Anyone expert at selling houses who wants to give advice?

[ThunderSkies]

Prospective buyers are annoying me. I know it’s all part of the game, but my house is priced realistically based on local actual sales (it’s in the middle of the range), in good repair etc. I’m not sentimental and don’t give a stuff whether they like my decor, but I’m frustrated with cheeky low offers (25% off the asking price) based on lame reasons.

It’s all part of the game. You set a price, based of an average of estimates and prospective buyers go way below that. They e seen it work on TV, so why wouldn’t it for them.

When did the local sales actually go through? If it was pre-Covid I’m not surprised people are putting in low offers. All it takes is a seller who’s divorcing or been made redundant to accept and a new floor is set on pricing.

Go back to them with a price that you’ll take. Stonewall them and they’re going to move on. It’s 100% a buyer’s market now, because there’s a lot of supply and the only people holding mortgage offers are those with rock solid employment. Fewer of those very soon I fear.

You could move this to property/diy for more responses.

It’s annoying but just give your agent a min price you’ll accept for their feedback.

Currently selling mine, it’s been on a few days, one seller was a first time buyer with champagne budget, my house is considered a started (I could’ve be arsed to move) and the other was an ‘Investor’ out for a bargain.

I’ve lived here ages and haven’t found anywhere yet so not in a hurry and I’ve priced it under the competition so not going to budge unless I find somewhere I really want.

How fast do you need to sell?

@breadcakebiscuits depends where you are, the area I am in isn’t selling very fast. The area I’m hoping to buy houses are selling within 6-24 hours.

Prices from before and after lockdown, but on my street the house opposite sold for a very low price (really needed doing up, no central heating etc) and buyers seem to want that price. Houses on the next street (same type of house, area similar - ie not more desirable) have gone for more. I’m concerned that the opposite house is influencing the offers.

We can sit tight indefinitely within reason, my husband’s work is providing accommodation in the meantime (because we've moved for work). We’re lucky in that respect.

Bump

Prices near me haven't gone down at all, so I certainly wouldn't say it's a buyers market here.
Your estate agent should be the one justifying your sale price with the buyers. What do they say?
There are going to always be people offering low - just counter. If you are confident your price is realistic, then stick with it (however question your agent and make sure they aren't encouraging low offers - I've had this from an agent, saying the buyer would accept X price which was inaccurate and she was very taken aback and changed agents shortly afterwards).