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house not selling?

We have been trying to sell our house since May 07. It is in an excellent school catchment area and is well presented. We have had about 12 viewings - feedback usually the same - garden too small/want another room downstairs. Obviously, these are things we cannot change. We have reduced the price already. Any advice?
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Comments

  • FelOn_2
    FelOn_2 Posts: 170 Forumite
    Are people using the MSE site to drum-up more interest in their properties? I wonder....
    Martin Lewis is
    “The UK's Tightest Man”
    – Philip Schofield This Morning
  • halia
    halia Posts: 450 Forumite
    talk to your estate agent, if the feedback is about the size of the property it sounds like the agent isn't sending you the right customers!

    Ie if they want 3 rooms downstairs and you only have 2 why on earth is the estate agent sending them round? Wastes their time and yours, time to have a good sit down and ask how the EA is marketing your property.
    DEBT: £500 credit card £800 Bank overdraft
    £14 Weekly food budget



  • beingjdc
    beingjdc Posts: 1,680 Forumite
    People will either find what they're looking for at the same price, or they'll come back to you. If they aren't coming back to you, it implies that your price is still higher than comparable properties.

    Sadly one cut since Spring may just mean you're chasing the market down, depends where you are in the country.
    Hurrah, now I have more thankings than postings, cheers everyone!
  • ianian99
    ianian99 Posts: 3,095 Forumite
    1,000 Posts Combo Breaker
    if people dont want to buy it then keep dropping the price til they do.
  • The trouble is that houses that we want to to buy are also still on the market (some even put on before ours) and they are not reducing their price. I would gladly reduce my price if others above us would do the same.
  • epz_2
    epz_2 Posts: 1,859 Forumite
    12 viewings in almost a year!

    fact is if you are not getting people through the door then its either priced too high, the place is such a state in the advert photos that nobody is interested or your agent is pathetic, im assuming you have at least changed agent.

    houses sell for what the are worth not what you need the to sell for.
  • Mrs_Thrify
    Mrs_Thrify Posts: 1,673 Forumite
    Part of the Furniture Combo Breaker
    welcome to the non sellers club :o . My 3 bed semi has been on the market since July. Another viewing today :rolleyes: . Like you have herd it all - the bedrooms are to small = we don't live in an A shaped house! to get told the large conservatory makes it much larger down stairs. We also live on a main road :o but with parking for 3 cars on the drive. Have dropped the price by £10,000. House in EA window and on rightmove. Have changed EA.
    Nothing more we can do except keep tidying and decluttering unless we give it away at a realy cheep price:rolleyes:

    Best of luck with your house. Oh and if you do find a buyer 1 in 3 never completes :o . It is depressing sometimes...

    http://www.rightmove.co.uk/viewdetails-17838146.rsp?pa to see my house
    If winter comes, can spring be far behind?
    Spring begins on 21st March.
  • FelOn wrote: »
    Are people using the MSE site to drum-up more interest in their properties? I wonder....

    Unlikely to succeed if they are - like trying to sell spiders to arachnophobics.
  • jonewer
    jonewer Posts: 1,485 Forumite
    rightmove link?
    Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!
  • Rick62
    Rick62 Posts: 989 Forumite
    If people are consistantly saying that it is too small what they mean is it is too small for the price. I.e. they are looking for properties priced at £x and compared to others in that price bracket yours is not offerring good value. Also 12 viewings in a year is rubbish.

    Look closely at the price, look at what similar properties have actually sold for, look at what you paid when you bought and how much the price index has changed in the time you have owned it and talk to other agents.

    I'm constantly amazed at how poor the feedback from EAs is, and how people don't insist on much greater more precise feedback.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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