Should we drop the price?

tyllwyd

puddy wrote: »

... i cant get my head round people that put their property on the market but 'wont' (not cant) go beyond a certain price, well if you're determined not to, then dont and take it off the market

Why not? Its like putting property in auction with a reserve price - if you don't get your reserve, you don't sell. It's a perfectly valid point of view.

carrottsforlunch

Jen2girls wrote: »

Yes we are considering a different agent once our contracts up with our current one in a few weeks. As for the house, all the agents who came to view it said there was nothing more we could do to it to add value etc. Its in really good condition. Unfortunately i think this may be our problem as the houses that seem to be selling in my area appear to be the development projects

I can only speak as i found the market in my area , i had more viewings at £130k than i had at £128k . Buyers want bargains ( fair enough dont blame them ) and if you are not prepared to sell as a bargain you are pretty much wasting your time . I took my property off the market even though the feedback i was getting was good (i even asked the agent if he was telling me the the full story and he told me there had not been one negative comment and i include the price in that), but like you my property was spotless and i felt buyers were looking for properties that they could reduce by a poor kitchen,bathroom,carpets etc .
I was in no need to sell so i took it off the market where it will remain until the market has a bit more sanity to it , even if prices drop a bit im not to bothered as long as it drops across the board . :beer:

sonastin

puddy wrote: »

i would agree with this, op needs to either accept that the price needs to go down a lot (depending on recent sales info for the area) or accept that they are not going to sell and take it off the market. i cant get my head round people that put their property on the market but 'wont' (not cant) go beyond a certain price, well if you're determined not to, then dont and take it off the market

There might be a buyer out there that IS willing to pay what the OP is wanting for the house. If she takes it off the market, she'll never find that buyer. If she leaves it on the market but adjusts her expectations of a quick sale, the EA might just be able to track down that buyer for her eventually. Taking it off the market just guarantees that it won't sell.

Cannon_Fodder

Trim the price by 5%, leave 2% further negotiating room.

Bargain hard on the place you want to buy. They are probably in the same boat.