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Tesco launches new estate agency iSold.com in York

A NEW estate agency concept is opening in York.

Supermarket Tesco has launched the new agency iSold.com, operated by estate agency Spicerhaart, with a branded bus which will be promoting the new service outside Tesco in Clifton Moor until Sunday.

The business will employ up to nine locally based valuers and will have a further nine staff servicing the York area from its central offices in Colchester.

The new agency, which was launched in Bristol in March, claims it can cut the cost of selling a property.

Jon Evans, its managing director, said the business was a combination of a traditional estate agency and an advanced website to streamline the sales process.

“York was selected as one of the very first locations in the country to experience the iSold.com phenomenon.

It is such a historic city and one which has seen many developments and changes over the centuries.

It also has a thriving property market so it was the ideal place to launch such an innovative new product.”

The business has a fixed-fee payment scheme and sellers can choose from a range of packages.

The Office of Fair Trading sparked concern among the estate agency industry in February when it published a study into home buying and selling, which recommended helping new business models, particularly internet businesses, to enter the market to encourage more competition on price.

But Peter Bolton King, pictured above, chief executive of the National Association of Estate Agents (NAEA), said: “Contrary to popular belief, estate agents have always embraced new innovations in the market, including advertising properties on the internet.

“Buying or selling a home is the largest single financial transaction of a person’s life, so it is crucial that consumers do not use an internet portal at the expense of the advice and expertise that a professional agent brings.

“We would urge customers to stick with professional, qualified NAEA members.”

Comments(16)

lucy smith says...
10:43am Thu 10 Jun 10

Where will the arrogance and ambition of Tesco end? They want to dominate every walk of life. They will not be happy until they are the true "Big Brother"and know everything about everyone. And there food is awful and tasteless. Every Little Hepls Tesco, not the everyday person in the street.

piaggio says...
11:08am Thu 10 Jun 10

“We would urge customers to stick with professional, qualified NAEA members???

its called competition,if you dont like it peter ,get another job

lucy smith says...
12:11pm Thu 10 Jun 10

piaggio wrote:
“We would urge customers to stick with professional, qualified NAEA members??? its called competition,if you dont like it peter ,get another job
Yet Tesco will not be happy until they force the others out of business like they do in every other walk of life. Competition isn't in it, they are a behemoth that must be broken up.

nasrudin says...
1:10pm Thu 10 Jun 10

This is fantastic news.

It's just what the world needs: more estate agents!

:/

mystic_genius says...
3:21pm Thu 10 Jun 10

lucy smith wrote:
Where will the arrogance and ambition of Tesco end? They want to dominate every walk of life. They will not be happy until they are the true "Big Brother"and know everything about everyone. And there food is awful and tasteless. Every Little Hepls Tesco, not the everyday person in the street.
Not sure what your problem is with Tesco.
`
If they can make money out of things, why should they not be able to? So what if everything is owned by tesco? I love the meat from my local butcher, but I can get similar stuff at half the price at Tesco.
`
I would make the firm argument that having Tesco would vastly improve the life of the everyday person - the everyday person will have more money as buying less on the essentials. They will have more time, as do not have to visit 15 differnt shops to buy different things. Whay is bad about it? Loss of local shops? If the local shops were good enough, they would thrive - like every business, if you aren't good enough, you fail - look at Jarvis and Woolies, why are small businesses exempt from failing?

lucy smith says...
3:31pm Thu 10 Jun 10

mystic_genius wrote:
lucy smith wrote: Where will the arrogance and ambition of Tesco end? They want to dominate every walk of life. They will not be happy until they are the true "Big Brother"and know everything about everyone. And there food is awful and tasteless. Every Little Hepls Tesco, not the everyday person in the street.
Not sure what your problem is with Tesco. ` If they can make money out of things, why should they not be able to? So what if everything is owned by tesco? I love the meat from my local butcher, but I can get similar stuff at half the price at Tesco. ` I would make the firm argument that having Tesco would vastly improve the life of the everyday person - the everyday person will have more money as buying less on the essentials. They will have more time, as do not have to visit 15 differnt shops to buy different things. Whay is bad about it? Loss of local shops? If the local shops were good enough, they would thrive - like every business, if you aren't good enough, you fail - look at Jarvis and Woolies, why are small businesses exempt from failing?
Take it you work for the almighty Tesco then.

