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

who is your target market and how
many of them have that budget?

The market has changed a lot & prices in many areas need to reduce to reflect higher mortgage costs. Add in increased living costs, reduced wfh etc.

Also new new builds often have discounts eg reduced stamp duty to make them more attractive.

Part exchange might be your only way out. Most new builds will do part exchange so if the bigger house you want is on a new build development ask about part exchanging

Yes its called "fleecehold" for good reason

I would change EA.

Is your current agent maximising the sale through SM? Are they an independent?

How do you fit all of that into the ground floor space you have? 160 m2 square isn't huge for a 4-bed house. Maybe the room sizes are putting people off.

I think new builds can sometimes look a bit lifeless compared to older properties.I also think that more expensive homes are harder to sell that smaller homes. The price could probably be an issue due to the financial issues in the world. I’m presuming a lot of people do not want to move currently. There is a 3 bed new build near me that is a rental and it has been for sale for 4 months and had the price reduced but still for sale, the photos could be for tidier but other than that I don’t see an issue. I think it’s a sign of the times.

If it’s a new build estate do you have to pay a yearly service charge for estate maintenance? I wouldn’t buy another house with that in place. They’re a total scam.

A year ago is a hell of a long time, though

I remember talking to an estate agent in the summer and he said the same as me - if people didn't sell and have it all complete before the budget, they weren't going to. Certainly round my way here they all knew there was going be a massive drop in sales after the budget.

what we didn't know then was that there would be a war. So even without thinking that would happen, it did seem to me that you needed to be sold i.e. completed before the budget. I'm sorry, but it doesn't look terribly hopeful

People will always need to move for some reason, but it's going to be a very slow quiet market for a long time I reckon.

Estate agents vary in ability, even those under the same chain. Could this be you have chosen the one that is not good at selling a house like yours?

I would never consider a new build because they are usually poor quality.

Im wondering if this is a fake post. I cant find a single 4 bed in Hampden In Arden for £649k

Maybe im just being dumb or you wanted to keep a bit anonymous so chose to increase/decrease the figure you quoted (no biggie 🙂 im not complaining).

This is what you're up against: https://www.rightmove.co.uk/properties/171424265?utm_campaign=property-details&utm_content=new-homes&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_NEW

Deposit boost
Keyworker schemes
Part exchange (so nobody has to wait for you to find a new home before they move in).
Solar panels (you didnt mention any)

Other things it has going for it yours might not
South facing garden - a BIG plus for me
Utility room (these are really "in" right now previously there was more of a trend of really open plan spaces
Separate dressing room (ooo lala)

Its also got a massive marketing brochure, team of dedicated sales people who will sell it up - rather than estate agents who will literally take anyone to any house they have listed for their budget. Plus its decorated like a show home. No matter how hard you try its never going to look as showhomey!

It is 15 pages, how much did they pay?

It is price and demand, it is nearly always that. New-builds are for staying in for decades not making a profit on, the developer makes all the profit.

It’s not the Decor these days people expect to move into a property and practically demolish it and start again. In fact if it was beautifully decorated most people wouldn’t want to buy it. Where’s the Instagram flex in that?

You have looked at the price of comparable houses but are they actually selling? It may be the market is just really slow in your area.

Why don't you read the OP's posts?

Those 15 years were the absolute peak of money printing and interest rate cutting though, now is back to reality time.

What did you pay for it 5 years ago?

Where is it op? That's a lot to pay for a 4 bed, a lot of people aren't after new builds because they tend to have issues, and I would imagine a lot of people are wary about getting a mortgage at the moment. It may just be that people aren't looking right now.

It's for sale of course she can post it it's out there on the internet already, not posting is ridiculous

Because no one can give you an answer if they can’t see your abode!
Maybe it’s decor, maybe it’s the garden, maybe it’s the hand painted St. George’s cross on the outside of the next door neighbours house?
who knows?

Dont forget that FTB who took out a Help to Buy ( H2B) loan will probably now be having to pay them back if they sell.
So anyone in a 2/3 bed who wants to move up the ladder will have lost the new house premium, plus my personal opinion is H2B artificially inflated the market along with zero stamp duty.
People were racing to buy new houses
Their house price will have dropped plus they have to hand over 20% of the sale price
Ouch

My friend is selling on a road where houses usually sell like hot cakes. Think close to one of the best state primaries in the county. Best house on the road, often admired. She went on the market at a high ish but not unreasonable amount.

She had two viewings. just two. A few years ago, she would have had an Open Day by appointment launch. She would have a number of good offers. Two viewings, one offer which she feels she has to accept. She is selling because her parents are unwell and she wants to move closer.

The market is very, very slow.

I'd expect to pay £600k tops New build loose value in the first few years. Remarket at £595 same as you paid and you'll get multiple viewings and offers and may well go for over asking. You've priced way too high. You got the new build premium you can't expect your potential buyers to pay it when it's no longer new

OP can you not take some screenshot of the house listing without the full thing? Or take the images and chatgpt it so its not recognisable but the main features remain - or chatgpt just makes each room empty.