would you use a
With the news last month that Tesco is entering the estate agency business, would you consider using the supermarket giant to sell your home?
Tesco is teaming up with estate agent Spicer Haart to launch iSold.com, a website that allows people to sell their home for a flat fee.
A trial is expected to go live in the Bristol area very soon with a national roll-out likely later in the year.
The basic package involves a visit from a valuer who measures up, puts together the property details and takes photographs before the property is listed, via iSold, on property websites.
The seller also gets a ‘For Sale’ board to put up.
Crucially, it is the responsibility of the seller to conduct the viewings.
Tesco is not alone in offering internet-based services for home sell- ers.
One of the latest additions to the property market is Tepilo.co.uk run by Property Ladder’s Sarah Beeny, which offers the chance to sell your home for free, with no fees.
By Mike Goldsmith, company secretary, Fastmove
Sites like iSold and Tepilo may sound good in theory, but, according to local property experts, there are some major issues for vendors to consider.
The first concerns safety and security – would you be comfortable allowing strangers to walk around your home and view your proper- ty and all your belongings?
Secondly, there is the practical issue of making yourself and your home available for viewings. A couple who are out at work all day will be at a disadvantage as they may have to turn down viewings.
In addition, how do you know a prospective buyer is a serious purchaser and not just a nosey neighbour?
Estate agents perform a vital role in qualifying potential buyers by finding out about them before allowing viewings. Have they sold their current home? How big is their chain? Do they have finance arranged?
There is also the matter of dealing with the professionals involved in the home moving process. Estate agents are used to handling enquiries about all kinds of issues from solicitors and surveyors.
Finally, there are the legal aspects to consider. Many home movers will be unaware that, by misrepresenting a property, they could end up end up breaking the law.
54 the plymouth magazine
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