House NOT selling... AIBU?

[AllTheGin84]

HELP.

Our house has been on the market for 15 weeks... had an offer 4 weeks in at full asking price (woah!), then their chain collapsed and they are no longer selling.

Then we changed agent, went back on the market and dropped price by £30,000 (575,000 - £545,000).

5 viewings in a week, no offers, no interest in buying... WHY? WHY DOES NO ONE WANT MY HOUSE?

Its clean, ridiculously tidy, plain and neutral, lovely comments... but no on wants to even put an offer in!!!!! We have a viewing today, tomorrow and Saturday. What can I do?????

HELP ME MN, I AM DESPERATE TO SELL. This is seriously affecting my mental health.

Look OP, you don’t need £145k profit unless you’ve been using your house as an ATM

I've just checked on the Bank of England website, and using their inflation calculator £400,000 in 2007 is the equivalent of £545,000 today!

Dont do the viewings yourself - most viewers prefer to look around without the owner either breathing down their neck or telling them so much about the house and area that they cant wait to get out! A first viewing of a house is just to see if you like it - most people know very quickly if it is the house for them or not. A second and subsequent viewing is where it can be useful for the owner to be around to answer more specific questions about the house, works completed and area. When the market stalls like it is now it could be no offers yet if those viewing have yet to get interest on their own. However, most houses sell at the right price - so if you are not getting offers the price needs to be reduced in order to find a buyer. You may just have to change your expectations as to what you can buy moving forward.

The problem with asking for general advice is that rules vary depending on type of house.

No parking is a problem if you're selling a detached farmhouse in Chipping Norton, not if you're selling a townhouse in Chelsea.

A small garden is fine if you're selling a maisonette in Wandsworth, not if you're selling a family house in west

It's all relative.

If you're house is significantly lacking in one expected area it better make up for that elsewhere. It's impossible to say without knowing the property

Half a million in London with no parking is pretty standard in London for everyone sneering at the lack of it.

It might be standard for London but we don’t know if this property is in London.

There is a huge difference between on street parking where you can always get a space and parking where you find yourself driving around for 20 minutes and consider yourself lucky if you park in the same postcode.

Given that it’s permit parking I’m guessing it’s the latter. If I lived in a quiet estate or a small village on street parking wouldn’t bother me. If I lived in a terrace street a stones throw from the town centre or train station then it would.

Depend where you live op.

@Mildura, it’s still profit ffs!

It wasn't about yours. It was about the grey Cheltenham house. Although yours may have the same issues.

Can't find a 545k 3 floor house in Kent on right move. Let alone one without good parking

@bilbodog ok thank you, good advice! Wasn't sure whether to do the viewings myself or not... I always thought it was a bit difficult if the person isnt interested from the get go.

Hi
Are you near a lot of new builds ? Check the prices of those with same number of bedrooms etc. My friends son found out his builder on the developing estate was selling four bedders for the price of his three, and his was only a year or so old

Did anyone here do their own viewings? Or best not to?

Do your own viewings, you know the house best, be positive on all aspects. I always do my own viewings and I hate when the agent doesn’t it as you can’t ask relevant questions.

@Alsohuman surely making a profit is good investment as time goes on? If everyone thought like that, then my Grandad who bought his house in the 60s would be happy selling it for £30k, regardless of inflation?

I'm intrigued why the estate agents chose this to be the first photo of one of your competitors though.

Much nicer pictures even out of the ones they've taken

It is quite fun looking what's out there down south

@Thesuzle no new builds near us really... none that I can see!

@Powerbunting OMG thats awful...

There is zero on right move that meets your description in Kent. Is it even on RM? If not, then there is your issue.

If I'm spending 550k on a house (I live in the North) I want a big garden off street parking and excellent catchment area. Nothing major like electrics, glazing etc needing doing, walking distance to park and shops you get a lot for your money in my area 😂

@Powerbunting I found that house. Its quite similar but ours is red brick - no neighbor on the end.

That was only added 2 days ago?

@BernadetteRostankowskiWolowitz no its on with my agent!

Jeez almost 250 posts in we get to the issue! OP is it really not on RightMove

Get it on Rightmove, Zoopla etc ASAP. You’ll lose a lot of potential viewers if it’s just on with their agent. If they say they want to advertise to ‘their’ buyers first- that’s bullshit and not doing you any favours

I’d hate to do a viewing with the owner. That’s what you pay an agent for.
Of course they will blow smoke up your ass “lovely place to your face” OMG once in the car.
If your home is perfect what about the neighbors? I’d steer away from a perfect house with a tip next door.

Jeez almost 250 posts in we get to the issue! OP is it really not on RightMove

Not on Zoopla either. That is really not going to be helping.

It's not in rightmove?!?! There's your problem! We didn't actually look at any agents pages when we bought ours!

The agent said they wanted to try their database first - we've only been with the new agent 10 days or so?

They wanted to give it a break from Rm etc????