Why is my house not selling?

pembr0ke

Kinger101 appreciate your comments. We certainly didn’t get much help from Purplebricks when we first listed and my lack of experience selling (been in the same house for 17 years) didn’t help either. We are now listed with a local EA who are working hard, and the viewings have picked up to round 6 a week. 

pembr0ke

holyrottweiler said:

It looks like a beautiful house and well decorated, so wouldn't worry about it not selling. Agreed with above comment though - I'd change Purplebrick to elsewhere and probably sell in a year or two down the line. Do you have to sell now or can you wait?

I don’t need to sell for economical reasons, but I’m 54 now and we only want to mortgage for 15 years. If we wait much longer the affordability monthly may become an issue. We also set our mind on selling after Christmas as the kids are in Uni now and we want a bigger house for when the grandchildren and spouses appear🙂

Crashy_Time

pembr0ke said:

we put the house on the market right before the lockdown. We have found a lovely house that we have had an offer accepted on, so I guess we are desperate to sell in order not to lose the other house! We had quite a few viewings and 2 offers, both below 190k which is crazy. We remortgaged last year and the bank valued our home at over 200k. Shared parking in our area is a problem, but houses with a driveway in our neighbourhood start at 220k. 

Last year is an economic world away now, turning down 190k would be crazy IMO, or did you pay more for it?

pembr0ke

Crashy_Time said:

pembr0ke said:

we put the house on the market right before the lockdown. We have found a lovely house that we have had an offer accepted on, so I guess we are desperate to sell in order not to lose the other house! We had quite a few viewings and 2 offers, both below 190k which is crazy. We remortgaged last year and the bank valued our home at over 200k. Shared parking in our area is a problem, but houses with a driveway in our neighbourhood start at 220k. 

Last year is an economic world away now, turning down 190k would be crazy IMO, or did you pay more for it?

Have you looked at what 190k buys in my town? I’d rather not sell then to sell at that price. We have enough equity to buy our next house at 300k, but dropping the price further  erodes all breathing room..

D.L

Looks like a nice property. Selling can take time. I had very unsuccessful attempts at trying to simply view with Purple Bricks so much so that I avoided viewing any with them.

kinger101 said:

09/07/2020	Price Changed: £203,000  to £199,950
06/07/2020	Price Changed: £214,950  to £203,000
22/06/2020	Price Changed: £229,995  to £214,950
14/04/2020	Price Changed: £220,000 to £229,995
06/04/2020	Price Changed: £215,000 to £220,000
03/04/2020	Price Changed: £210,000  to £215,000
03/04/2020	Price Changed: £225,000 to £210,000
27/03/2020	Initial entry found.

This is madness!

Crashy_Time

pembr0ke said:

Crashy_Time said:

pembr0ke said:

we put the house on the market right before the lockdown. We have found a lovely house that we have had an offer accepted on, so I guess we are desperate to sell in order not to lose the other house! We had quite a few viewings and 2 offers, both below 190k which is crazy. We remortgaged last year and the bank valued our home at over 200k. Shared parking in our area is a problem, but houses with a driveway in our neighbourhood start at 220k. 

Last year is an economic world away now, turning down 190k would be crazy IMO, or did you pay more for it?

Have you looked at what 190k buys in my town? I’d rather not sell then to sell at that price. We have enough equity to buy our next house at 300k, but dropping the price further  erodes all breathing room..

It`s around 9k under your asking price? I`m not sure you are properly thinking through the situation we are in, and how that will affect even your town.

numbercruncher8

The price changes make no sense, just makes it look like either desperate, a vendor who will change their mind, or a vendor who would gazump for £1,000 more. 

The date period so far pretty much covers most of lockdown, if we assume that people have only been willing to go out since the start of July.

I'd pull the PB listing and keep the estate agent one. Give it some more time. 

MalMonroe

Well I think it looks lovely, inside and out. It'd be a great shame if you had to sell it for much less than it's worth. Can you hang on? Lockdown is certainly not over yet, in spite of what many people may think. People are still dying of coronavirus, which is a definite sign that we still have some way to go. I've been isolating and still am, not going anywhere yet. And won't for a while yet either.

I really would wait, if you're not desperate. 

GDB2222

I think it’s a great house, and I cannot really see why you are selling. People are delaying having children, and you could be rattling around in the new home for years before grandchildren arrive.  Our first grandchild only appeared a few months ago, and our children are in their thirties.

Markneath

The downstairs and garden looks nice but the upstairs and bathroom pictures not so good. 

The pricing history looks desperate, I know some agents manage to remove a lot of that history from Zoopla , see if yours can?