House not selling - same feedback every time! What would you do?

subjecttocontract

slackgarry said:

Hoenir said:

June is the start of the traditionally slower summer period. 

What other months are also slow ?

There's the slow winter period, especially before and after Christmas.

RHemmings

Typically it's said that the housing market is most active from February to June, and then from September to October. 

subjecttocontract

RHemmings said:

Typically it's said that the housing market is most active from February to June, and then from September to October. 

Exactly.......that's leaving out the slow summer and slow winter periods. About 6 months of active sales in total and 6 months of slow sales.

ReadySteadyPop

subjecttocontract said:

RHemmings said:

Typically it's said that the housing market is most active from February to June, and then from September to October. 

Exactly.......that's leaving out the slow summer and slow winter periods. About 6 months of active sales in total and 6 months of slow sales.

The OP has been trying to sell in the Feb - June "active" period, it isn`t the time of year that is the issue it is the price, as pointed out by a few posters.

subjecttocontract

ReadySteadyPop said:

subjecttocontract said:

RHemmings said:

Typically it's said that the housing market is most active from February to June, and then from September to October. 

Exactly.......that's leaving out the slow summer and slow winter periods. About 6 months of active sales in total and 6 months of slow sales.

The OP has been trying to sell in the Feb - June "active" period, it isn`t the time of year that is the issue it is the price, as pointed out by a few posters.

We already know that and now we also know that there's a slow summer and slow winter period as has been pointed out previously.

ReadySteadyPop

subjecttocontract said:

ReadySteadyPop said:

subjecttocontract said:

RHemmings said:

Typically it's said that the housing market is most active from February to June, and then from September to October. 

Exactly.......that's leaving out the slow summer and slow winter periods. About 6 months of active sales in total and 6 months of slow sales.

The OP has been trying to sell in the Feb - June "active" period, it isn`t the time of year that is the issue it is the price, as pointed out by a few posters.

We already know that and now we also know that there's a slow summer and slow winter period as has been pointed out previously.

The traditional selling periods don`t exist any more, affordability has changed so much.

amandaleeds

DE_612183 said:

thebratprince said:

Niv said:

Let me start by saying - I think your home is lovely (minor gripe with the fake grass lol).

I do not know the aera, or what similar homes are sold at so cannot comment on price but my instinct is that you need to wait for the right buyer. In my opinion homes like this do not fit the more common timelines sometimes associated by houses of this size (three bed terrace I mean).

I think that some people will expect 'standard' height houses, especially if they are also looking at modern houses so when they come to your place it will feel 'lower'. Do people need to duck to get through any doorways etc? Price (without being drastic) wont make much difference to someone not wanting to duck to get through a doorway. I struggled a bit with my previous home as the stairway was spiral rather than a standard dogleg - but eventually it sold without dropping price unrealistically. My current house put some buyers off as the stairway is 'non standard' to say the least amongst a number of other things. 

One of the problems I see is that phrases like 'open plan' can give an image of space and height ceilings.

To your question, 'what would I do' - I would change the wording slightly to make it clearer that the ceilings might be lower than standard  - I am not a wordsmith but assume the EA can think of something. And I would take a hard look at other houses for sale in the vicinity at the same /close price and ask myself the question - Would I prefer my house or this house  and if you keep coming to not your house maybe it is price?

What drew you to that house in the first place?

The first part amused me - we also despised the fake grass and were going to change it before we realised how great it was not having to clean the dog's paws every time he came inside! We fell in love with the character - the stone, the quirks, the beams. In addition to the 'extras' like the home office (we both wfh) and huge garage, which other cottages didn't seem to have for the same price at the time. Trouble is, I'm not sure that city-escapees wanting to wfh in the countryside is our market anymore.

Our price reduction will probably have to be drastic to make a difference, the two small reductions haven't shifted anything much. Good to hear you sold eventually though, it's tough when you don't live in a standard place.

Thank you for your thoughts. 

One point about price reductions are that there are extensions on google that show price reductions, see screenshot - so sometimes it's better to take it off the market - wait a few weeks then put back up perhaps with another agent. As can be seen from the screenshot - this one looks like a desperate seller so will be inclined to attract chacers with much lower offers....

It's also possible to see old ads online, so you can still see the overall price reduction. I've seen a property that didn't sell a few years ago at like £300k, then they tried last year at 400k and it's now on for about £325k. If it had been priced correctly years ago, it would have sold as it's a nice property. 

Grumpy_chap

ReadySteadyPop said:

subjecttocontract said:

RHemmings said:

Typically it's said that the housing market is most active from February to June, and then from September to October. 

Exactly.......that's leaving out the slow summer and slow winter periods. About 6 months of active sales in total and 6 months of slow sales.

The OP has been trying to sell in the Feb - June "active" period, it isn`t the time of year that is the issue it is the price, as pointed out by a few posters.

Will the "active" Feb to June period have been less active this year because of the late or non-arrival of Spring?
Will people have been cautious pending interest rate announcements and the uncertainty of an election?

ReadySteadyPop

Grumpy_chap said:

ReadySteadyPop said:

subjecttocontract said:

RHemmings said:

Typically it's said that the housing market is most active from February to June, and then from September to October. 

Exactly.......that's leaving out the slow summer and slow winter periods. About 6 months of active sales in total and 6 months of slow sales.

The OP has been trying to sell in the Feb - June "active" period, it isn`t the time of year that is the issue it is the price, as pointed out by a few posters.

Will the "active" Feb to June period have been less active this year because of the late or non-arrival of Spring?
Will people have been cautious pending interest rate announcements and the uncertainty of an election?

More likely that people can suddenly just borrow a lot less, and "down-valuations" are a lot more common.