House up for sale 17 months with 2 viewings?

eyepunky11

Hi there all,

Wonder if anyone can give us a bit of advice?, we have had our bungalow on the market for about 17 months now and had 2 viewings?!??!, we want to downgrade and pay the mortgage off and we have seen some lovely houses that we would like to buy....
.....but we have had only 2 viewings, we have been onto the estate agents but everytime they just say the market is slow, its a waiting game, etc, etc.

Just wondered if anyone can give us a bit of advice of what else we could do to try and market it ourselves, as we think the estate agents may be just giving us the same old line.

We are on right move, recently reduced the price from 205,000 to 199,950.

Thank you!!!

glen8

a £5k discount won't sell your house

If it's anything like the area we live, you need to drop to 169,950 before you 'start' getting viewings

Think I'm joking.....

http://www.rightmove.co.uk/viewdetails-7932201.rsp?pa_n=5&tr_t=buy

This was purchased for 199,950 in Nov 07

The best thing you can do is try and find houses like yours which have sold, and see how much they sold for

CLAPTON

you reduced the price by 2.5% after 17 months?
think 10-20% in a falling market and even then you may be chasing the market down.

neas

Got a rightmove link so we can check the decor and presentation?

neas

Yours is an unusual situation... 17 months ago nobody thought about a house price crash... and even in this Sellers market your house wasn't selling... it must have been overpriced by about 15-20k then.

Now instead of being realistic, greed blinded your sale... You answered your own questions.... why hasn't it sold? because its overpriced... you made a small reduction and expect people to come flocking.. At least 15k off the price would help.... but now you wasted your time when prices were rising.. you coulda sold then but now the markets going down.. every day you loose less...People really only have themselves to blame when it comes to finances like this..

eyepunky11

we were advised by the estate agent to put up for 205K (as the house is worth more) then advised to reduce further to 199K to be with a chance to appeal to the lower end of the market, under the 200K mark.

So you think a further reduction is in order?

Ta

eyepunky11

neas wrote: »

Yours is an unusual situation... 17 months ago nobody thought about a house price crash... and even in this Sellers market your house wasn't selling... it must have been overpriced by about 15-20k then.

Now instead of being realistic, greed blinded your sale... You answered your own questions.... why hasn't it sold? because its overpriced... you made a small reduction and expect people to come flocking.. At least 15k off the price would help.... but now you wasted your time when prices were rising.. you coulda sold then but now the markets going down.. every day you loose less...People really only have themselves to blame when it comes to finances like this..

errrm, 2 years ago it was valued at 220K, greed???, i doubt it!!!

glen8

2 viewers in 17 months?

If you really want to sell, drop the price and get onto your estate agent to push it.

Have a friend ring up asking about your style of house. See if the estate agents pushes it. If not, give them a right b0ll0cking and move agents

southernscouser

neas wrote: »

Now instead of being realistic, greed blinded your sale... You answered your own questions.... why hasn't it sold? because its overpriced... you made a small reduction and expect people to come flocking.. At least 15k off the price would help.... but now you wasted your time when prices were rising.. you coulda sold then but now the markets going down.. every day you loose less...People really only have themselves to blame when it comes to finances like this..

Have you ever thought that maybe some people aren't 'experts' like yourself and follow the advice of the so called ones like estate agents?

But why use your brain when you can be an @sshole eh?

eyepunky11

southernscouser wrote: »

Have you ever thought that maybe some people aren't 'experts' like yourself and follow the advice of the so called ones like estate agents?

But why use your brain when you can be an @sshole eh?

thank you :beer:

cells

eyepunky11 wrote: »

errrm, 2 years ago it was valued at 220K, greed???, i doubt it!!!

help us help you!

rightmove link
postcode of house
a bit of info on the local area
ect