Flat has been on the market for 3 weeks now, and I've not had many viewing requests - is there anyth

ReadySteadyPop

Slashrfnr said:

I've had my 2 bedroom, 2 bath flat located in South East London on the market for 3 weeks now but I've only had 7 enquiries, of which 4 turned into viewings (1 of the viewers liked it but wanted a more modern kitchen, 1 of them the state agent was convinced was going to make an offer the following day, but then disappeared). I can understand people enquiring and then deciding against viewing if they find out more and realise it doesn't meet their specs (e.g the block doesn't have a lift, and they have a young child in a pushchair)

I know the market is not great at the moment and people are wary of leasehold, but is there anything in the advert which is putting people off at last enquiring about the property, and any suggestions on how I can improve the listing? So far I've been led by what my Estate Agent thinks is best.

It won't let me post links, but if you add [Removed by Forum Team] after the rightmove web address, you will find it.

I know price will come up in the comments, so some context. I had 6 Estate Agents come round to value it

• 1 estate agent valued it at £295,000 to £315,000, and wanted to put it on at Offers in Excess of £300,000 (but I've seen what people say here about OIEO)

• 3 valued it at £300,000 to £325,000 (one said it in a more normal market and without general concerns about leasehold, it would be £350,000-£375,000). They all wanted to list at £325,000 to factor in offers under

• 1 valued it at £325,000 to £350,000, wanting to list at £350,000, which priced in offers under

• 1 valued it at £350,000

I ultimately went with the Estate Agent who valued it at £325,000 to £350,000. They had the best stats out of the 6 in terms of number of instructions to completions, and similar or better on achieving the sale price. However, given the majority of people my valuations had come in at £325,000, and I'd seen similar properties in my area sell at that price (e.g /properties/163340717#/?channel=RES_BUY), I chose to list at £325,000.

I bought this in 2019 for £325,000, so not at the mad prices of 2022. That said, I'm realistic that the economic climate is different now, and that I may not get £325,000, so it's priced at £325,000 to factor in that people will offer under the asking price.

I did have a conversation about lowering the price, but my estate agent (who is on a fixed fee so sale price is irrelevant to his final payment) was dead against it at this stage, given it's quite big compared to other flats in the area (2 large double rooms, and 2 bathrooms, and a large open plan kitchen and lounge), adamant it was worth £325,000. He also felt that if I lowered it, people may wonder if there is something wrong with the flat (which is something a neighbour experienced when they were trying to sell last year). I didn't bother getting into it with him about the market is the ultimate decider of what something is worth.

He did say the market is just very subdued at the moment, and they aren't seeing as much interest in many of their properties ( they listed a house at the weekend and would normally expect 175-200 clicks on Rightmove, but only got 90)

Any more enquiries?