AIBU to wonder why our fairly priced new-build house is not selling?

Sales of homes in this price bracket have stagnated, even in desirable areas. Like others have said, buyers are being cautious about over-committing to high mortgages due to the war and rising prices. Plus, you basing your price over your attempt to sell in 2022 is a false economy. House prices went absolutely insane in 2022 and have been on the decline since. I would say you would be more likely to sell for what you bought the property for in 2019 if you are desperate to sell right now. Sorry, OP.

Its expensive even if priced similarly to others. Time of year. Summer months are best fir selling and also cost of living. With a war in the middle east and fuel costs rising i wouldn't want to comitt to a new expense. Personally id sit right.

Our neighbours have had their 4 bedroom house on the market since end of Jan.
We live near an outstanding primary school, when the other houses sold they would be snapped up really quickly. (last year the near enough same house sold for £565k) their home does need a little more tidying/decoration but near enough the same.

They dropped it from £565k to offers over £500k had multiple viewings but no offers, They desperate to move to be near family.

It seems to be the market, they are competing with a new build site nearby which a similar 3 bed which were on for £575k but we think they are struggling to sale and offering good deals - even though it’s only a 3 bed. But also people are concerned about the market currently.

I have had four (one main bathroom, two en-suites, downstairs cloakroom) in my last three houses over the last thirty years, I’ve loved having them.

My friend has a 700k house around the corner from me and it’s been in the market since July and the feedback she’s getting is lack of ensuite at that price point is putting people off.

On my development houses are going like hot cakes so some people obviously do like lots of bathrooms.

Honestly it’s the uncertainty in the world - are we going to end up in a war, is there going to a be a recession, will I lose my job, how much are prices going to rise, what will the mortgage rates be when I have to renew in 5 years.

Things have changed SO much even in the last couple of months. Reducing your price is the only real option we can suggest without seeing the advertisement. Or sit tight, see out this phase of uncertainty and try again in a year (or whatever it may be)

You say you are catchment for some of the best state schools in the country. I'm in a similar area or perhaps the same. The difficulty is catchment can be almost meaningless - would a child get in on distance from your location? Check this year's stats. If so, you can make more of this in your advert.

Pulling out of previous sales and being listed many times would put me off. It's one of the things I look for having been burnt before.

Maybe try adding a screenshot of the floorplan, if you want to stay anonymous?

Most people wouldn’t entertain a house without a downstairs loo. Who wants to have schlep upstairs numerous times a day?

A year ago is not comparable, the property market has dropped significantly since then.

It'll be the price. Generally is.

Now is not a good time to sell, and a loooooot has happened since you got that valuation 8 weeks ago. It's out of date.

You don’t need to post a link OP but can you post the floor plan? People may have more feedback based on that.

I agree we managed no problem with one bathroom and downstairs toilet for 6 adults. No Idea why builders would put in 4. Even 2 beds have to have a downstairs toilet now when built.

All that feedback means they are looking for something different. Sounds like you just need to find someone who wants what you have to offer. They’ll be along at some point. A lower price might speed things up but if people are scared at the moment, then it’s a matter of just waiting. There doesn’t sound as if there is inherently anything wrong with the house itself.

The market is pretty sluggish at the moment and there's a lot of uncertainty. What are houses actually selling for at the moment? Asking prices, anything but very recent sales and offers you got a few years ago are irrelevant here tbh.

What are the bathrooms and kitchen like? In a few years old new build they can often feel a bit dated, which can put people off, as obviously that's not cheap to fix.

At the end of the day, if a house is priced right, it will sell - but that might not be the price you were hoping for.

Stay where you are and put the extra money you would have spent on moving and the additional mortgage into investments. Or on some really good holidays 😂

I'd guess the war right now. We are trying to remortgage 75k on a 575 house. Barclays are asking non stop questions over two plus months now. We are zero risk..they could reposses our house, sell it for a third of its value and still get the entire loan value back.

Ie lenders are nervous to lend.

How many agents is it on with?

Sole agency created zero incentive for the estate agent to get a quick sale. They know that they will get their commission in the end.

I’m trying to sell my parents bungalow. They kept it up to date, it’s detached, 3 bedrooms, no chain, fabulous views. Put it on the market last June, changed EA 4 weeks ago. Reduced the price by 40k. 3 viewings in all that time. It’s bleak. And costing me loads of money each month.

So, size is the main factor.

Does that mean it has quite small rooms or is on a small plot, ruling out a potential extension?

What are your room sizes, e.g. living room, bedrooms? Maybe yours has less bedroom space than some three beds. Four bathrooms sounds excessive in a 4 bed house.

Plus some time wasters who haven’t sold yet.
How many square meters is your house Housesellinghelp?

The fact that you have reduced the price significantly within 8 weeks could be off putting. Viewers might think there's something wrong with the house if you appear desperate to sell.

It’s an indication of how bad the market is now that the agent allowed a viewing by someone whose house isn’t under offer. It’s not your house @Housesellinghelp, it’s any house - especially in that price bracket.

I’m always put off new builds because of lack of storage and often small gardens. A four bed new build can often have the space of a less new 3 bed.

The feedback suggests that one of your viewers thinks they can maybe stretch to a 5 bed for a similar price or that it is not big enough for the price.

I thought this. Unless there is a significant reduction in would opt for a new build.