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Selling during COVID-19 - Impossible or not?

3dogsandacrazyhouse
3dogsandacrazyhouse Posts: 13 Forumite
Sixth Anniversary First Post
in House buying, renting & selling
Hi, 
I put a house on the market a day or two before Lockdown went into play. With no viewings being able to take place, i can't see how people are still buying but my estate agent keeps telling me it's not selling due to the price not because of the lockdown. No one has been able to view it yet though. 
Anyone in the selling game, can you tell me if things are still moving? 
Thanks!
«1

Comments

  • Carl2510
    Carl2510 Posts: 548 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    I put mine up around middle of Feb, and I was having viewings daily, until they announced the measures and it went dead quiet! Zilch! They rang me saying they are doing virtual tours but I’ve not had any yet. So it’s just a waiting game until people are allowed back out.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    3dogsandacrazyhouse said:
    Hi, 
    I put a house on the market a day or two before Lockdown went into play. With no viewings being able to take place, i can't see how people are still buying but my estate agent keeps telling me it's not selling due to the price not because of the lockdown. No one has been able to view it yet though. 
    Anyone in the selling game, can you tell me if things are still moving? 
    Thanks!
    It depends on how badly you want to sell. 

    If you're not desperate than it's obviously lockdown, but if you are, then lower the price and someone (an investor most likely) might snap it up
  • Bossypants
    Bossypants Posts: 1,286 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    I think you'd be able to sell if you priced it so low that someone (probably an investor) would consider that it a bargain even sight unseen. That's the feedback I got from the EA when I asked, as I had been hoping to sell a rental flat. In my case I've decided to hold off for now.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 27 April 2020 at 9:24AM
    Who priced it: you, or the agent, who now says the price is too high?
  • wjr4
    wjr4 Posts: 1,341 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I sold mine but we had a buyer before lockdown. 
    I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.
  • 3dogsandacrazyhouse
    3dogsandacrazyhouse Posts: 13 Forumite
    Sixth Anniversary First Post
    Davesnave said:
    Who priced it: you, or the agent, who now says the price is too high?
    The agent priced it and now the agent says it's too high. Yes they said they can sell it asap even in lockdown to an investor if i drop the price. 
    Not sure if i should remove it from sale now and relist when at least people can do viewings? 
  • 3dogsandacrazyhouse
    3dogsandacrazyhouse Posts: 13 Forumite
    Sixth Anniversary First Post
    Bossypants said:
    I think you'd be able to sell if you priced it so low that someone (probably an investor) would consider that it a bargain even sight unseen. That's the feedback I got from the EA when I asked, as I had been hoping to sell a rental flat. In my case I've decided to hold off for now.
    Have you taken it off the market for now then? 
  • 3dogsandacrazyhouse
    3dogsandacrazyhouse Posts: 13 Forumite
    Sixth Anniversary First Post
    3dogsandacrazyhouse said:
    Hi, 
    I put a house on the market a day or two before Lockdown went into play. With no viewings being able to take place, i can't see how people are still buying but my estate agent keeps telling me it's not selling due to the price not because of the lockdown. No one has been able to view it yet though. 
    Anyone in the selling game, can you tell me if things are still moving? 
    Thanks!
    We didn't get any video footage to do a virtual tour, so that's out the window as well. I am thinking about taking it off the market until at least lockdown is over and people can view again. 
  • Bossypants
    Bossypants Posts: 1,286 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    3dogsandacrazyhouse said:
    Bossypants said:
    I think you'd be able to sell if you priced it so low that someone (probably an investor) would consider that it a bargain even sight unseen. That's the feedback I got from the EA when I asked, as I had been hoping to sell a rental flat. In my case I've decided to hold off for now.
    Have you taken it off the market for now then? 
    It never went on the market. It was due to be listed next week as the tenants have informed me they'll be leaving at the end of their AST in July due to having bought a house, but due to the present circumstances I will try to relet instead. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    3dogsandacrazyhouse said:
    3dogsandacrazyhouse said:
    Hi, 
    I put a house on the market a day or two before Lockdown went into play. With no viewings being able to take place, i can't see how people are still buying but my estate agent keeps telling me it's not selling due to the price not because of the lockdown. No one has been able to view it yet though. 
    Anyone in the selling game, can you tell me if things are still moving? 
    Thanks!
    We didn't get any video footage to do a virtual tour, so that's out the window as well. I am thinking about taking it off the market until at least lockdown is over and people can view again. 
    Take your own footage for the EA to use. 
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