Cant sell our house!

villa2010

lessonlearned wrote: »

Is the development complete or are they still building nearby. This could have a big impact on both price and saleability.

Unfortunately, from what I can surmise, the north east has not yet seen the ripple effect from price rises further south. I understand the market is still quite stagnant in certain areas of the country.

I'm in Derbyshire and prices are stable. Exceptional houses do get snapped up if they are priced correctly but in general the market is still fairly slow. Perfectly nice houses are remaining unsold for months. It usually takes some pretty hefty discounting to shift them in the end.

Great points

There are no new housing developments near by the closest one is 10 miles away that might be built in 10 years

villa2010

I hear september can be a busy month isthis accurate? !

What questions appart from the obvious ones should I be askng the new estate agents

justjohn

If its advertised online and its not overpriced then the only other possibility is it is not a sought after property.


If its the later it still will boil down to price.


its not necessarily what the going rate is for your road. its also what you can get for the same money in another street.


(flats are a good example, why buy a flat when you can get a house for 2-5k extra)

p00hsticks

villa2010 wrote: »

What makes you think they are desperate? ! There are over 50 houses on our street there have been roughly speaking 10 to 15 moves in 4 years thats an average of 4 moves per year ?!

Is that a lot....I certainly would not describe that as desperate more so average !

I don't have any figures, but given the cost and stress of buying and selling a house, I'd expect most people to stay in a property longer than 3-4 years unless either there is an unexpected change of plans (e.g. redundancy or job relocation) or there is something revealed to be wrong with the location. 10-15 moves out of 50 within four years of purchase seems very high to me

on the other hand, those 10-15 sales must have all found purchasers to sell to....

villa2010

p00hsticks wrote: »

I don't have any figures, but given the cost and stress of buying and selling a house, I'd expect most people to stay in a property longer than 3-4 years unless either there is an unexpected change of plans (e.g. redundancy or job relocation) or there is something revealed to be wrong with the location. 10-15 moves out of 50 within four years of purchase seems very high to me

on the other hand, those 10-15 sales must have all found purchasers to sell to....

Divorces, up sizing job relocation from speaking to neighbours has been the common denomination

I know that 2 houses sold for 39 thousand more than they payed for them 4 years ago

5 houses sold at over 5 thousand more than they payed for them

lessonlearned

I notice your property has been on the market for 5 months. June, July and August do tend to be the quieter months.

The main selling activity generally occurs in March, April, May and then again with another little flurry in September and October.

Give it a bit longer. Keep your garden nice for that all important kerb appeal for the "drive-bys". Before your new EA takes pictures add some autumn colour to the garden if necessary. Chrystanths in pots are cheap and will last through till Christmas.

As for what questions to ask your EA, well anything your like:rotfl:
Bascially you want to know whether or not they can do a better job than the last lot so just ask about their service, their marketing etc.

A good idea is to "try before you buy". Either approach them as a a prospective purchaser or get a friend to do this. See how you are treated, how proactive they are. Are they knowledgeable or do they try to evade questions and fob you off. Do they ring purchasers up for feedback after a viewing - that kind of thing.

clayton16749

p00hsticks wrote: »

I don't have any figures, but given the cost and stress of buying and selling a house, I'd expect most people to stay in a property longer than 3-4 years unless either there is an unexpected change of plans (e.g. redundancy or job relocation) or there is something revealed to be wrong with the location. 10-15 moves out of 50 within four years of purchase seems very high to me

on the other hand, those 10-15 sales must have all found purchasers to sell to....

It does seem like a lot of house sales to me - and not a very long period of time to stay in one house.


OP, are you able to post a link to your property please? You may get some helpful and constructive comments.


Thanks

AnnaLMLH

we are in the same boat as you we have an empty house for sale (we are renting bigger for the time being) put on in mid july so six weeks in nearly, we had one viewer last week, then they went on holiday so no feedback. and we have another tomorrow
theres four houses of differing sizes for sale on our estate and theyre all experiancing low viewings, apparently its the worst time of year to advertise
hope yours (and ours) sells soon

Thrugelmir

villa2010 wrote: »

Its was valued by three different estate agents at 190 to sell for 185, its on now on for 176 so we have reduced the price.

Allow some time for the price reduction to be picked up on. Late August must be one of the quietest times of the year. If viewings don't pick up over the next month then revise the price again.