Pedro says...
3:33pm Thu 10 Jun 10

I miss the local shops. Hearing half an hour of women's gossip before being brought back in to the real world by a sharp, "yes."

anti-rant says...
3:54pm Thu 10 Jun 10

Trust me, I know people who are emplyed to do this for Tesco and enthusiasm is all the qualification that is needed. Oh, and to work for peanuts.

Saying that, estate agents are useless as well.

Jim says...
4:16pm Thu 10 Jun 10

Think of the clubcard points....

anti-rant says...
4:18pm Thu 10 Jun 10

Jim wrote:
Think of the clubcard points....
Ooh, good point...

lucy smith says...
4:56pm Thu 10 Jun 10

anti-rant wrote:
Jim wrote: Think of the clubcard points....
Ooh, good point...
Yes a whole months worth of tasteless gone off rancid muck for free. Every little helps.

Viper_7 says...
6:16pm Thu 10 Jun 10

lucy smith wrote:
anti-rant wrote:
Jim wrote: Think of the clubcard points....
Ooh, good point...
Yes a whole months worth of tasteless gone off rancid muck for free. Every little helps.
Yes, they are so bad, and sell rubbish goods, yet they are one of the largest employers and have one of the highest footfalls and make billions...
Something doesn't add up...

This is great news, next they will be rolling out further legal services, and put an end to the £200 an hour solicitors.

Alucard says...
9:47pm Thu 10 Jun 10

Rancid food is not tasteless. Really should think a bit more before ranting

King Edward says...
12:21am Fri 11 Jun 10

If it means the overcharging dishonest slackjaws we have in York have the smugness wiped off their fat faces, then it's a good thing. Can they start doing councils next?

mystic_genius says...
7:55am Fri 11 Jun 10

lucy smith wrote:
mystic_genius wrote:
lucy smith wrote: Where will the arrogance and ambition of Tesco end? They want to dominate every walk of life. They will not be happy until they are the true "Big Brother"and know everything about everyone. And there food is awful and tasteless. Every Little Hepls Tesco, not the everyday person in the street.
Not sure what your problem is with Tesco. ` If they can make money out of things, why should they not be able to? So what if everything is owned by tesco? I love the meat from my local butcher, but I can get similar stuff at half the price at Tesco. ` I would make the firm argument that having Tesco would vastly improve the life of the everyday person - the everyday person will have more money as buying less on the essentials. They will have more time, as do not have to visit 15 differnt shops to buy different things. Whay is bad about it? Loss of local shops? If the local shops were good enough, they would thrive - like every business, if you aren't good enough, you fail - look at Jarvis and Woolies, why are small businesses exempt from failing?
Take it you work for the almighty Tesco then.
No, I actually work for Portakabin. Not sure how that makes my opinion less relevant, but hey. Let's not let the facts get in the way of your opinion.
`
My opinion comes the fact I believe firmly in the open and free market. Tesco are merely offering things people want at a price people want to pay. If another competitor had come out and done the same thing, would there be uproar? No. Some people ,for reasons best known to themselves, have a hatred of a company which can provide goods and services at a price people want to pay. So what if that company is always Tesco? My opinion is when I buy/sell a house, I want to be a little ripped off as possible. If that means shopping at Tesco, I'll do it at Tesco. Same for my pet insurance, same for my loan and same for my weekly shop, same for anything else I want to buy. If I believe they are cheapest/offer me best value, I don't particularly care whose name is over the door.
`
Ooohhh Tesco are taking over the world. Get real. Tesco are wanting to make money like every other business. If that means they have a slice of every pie, fair play to them - the same laws of business apply to them as everyone else.

Elle says...
9:40am Fri 11 Jun 10

I just took a look at the website - you have to register to see the properties for sale. I prefer other etstate agent sites where I can browse not just receive emails about houses for sale.
On another note, tesco is no worse than any other supermarket, just has greater diversity. Asda has had a finger in the housing market for years, do you all complain about Your Move?

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