House on market for 3 years

Maryswizz

After some advice as our house been on the market for 3 years now, only had 4 viewings. Been up with various estate agents and reduced the price by £25,000. Can't reduce anymore as need equity for deposit. HELP!!!

clark24

Can you post a link to it so we can give an opinion as if we were potential buyers................

brit1234

If that is the case most likely still overpriced. If you can't reduce the price I guess you can rent out but you still will have to save the deposit again. Waiting for prices to catch up may take a very long time, prices are more likely to continue dribble down for years or fall off the cliff with the Euro crisis and coming US one.

97trophy

brit1234 wrote: »

If that is the case most likely still overpriced.

100% agreed....can you stay there and just wait it out?

Maryswizz

Looks like we have too as nothing else I can do, so frustrating tho as I keep seeing houses I like but these keep seling

DPJames

For sale for three years!?! You really need to stick a realistic price on it then.

There's an idiot along from me, who's house has been for sale for 6 years now. It was up for £250K, on a street where the average is circa £90K to £110K.
Two year ago though, he decided to adjust his asking price, to £280K?!?
He's an idiot though, you're not are you?

Lower your asking. If you can't, save up until you can.

tyllwyd

Apart from the price (which seems the most obvious culprit), is there anything else about the house which is putting buyers off? Is the decoration OK? What about the garden? Parking? Are other houses nearby selling or is nothing in the area selling at all? You need to give people a better picture of the situation if you want any more meaningful advice.

phill99

I'm not convinced the price alone is an issue. EAs always tell you to reduce the price if it isn't selling as they are well known to be unimaginative, blinkered and by and large, pretty dim.

As tllwyd suggests, there are other issues. Has the house or kerb appeal? Lots of colour in the front (easy to do this time of year). Is all the. Clutter cleared, looking bright, not smelling of dogs or baby !!!!!!. While you may say 'yes' to the above, you may need someone objective to tell you the truth

cattie

If you've only had 4 viewings it definitely has to be the price. To be honest, If I'd only had 4 viewings in 4-6 weeks I'd be having a word with the ea about bringing the price down instead of leaving it lingering on the agents shelves.

If you can't bring the price down anymore then you might just have to resign yourself to staying there for a while and see if the market eventually picks up.

It's best not to look at houses until you at least have an offer for yours, otherwise it can be hard to cope with seeing them all pass you buy. Remember though, even though you've seen some you'd like to go for, there is always another house that will appeal to you that comes onto the market not so long after, so don't lose hope there.

Brallaqueen

Maryswizz wrote: »

After some advice as our house been on the market for 3 years now, only had 4 viewings. Been up with various estate agents and reduced the price by £25,000. Can't reduce anymore as need equity for deposit. HELP!!!

I honestly don't think there is any help to be had. You don't want to reduce any further and the none to subtle signal I'm getting from your situation is that no-one wants to buy your house for the price you want them to.

Running_Horse

Raise the price. That'll get them in.