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Purplebricks Model

Breakdown of responsibilities under Purple Bricks model

The Seller (YOU) is responsible for:

  • Entering lawyer details on the online platform within 24 hours of agreeing to an offer;
  • Ensuring the lender has all the relevant information to proceed with the loan;
  • Ensuring the lawyer has all the details and paperwork they need;
  • Chasing the lawyer for paperwork and progress;
  • Agreeing exchange and settlement dates.

The lawyer or conveyancer is responsible for:

  • Ensuring the lender has all the relevant information to proceed with the loan (both buyer and seller lenders)
  • Advising and supporting the seller in relation to problems arising in building & pest reports, strata inspection, or mortgage position
  • Obtaining leases and legal documentation as well as liaising with the buyer’s lawyer
  • Agreeing exchange and settlement dates

Purple Bricks’ support team is responsible for:

  • Ensuring that the seller has put their lawyer’s details onto the platform
  • Ensuring that the mortgage arrangements are in place
  • Advising and supporting the seller in relation to problems arising in building & pest reports, strata inspection, or mortgage position

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