House selling- what am I doing wrong?!

Slinky

horsewithnoname said:

Herzlos said:

I'd be less annoyed if he was spamming links to some useless service instead of giving out terrible advice.  I can't fathom how he hasn't been banned given how many rules he violates and how often he must get reported. 

The extra frustration is that at some point he may actually be right, and that a house is overpriced, but because it gets parroted every time without any understanding of the situtation we'll miss it. 

He’s been banned several times I believe 🤨 

I don't know why he's here. In all the many iterations, he's never actually started a thread and asked for help. Just offered endless opinion that whatever it is, it's overpriced.

paulintheprocess

If you’ve had nothing for eight weeks, it usually means buyers think there’s better value elsewhere. Even a small shift in price can make a big difference to getting viewings going again.

Also check your listing is actually being pushed properly. Sometimes agents let things go stale and stop promoting it. Fresh photos or a new headline can help bump it back up.

Talk to your agent about what similar houses nearby have actually sold for recently. If those are coming in lower, you’ll need to adjust. The market is slow in a lot of areas right now, so it’s not necessarily anything you’re doing wrong.

EssexHebridean

This is probably not the time of year to be adjusting price on anything other than a property you HAVE to sell immediately, regardless of how low an offer you have to accept to do so. Absolutely yes to tweaking photos, listing details etc  - stuff like that can really have an impact - but chances are that right now, it won’t see any more offers come in. Better to reserve a price change - or even a complete relisting - for the New Year when things pick up a bit. 

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

gwynlas said:

If you have had a number of viewings and are happy with description. photos and feedback received then there is nothing you can do but wait.

A £10k reduction is neiter here nor there as serious buyers would make offers anyway.

You only need one buyer
hopefully the right one will come along

There is a lot you can do, viewings don`t mean a great deal, people will say any old thing for why they are not interested, in many cases it will be about the price, offers are more concrete but most lenders are down-valuing now so you have to accept that your initial asking price is just an ideal, it isn`t necessarily going to be market reality. Drop the price by 25k and see if you get any serious offers at that level.

I've never viewed a house and turned it down based on price. Neither did any of the viewers who didn't go on to offer. 

If price was the only issue, they'd view and make a low ball offer especially in England where offering below asking is the norm. 

I'd recommend droppning the price as a last resort, especially by such a huge margin. What makes you think it's £25k overpriced?

I'd argue that the group of people who'd buy it when listed at £215k but not when listed at £240k is near zero. More likely it the winter house buying lull or something else preventing people going from viewing to offering. 

I see, nothing to do with money, ok got it.

sheramber

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

gwynlas said:

If you have had a number of viewings and are happy with description. photos and feedback received then there is nothing you can do but wait.

A £10k reduction is neiter here nor there as serious buyers would make offers anyway.

You only need one buyer
hopefully the right one will come along

There is a lot you can do, viewings don`t mean a great deal, people will say any old thing for why they are not interested, in many cases it will be about the price, offers are more concrete but most lenders are down-valuing now so you have to accept that your initial asking price is just an ideal, it isn`t necessarily going to be market reality. Drop the price by 25k and see if you get any serious offers at that level.

I've never viewed a house and turned it down based on price. Neither did any of the viewers who didn't go on to offer. 

If price was the only issue, they'd view and make a low ball offer especially in England where offering below asking is the norm. 

I'd recommend droppning the price as a last resort, especially by such a huge margin. What makes you think it's £25k overpriced?

I'd argue that the group of people who'd buy it when listed at £215k but not when listed at £240k is near zero. More likely it the winter house buying lull or something else preventing people going from viewing to offering. 

I see, nothing to do with money, ok got it.

For how long?