Compare Savvy Lane and Purplebricks

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Purplebricks no longer represents consumers in the United States.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
60%-67%
Commission Rebate
When Savvy Lane represents buyers, it contributes 60%-67% from its total Buyer's Agent Commission (2.5%-3%) as a way to financially compete for buyer’s business. Home buyers do not pay any taxes on the amount, the refund amount is always tax-free. Commission rebates are not allowed in Oregon.

For Buyers

Not Applicable
0
No Rates
Purplebricks no longer represents consumers in the United States.
Question: What is the difference between Savvy Lane and Purplebricks?
Answer: Both Savvy Lane and Purplebricks function as a full-service real estate agent that offers savings to homebuyers and home sellers.
Compare Savvy Lane 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 Savvy Lane

Savvy Lane is a multi-state broker, offers consumers flat fee listing savings and buyers refunds in Washington, Oregon (listing savings only), and California.

Savvy Lane Pricing

Savvy Lane offers listing savings (1% listing) and buyer’s refunds (60%-67% of the Buyer’s Agent Commission)

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

Savvy Lane Editor's Review:

Savvy Lane is a consumer-focused real estate agent that successfully represents consumers across Washington, Oregon, and California and offers sizeable savings. Savvy Lane service includes posting home on the MLS and MLS Aggregator services, professional photos and a virtual tour in addition to all typical services offered by a traditional real estate agent.

If a seller accepts an offer from a buyer represented by Savvy Lane, the full buyer agent commission (2.5%-3%) amount is waived. Savvy Lane says that this process favorably lowers overall transaction costs, but it also requires a buyer to accept the potential downside of dual representation.

For buyers Savvy Lane offers one of the best in the industry buyer’s refund savings, depending on the total amount of the buy-side commission offered by the seller (Savvy Lane keeps 1% of what is typically 2.5%-3% Buyer's Agent Commission.)

Overall Savvy Lane offers an excellent proposition to Buyers and Sellers alike.

Where does Savvy Lane operate?

Savvy Lane currently operates in select areas across Washington, Oregon, California.

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.