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Tesco and the housing sector.
kenshaz
Posts: 3,155 Forumite
If Tesco were to move into the online estate agency business, it would mark a significant opportunity to expand its financial services business. Having a property retailing operation would create a stream of new business for its mortgages and home insurance business.
Tesco has already established itself as a key provider of financial services, although it acts as an introducer on mortgages, passing leads on to First Active.
Estate agents have long been sensitive to claims that they rake in fees for doing little more than putting a piece of paper with a photograph in their shop window or erecting a sign outside clients' properties.
How do other posters feel about the moves of the consumer champion Tesco.
Tesco has already established itself as a key provider of financial services, although it acts as an introducer on mortgages, passing leads on to First Active.
Estate agents have long been sensitive to claims that they rake in fees for doing little more than putting a piece of paper with a photograph in their shop window or erecting a sign outside clients' properties.
How do other posters feel about the moves of the consumer champion Tesco.
[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]
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I believe they have teamed up with London and country for their mortgages for the property part.
The view you have on EA's was exactly mine before I worked closely with one and realised how much more they do than meets the eye and the public see.
Im on my way out now or else I would elaborate further.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
If Tesco were to move into the online estate agency business, it would mark a significant opportunity to expand its financial services business. Having a property retailing operation would create a stream of new business for its mortgages and home insurance business.
Tesco has already established itself as a key provider of financial services, although it acts as an introducer on mortgages, passing leads on to First Active.
Estate agents have long been sensitive to claims that they rake in fees for doing little more than putting a piece of paper with a photograph in their shop window or erecting a sign outside clients' properties.
How do other posters feel about the moves of the consumer champion Tesco.
I think Tesco has already trampled on enough communities and local businesses in their insatiable quest for world domination, thanks.Only when the last tree has died
and the last river has been poisoned
and the last fish has been caught
will we realise we cannot eat money0 -
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How a bomb scare has any relevance to this discussion is beyond me ,perhaps you could elaborate.wecanhelpu wrote: »
[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0 -
wecanhelpu wrote: »Could this be estate agents fighting back?
http://news.bbc.co.uk/1/hi/uk/6899218.stm[
Perhaps it could,I see your point now.[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0 -
No-one tries harder for customers, and
Treat people as we like to be treated.
These are the core values ,therefore the intentions are good;)[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0 -
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fish 4 have pulled out - following backlash from EAs.
Looks like a shambles to me :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
How do other posters feel about the moves of the consumer champion Tesco.
Hardly a consumer champion. It seems to have slipped everybodies minds that if you do list your property for sale with Tesco, you pay your £199 up front. If it doesn't sell, you are £200 out of pocket with no way to get it back.
It's also nothing revolutionary, there are loads of longer established sites out there that offer the same service, completely free i.e. www.listaproperty.com.
Tesco is a private sales classifieds ad system, exactly the same as placing an ad in Loot or your local paper. I doubt many people would be happy pay £200 for an ad in Loot or their local paper?
Personally, I believe the future of estate agents is with the true online estate agents, like www.brightsale.co.uk and https://www.hatched.co.uk. These guys seem to offer the best of both worlds. Low fees, no up-front costs, negotiation handling along with the web services of private sales websites.0 -
Selling your home at a flat-fee of £199 is significantly lower than the average estate agent.
Tesco property market offers customers the choice of having full control over your home sale. It also provides potential buyers a great deal of information about prospective properties; aerial pictures, location of local schools, transport links and council tax information. The buyer is able to look at all of this before even arranging a viewing of the house.
Having online negotiations allows the sellers to achieve the best price for their property. The website offers comprehensive information guiding customers through the whole process of buying and selling their homes and consequently making the whole process a lot easier.
The website is a very new venture and the initial feedback we have had from customers is excellent!
Mark Davis, Tesco Property Market0
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