no offers yet :(

Lucky_Duck_2

I was just wondering where that forum member had got to as this thread was his/her 'bread and butter'

wymondham

Kick your agent, as the details mention an open house in August.... this isn't going to help, how about one people can attend?

Cakeguts

http://www.rightmove.co.uk/property-for-sale/property-48393648.html What is the difference between your flat and this one which has been on the market since May at £10k less than yours? If they can't sell this one for £190k you aren't going to get over £200k for yours. The reason why property doesn't sell is usually down to price.

PThome

Thank you all for your replies. Unfortunately I cannot change the building and cannot change the fact that I've only bought 1 year ago... But I'll thing better if I should take it out of the market, do some improvements to the kitchen and maybe paint some walls and then put it back in the market. We don't have a bath, as the last owners have done the bathroom 2 years ago and swap it to a shower... For me is great, has I never use the bath anyway, but I understand that for many people that is maybe something they would like to have...

Well, hopefully this second view will decide to make an offer (we always said would be very happy if we get slightly above what we paid, just to kind of cover the selling costs) . if not, we just have to continue to go out more to entertain our 7 years old, so not a big issue

Good luck for you all that are also selling/buying

PThome

My flat and the one that is mentioned are exactly "the same", but in an adjacent building. That flat came o the market in May at 220K, then they reduced it to 205K, then when we put ours at OIEO £200K, in the same day they reduced it to £200k and now, few weeks ago, they reduced it gain to £190k. I know my opinion is bias, my I would say my flat is in significant better condition that the other one... But I understand if you say is only my eyes, as we always think ours is better that the others

Crashy_Time

PThome wrote: »

My flat and the one that is mentioned are exactly "the same", but in an adjacent building. That flat came o the market in May at 220K, then they reduced it to 205K, then when we put ours at OIEO £200K, in the same day they reduced it to £200k and now, few weeks ago, they reduced it gain to £190k. I know my opinion is bias, my I would say my flat is in significant better condition that the other one... But I understand if you say is only my eyes, as we always think ours is better that the others

So what do you plan to do?

Morata_

I would suggest maybe £199,950, get it under the £200k bracket that some might have the budget up to.

As others have said, EA are poor, I'd get a online agent, cheap(er) fees, take less?

Good luck.

3mph

I suspect most people will look at Rightmove and the 27% "profit" you are expecting to make in the last 11 months and feel the price unrealistic. Particularly if it says offers over.

What justifies such an increase?

My maths is !!!! ignore above.

devildolly5

Firth thing I look for in a flat is the length of the lease. This would be useful to have on the rightmove page.

caronoel

First off - best of luck with the second viewing this week. Stay out of the flat while they are there, to let the potential purchaser view the flat in their own time.

At this point in negotiations, I would offer (but not push) the early closing date. Some purchasers may like to be in by Christmas, others not. Once you have an offer on the table, and you are closer to exchange you can have your solicitor push for an early completion date.

If that doesn't result in an offer, you realistically have only a few weeks to go "sale agreed" on this to have any chance of getting out by Christmas.

If it doesn't sell by Nov 1st, I'd remove it from the market and relist with a new local (not online only) agent at £199,950 in late Jan to get the Spring bounce.

Your immediate next steps:

1) Get on the phone this morning (before the second viewing) to your existing EA to tell them that if it doesn't go sale agreed by Nov 1st, you will take it off them. Many contracts have a 8 or 12 week notice period, so you may just want to issue them notice now if you want to remarket in late Jan. Giving notice before the second viewing may concentrate their efforts

2) After the second viewing tell your current EA to:
- Remove the reference to the open day in August - it is working against you.
- Move the price to £199,950 - this way it gets into the search criteria of those looking under £200k.
- Remove reference to "Offers over" - that will really put a lot of buyers (myself included) right off. Sounds like you are being greedy

3) Get the paint brush out and repaint as you need. It looks like a lovely tidy flat - no need for a bath in there. Its not really expected in very many flats at this end of the market.

With a bit of luck, the other vendor selling at £190k will sell soon, so you would have a clear run in the new year at £199,950