Struggeling to sell - any tips?

rexmedorum

We went on the market in April.
We had 2 offers in the first few weeks, the first (over asking) went AWOL and the second, (a bit below), "suddenly realised" they couldn't access their deposit till nearer the end of the year. Since than we've had a couple more viewings and it went quiet.

We reduced the price at the end of May and that led to a few more viewings but no offers.

Does anybody have any tips about strategy or the house or anything else?

mallen

I’ve recently sold my house and could have held out for 5-10k more but in a world of ever rising interest rates I listed it for offers over my bottom price and sold it quickly.

If it’s not getting any offers it’s over priced. We’re in a market where house prices are falling. Maybe it’s best to reduce earlier rather than waiting until august 3rd and another BOE base rate increase which will just price out more potential buyers. 

JGB1955

1)  Nicely presented
2) Odd layout  with the kitchen and dining room being separated by the utility
3) Overpriced? What have similar properties sold for recently...SOLD prices, not ASKING

GDB2222

It's a pretty standard looking house. Nothing wrong with it or the listing. It must have a price it will sell at ...

I used to have a flat I let out that was 150 miles away. Even managed, it was a gigantic PITA. Trying to deal with a let property from overseas will not be easy. If the reason for doing that is, for example, that you think it will be a great investment, that seems sensible to me. An even better reason is that you expect to return to this country, and you want to maintain a toehold in the property market.

On the other hand, if the reason you end up letting is that you are not realistic about the current value of your house, I think you will regret it.

pinkteapot

Bog standard modern house. Nothing wrong with the listing, so absolutely no point changing agent as everyone just looks on Rightmove anyway. 

Lose "offers in the region of". That tells buyers you don't want to haggle and will only accept close to that price. It hasn't sold, so that price is too high in the current market. Even if you drop the price you're still selling for well above what you paid for it. Drop the price, get overseas, and don't look back.

This one nearby is under offer, and was marketed at offers over £290k. Yours looks a bit nicer, but not £60k nicer. https://www.rightmove.co.uk/properties/126540215#/?channel=RES_BUY

MultiFuelBurner

How does your house compare to number 6 that's sold for £315k in 2021.

If it's any consolation looks like you got it for a decent price in 2015.

Debt

Reduce the price 

BobT36

Yeah it's a decent, nice looking house. 

Got to be the price. If someone sold one similar for £315 in 2021 well, we've had a tonne of inflation and a load of interest rate rises since then.. It's no longer the peak of the market anymore. As costs go up, prices must come down. 

jonnydeppiwish!

Nice house, my only issue would be the hard flooring upstairs - noisy and cold, but that’s just my opinion.

If it’s not selling, the price is too high.

silvercar

pinkteapot said:

Bog standard modern house. Nothing wrong with the listing, so absolutely no point changing agent as everyone just looks on Rightmove anyway. 

Lose "offers in the region of". That tells buyers you don't want to haggle and will only accept close to that price. It hasn't sold, so that price is too high in the current market. Even if you drop the price you're still selling for well above what you paid for it. Drop the price, get overseas, and don't look back.

This one nearby is under offer, and was marketed at offers over £290k. Yours looks a bit nicer, but not £60k nicer. https://www.rightmove.co.uk/properties/126540215#/?channel=RES_BUY

I disagree, OPs is far nicer, bigger, better layout, detached has an en-suite and a garage. Proper back garden with grass….

gwynlas

Sorry but the over reliance on the word area would put me off even viewing though otherwise the listing covers everything,. You have obviously decluttered but some photos still look messy with oven gloves and bits hanging around the kitchen, this looks to have an odd layout is there somewhere to sit and eat breakfast? Todays trend is for kitchen diners.Upstairs remove plastic boxes beneath the bed and straighten up the cushions in home office/guest room. You could inject colour accents throughout with a larger canvas print replacing pictures in living room and put  bowl of fruit or colourful dish on dining table.Co ordinating throws and cushions on beds towel sets in bathrooms. It might appear counter to your needs going forwwards but  again garden planters are empty and should be in full bloom at this time of year. Investing a £100 or more to style the house to appear interesting in new photos and a better worded description should work to attract more viewers hence potentiial offers. Otherwise you will just be advised to continue to drop the price until it catches the eye of an investor looking for a very easy flip.