House not selling!

Bigphil1474

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ReadySteadyPop

Bigphil1474 said:

@ReadySteadyPop

It sold a couple of months ago, we looked at it in April last year and it had already been on the market a few months. I did get the impression that the seller wouldn't budge on price, so maybe that was why it took so long. Still showing as Sold STC.

So not quite over the line yet, maybe they will end up having to be more flexible?

ReadySteadyPop

Herzlos said:

Caravanna said:

We’re not even getting any viewings😢 It’s been on since December and nothing! It’s a nice little 2 bedroomed end of small terrace, 20 years old with conservatory and well kept garden. I guess the market’s just not on our side! 

That's unusual, and makes me think it's not the price because if it was you'd get some viewers and low ball offers.

So you need to try and figure out whether people are being put off and why, or if they just aren't seeing it. 

Does it come up in rightmove searches?

Are the photos clear? Are the rooms presented well?
Is the description reasonable?
Is there a floor plan?

Is the agent reactive to queries? (this is where you'd need the mystery shopper friend). 

Are you using an agent local to the property or an online one?

 A lot of people will just ignore a property now if the price looks out of touch, to get  even "low ball" or some might say "sensible" offers the property would have to be in high demand I would say.

Herzlos

ReadySteadyPop said:

Herzlos said:

Caravanna said:

We’re not even getting any viewings😢 It’s been on since December and nothing! It’s a nice little 2 bedroomed end of small terrace, 20 years old with conservatory and well kept garden. I guess the market’s just not on our side! 

That's unusual, and makes me think it's not the price because if it was you'd get some viewers and low ball offers.

So you need to try and figure out whether people are being put off and why, or if they just aren't seeing it. 

Does it come up in rightmove searches?

Are the photos clear? Are the rooms presented well?
Is the description reasonable?
Is there a floor plan?

Is the agent reactive to queries? (this is where you'd need the mystery shopper friend). 

Are you using an agent local to the property or an online one?

 A lot of people will just ignore a property now if the price looks out of touch, to get  even "low ball" or some might say "sensible" offers the property would have to be in high demand I would say.

Can you back that up with anything? Lots of people view houses above their price range and put in cheeky offers, that's why people on here complain about cheeky offers, and would fit in with your claim that prices are falling. 

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

Herzlos said:

Caravanna said:

We’re not even getting any viewings😢 It’s been on since December and nothing! It’s a nice little 2 bedroomed end of small terrace, 20 years old with conservatory and well kept garden. I guess the market’s just not on our side! 

That's unusual, and makes me think it's not the price because if it was you'd get some viewers and low ball offers.

So you need to try and figure out whether people are being put off and why, or if they just aren't seeing it. 

Does it come up in rightmove searches?

Are the photos clear? Are the rooms presented well?
Is the description reasonable?
Is there a floor plan?

Is the agent reactive to queries? (this is where you'd need the mystery shopper friend). 

Are you using an agent local to the property or an online one?

 A lot of people will just ignore a property now if the price looks out of touch, to get  even "low ball" or some might say "sensible" offers the property would have to be in high demand I would say.

Can you back that up with anything? Lots of people view houses above their price range and put in cheeky offers, that's why people on here complain about cheeky offers, and would fit in with your claim that prices are falling. 

Why do you think the house isn`t selling?

Herzlos

ReadySteadyPop said:

Why do you think the house isn`t selling?

I don't know, that's why I asked a list of questions to try and figure it out instead of making assertions based on insufficient information. 

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

Herzlos said:

Caravanna said:

We’re not even getting any viewings😢 It’s been on since December and nothing! It’s a nice little 2 bedroomed end of small terrace, 20 years old with conservatory and well kept garden. I guess the market’s just not on our side! 

That's unusual, and makes me think it's not the price because if it was you'd get some viewers and low ball offers.

So you need to try and figure out whether people are being put off and why, or if they just aren't seeing it. 

Does it come up in rightmove searches?

Are the photos clear? Are the rooms presented well?
Is the description reasonable?
Is there a floor plan?

Is the agent reactive to queries? (this is where you'd need the mystery shopper friend). 

Are you using an agent local to the property or an online one?

 A lot of people will just ignore a property now if the price looks out of touch, to get  even "low ball" or some might say "sensible" offers the property would have to be in high demand I would say.

Can you back that up with anything? Lots of people view houses above their price range and put in cheeky offers, that's why people on here complain about cheeky offers, and would fit in with your claim that prices are falling. 

Prices are not really falling, aspirational asking prices maybe, but houses are getting harder t sell, that is what I am saying.

ReadySteadyPop

Caravanna said:

Hello, we’re looking for a bit of house selling advice, We’re trying to sell MILs house. We’re a rural area but it’s on a new small estate, we’ve paid off her substantial equity release mortgage with all our savings to stop the huge amount of monthly interest and dropped the price from £245,000 to £215,000 but not even a peep! Should we try ONO or just drop it to 20K and see what happens? It’s been on since Christmas . 

Did you eventually reduce to 200k?

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

Why do you think the house isn`t selling?

I don't know, that's why I asked a list of questions to try and figure it out instead of making assertions based on insufficient information. 

I think the OP already covered most of your list though, and actually had arrived at the conclusion for themselves that price is the most powerful lever you have when selling a house?