Price or patience

TBagpuss

How may agents did you get to look at the flat and give marketing advice before you put it on the market?

If there are others in block being marketed for less then the obvious answer is that yours is overpriced, and waiting won't change that (unless you wait so long that prices rise generally)

AdrianC

Ground floor flats are generally cheaper and less desirable.
Yours is GF, but is more expensive (what sort of proportion is this £10k?) than non-GF ones.

It's entirely possible that it's not the price, but the details which are putting people off. Remember - all they know is what they're seeing on RM and the price. If they think it's overpriced, and there's no obvious reason why, then they just aren't going to bother. Maybe yours is worth the price - but it's just not being sold by the details?

Derboy

Does your ad have a floor plan? Are your photos any good???

alchemist.1

People can be very blunt about your home. Be prepared for criticism if you post the link.

Davesnave

Price or Patience?

Hmmm...I know some people who've been very patient, for years. Over that time, the price has slowly crept down and their mental health has deteriorated.

I'd not put my life on hold for as long as they have.

Davesnave

alchemist.1 wrote: »

People can be very blunt about your home. Be prepared for criticism if you post the link.

Create a new account for the purpose. That way, if you want to use your current username and not be linked forever to the property here....;)

As someone once famously said, we're all just pixels here, and some of them are rather dim ones, so what you read if you post it will still need careful thought.

bmthmark

Post the link. You will get good advice from this forum (good & bad)

wantonnoodle

To be honest, from my experience with PurpleBricks as a buyer, you'd be better off using a traditional estate agents. We're actively trying to get to view a house near us that is on with them. We couldn't make the open house on Sunday, so sent the property expert a message explaining and asking if we could view tomorrow evening (this was last week). He said he would contact the vendor to check if this was possible. The next day, Friday, the call centre contacted us (trying to foist their mortgage and conveyancing services on us) and confirmed on the call that the appointment for tomorrow evening was going to go ahead as planned, despite it showing as awaiting confirmation.

Yesterday lunchtime, the property expert messaged us and said he wouldn't be able to make tomorrow evening, and could we do a morning viewing. We responded straightaway that this was not possible due to work and that we were open to viewing any evening. We followed this up at 7pm yesterday evening with a message saying that if that was not possible, then we are available this Sunday afternoon.

As of now (11 am) we still have not had a response, and he in fact hasn't even read the message that we sent yesterday evening. This is in total contrast to every single traditional estate agent we have dealt with, who have responded to queries about viewings within hours and we've had an appointment set up same day.

In my view, Purplebricks seem geared up to support the seller, but do nothing for the buyer, including, it would appear, enable viewings to take place. Since their expert surely gets commission from a sale, this does not make sense to me, as I would have thought the best practice would be to get maximum number of views to increase chance of sale.

[Deleted User]

Maybe the age of your listing means it isn't showing up on people's online searches? You need to get it bumped/relisted by purple-bricks/other EA, even if you decide to only knock £500 off it, because you can afford to wait.

When I started looking for somewhere to buy, it seemed that the older listings had mostly gone under offer already even if not marked as such. So I restricted my searches to listings less than a couple of weeks old. We are talking London, less expensive flats in zone 3 so the places I was looking for weren't hanging about. This may be different in your area of course.

student100

Based on speaking to our neighbours about their experience buying a house that was marketed with an online agent, I'd be put off. And given two identical flats that were priced the same but one was through a traditional agent and one an online one, may well choose the traditional agent.

The online agents don't do much to push the sale through to completion, whereas a traditional agent won't earn a penny until the contracts are exchanged so they will always do this.

Also, using an online agent makes the seller look cheap - I'd wonder what else they were trying to penny-pinch on.

And of course from your point of view as a seller, a traditional agent should put a lot more effort into actually marketing the property.