sellers

Listing Rate
1%
Commission
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but sellers may be able to negotiate this as well.

For Sellers

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Purplebricks no longer represents consumers in the United States.

For Buyers

Buyer’s Savings
67%
Commission Rebate
When Prevu represents home buyers, it contributes 67% 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Purplebricks no longer represents consumers in the United States.
You are now comparing two different service models: Prevu is a full-service real estate agent while Purplebricks is a full-service real estate agent
Compare Prevu 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: 29 March 2020

Buying and Selling with Prevu

Prevu is a New York-based real estate broker that offers sellers listing savings and refunds buyer’s part of their commission.

Prevu Pricing

Prevu offers listing savings to sellers (1% listing rate) and buyer’s refunds (67% commission rebate)

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

Prevu Editor's Review:

Prevu is a consumer-focused real estate agent that successfully represents consumers in New York and offers sizeable savings. Prevu Agents are salaried employees who are not motivated by commission.

Prevu service includes posting home on the MLS and MLS Aggregator services, professional photos and 3D images in addition to all typical services offered by a traditional real estate agent.

For buyers, Prevu offers real-time listing notifications, on-demand home tours and a client web portal for monitoring the purchase process - making it easier to find and buy homes.

Overall, Prevu offers an excellent proposition to buyers and sellers alike.

Prevu Service Areas:

New York

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.

Purplebricks Service Areas:

California, New York, Connecticut, Nevada, Arizona, Florida, and New Jersey