Tesco Compared With The Little House Company Selling Property
Tesco entry into house selling market
The Times newspaper compares selling a property with Tescos who are in a joint venture with estate agent Spicerhaart ,and other property selling services including The Little House Company. Tescos services are not private house sales but an estate agents service backed by an established agency.
In the article by Mark Bridge it highlights the success of a recent private sale made by happy Little House Company client Barry Thomas.
Mr McLaren, of Which?, says that sellers should be able to find their own buyer with relative ease, and points out that private sales (via small ads) were common until the 1980s.
Barry Thomas used one of The Little House Company’s private sale deals when he sold his mother’s house in Forest Gate, East London, this year. He says: “We had tried an estate agent, who wanted 1.9 per cent commission — and was unhelpful. Selling privately was easy. When viewers seemed serious, we gave them our solicitor’s contact details and said they should ask their solicitor to get in touch. It took nine months, but we got £250,000, which was what we wanted, in a difficult market. I was keen for my mother to keep as much of her money as possible. In the end, we spent less than £500 and saved more than £4,000 in fees.”
Mr Thomas says that a “for sale” board attracted about 60 per cent of the people who came to see the property, with the remainder prompted by the online ads. He has now listed his three-bedroom home, in Chadwell St Mary, Essex, on the website at £185,000.
Little House Company director Nick Marr says: “Our typical client is in his or her late forties to early fifties and selling a home for more than £400,000. These are people who have sold with agents before and know how the market works but have not received good value. Because their homes are worth good money, they stand to save £5,000-plus on fees.”
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