Still no viewings after 4 months?

Tancred

daniellaoxox wrote: »

I was on the market for one month with my own sign, now have the estate agents signs. House was also in the property guide a few times, and is on about 20 websites. So frustrated! How do open days work - sounds like that would be worth a try!

You could always try an auction if you really must sell it.

kingstreet

daniellaoxox wrote: »

House definitely isn't overpriced, was valued at £157,000. Would rather not, for privacy reasons.

An estate agent's marketing price was £157,000.

After four months inactivity, it's now time to reduce it. It isn't working.

It can't be the interior, as no-one has viewed it to make that an issue.

That leaves location and price.

You can't change the location, so...

seven-day-weekend

I think if you have had no-one through the door, then it is overpriced.

Old_Git

its either overpriced or your agent is crAp,maybe both .

What has the agent said .
What are the selling prices (not the asking prices ) in the area .

Can you get a friend to ask the agent about houses and see if they offer yours.Maybe the agent will say, look its overpriced but the vendor wont listen to reason.

Davesnave

Are you intending to move away or stay in the area?

This is key, because if you are selling and also buying in a depressed area of sales, then there are deals to be done.

Just because agents have valued your house at a certain price doesn't mean it will sell around that level. In a duff market, the sale price may be 10 -15% below the hoped-for figure. You either accept that as the reality and adjust, or pull out.

Large numbers of people live around Grimsby (and Hull!) and some of them will want to move or get into ownership. If you haven't interested any of them in four months, the answer, staging apart, is pretty obvious.

harrys_dad

A house is worth what someone will pay for it, that is a proper valuation not an EA one. By definition therefore your houise is too expesnive for your market. Having said that, where are you moving to? The only important consideration is "price to change", how much more you have to pay for your next house. The absolute selling prices are irrelevant, just the difference. Reduce yours, get a definite sale, and use that as a lever to get a good deal on the one you are buying. £200,000 - £155,000 = £45,000. £180,000 - £140,000 = £40,000. Sell yours cheaper and still be beetter off!

hildosaver

Drop the price, sorry but that is the only way.

I_have_spoken

It's going to be long, long slog to sell in the NE. How do you compare to the competition?

This three bed detached at £155,000 in Laceby looks in walk-in condition with garage, en-suite and country-side views - http://www.rightmove.co.uk/property-for-sale/property-40298858.html

But people could see this repo. at £135,000 in Stallingborough which has a conservatory too; just needs a weekend to emulsion the bedrooms and you're £20,000 to the good - http://www.rightmove.co.uk/property-for-sale/property-26470206.html

Better_Days

I_have_spoken wrote: »

It's going to be long, long slog to sell in the NE. How do you compare to the competition?

This is the important thing. Like I have spoken, I had a look on RM at the 3 beds on the market in Grimsby. In your price bracket there are a number of well presented properties that have been on the market for many months. This is marketed at £149,950 and has been on the market for over a year
http://www.rightmove.co.uk/property-for-sale/Grimsby.html?minPrice=130000&maxPrice=160000&minBedrooms=3&maxBedrooms=3&displayPropertyType=houses&oldDisplayPropertyType=houses&index=10

Are you on RM?

What are the recent sold prices in your immediate area?

Without being able to look at the exact property (and I can understand why you don't want to post the link) it is hard to give specific advice.

Have a look at the contract you have signed with your EA and find out how long you are locked in with them and the notice you have to give. Ring your EA up and ask them why no viewings. Have a critical look at the photos. Do they need redoing? Out of season photos can make a property look 'tired'.

Get some more EA's round - and not only the chains, but local independents too. Ask for a realistic valuation. If they suggest the same AP as you currently have, then they are not being honest with you. Don't tell the EA's what the others have valued at. Ask the EA's if there is anything you can do to improve presentation. Bear in mind that some EA's value high to get the business.

And as Davesnave has pointed out if you are intending to stay in the area then any drop in price in your property is notional because what you purchase will be affected by the same market forces.

At the end of the day, though, no viewings at all after 3 to 4 months really does suggest that you are pricing too high. As a buyer there are properties that I did not bother viewing as I felt it just wasn't worth the time as the the property was overpriced.

ognum

I think one of your problems is that Youare up against four bedroom detacheds for the same and lower prices.

The number of SSC houses in your price range is very low, probably about 10% of the housing stock so you really need to find something that makes your house special and price is the best thing.

This will be a hard slog to sell and be ready to take the first offer even if it's low when you get one.