Been on market 4 months and no viewings!

poppysarah

bowieben2 wrote: »

Hi.

My girlfriend bought the flat in November 2007 for £114,000 so we cant afford to lower the price too much.
Ben

That isn't a huge problem unless you want to sell. When you do want to sell rather than just appear on rightmove it is.

And put some colour gently into your house. The red box in the lounge is the only bright thing.

bowieben2

poppysarah wrote: »

That isn't a huge problem unless you want to sell. When you do want to sell rather than just appear on rightmove it is.

And put some colour gently into your house. The red box in the lounge is the only bright thing.

Ha, yeah now you mention it, looking at the pics there isnt much colour! It does look better in real life, will maybe have to get some new pics taken, Ta

telfordwhite

Riq wrote: »

It's always price.

Spot on. Forget about EA photo's, position in the EA window etc it all comes down to price.

Looks like you've tried to be realistic butting it on for 15k less than you bought it for but people are now looking for the best deal, If yours aint it then you won't sell.

When we sold almost 3 years ago (admittedly the market wasn't quite as bad as it is now) reducing our 4 bed by just 5K put it in with all the 3 bed houses in the area on RM and it stood out like a sore thumb and we sold shortly after.

hngrymummy

When we sold my flat I tried to make sure that it was one of the cheapest in the area, as it got people viewing it. We regularly dropped the price by 5k until it got to a price that someone would be prepared to pay for it. I also believe that our EA overpriced it in the first place. Had I been thinking properly I'd have put it on 10k lower than they suggested.

It's about price really. Can you afford to sell it at that price? Or can you afford to not sell it at that price and risk losing the house you want?

I agree with the other comments too - fewer photos, bit of colour, floor plan and bed in second bedroom.

molit

Wihtout wanting to be the bearer off bad news, I seem to recall that a few years ago there were a lot of flats built as part of BTL schemes, and regeneration in Leeds, so that might depress the price.
Other things, is it a shortish lease, that would really put me off, anything under 90 years in my view depresses the price. Ah, just read the description. I'd extend the lease, as people struggle to get mortgages for flats with less than 70 years,
Loose some of the photos as well, 25 is too many.
The place does look very nice though, and I wouldn't worry about being slightly more expensive, a decent EA will drag any potential buyers around something with is only a couple of k more expensive.

Oh, and good luck

gabyjane

Just wanted to say i LOVE looking at houses and once started i can scan them for ages criticising usually BUT for once you have a flat which is decorated really nice inside..no clutter, no smelly dog on the bed! etc it's really nice. Sorry no idea why as i like it and im very picky!

Good luck with selling it x

lpp1980

Unfortunately a flat bought at peak for £114k in 2007 will not be worth that again for some time. Its a problem facing lots of people I imagine. You need to be realistic with the current market, it all points to falls and stagnation at best. If you got offered £90k, I'd bite their arm off.

bowieben

Well I think what were going to do is, firstly Im going to speak to the estate agents selling the house we want, Im gonna get them to value the flat and consider marketing it with them. I feel like our current estate agent has given up to be honest. We'll look then to dropping the price to £95k, and be prepared to accept around £90k. Im reluctant to drop the asking price to 90 as any offers would then be mid 80's which we just cant afford to accept. So if nothing happens around the 90 mark then looks like we'll be staying put!

dboswell

it all boils down to price. you may also consider switching estates to freshen things up.

harz99

bowieben wrote: »

Well I think what were going to do is, firstly Im going to speak to the estate agents selling the house we want, Im gonna get them to value the flat and consider marketing it with them. I feel like our current estate agent has given up to be honest. We'll look then to dropping the price to £95k, and be prepared to accept around £90k.

Good idea, and best of luck with it.

I am surprised nobody else has commented on your current EAs ploy to get you to shell out the £5k deposit contribution whilst they will still get commission on the full sale price (if it were achieved), rather than a lower amount on a reduced by £5k sale price!