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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

Published 2 July, 2007 by Graham Charlton

Graham Charlton is the former Editor-in-Chief at Econsultancy. Follow him on Twitter or connect via Linkedin or Google+

2565 more posts from this author

Comments (2)

Avatar-blank-50x50

Gold Smith

Hello Everyone!
I have had a brilliant property experience; they were true to their word ?Property done properly?. I was impressed as soon as I went on their website
http://www.ipbre.com
all their country profiles were totally free of charge, and
they had over 50 countries, further more the profiles were highly detailed
and informative.

International Property Brokers offered me a personal service which saved me
money, time and effort; making my investment in property cost effective,
time efficient and stress free.

I was assigned a dedicated Account Manager; a single point of contact for
all my property needs, 24 hours a day! They claimed that ?Your Account
Manager will support and guide you through the entire process, and answer
any questions you may have?. I found that promise hard to believe, but they
were true to their word, they advised me in all the aspects of my potential
sale and purchase for both properties in the UK and international property
developments and investments, which included residential and commercial
property.

over 8 years ago

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Scotia Homes

Good news that Tesco is moving into online short. Its going to be very interesting who the deals are going to be online. Hope that prices will go down and the general public get benefit by the deals.

almost 8 years ago

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