Average time to sell a property?

MNM2903

babyblade41 wrote: »

From the photos and not having the benefit of others sold on the road then it will always be the most enticing offer which swings it.

If EA said between 120-130 I would have gone for maybe 115 because when you get a lot of interest someone will offer with emotion and they will want it and then you might get over that 115 figure (Might)

It depends how quickly you want to sell but if there are a lot of identical properties in the vicinity and no offers after about a month then sadly the price will be the biggest factor

Yeah we did get told of a few it might be worth going with the lower end of 120 OIEO then others said go with a guide in the middle of 125 and other said go top end at 130k it's difficult to know lol we cant do anything but wait and see what sort of interest we get, it's only been a week and in being very impatient ha

Cakeguts

https://www.rightmove.co.uk/property-for-sale/property-70408759.html Is this the other house that hasn't sold at £120k? The listings have your house at £125k directly above the cheaper one. Neither of them have sold an neither has the one at around £130k

-taff

Prsonally, I wouldn't buy your house at the price you are marketing it at because it's more expensive than a new build.
New builds, in my opinion, are like new cars. They depreciate in the first few years.

Just my opinion though.

babyblade41

In my experience if the house price is pitched about right then there should be a flurry of viewings in the first month with hopefully an offer or 2 .
If that hasn't happened then I think it is clear that the pricing is pitched too high.

If that happens I'd prefer to not have it on RM for a couple of weeks, re jig photos around a bit with the revised price rather than straight away a price reduction.

If you do that it can look as though you are desperate and get silly offers ..some of the people who saw it before may have put in an offer elsewhere and a whole batch of newbies on the hunt will find yours and see an affordable property that is nicely presented

When there are so many new builds to choose from expect to take a bit of a price hit, it's what happens with new builds.... a bit like a new born baby, they lose their birth weight soon after as they are now pooping everywhere and making creaky noises and not the nice shiny , sleepy baby when new silly analogy but it has to go down before it slowly creeps up and sometimes through illness or financial crisis it goes down again

It's one thing you have to learn buying brand new it invariably loses some of its value and when you bought it the developer can offer incentives to buy and in some cases personal input.

Unfortunately for you that isn't an option, all you have control over is the price incentive. So to sell quicker you need to offer the price incentive.

However you may also get lucky and someone specifically wants yours for personal reasons but that is quite a rarity

Crashy_Time

Worth under 100k now IMO, three years ago was a totally different market.

MNM2903

Cakeguts wrote: »

https://www.rightmove.co.uk/property-for-sale/property-70408759.html Is this the other house that hasn't sold at £120k? The listings have your house at £125k directly above the cheaper one. Neither of them have sold an neither has the one at around £130k

Yes the 130k is to high. The other that's 120k also states in the advert a guide price of 120-125k. Their house also went up 1 week ago and since I know them and they love 2 doors down, I also know they are looking to achieve around 122-125k and they also had similar valuations to what we did.