Absolutely not. We’re proud to say that we’ve bought over two-thirds of our customers’ homes meaning that we were ultimately the highest price in market 66% of the times – highlighting the fairness of our offer prices. Moreover, where we were not the highest price, our offer was used as leverage to drive up bids by 8% on average (based on actual known Brickfloor customer experiences).
Can I use Brickfloor if I’ve already listed my home?Matt Mulligan2020-12-08T16:14:21+11:00
Our Market Price Guarantee is a real offer, not a valuation. We take great care in using the information you provide, data on suburb trends, comparable sales in your area and our proprietary models to determine a market offer amount.
Are there any conditions attached to the Market Price Guarantee offer?Matt Mulligan2020-12-08T16:11:44+11:00
Yes, there are. They are clearly outlined in the Customer Agreement we send you with our Market Price Guarantee offer. These include conditions related to communication with your agent, your marketing campaign and timeframes. Our team can talk you through these in the first instance.
If you have any questions about the terms of our offer once you receive it, we offer an 15-minute consultation with an independent solicitor free of charge.
Requesting a Market Price Guarantee is free and without obligation. It’s only when you accept our offer and put your guarantee in place that you agree to pay our fee.
If you wish to lock in our Market Price Guarantee, our fee is a small percentage of the Market Price Guarantee amount, payable at settlement, whether Brickfloor or a third party buys your home. The fee won’t change if your home sells for more and you don’t need to pay until after you’ve sold and received the proceeds.
We typically find that our Market Price Guarantee delivers a benefit to the seller much greater than our fee – potentially as high as 10% or more – meaning our fee pays for itself. Please ask us how.
We’re so confident that our fee is great value for money that if you decide not to sell, we’ll waive our fee and only charge you $1,000 for our commitment.
When do I need to pay Brickfloor’s fee?David Rymarz2021-01-06T12:39:25+11:00
We visit your home to conduct an on-site assessment of your home – this allows us to confirm the features and attributes of your property, and to check for any pests and structural issues. We can generally complete our assessment within 90 minutes.
When do I find out the results of the assessment?Matt Mulligan2020-12-08T16:42:48+11:00
We aim to let you know the results within 2 business days of our visit. We will either confirm our Market Price Guarantee amount or contact you to discuss changes. If we need to alter your offer, you have another 7 days to choose whether to accept.
How much do I receive if the highest offer for my home is less than the Market Price Guarantee amount?Matt Mulligan2020-12-20T11:10:47+11:00
You receive our Market Price Guarantee amount payable by Brickfloor, less our fee. You also need to take into account any real estate agent fees, and any other marketing, sales and conveyancing costs, incurred during your sale process. Depending on the circumstances, you may be able to avoid your agent fee where Brickfloor buys your home as your agent has not been able to sell your home for an amount above your Market Price Guarantee amount, which is essentially your reserve.
How much do I receive if my home sells for more than the Market Price Guarantee amount?Matt Mulligan2020-12-08T16:45:20+11:00
If Brickfloor acquires your home, you choose when that is. You can get your money in as little as two weeks if that’s what you want. If a third party acquires your home, you receive your money when you settle with them.
What happens to my mortgage?Matt Mulligan2020-06-15T13:28:16+10:00
We hear this a lot from people unfamiliar with our business model: “How can you give me a competitive offer on my home and still make enough money to operate? There must be a catch.”
We hope you can see from our customer testimonials and our public recognition (such as Nine News and being nominated as a finalist for Emerging FinTech of the Year by FinTech Australia) that there is no catch.
We offer home sellers market prices and we make revenue through the fee we charge (similar to how agents make their revenue) together with rental yield and future capital growth from the homes we acquire. We generally hold on to the homes we acquire for a number of years.
Why is Brickfloor buying homes? What kind of homes does Brickfloor buy?David Rymarz2021-01-06T12:33:08+11:00
We’re building a residential property fund and are looking to buy and hold a portfolio of great Australian homes.
At the moment we are buying houses, townhouses, units and apartments (excluding multi-level developments with more than 8 apartments) within 50kms of Melbourne, Sydney and Brisbane CBD’s in the range of $350,000 to $2,500,000.
“Brickfloor have been terrific to work with. Their Brickfloor offer took all the stress out of our sale process. No matter what happens, I know that I will have a good outcome that will help us into our next home.”
Bernard,Home seller from Caroline Springs, Melbourne
“In my 40-year real estate career, Brickfloor is without a doubt one of the most innovative products to come to the real estate market, providing sellers with total certainty and genuinely addressing the age-old dilemma of whether to buy or sell first.”
"Dealing with Brickfloor was a painless and stress-free experience. Their guaranteed sale price and sale date removed all stress and uncertainty from the sale campaign. With Brickfloor's offer in hand, we could breath easy and sleep soundly. It allowed us to confidently move forward with our next home."
Sheila & Pervez,Home sellers from West Pennant Hills, Sydney
"Brickfloor allowed us to clearly define our actual buying power. Between the guaranteed offer and our broker's assistance with loan amounts, we were able to put the numbers together and bid on our next home with full confidence and precision. We would have not bid on our next home without Brickfloor."
"The professionalism of Brickfloor was superb. Their offer was very fair and I was more than happy to accept it. The peace of mind preceding an auction knowing that I'd been guaranteed a certain price was a revelation."