House Not Selling

ruggedtoast

If its been on for a year you have a problem. It looks bad if properties are on the market for a long time. Almost certainly you need to drop the price - what is it, which location and how much have you got it on for?

PasturesNew

Your language confused me.

You described your house as "developed" and said of the neighbour's sale that it was sold to a developer to be developed.

And in the first posting you refer to it as a property.

It sounds like: this is not your HOME, but a development opportunity you entered into to make money from.

m00m00

got a right move link ?

ruggedtoast

m00m00 wrote: »

got a right move link ?

Yes! You can't beat a Rightmove link in this situation!!

debtdummy

my bf was £195k now its £189k and still no look getting rid of it

dolce_vita

elop_htuos wrote: »

Decreasing the value is not an option ......

Its value to a buyer is not something you can decide.

I think you mean price.



So why is dropping the price not an option?

Running_Horse

We attended an open day for a house on for ages with 5 or 6 agents.

We went assuming there must be something wrong with it and the owners must be desparate, and came away thinking there was something wrong with it and the owners must be desparate. As long as the house is on Rightmove, why so many agents?

TBH you have missed the boat for sales; I would not want to sell ours now in this market. Price is the only weapon you have left.

PINGLEIST

Buyers are nervous so you have to tempt them, consider their concerns;

They can,t borrow as much
Mortgages are more expensive
Bad time to sell
Don,t want to end up with negative equty
the list goes on.

You haven,t said how desperate you are to sell, have a word with your EA and see what value they put your property at for a forced sale, ie. 6-8 weeks, this should open your eyes.

Above all else adjusting your asking is the key.

elop_htuos

Lol, yes i got confused trying to explain myself lol the property is on the market for £250k and this is a home where I have lived for 14 years we did lots to the property to make it the value today, the property which sold next door was pretty run down and the guy who has bought it is completely renovating it because he wanted a project but he won't be selling it he said he wants to stay there! Which is a slight relief because we thought that may go on the market once its complete!

Generali

Have you tried checking the Land Registry figures for what houses are selling for or are you going by asking prices? There can be quite a discrepancy.

If you really need to sell, go to auction - you can be sure of getting the market price (the market being those in the room). You can always set a reserve which isn't declared to bidders.