Found a house I love, cant sell my own!!!

avenida

After looking for years then put house on the market, have finally found something in my desired area but cant sell my own!! I guess this happens alot, does it? so frustrating!!!!!

Are we better not looking until we sell ours, I guess its just torturing myself!!

poppysarah

How much have you reduced the price on yours?

avenida

I had reduced it 10K then our viewers cancelled twice, guess maybe have to reduce now

Eric1

In my area now, 8-10 % off would do it, or even cause a bidding war

avenida

Could try it but with the current market dear knows how long it will take to sell

Cannon_Fodder

Your house has been on the market 7 months;

avenida wrote: »

My first estate agent valued it at that so we initally had our house on the market for offers around 165 then dropped to 160 now on at 155

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/regions/html/region11.stm shows a 20% drop in NI prices.

So, yours will have dropped around -10%, for being on the market 6 months, plus a bit for maybe being overpriced in the first place - you have been chasing prices down and never quite got ahead of the market drops.

£165k minus 10% is £148.5k, minus a bit to get noticed and generate some interest, call it £145k.


DROP THE PRICE.

avenida

Cannon_Fodder wrote: »

Your house has been on the market 7 months;



http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/regions/html/region11.stm shows a 20% drop in NI prices.

So, yours will have dropped around -10%, for being on the market 6 months, plus a bit for maybe being overpriced in the first place - you have been chasing prices down and never quite got ahead of the market drops.

£165k minus 10% is £148.5k, minus a bit to get noticed and generate some interest, call it £145k.


DROP THE PRICE.

Point take cannon Fodder, thankyou

avenida

Just a quick question, I know that everyone is saying drop the price to sell which I agree with however, the people that offered on our house in September, have now sold there house!

They had it on the market in september at offers over 199,950 and just sold there last week, they never dropped the price, confused!

hamblettamaud

Some houses just aren't that sellable. Mine isn't. It's been on the market for over a year. I've reduced from £180,000 to £130,000 and would sell at anything just to get rid of it. However, you still need to get buyers to view - and with few able to get mortgages there are few buyers, and what buyers there are have so much choice in a flooded market. Good luck, avenida.

jsh99

Have you investigated renting it out? Have you enough equity in it to re mortgage and use that as your deposit?

Not saying it's for everyone - there are big responsabilities to being an LL but worth investigating?? Lots of threads on here about the pros/cons and what you have to do so have a search.

That's what we did to get our dream home. So far (3 months and touching lots of wood!!) and it's all working out ok.

avenida

hamblettamaud wrote: »

Some houses just aren't that sellable. Mine isn't. It's been on the market for over a year. I've reduced from £180,000 to £130,000 and would sell at anything just to get rid of it. However, you still need to get buyers to view - and with few able to get mortgages there are few buyers, and what buyers there are have so much choice in a flooded market. Good luck, avenida.

I am going to have a chat with my estate agent about dropping the price etc

I dont know if I would like to be a landlord, I have 2 young children and doubt i would have the time