no offers yet :(

Crashy_Time

Looks like social housing from the outside, and I have heard tales of councils moving very problematic individuals and families into blocks much more up-market looking than this (with a price tag to match for the debt laden "professionals" who first moved in) and making the lives of the mortgage holders a misery as the tax payer picks up the tab. 200k for this looks very pricey in this market IMO.

caronoel

Crashy_Time wrote: »

... 200k for this looks very pricey in this market IMO.

The property market in 1997 looked very pricey in your learned opinion, which is why you sold up to rent.

How has it done since then?

Crashy_Time

caronoel wrote: »

The property market in 1997 looked very pricey in your learned opinion, which is why you sold up to rent.

How has it done since then?

No, I had no interest in the property market in 1997. I don`t think it matters how many posts you make now, the cat is out of the bag, people know it is/was a bubble, the biggest property bubble in history.

00ec25

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, notwithstanding its pink bath suite, their flat is always going to get looked at before yours. Neither has sold and they are now chasing you down and still failing to sell - yes I'd agree your flat is "nicer", but only cosmetically and certainly not 10k+ nicer. Its an identical 2 bed flat, not a Mayfair penthouse.

and at the end of the day Rightmove shows:
- within a 5 mile radius in the price bracket 180k - 220k there are only 10 flats for sale at all. Excluding the ones restricted to over 60 year olds only, yours is the second most expensive.
- there are 2 houses at or below your 200k price point which you are also competing against.

your £15k increase and offers over price tag is unrealistic after less than a year, even allowing for the fact it is Bath and thus expensive and desirable.

spending money on a boiler will not bring buyers to your door and your decor is not so bad it needs money spent on "neutering" it.

Crashy_Time

00ec25 wrote: »

so, notwithstanding its pink bath suite, their flat is always going to get looked at before yours. Neither has sold and they are now chasing the market down and still failing to sell - yes I'd agree your flat is "nicer", but not 10k+ nicer. Its a 2 bed flat, not a Mayfair penthouse.

and at the end of the day Rightmove shows:
- within a 5 mile radius in the price bracket 180k - 220k there are only 10 flats for sale at all. Excluding the ones restricted to over 60 year olds only, yours is the second most expensive.
- there are 2 houses at or below your 200k price point which you are also competing against.

your £15k increase and offers over price tag is unrealistic after less than a year, even allowing for the fact it is Bath and thus expensive and desirable.

spending money on a boiler will not bring buyers to your door and your decor is not so bad it needs money spent on "neutering" it.

Good advice.

Candyapple

Morata_ wrote: »

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.

Wouldn't make a difference because when you search on RM, if your max budget was £200k, you can set it to only go up to £200k. OP's listing still showed up when I did a quick search.

OP - what is the lowest price you would sell for?

Would you be willing to accept less than you paid to buy your new house, or is that not an option?

Could you stick it out a few more years at your flat until the market picks up?

How much did you overpay by originally?

Crashy_Time

Candyapple wrote: »

Wouldn't make a difference because when you search on RM, if your max budget was £200k, you can set it to only go up to £200k. OP's listing still showed up when I did a quick search.

OP - what is the lowest price you would sell for?

Would you be willing to accept less than you paid to buy your new house, or is that not an option?

Could you stick it out a few more years at your flat until the market picks up?

How much did you overpay by originally?

People are realising that there are big issues in the economy, and that taking on large debt is something they now need to think through more carefully, using click-bait tricks will still not make this flat look like value IMO.

chappers

caronoel wrote: »

2) After the second viewing tell your current EA to:
- Remove the reference to the open day in August - it is working against you.

Also a good indication that your agent isn't working very hard for you if they can't even keep the advert current. A decent agent will keep tweeking and updating their adverts to keep them to the top of the portals etc
As others have said, you are in competition with other similar property and if you are desperate to sell then you need something to attract a sale. It looks like that thing is price, stop being blinkered by what you paid last year.

PThome

Thank you so much for all our suggestions!

I've called my agent no to discuss the sell of my flat. Apparently the second view is not going to put an offer in, because she was undecided between my flat and an house (a bit further away) and she decided to go for the house.

I got really surprised when the estate agents evaluated my flat at £200! I discussed this with him, but he kept saying that there are not many flats ready to move in, in Bath at £200 so it was the right price and it would sell fast. Apparently he was completely wrong... Is definitely not selling fast...
I've now decided to reduce the price and asked him to take out the OIEO and the open house date from the advert. I'll see how it goes with the new price, however I cannot afford to reduce the price below what I payed for it So, if it doesn't sell with the new price, then we don't sell for now. I actually quite like the flat (especially the size of the room, all houses that I can afford are smaller than this flat) and I love the location (very convenient to the bus stop and train station, all houses that I can afford ready to move into I'll have to move out of Bath...). We would love to have a little garden, but we can hold some more months/few years and see how the market reacts to Brexit and then decide what to do next

I found this forum really helpful and reality check So, thank you all for taking some time to reply.