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When to drop price

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Comments

  • We just went with the price the EA said. We thought it was too high at the time, which is why we have reduced it.

    Our street is right on the border between a really popular and expensive leafy suburb and a not-so-nice inner-city area, so pricing can be difficult, although in 'feel' our street is much more like the nice one than the nasty one. The EA is located in the nice one :)
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    We just went with the price the EA said. We thought it was too high at the time, which is why we have reduced it.

    Our street is right on the border between a really popular and expensive leafy suburb and a not-so-nice inner-city area, so pricing can be difficult, although in 'feel' our street is much more like the nice one than the nasty one. The EA is located in the nice one :)

    Gut feeling is the EA that markets in the "nice" area will have a harder sell to people looking in the "nice" area of a house on the border.

    Up selling to people looking in the other areas is probably a lot easier.
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The viewing has happened and seemed quite positive and we have another on Sunday :)

    It was right to drop the price.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    We had a viewing this morning and the people seemed keen. They were used to these sort of houses, so were not put off by the downstairs shower room


    They have finance in place and no chain. They discussed whether we would accept an offer. Hope they decide to have it!
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • Good Luck!
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 9 August 2016 at 10:26PM
    Revisited this discussion just to update to say we sold the house to a young family (first time buyers) who loved the fact that it had three double bedrooms and two receptions and were not put off by the downstairs bathroom, for just under the asking price.

    Thre sale completed 10th December 2015.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Good luck, and I hope the sale all goes through painlessly.
  • ellie27
    ellie27 Posts: 1,097 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    AdrianC wrote: »
    Good luck, and I hope the sale all goes through painlessly.

    The house went on sale over a year ago so I would think it was all done and dusted by now!
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    ellie27 wrote: »
    The house went on sale over a year ago so I would think it was all done and dusted by now!
    Blimey! I looked at the last post date - 26th July - and never noticed the year...
  • Yes it completed 10th December but have only just updated the thread :)
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
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