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No viewings in 6 weeks, drop price?

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  • SG27
    SG27 Posts: 2,773 Forumite
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    I had 3 viewings first week then nothing so I dropped the price after about 3 weeks. Had another 3 viewings booked straight in and sold straight away!
  • Davesnave
    Davesnave Posts: 34,741 Forumite
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    Frth wrote: »
    The online advert is superb though. It's looks really good
    It looks good to you, but not to the people who are actively searching for your kind of property in your location, or they'd have come to view by now.

    Ask yourself, "Is it likely no one here is looking for a house like this?" It could be true on a Hebridean island, but unless there is an unusual feature related to the area where you live, it's probable people are seeing the ad.

    What does your agent say about the number of hits on it?
  • SmashedAvacado
    SmashedAvacado Posts: 1,262 Forumite
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    Ask the agent to identify the other houses they have in the same range of price as yours + or - 20%
    Ask the agent how many viewings each of those houses has had in the last six weeks and how many offers each has had.
    It might be that there are no buyers in your area and that dropping the price wouldnt make a difference
    it might be that your house is performing less well than others, and that might lead to a price drop being a good thing
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
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    Ask another couple of agents round to value it - tell them you're thinking of changing agent... see what they say. Then speak to your agent.
    Ask all three about the price/local market.... they'll know if their phone's stopped ringing... or if your house is overpriced .... or if the market's changed.

    Do you watch/monitor the progress of other houses "like yours" within a 3 mile radius - to see/compare their adverts and if they're selling? Maybe nobody is selling in your area at any price.

    A lot of people don't look during "the summer holiday weeks" ...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    SG27 wrote: »
    I had 3 viewings first week then nothing so I dropped the price after about 3 weeks. Had another 3 viewings booked straight in and sold straight away!


    Dropping the price can often be the least stressful route to take, although it may not seem like it at the time.
  • kinger101
    kinger101 Posts: 6,284 Forumite
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    Very likely it's the price. Unless you have a home that only suits certain people. E.g., only horsey types are going to want stables.

    Nobody wants to visit a property if they see no middle ground on the price.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    kinger101 wrote: »
    Very likely it's the price. Unless you have a home that only suits certain people. E.g., only horsey types are going to want stables.

    Nobody wants to visit a property if they see no middle ground on the price.


    What do you mean by "middle ground"?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
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    Middle ground is a price that both can see as reasonable from the others starting points.
  • Running_Horse
    Running_Horse Posts: 11,807 Forumite
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    Only post a link if you want pages of people critiquing paint colours and photography skills.

    It's the price. If it's not the price, it's the price.
    Been away for a while.
  • Red-Squirrel_2
    Red-Squirrel_2 Posts: 4,341 Forumite
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    Running_Horse wrote: »
    Only post a link if you want pages of people critiquing paint colours and photography skills.

    It's the price. If it's not the price, it's the price.

    You're mad if you don't think marketing can make a difference.

    It won't add thousands to the value, but it can get people in the door if the price is in the right ballpark.
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