Selling my house

peterleegirl

Hi I was wanting advice. I’ve had my house on the market for three weeks but not getting any interest. I was hoping to target first time buyers as it’s a small new build 3 bed semi detached town house. I was going to suggest to estate agent to offer cash back on completion to attract young buyers. Is this a good idea?

fatbelly

Not if you're on an IVA

sammyjammy

Three weeks is not a long time, if you are desperate reduce the price.  You have posted this on the IVA/DRO board, you may want to post it on the House buying board.

MovingForwards

No, because it will have to be declared to the lender. Why not just reduce the price instead.

RelievedSheff

3 weeks is no time at all to be on the market. Be patient. 

Thrugelmir

The country is still in a form of lockdown .......

AdrianC

Not getting any viewings?
Then it's the listing.

Would you be so kind as to post the RM link?

Redwino222

I put my house on the market last week.  I have 15 viewings already scheduled - my estate agent had arranged three before the house even went online.

speak to your estate agent - this is what you pay them for.  They know the market - know what to expect and should be able to advise of the price is wrong.

where I am people are bidding over asking price - houses are going sale agreed within a week or two.  Three weeks would mean they house is over priced.  But your area might be different 

ProDave

It must be a measure of how cheap and affordable houses are now (compared to when i bought my first one) that we now consider a 3 bed semi to be a typical first time buyers property.

In my day that was something to aspire to and work up towards.

Mahsroh

ProDave said:

It must be a measure of how cheap and affordable houses are now (compared to when i bought my first one) that we now consider a 3 bed semi to be a typical first time buyers property.

In my day that was something to aspire to and work up towards.

I’d say it’s also partly down to the fact that the average first time buyer is older than they used to be, and quite often those looking to get on the ladder for the first time already have families. 

AnotherJoe

peterleegirl said:

Hi I was wanting advice. I’ve had my house on the market for three weeks but not getting any interest. I was hoping to target first time buyers as it’s a small new build 3 bed semi detached town house. I was going to suggest to estate agent to offer cash back on completion to attract young buyers. Is this a good idea?

It's a new build????? Are you a builder ?
Or do you mean it was a new build a few years ago and is now in competition with actual newbuilds that have all sorts of financial and other incentives ? How is it priced compared to those?