selling flat

JingleJangle

It is nicely presented and the streetview looks fine, so it clearly isn't that that is putting people off. It must either be local reputation for the area (e.g is it mainly council housing) or the price.

Desperate_to_move

I guess what I was trying to say was if someone walked through the door and offered us a price drop we would consider but what we are worried about is if we drop and then get offered less as we dont have much money to play with (what ever we make will probably just cover the fees!)

It is leasehold but at a peppercorn rent - about £50 a year plus no need for buildings insurence as this covers it.

Most of the other flats (8 in total) are private lets.

The other houses around are privatly owned and have families in them.

The area has a good reputation.

Other flats in the area are on for similar price some slightly more, some slightly less but in general they arnt decorated to our standard and our central heating is only 3 years old.

JingleJangle

Is it smaller than the rest? I would also ask why there is no floor plan on the details. Or a photo of the bathroom.

KateLiana27

It looks like a well presented flat. But 18 months with no viewings is not normal at all.

What is the lowest you would be prepared/able to accept?

Drop the price to a tiny bit (say £2000?) above that. I know what you're saying about not having much money to play with if someone makes a lower offer. But the alternative is that you keep it on at the current price and no-one will even get a chance to like it, because they won't view. It's better to price it realistically, attract more viewers (which you will, as you will fall into their price bracket) and not offer a big "discount" when you do get offers.

Desperate_to_move

Its the same size as the other flats. We have a smaller independant EA coming aroud tomorow and the reason we chose him is because he makes his own computer generated floor plans and he takes pictures of absolutly everything! I guess we will have to see what he says!

Thanks for everyones help so far xx

DannyboyMidlands

18 months without a viewing?! There is only one reason, your place is hugely over-priced. So over-priced that people think that you're deluded and don't even think it's possible to negotiate with you. There are 2 bed houses available in the same area for £80k/£90k.

I'd say you need to drop by 10% absolute minimum and let go of the idea that you're going to "make money". It is quite possible to lose money on property as well as make it and the east midlands has taken a particular pasting.

If you don't want to take the hit then you need to stay put and pay down the mortgage.

pinkshoes

A friend of mine is selling a flat, and has had 18 viewings in 3 months, but no offers. Personally I think it's rather strange that he hasn't even had any cheeky offers, as he's had only positive feedback, but the EA seems to think that people are not making offers but rather than offering the asking price when the price is right!

Another person in the same block is selling using a different EA, and had NO viewings in 3 months.

So, I'd say although price could be a factor, the EA might not be very good!

ILW

Decoration etc has very little bearing if people think the place is too expensive.

evoke

Change the estate agent as you current one is obviously useless. I would go with new multiple agents (two, maximum). The "winner gets all" bait encourages them far more than having just one EA marketing your property. I went with two eventually - one local and one national - and my flat sold within a month.

Mallotum_X

Looking at Rightmove you are 10k more than some other 1 beds nearby.

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=POSTCODE%5E659502&maxBedrooms=1&radius=0.25

10k is about 15% over their price, you may think that yours is worth the extra but it would appear potential views do not. If you want to sell then you have to get your price in line with the lower priced properties just to get people though the door. Potential purchasers will then be looking to try and get another 10% or so off, so you may end up with starting offers at less than 60k.

You have got to decide how badly you want to move, can you take that sort of drop in price?

Looking on nethouseprices.com there have only been a couple of flats sold in the last 5 years, so very little to compare to.

However 18 months on the market and no interest says you price is way too high. Sorry that may not be what you want to hear.