Homeowners can sell their home on the cheap with supermarket
April 5, 2010
Over recent years supermarkets have branched out into all sorts of different areas, and these days you can get much more from the main supermarkets than just groceries and households goods, including a range of financial products.
One supermarket giant, however, seems intent on staying a step ahead of its rivals, and in addition to announcing the launch of its own banking service, which is still being rolled out, is now also providing a facility to help homeowners to sell their properties on the cheap.
For homeowners the cost of selling their home can be crippling, and the fees that estate agents take for marketing and selling the property can take a big chunk off the amount that the homeowner is left with once the property sells.
However, those that don’t mind not going through a traditional High Street estate agency can now sell their property for under £1000. Tesco has launched a facility that will enable homeowners to sell their property for just £999. This is a flat fee, so it means that those with higher value homes won’t have to worry about paying more.
The estate agency that is being launched by Tesco could potentially save some homeowners thousands of pounds on the cost of selling their properties. Tesco previously launched a service that allowed homeowners to sell their own properties but after opposition from estate agents this service was brought to an end.
However, the Office of Fair Trading is trying to change regulations so that companies can set up services that will allow homeowners to sell their own properties.
The new Tesco service will be called iSold.com and an official from the property market said: ‘I can see iSold appealing to the mass market consumer as it takes the hassle out of selling your home, and is significantly cheaper than using a traditional estate agent.’
‘Although this is great news for the seller, what about the buyer? With the weight of Tesco on the seller’s side, this stacks the odds even more against the buyer. In the UK, 98% of all buyers don’t yet have expert advice or an expert negotiator working for them, whilst over 70% of US buyers do.’
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- Having trouble selling your home? Many homeowners recently have experienced disappointment when it comes to selling their property. The property market has had its ups and downs over recent years, since the onset of the global financial crisis, and this
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