Supermarket giant Tesco is planning to provide a website for private sellers to list their property for sale without the need for an estate agent.
According to the Telegraph, private sellers will be able to list their houses for £199, with viewings and offers arranged through the site. Customers will also get a Tesco 'for sale' sign.
Tesco is looking to create a portal with feeds from other property sites displayed alongside its own listings. But predictably, sites that are controlled by or rely on estate agents are opposed to the idea.
Rightmove, Propertyfinder and Primelocation, which take their listings from agents, are all concerned about Tesco's plans and have so far refused to cooperate.
Propertyfinder CEO Warren Bright told the paper:
"Their proposition is not in the interests of the estate agent, who is our customer.
"They wanted to position their private sellers at the top of their listings, followed by our listings. They won't be getting feeds from us."
Further reading:
Are estate agents doomed?
Graham Charlton is Editor at Econsultancy. Follow him on Twitter or connect via Linkedin or Google+.
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12:27PM on 30th September 2008
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