Stuck between rock and hard place - what to do?

Crashy_Time

TheMole2020 said:

We have already compared prices with other properties around us and it seems we are already fairly priced, given that right now, there are very few properties of our size on the market around here to compare with.  We have dropped price, too, but to say the local situation remains sluggish would be something of an understatement. 

The auction route sounds a bit scary and not one I’d even thought of. Will mull it over.

Not sure what the post about renting was all about , this isn’t  an option.

Is that sold prices?

Davesnave

TheMole2020 said:

Vestraun said:

Clearly a troll, all the estate agents have told us there’s ‘pent up demand’ and everything is flying off the shelf. 

Well, thanks for that, never been called a troll before.

I think it was irony, or what the poster believed was irony.

You have to remember they let anyone in here. I've been here since 2006 and no one's asked me to leave.

Crashy_Time

TheMole2020 said:

Vestraun said:

Clearly a troll, all the estate agents have told us there’s ‘pent up demand’ and everything is flying off the shelf. 

Well, thanks for that, never been called a troll before. Many things but not that.
You are lucky that ‘all’ the estate agents have told you there’s pent up demand. Not the case where I live. And I am watching what is happening around here very closely, believe me.
We will drop the price again in a matter of weeks if nothing changes.
We don’t believe it is to do with poor pix or presentation, we have sought views from a number of uninvolved people to see what the comments are. All say lovely house, nicely presented, looks attractive, lovely area etc etc.
Thank you to everyone who has offered positive (non troll) comments / advice. Appreciated.

According to some posters there is always "pent up demand" and houses are always "flying off the shelves"...........usually where they happen to live, after a while you learn to take it all with a very large grain of salt.

Davesnave

Crashy_Time said:

TheMole2020 said:

Vestraun said:

Clearly a troll, all the estate agents have told us there’s ‘pent up demand’ and everything is flying off the shelf. 

Well, thanks for that, never been called a troll before. Many things but not that.
You are lucky that ‘all’ the estate agents have told you there’s pent up demand. Not the case where I live. And I am watching what is happening around here very closely, believe me.
We will drop the price again in a matter of weeks if nothing changes.
We don’t believe it is to do with poor pix or presentation, we have sought views from a number of uninvolved people to see what the comments are. All say lovely house, nicely presented, looks attractive, lovely area etc etc.
Thank you to everyone who has offered positive (non troll) comments / advice. Appreciated.

According to some posters there is always "pent up demand" and houses are always "flying off the shelves"...........

.......Which is why I said it was meant as irony.

Comms69

Davesnave said:

TheMole2020 said:

Vestraun said:

Clearly a troll, all the estate agents have told us there’s ‘pent up demand’ and everything is flying off the shelf. 

Well, thanks for that, never been called a troll before.

I think it was irony, or what the poster believed was irony.

You have to remember they let anyone in here. I've been here since 2006 and no one's asked me to leave.

Not to your face anyway

[Deleted User]

OP - I think you need to offer it at a very attractive price rather than a “fair” price if you want to sell now. If it hasnt sold by now its overpriced. 

My mate is selling a house ( similar circumstances but mortgage paid by ex) Its been on the market almost 2 years now ! On and off with different agents. She will not take advice to drop the price !! She says she needs a certain amount to be able to buy again - but if a place is not selling, no move takes place ! 

Davesnave

Densol said:

OP - I think you need to offer it at a very attractive price rather than a “fair” price if you want to sell now. If it hasnt sold by now its overpriced. 

My mate is selling a house ( similar circumstances but mortgage paid by ex) Its been on the market almost 2 years now....

Same here, except our mate has 'only' been on the market for 18months.

It's become  a very touchy subject.  Never mind "Don't mention the War;" it's now "Don't mention the house!"

TheMole2020

Yes, I’ve compared with sold prices. And if we are overpriced, so is just about every other property on the market around here.  Ah well.
My Irony Meter was switched off, had rather hoped I wouldn’t need it on such a ‘sensible’ site. You’ll be telling me it’s as bad as mumsnet next!

Scotbot

TheMole2020 said:

We have already compared prices with other properties around us and it seems we are already fairly priced, given that right now, there are very few properties of our size on the market around here to compare with.  We have dropped price, too, but to say the local situation remains sluggish would be something of an understatement. 

The auction route sounds a bit scary and not one I’d even thought of. Will mull it over.

Auctions are scary, I  have been to many when I lived overseas snd selling that way was the norm. The fear is that you don't  get a buyer and knowing what reserve price to set. The advantage is that they are quick and with a traditional auction once the hammer falls that is it.

In the  UK it's  cash buyers and most are looking for a deal so I would use that route as a last resort. I was a cash buyer for my last house and looked at a property up via modern method of Auction. Took one look at the fees I had to pay and immediately discounted the  price I was willing to pay by that amount. Basically it is a way to shift the very high agents fees to the buyer and I  thought  no way.

 I  suggest you do your research on auction houses,  check fees very carefully, then if you need to you are ready to go. 

rik111

TheMole2020 said:

Yes, I’ve compared with sold prices. And if we are overpriced, so is just about every other property on the market around here.  Ah well.
My Irony Meter was switched off, had rather hoped I wouldn’t need it on such a ‘sensible’ site. You’ll be telling me it’s as bad as mumsnet next!

Which is why you see the same old houses stuck on the market, whereas the new correctly priced houses actually sell. If prices do start to fall you sound like the classic chase the market down sort of person, always a step behind the correct price.....