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Too soon to drop the price?
wondereyes
Posts: 9 Forumite
My house (ex-council property) has now been on the market for around seven weeks. The estate agent has not arranged any viewings and has said they have had no enquiries about the house. We've had the total of seven viewings from the Open Sundays we've held. Five of those people had not put their own house on the market yet and the others had not yet sold their own house. I can see the Open Sundays going on forever, with no-one turning up who is in a position to actually buy.
I'm wondering if I should drop the price to get more interest in the property, or if I'm being a bit premature after such a short time. If I do drop the price, I think I'd prefer to avoid any mention of the house being "x-amount under the valuation price". When I see that I always think it makes the seller look a bit desperate and also makes me think there might be something wrong with the house.
I'm not desperate (yet) but very keen to make a quick sale and get on with my life -- just like most people here, I suppose.
I'm wondering if I should drop the price to get more interest in the property, or if I'm being a bit premature after such a short time. If I do drop the price, I think I'd prefer to avoid any mention of the house being "x-amount under the valuation price". When I see that I always think it makes the seller look a bit desperate and also makes me think there might be something wrong with the house.
I'm not desperate (yet) but very keen to make a quick sale and get on with my life -- just like most people here, I suppose.
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Comments
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Hmmm, who can say, but if you where to put a link up!0
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Yes stick a link up so we can see it! Whats your reason for selling? Are you looking to move or do you need the money? Is it competitively priced?
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wondereyes wrote: »My house (ex-council property) has now been on the market for around seven weeks. The estate agent has not arranged any viewings and has said they have had no enquiries about the house. We've had the total of seven viewings from the Open Sundays we've held. Five of those people had not put their own house on the market yet and the others had not yet sold their own house. I can see the Open Sundays going on forever, with no-one turning up who is in a position to actually buy.
Emphasis mine.
The EA is telling you that your price is too high. Whether or not the EA knows that they are telling you this is another question.wondereyes wrote: »I'm wondering if I should drop the price to get more interest in the property, or if I'm being a bit premature after such a short time. If I do drop the price, I think I'd prefer to avoid any mention of the house being "x-amount under the valuation price". When I see that I always think it makes the seller look a bit desperate and also makes me think there might be something wrong with the house.
I'm not desperate (yet) but very keen to make a quick sale and get on with my life -- just like most people here, I suppose.
Reduce your price. I sold my house in just 6 weeks by reducing the price twice in that time.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Ask the EA why he can't get any viewings.
If he's the one who's suggested the price then he's maybe got it wrong?0
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