Reducing house asking price : best strategy

Doozergirl

'Small rooms'' is generally a way of people saying that they don't feel they are getting enough for their money; they're indicating it is overpriced.

teabelly

I'd probably try it at offers over £425k. If you get people fighting over it then it pushes the price up more.

I'd also do some research into the area and find out what similar properties sold for and current asking prices are for. Go view a couple and see how they compare. You'll then get a better idea of what is a reasonable price.

Small rooms can also be a euphemism for too much stuff in them! Think about re-arranging furniture to maximise space and choose pale colours rather than dark ones if you redecorate. Probably all obvious stuff you have thought of already but it might bear repetition. Watching old episodes of the House Doctor are also a good way of finding out common mistakes and areas in which you can improve your house. Cluttered hallways are also a good way of turning off potential buyers.

Walk down the road and walk back into your house with a potential buyer's head on. Imagine what you'd think if it were someone else's house you were walking in to view.

Burtonwood

We had four estate agencies in 11 months back, and had opinions ranging from two of £450k (but one EA admitted we would probably get £425k) at the bottom end to £485k and £495k (but top end EA said we might accept offer at £485k) at the top. It's located in the SE. It looks as if the EA at the bottom end was probably right! No comparable houses in the area have been sold since the sale prices started going on the Net around 2000.

Gorgeous_George

Hire a self-storage unit and store anything that your house has that you would not find in a hotel room i.e., de-clutter.

It'll be money well spent.



GG