Need advice for quick sale please!!

GracieP

Karen tbh, I think what you need to do if two weekends pass after you lowered the price without any viewings is to lower the price again. And after another two weekends cut again, and on and on.

If you aren't even attracting viewings your price has to be completely divorced from what local buyers can afford. Other asking prices don't matter, selling prices count. And with lending restrictions tightening and bank rates going up what buyers can afford is getting lower and lower.

roseland69

GracieP wrote: »

Karen tbh, I think what you need to do if two weekends pass after you lowered the price without any viewings is to lower the price again. And after another two weekends cut again, and on and on.

If you aren't even attracting viewings your price has to be completely divorced from what local buyers can afford. Other asking prices don't matter, selling prices count. And with lending restrictions tightening and bank rates going up what buyers can afford is getting lower and lower.

I agree with this. People may be watching the property on rightmoves and liking it but its too expensive. If they have property bee they'll be able to track price changes. Those that don't have price changes and have been on for ages stand out. In a bad way.

So either keep chipping the price down and see if that draws them in OR just knock a chunk off and get them flooding in the view it.

But if you have NO viewers it can only mean its too expensive. By some way. Because people will look at places a "tad" out of their pricerange if they think there's a chance they can knock the price down to something they can afford. But no one will bother if its on for the same high price which never changes. It gets to the point that people will see it there still and think the seller isn't really interested in selling and is just testing the market. Either that or the seller is digging their heels in and so what's the point in offering lower as clearly they aren't interested in anything but asking price.

Dinah93

I was staggered by what we as FTBs would be loaned once we have our deposit in place, it would buy us a £140k shoebox, so we've decided if prices don't come down further we'll be staying put for longer and saving a bigger deposit so we get a better rate and can afford something in the £180k bandwidth that we could actually live in. This isn't the OPs area, but FTBs in her area will probably be equally in shock with what their money will get them. I think FTBs are thinking longer term now, and want to buy for the next 10 years rather than 2, with the market so unstable.

Honestly if I was researching the area I'd see things like the house you just bought and think 'not much differnce in price but huge difference in house, i'll wait for something like that to come up', rather than settle for something that has been on the market ages with no movement. It's not a bargain, and I'm not desperate because I'm a FTB so not in a chain and needing to be out, so I would be sitting tight.

gauly

charliee wrote: »

sorry the link is massive.. i cant seem to get it any smaller and still working :-(

Alternatively you can just chop off everything from the ? onwards on Rightmove URLs (the stuff after the ? just describes your search). So, like this:

http://www.rightmove.co.uk/property-for-sale/property-12715596.html

charliee_3

gauly wrote: »

Alternatively you can just chop off everything from the ? onwards on Rightmove URLs (the stuff after the ? just describes your search). So, like this:

http://www.rightmove.co.uk/property-for-sale/property-12715596.html

i tried that first but it was only going to the home page... nuisance!!

natters_2

I also think it is the price - we put ours on the market a couple of weeks ago - there are 2 properties in the same road as ours- one is at £192k and has been for months - another at £175 has also been on the market for ages - we put ours up at £163 and have SSTC for £160k to the first person that came to view the same afternoon we gave the keys to the EA.

Hope you get it sold soon - good luck.

brooky_agb

Well done @natters.

I'm in a similar boat to the OP but just slashed the price even though we *were* getting lots of viewings. It's now one of the cheapest properties in town and it doesn't need work like the ones it is priced against.

Wish me luck. I just want to move now get rid and get on with my life. I think the OP should slash the price too. Sorry (I know how you feel). It's easy for people to tell you to slash the price when they are not trying to sell it.

p.s. CBS (That's great)

Blacksheep1979

So have you had any viewings/offers yet?

karenthemummy79

no - and we are just pinning our hopes on one lady that apparantly wants to view ours, the one next door (145k) and the one across the road (160k). She is a cash buyer and wants to be near the village school (only a 5min walk from here). Apparantly she has been very poorly so told the EA she wants to wait until the end of the month which was obviously yesterday so I am hoping and praying for a viewing very soon...... I am hopeful because I know that out of the 3 - this one is definately the best value........

pawpurrs

Good Luck with that karen, hope you get some viewings soon.