can't sell our house

daddyorchips

our large house is on the market at the top end of the valuations and we have had very little interest.We cannot afford to drop the price.We are considering letting it out to pay the mortgage and renting a smaller property to reduce our outgoings until the market sorts itself out.Has anybody done this or have any other suggestions ? ( lodgers are not an option ! )

bazzais

Put it on the market at a lower price to create some interest. You dont have to sell if it does not reach your required target.

geoffky

everyone who is not able to sell are saying we will have to rent it out.as for not dropping the price well the market will leave you behind because the market does not care what you need for the house only what its worth in todays market (going to get a lot worse) so go to right move and check out how many are up for rent and for how much this will give you a idea.....if houses are priced to market they sell.....

dopester

Why can't you drop the price?

Give us some figures please and there may be people to suggest some useful things to consider.

PasturesNew

The only houses that are selling are those that are attractive to buyers. This means they must be priced well and presented well.

You have to be priced well against your competition. Your competition isn't just other houses for sale in your street, or your village, or area.

People will be comparing your house against others in the street, others in your village/town, others in other villages/towns around.

Do you have a rightmove link so we can give you our "Buyers' Eye View" of the details, location and price. We can compare the market for you and let you know how buyers might be viewing your property.

We are your market: strangers who are not emotionally and financially attached to it.

You are emotionally/financially attached. Your family are biased. Your friends are making the right noises. Your agent would tell you what he thinks you want to hear.

Rightmove link please ...

lynzpower

why cant you afford to drop the price? I agree, more info needed so we can help as best as we can.

angelavdavis

My inlaws have had their large detached 4 bedroomed house on the market since last year and have dropped it by £60k (about 15%) but still aren't even getting people in the door. FiL has decorated three of the rooms, and gone multi-agent but still no luck - the market is flat flat flat.

We sold OH's house recently 3 months after going on the market in April, 2 bedroomed semi, it was immaculate and neutrally decorated, decluttered, in an excellent village near good schools, with a detached garage. We were really keen to sell because it would mean clearing our mortgage. So, we priced it £6k under the neighbours house, got it in prime condition to sell, and still ended up dropping it another £15k but we sold to ftbs so we didn't have a long drawn out chain to deal with to jeopardise the sales process.

OK, ideally we wouldn't have dropped it so much, but we also didn't want to hold onto it long term as it was had barely increased in value the 4 years my OH owned it and we didn't want the bother of renting it out.

misskool

angelavdavis wrote: »

My inlaws have had their large detached 4 bedroomed house on the market since last year and have dropped it by £60k (about 15%) but still aren't even getting people in the door. FiL has decorated three of the rooms, and gone multi-agent but still no luck - the market is flat flat flat.

I rarely view multi agent houses because it appears that the vendors won't negotiate when it's multi-agent. (there's a house around my area with all 5 agents :rolleyes: )

but that's just my personal opinion.

SquatNow

If you can't drop the price then you can't sell.

It's very simple.

Leighthal

SquatNow wrote: »

If you can't drop the price then you can't sell.

It's very simple.

Yes.But if you can't sell then you could also consider letting it out and move forward.

Alybea

Do you HAVE to move?
Can you just sit it out until you get an offer? How much can you drop the price by?