Homeowners can now sell their houses for free under a new model launched by Purplebricks, just months after the company was bought for £1.
After a "brutally tough few years", sellers will be allowed to have a valuation, negotiation, listing and access to an app, without payment, with the estate agency selling optional extras.
The company previously charged a flat fee of £999 to sellers outside of London, while it was £1,499 for those in London.
Under the new regime, optional add-on packages are worth £899 and £1,499.
Sam Mitchell, Purplebricks’ chief executive, said: "The process for buying and selling properties hasn’t changed in almost 200 years. It’s a stressful and costly journey that should be simplified, which is what we’re doing today.
"This is an important day for Purplebricks as a business. After a brutally tough few years, the housing market is showing signs of life as we move into 2024. With viewings increasing and banks offering more competitive rates, we are confident our new model will drive us towards significant market growth."
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