Flat not selling

TANZA_2

My boyfriend has had his flat on the market for 14 weeks but only had 3 viewers in all that time. I thought it was too high a price and wanted him to drop the price-we want to buy a house together. He has finally decided he is going with another estate agent and then dropping the price-don't knwo by how much yet. He has had the flat up for sale for £145000 but recently had it valued by 2 separate estate agents who valued it at £120000 and £130000. This was because he was thinking of part-ex for a new house and the builders offered £140000 in part ex so what would be the value of the house, I don't know. I still believe every house sells at the right price. He bought it for £110000 4 years ago so if he reduces it to £139000 does that sound about right? I am getting fed up now as nothing is happening and I just want to move to OUR house and not something he had before. Does anyone have any advice as to how to sell the flat?

Doozergirl

The builders are offering him what looks like a good price because there is likely to be a hefty discount available to be taken on the price of the new build. Their valuation of the flat may well be lower than the price they have actually offered.

New build prices are often negotiable, sometimes by quite hefty amounts if you are in the right position.

btloptingout

With any new build the sales department has approximately 5-10% to play with for incentivisation in order to clinch the deal, this could take any of the following forms:

- deposit paid
- fees/stamp paid
- guaranteed rental return.
- carpets/white goods
- 6/12 mths mortgage paid
- part-exchange with a good offer.

they've quite clearly offered you the last as part of your incentivisation....This offer is most probably more than you could hope to achieve on the open market .

If agents are telling you to market the property at £120K-£130K then quite possibly that's the best price to market it at.