Will my house EVER sell?

newsgroupmonkey_

ManuelG said:

RelievedSheff said:

7 weeks is no time when you started marketing at the quietest time of year.

When does it pick up, out of interest?

Around Easter time generally. People looking to move in Summer. So maybe a month or so.

That's what we were told by the EA when we went to put ours up in February.

We put it up the weekend before Easter and had 25 viewings on the first day. Make of that what you will.

EssexHebridean

Common view seems to be that the clocks changing often makes the difference as it feels like a turning point in the year - plus the lighter evenings mean people are more likely to have a drive around and look at areas they might be interested in in daylight.

Sarah1Mitty2

jonnydeppiwish! said:

It’ll be the price 15% off something that is 30% over priced in the first place is still overpriced

That`s right, the sellers who get the price right from the start have the best chance.

diystarter7

Martico said:

diystarter7 said:

RelievedSheff said:

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

Your constant price changes will make you look desperate so buyers will be holding out for mote reductions. 

Calm down. 

But 5 weeks and one viewing means that there is something fundamentally wrong. IE the price. 
Prorty may not sell for days, weeks and even months but rest assured that a residential property
will get more than one viewing within 5 weeks if price does not look too far-fetched.

I've a feeling you may have got this confused with another thread from today (that appears to have disappeared). No mention on this thread of only one viewing, geography also appears different.

Hiya

Many thanks for the heads up, appreciate it. As you said, a similar thread has gone.

OP, take a step back, sleep on it and come back with a revised strategy, etc and good luck,

(Markets are slow, rates are high and may go a tad higher. People are feeling the pinch re fuel and food and many have got expensive car lease agreements etc and the war in Ukraine contiunes along with our harsh weather - reevaluate, and use another EA but check their T&C's re introductions etc as you dont want to pay 2 EA's -  if you home goes at a lower price, there ones you want may be lower priced as well)

Good luck

fackers_2

Ruby-Tuesday said:

EPC is a C, modern boiler, cavity wall insulation, double glazing.
I think  the mistake we made,  based on the estate agents valuation/advice, was to go on the market at too high a price and to lose that important first couple of weeks of interest.
Although we realised ourselves really quickly when we weren't getting any viewings and  we reduced it after the first week by £100,000  and have just reduced it  again by a further £50,000.  So in total we have reduced it by £150,000 and still no joy.
The house is dated, by modern standards. It needs a new kitchen. Bathroom is fine, white suite, clean and functional.
It is priced to reflect this. I may post a link to Rightmove if I feel brave enough!

If I were in your shoes, I’d pull it off the market. Do everything you can to present it better and look more inviting. 

And relist at a realistic price. Market is continuously changing downwards albeit, more slowly currently but it could change. Better to be slightly under market value to drive viewings and gain bidding offers. The market isn’t where it was in Summer 22 and I’m afraid you’re highly likely not to get prices close to those now. I’m seeing reductions daily on Rightmove which is happening to almost 4 in 5 houses! 

Having been looking at properties for 3 months now. I’ve realised a few things: 

1. “DESPERATE” - if on with multiple agents and I personally wouldn’t go view. Almost like they are hiding something. It’s off putting. 

2. Multiple price drops again makes me not want to view as it seems undesirable and as much as I shouldn’t, I think about the resell ability. 

Best of luck! Must be a gut wrenching feeling! 

jonnydeppiwish!

ManuelG said:

RelievedSheff said:

7 weeks is no time when you started marketing at the quietest time of year.

When does it pick up, out of interest?

Present time? Probably about 24-36 months…..

jonnydeppiwish!

newsgroupmonkey_ said:

ManuelG said:

RelievedSheff said:

7 weeks is no time when you started marketing at the quietest time of year.

When does it pick up, out of interest?

Around Easter time generally. People looking to move in Summer. So maybe a month or so.

That's what we were told by the EA when we went to put ours up in February.

We put it up the weekend before Easter and had 25 viewings on the first day. Make of that what you will.

But that was last year - the market is very different now.

As previous posters have said, if it’s priced correctly it will sell, even in the current market. If it’s overpriced, unless someone loves it, it won’t.

As for £1m properties, it depends where you live as to how many viewing you should get.

ManuelG

jonnydeppiwish! said:

newsgroupmonkey_ said:

ManuelG said:

RelievedSheff said:

7 weeks is no time when you started marketing at the quietest time of year.

When does it pick up, out of interest?

Around Easter time generally. People looking to move in Summer. So maybe a month or so.

That's what we were told by the EA when we went to put ours up in February.

We put it up the weekend before Easter and had 25 viewings on the first day. Make of that what you will.

But that was last year - the market is very different now.

As previous posters have said, if it’s priced correctly it will sell, even in the current market. If it’s overpriced, unless someone loves it, it won’t.

As for £1m properties, it depends where you live as to how many viewing you should get.

tbh (and I don't want to hijack somebody else's thread really!) I'm more bothered from a personal POV when I'll get a choice of properties to buy because people bother to list them. Shame for the OP I'm not looking where they are really, or I'd be around like a shot!

Sarah1Mitty2

EssexHebridean said:

Common view seems to be that the clocks changing often makes the difference as it feels like a turning point in the year - plus the lighter evenings mean people are more likely to have a drive around and look at areas they might be interested in in daylight.

Yes, but affordability is the main factor in getting a sale/making a purchase, the time of year has absolutely no effect on that.

EssexHebridean

Sarah1Mitty2 said:

EssexHebridean said:

Common view seems to be that the clocks changing often makes the difference as it feels like a turning point in the year - plus the lighter evenings mean people are more likely to have a drive around and look at areas they might be interested in in daylight.

Yes, but affordability is the main factor in getting a sale/making a purchase, the time of year has absolutely no effect on that.

The lack of conveyancing instructions in the legal sector at certain times of year tells me that the time of year does make a difference - a significant one.