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Can't sell flat!

SnazzyS
SnazzyS Posts: 22 Forumite
in House buying, renting & selling
Hi there

Help!
My 1 bedroom flat in Central London (2min walk from tube) is struggling to sell. Have already dropped price once and agent is just saying to drop it again.
The same agent is selling the property I want to purchase but obvs need to sell my place first.
I feel the agent isnt doing much to help other than saying to drop the price!
Property been on the market since Feb 14th.

Should the agent be doing more to manage the chain? I'm actually OK with dropping the price as long as that is reflected in the sale price of the other property and I can borrow the difference.

Any advice would be appreciated!
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Comments

  • kerri_gt
    kerri_gt Posts: 11,202 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    How does the price of your flat compare to others that have sold in your area? Have you had any viewings and what was the feedback?
    Feb 2015 NSD Challenge 8/12
    JAN NSD 11/16


  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    "can't sell flat" nearly always = "price too high"


    There can be other reasons, but generally thats it. Are you getting viewings? Is it a tip thats puts viewers off? Do the pictures make it appear hard work? How does it compare with similar?
  • SnazzyS
    SnazzyS Posts: 22 Forumite
    Price seems to be similar to those sold.
    Have only had 3 viewings which doesn't seem a lot and the feedback from the agent was minimal and vague so I'm not actually sure what else I can do except drop the price again!
  • KatieDee
    KatieDee Posts: 709 Forumite
    Eighth Anniversary 500 Posts Combo Breaker
    Can you share a link? The guys here are amazing at spotting potentially issues and making suggestions of how to improve your listings :D
  • SnazzyS
    SnazzyS Posts: 22 Forumite
    Had 3 viewings so far- with not much feedback.
    Not sure if it's worth changing agents or waiting out Brexit.

    Just not sure what the balance is between dropping my pants (and the price!) and waiting for the right time /agent.
  • jonnygee2
    jonnygee2 Posts: 2,086 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    My 1 bedroom flat in Central London

    Small flats in central London are extremely difficult to sell at the moment. Many around me have gone 6 months without selling.
  • SnazzyS
    SnazzyS Posts: 22 Forumite
    Sure!
    Although as a new user the site doesn't enable me to share links
    Not sure if there is a another way to share with you?!

    Let me know what you think
  • GDB2222
    GDB2222 Posts: 25,964 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    SnazzyS wrote: »
    Had 3 viewings so far- with not much feedback.
    Not sure if it's worth changing agents or waiting out Brexit.

    Just not sure what the balance is between dropping my pants (and the price!) and waiting for the right time /agent.

    I think I'd be changing agent. Or at least making moves in that direction, to see whether that gees the agent up. It would leave him potentially losing two lots of commission.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • SnazzyS
    SnazzyS Posts: 22 Forumite
    Thanks for the advice.. I'm certainly heading that way!
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    "waiting out Brexit" LOL. How long do you think that will be?
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