Sell your house at Tesco for £200!!

timmyt

nic_santorini wrote: »

I am loving this idea - most houses are generally sold via the web these days and the old techniques only reach the minority - I can't wait until the site goes live - I hope it is really successful - £200!! I sold my house without an estate agent and it was easy peasy lemon squeezy - much easier than with one and I have thousands. So, if you are thinking of putting your house on the market - STOP and wait because you will be snared by the small print of being with a sole agent for 16 weeks!!!

Does anyone have the 'go live' date because unfortunately I do not. Just get rid of the ridiculous and useful governement earning HIP pack and the housing market will get a much needed boost.:j

sounds like Tesco will end up putting pressure on High Street Estate Agents to reduce their fees...but the key for them is getting on Rightmove.

i assume Rightmove would never allow the public to put their own houses on their site, that would either cause caos or bring down the cost of selling.....though I wonder if they ae thinking about it

Guess we have to see what Tesco do to develop their idea before the impact on agents is known

googler

bigheadxx wrote: »

Never said they shouldnt make a profit. However if they were making a profit before the property boom then it should be possible to make a profit now by charging a flat fee of around £600-£800, which is what they would have got to sell the same house 10 years ago.

...and it's wrong to make more profit now than in 2000.... why?

If you run a business, do you charge the same as you did then? Are you looking for the same turnover as in 2000, or more?

If you're on a salary, has your salary gone up since then? Is the business that pays your salary looking to make more money now than it did then?

timmyt

Agents are a clever bunch. They have captive market but have not slit each other's throats like conveyancers have. Well played as a business model.

We don't like to pay their % charges but would you be able to get as much doing the sale yourself or going through Loot etc? Even Tesco at the moment is insufficient a threat....and in fact, if you go with Tesco, and it doesn't sell, your photos have been seen, and may make your property stale when they then go on Rightmove, as people may say, oh yeah, that's been on for ages, it must have a problem.....just like hosues staying on the books of a high street Agent too long.

You want to choose an agent who is good at what they do.

Agents try and get top dollar which may mean they pay for their own commission for the extra they can squeeze out of a buyer for you.

Ok there are a lot of dodgy Agents out there, god knows, but choose carefully (make yourself a checklist of bad tatics to avoid) and they can serve you well.

trolleymate

MissMotivation wrote: »

PM me the details, I'm genuinely interested, especially as, in my area, we are the only agent to offer fixed fees atm.

Will get details today for a few agents regionally and email them of to you.

trolleymate

Googler could you reply

MissMotivation

bigheadxx wrote: »

Never said they shouldnt make a profit. However if they were making a profit before the property boom then it should be possible to make a profit now by charging a flat fee of around £600-£800, which is what they would have got to sell the same house 10 years ago.

So you think that agents are making more profit now!?! Are you deluded? Do you believe that the cost of services, for example, Rightmove, Newspaper advertising, office costs haven't risen in the last 10 years? What about things like petrol, compare the cost of petrol 10 years ago to what it is now. Minimum wage....what was that 10 years ago.

You really haven't thought this through have you??

googler

trolleymate wrote: »

Googler could you reply

I could. Perhaps you could reply to my first question at #59 first?

adg1

trolleymate wrote: »

Average UK hourly pay £12.50 = 242

And where will I find 242 hours to spend selling my house!? I work 72 hours a week, have a child and a wife who also works. I do not have the time nor the inclination to spend my evenings and weekends showing people around my house.

trolleymate wrote: »

I would expect an estate agent to maybe put in 15 hours per property in total with admin, phone calls and a few trips.

Where on earth did you get that figure from?

trolleymate

adg1 wrote: »

And where will I find 242 hours to spend selling my house!? I work 72 hours a week, have a child and a wife who also works. I do not have the time nor the inclination to spend my evenings and weekends showing people around my house.



Where on earth did you get that figure from?

1st Point: The added service of showing people round is offered with fixed price agents at extra cost, would expect it to be much cheaper than traditional agents agents. Obviously not for you in your circumstances.

2nd Point: If an agent takes any more than 15 hours to sell one house he wont get very many houses sold in a week. I would expect they would try and reduce that amount of time per sale.

Jac_Raven

Will be interesting to see how this pans out as there are many pitfalls that can crop up in a sale, and sometimes you do need that 'middleman' to steer the buyer and seller through. Could end up with a lot of unhappy customers.

I wonder if there would almost be room for a sub-industry to spring up where someone negotiates an isold sale for a fixed fee, still on a NSNF basis. Would probably still work out less costly than tradiotnal Agency fees, as the new middleman would basically have next to no overheads compared to a traditional agent, most which will be probably office rental and portal advertising fees.