We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Flat not selling and having been reduced in price - right to be suspicious?
turtle99
Posts: 19 Forumite
I'm looking at a flat for sale at £115,000 - I haven't yet visited the place, just seen it online (it's not in London, where I live at the moment, so will require a trip to see it).
The asking price has been reduced steadily from £130,000 since it was first listed, in mid-2014. Should alarm bells be ringing for me that it hasn't been sold in 9/10 months of being listed? Is there likely to be something very wrong with it, or is this situation relatively common?
The asking price has been reduced steadily from £130,000 since it was first listed, in mid-2014. Should alarm bells be ringing for me that it hasn't been sold in 9/10 months of being listed? Is there likely to be something very wrong with it, or is this situation relatively common?
0
Comments
-
I'm looking at a flat for sale at £115,000 - I haven't yet visited the place, just seen it online (it's not in London, where I live at the moment, so will require a trip to see it).
The asking price has been reduced steadily from £130,000 since it was first listed, in mid-2014. Should alarm bells be ringing for me that it hasn't been sold in 9/10 months of being listed? Is there likely to be something very wrong with it, or is this situation relatively common?
many reasons why
Location
Original price
length of lease
Reputation of building
Remedial work needed to block
Poor presentation
Post a link, without seeing the details no one can tell you!0 -
A property being 9-10 months on the market is pretty normal for many parts of the UK outside of London and certainly doesn't automatically mean it's got major problems or is outrageously overpriced.0
-
Just realised you can't post a link as a new poster so post the postcode and price and someone else will post the link for you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards