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Last Updated: Wednesday, 26 April 2006, 23:11 GMT 00:11 UK
Asda set to start selling houses
Asda store
Shoppers may soon be carting away a property
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.

"For years, postcards on our community boards have helped customers rent their perfect pad - now we're going to help them buy it," said Gev Lynott, Asda's financial services director.

Incentives

People looking to buy property can browse a website with properties for sale and then leave their contact details.

They will then be contacted by a representative from Homes at Supermarkets who will arrange a viewing.

Incentives are to be offered to people looking to sell their home through their local Asda.

Sellers will receive a free HIP.

From June 2007 it will be compulsory for sellers to have an HIP.

The packs will contain a property survey as well as proof of ownership and local authority search results. Some estimates have put the cost of preparing an HIP at between 600 and 1,000.


SEE ALSO:
Asda plans to recruit 2,800 staff
14 Nov 05 |  Business
Asda planning to shed 1,000 jobs
05 Jul 05 |  Business
Asda appoints new chief executive
18 Mar 05 |  Business
Asda set to create 6,000 new jobs
17 Feb 05 |  Business
Tesco battling Asda in price war
21 Dec 04 |  Business


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