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Asda to sell homes!

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  • Asda to sell homes!

    Oh, lordy - it's got to be sad when supermarkets decide they can offer homes for sale in their stores!

    Anyway, Asda have decided that they can do this - but rather than have an estate agent look in a corner of the store, they'll just have the property showcased on a PC terminal:
    http://news.bbc.co.uk/1/hi/business/4948388.stm

    Supermarket group Asda is to start selling property through its stores.
    Shoppers will be able to browse properties for sale via an in-store computer terminal.

    People choosing to sell their homes through Asda will pay lower than average estate agency fees and receive a free Home Information Pack (HIP).

    The system will be trialled in 10 Asda stores in the Sunderland area during the summer but could be rolled-out across the UK by the end of the year.

  • #2
    Bloody hell, it's about time the government stepped in now and stopped all this. A supermarket should sell tins of beans and stuff, not houses and everything else it can think of. Who's business will they ruin next? It'll be Asda TV soon and Sky will be gone.

    Jayne
    http://bowbiz.co.uk
    Commercial Propert and Business Sales.

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    • #3
      If Asda are doing it then it won't be long before the others follow! I can't see anyone queing to get on the PC though, but I guess they'll offer the property service on-line too eventually!
      Mark
      Bridging Loans | Property Development Finance

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      • #4
        That's what I'm thinking - supermarkets are so competitive that once one offers a service, the others want in.

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        • #5
          Property Trial

          I don't think everything supermarkets try to do actually works and property sales may be on that may not. I seem to remember a few years back they were trialling post offices but that never moved forward. It will be interesting to see if property does work. My guess is that the others will sit back & wait for the result of the trial. If Asda rolls it out then everyone else will quickly & easily be able to replicate , theres no rocket science there after all.
          Mark
          Bridging Loans | Property Development Finance

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          • #6
            What's the big deal

            Originally posted by brian
            Oh, lordy - it's got to be sad when supermarkets decide they can offer homes for sale in their stores!

            Anyway, Asda have decided that they can do this - but rather than have an estate agent look in a corner of the store, they'll just have the property showcased on a PC terminal:
            http://news.bbc.co.uk/1/hi/business/4948388.stm
            What's the big deal. If you've ever tried buying a house in the UK, you'll know theres no organised way of doing it like in the USA.You have to go from estate agent to estate agent and pay exorbitant fees at each if you want all the available listings. However if you live in the USA you can go to one of many sits and view all available properties, and set up walk-throughs, anywhere in the country. Why shouldn't the UK get with the program. It serves both the seller and the buyer.
            This ASDA program will employ real estate agents and surveyers and will cost less. I think it's a great idea.The estate agents have been fleecing and gouging the public for years and now a more efficient system will benefit everybody.

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            • #7
              I agree that buyers and sellers would probably benefit from a centralised system - my concern here is that it's simply a further fragmentation, with exclusive lists at different supermarkets, on top of the already confusing mix of estate agents covering different areas.

              And welcome to PW.

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              • #8
                It will be interesting to see how it works out for ASDA. Since they are a subsidiary of Wal-Mart, it has to be noted that in the U.S., they even tried selling caskets (so did Costco) and I don't think that's worked out too well.

                Also, bear in mind that American realtors take a much larger percentage (upwards of 5%) than here in the U.K. so realtors can share in a sale, split the commission and still come out better than estate agents here.

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                • #9
                  I must say, it just doesnt feel right for ASDA to sell homes and the whole approach sounds wrong as well.

                  As someone else said a lot of things done by the big supermarkets don't actually work properly and are actually not as competitive as we are led to believe

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                  • #10
                    This method was attempted years ago by a supermarket chain. It died a death then and it will do so again. They are working on the premise of cheap fees = high turnover but there is too much competition and just jumping on the housing market bandwagon with a half baked business plan will not convince the majority.

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                    • #11
                      I think I'd agree ... I'm not snobby(well too much lol) and I certainly buy things at ASDA, but I honestly think I'd pass on a house from them. What are they going to called the sub divisions ...George Place, George Acres????

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                      • #12
                        Originally posted by Jayne View Post
                        Bloody hell, it's about time the government stepped in now and stopped all this. A supermarket should sell tins of beans and stuff, not houses and everything else it can think of. Who's business will they ruin next? It'll be Asda TV soon and Sky will be gone.

                        Jayne
                        The Walmart-Asda-fication of the world! Simply ridiculous!

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                        • #13
                          Originally posted by bukowski12 View Post
                          The Walmart-Asda-fication of the world! Simply ridiculous!
                          Quite right!

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                          • #14
                            news to me! have they started yet? not see any for sales in adsa's around me
                            forum http://www.thepropertyforums.co.uk/forum

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                            • #15
                              Originally posted by vicki2 View Post
                              I think I'd agree ... I'm not snobby(well too much lol) and I certainly buy things at ASDA, but I honestly think I'd pass on a house from them. What are they going to called the sub divisions ...George Place, George Acres????
                              Lmao!! I can just see it unfortunately.

                              Doesn't this encroach on the monopoly laws? Or are they getting around their (legal) inability to expand in retail by expanding into other areas.
                              Learn How To Plaster
                              Run By Plasterers For Plasterers

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