We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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!
when to reduce the house price
Comments
-
The market certainly has been slow the last 3-4 months so there should be a backlog of potential buyers who have been waiting for more stock to come into the market.
Those who would be interested in your property within that backlog have likely now seen your property, and so you can expect the number of viewings to start to drop off, although the spring market is starting to pick up.
There are definitely risks for buyers offering so close to brexit triggering in March so maybe it's not the best time.
I'd say you have a couple of weeks yet before you need to think of dropping the price, so it's a good time to start talking to your partner about it.0 -
I just want to add that virtually nothing has sold around here for months.No reliance should be placed on the above! Absolutely none, do you hear?0
-
-
We have had the house on the market now for 4 weeks and about 6 viewings and 3 second viewings, but no offer. I am very keen to sell and move on with my life. My partner takes a more pragmatic view. When would we have to consider reducing the price ? How would that affect viewings ? Is this a slow time to be selling anyway ?
Is your property ideal for first time purchasers or better suited to those looking to move up the ladder?0 -
The market certainly has been slow the last 3-4 months so there should be a backlog of potential buyers who have been waiting for more stock to come into the market.
Those who would be interested in your property within that backlog have likely now seen your property, and so you can expect the number of viewings to start to drop off, although the spring market is starting to pick up.
There are definitely risks for buyers offering so close to brexit triggering in March so maybe it's not the best time.
I'd say you have a couple of weeks yet before you need to think of dropping the price, so it's a good time to start talking to your partner about it.
If people start leaving due to Brexit there might not be much of a "backlog" though?0 -
Crashy_Time wrote: »Which part of the country is that?
North London. Flats are still selling, but 3/4 bed houses are now over £1m and the SDLT on those is over 5%. That's a big chunk of cash to find.No reliance should be placed on the above! Absolutely none, do you hear?0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.5K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.2K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards