iSold.com: Sell Your House With Tesco
March 9th, 2010 5 Comments » | POSTED BY ROB
Tesco is running a trial of its new online home selling service through a joint venture with estate agent Spicerhaart.
The trial is currently running in Bristol, but is soon to extend into London, Manchester, Birmingham, Reading, York, Portsmouth, Crawley, Southampton, Kent and Leeds.
iSold.com has chosen Bristol for its national launch, offering sellers a fantastic service and the opportunity to save thousands of pounds in estate agency fees. iSold.com has been set up by the UK’s largest independent estate agency group Spicerhaart in association with Tesco, combining the very best of local traditional estate agency with advanced technology.
iSold.com offers 3 packages to home sellers; iSold Essential £999 inc vat; iSold Premium £1,119 inc vat; and iSold Premium Plus £1,299 inc vat and “uses advanced technology packed with features to get you the best price for your home and make the sales process quicker and smoother.”
How It Works
Sellers register for a free online valuation before a valuer visits to confirm the price, take photos, measure the rooms and create property details. Customers will pay £299 upfront for marketing services and the additional £700 when iSold.com has successfully sold the property.
The marketing services include listing your home on the following property portals, amongst others:
- Rightmove
- Globrix
- Primelocation
- Zoopla
- FindAProperty.com
Savings
The savings that iSold.com promise on selling your home through them are shown below:
Hybrid
It looks as if Tesco are hoping that this estate agency “hybrid”, blending online services with proper estate agents, will help them to attack a market that they previously dabbled in, Tesco Property Market, which was short-lived due to problems with meeting current regulations.
5 Comments on “iSold.com: Sell Your House With Tesco”
geoffk, March 10th, 2010
about time…..more competition the better..unqualified and often uneducated estate agents offer no value for money..
Father C, March 19th, 2010
Who is going to negotiate the deals?
Rudolph@Christmas.com, March 19th, 2010
1.5% of the sale price! I wouldn’t even bother getting out of my chair for that! 5% is what they charge in the US!
Iain Laslett, March 30th, 2010
What do the public want. Cheap fees and no service from an estate agent with considerable experience. How much work will the vendor (seller) want to do. Do they want to check their buyers sale and backward chain of sales, check their own onward chain of sales, chase all the solicitors acting for everyone in this chain of sales, check their buyers finances, do all their own viewing on their property and vet each applicants. If so let them get on with it and come back to a good estate agent afterwards and then pay a reasonable commission fee after making a potential loss on abortive valuation, survey and solicitors fees.
Competition is good. Quality service is good, licenced estate agents with a licenced standard of service is good. Sort this out first please.
Tesco is good for basic value food shopping and land banking the next branch positions, i wonder how good they will be at gauging the value of your home and if you choose that yourself too then it may be sold in minutes or years, with the vendors doing the sales i guess they might appreciate the service of a good agent and the property ombudsman may be very busy in the near future.
