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.

I totally understand you not wanting to post a link, but no one can tell you why your house isn't selling without one.

However, things that would put me off: small garden, no garden, overlooked by neighbours, on-street parking, busy road, noisy location/neighbours, tatty street/area, no schools nearby or schools have poor OFSTED report, poky rooms, poor layout ... I don't know if any of these apply to you apart from the on-street parking (which I would never willingly do again, having had my car damaged by it).

We can't drop the price more than £545k unfortunately

Then you are going to have to accept that no matter how high your moral is, your property might not shift this week, to give you any chance of meeting your eight week deadline.

Have you given ANY thought about what you are going to do, if you get a buyer, and you haven't completed in eight weeks time?

Or are you just looking for people to tell you nice things to make you feel warm any fluffy?

Don't get it. Keeping moral high??? You just mean, 'plus tell me nice things so I don't have to consider a plan b'.

Alright well...chin up?!

Well @AllTheGin84 without even seeing any photos, how can anyone give you tips? It might be perfect but overpriced, it might be fine but a few changes might help, it could be terrible to buyers but you’re so used to it/like it that you can’t see it objectively.

We can’t give you tips or feedback without any information at all.

We can't drop the price more than £545k unfortunately

Then you might just have to accept that your house won't sell....

@RedToothBrush actually as long as we have a buyer we will be ok... it's ok if we don't meet the 8 week deadline. We just need to show that we are in play and have someone!

Oh dear, that will be where the issue is. Too many people expect what they "need" for their house rather than what they can get.

What you need or want has no bearing on the value unless you can afford the time to hold out until someone who really really wants it comes up.

@zafferana Yikes... some of these are probably applicable to us!

Are you sure the agent hadn't said you have to sell?

My house is 4 floors with dicey parking. It would find a buyer, and likely get the ask price, but not as many as a naice executive 4 bed with an in and out drive and a conservatory.

Why can’t you reduce any further? If you’ve lived there for 12 years you are almost certainly trying to sell for a lot more than you paid. Either reduce the price significantly or rent it out instead.

@TSSDNCOP what do you mean - had to sell? Sorry!

ChequersDog Tbf, bought it for £400,000 12 years ago... hasn't gone up that much?

What will you do if you don’t have a buyer in 8 weeks?

I think you need to face the very real possibility that if you cannot come down in price anymore than you have and cannot do anything about parking then you might not shift your house as quickly as you are banking on.

You need a decent plan B.

Ahahaha 145k is not that much. During a period when there was a major price crash and properties around the country are only just recovering their price

(I bought in summer 2007 too. Sold last year. Still for less than I paid in 2007.)

EA saying in the South its free slow

"The South" covers an incredibly large area!! Within which there will be areas that are very slow, and others where properties are in high demand and selling quickly.

There isn't just one housing market, there are hundreds, if not thousands.

I didn’t buy my dream house because it was on a busy road. For me it was often the surrounding neighbours/land that was an issue and not the actual house. Permit parking would be an immediate no for me.

Is that the one with no internal pictures @Bluntness100?

No, there is a house, a sort of grey Georgian town house someone has posted a thread on twice. It's the same price range, three storey, open plan, done up, fresh flowers, no parking, you get the drift, the same as rhe op is saying, but the person who keeps posting it is name changing and saying they are the buyer and asking what people think about it.

How about doing your own viewings? You can add so much more personal info to potential buyers ie telling them about the doors onto the garden, tea on the patio, drinks etc. You can add so much more info as it's your house and you have lived there and can really sell its best features. You can talk about things you've done to the house, things you might have done if you'd stayed. You can talk about the parking. You can give inside info from you actually living there. As opposed to the EA and your house just being another one to sell 'and this is the kitchen' etc. You can talk about the neighbours, neighbourhood etc.
Your love and enthusiasm for your beautiful home can sell your house.

bought it for £400,000 12 years ago... hasn't gone up that much?

Are you having a laugh?!

Prices around here have just recovered to 2007 prices.

Ok, no link. Simple question then.

Find the nearest 4 bed to you on Zoopla that sold most recently - how much did that go for? Was it in a comparable decorative state?

And yes, £145k - more than 25% of the original price - in 12 years with a price crash is usually quite a lot without something changing about the area. Why do you need £145k more than you used to buy a house last time? Can you change anything about that 'need'?

@Bluntness100 mine isn't Georgian, it was built in the 70s. I posted it to MoneySavingExpert, I haven't posted it here.

If you saw it on MSE, please don't post it here. TIA x

Found the Cheltenham house.

It is a 3 bed really. Room off the living surely can't be a bedroom separated from the others by 2 floors.

Kitchen doesn't make sense to me. Why have such a small actual amount of kitchen in such a large room. There's all that dead space.

And garden is not family friendly. And there's no parking.

It is fine. Sure. But for that same price there's a lot of nearby houses with gardens, off street parking and sensible house layout (accepting that "Cheltenham" covers a large area)

Over priced

Look OP, you don’t need £145k profit unless you’ve been using your house as an ATM. You want that profit, chances are you won’t get it.

Just rent it out. It is a shitty time to sell.

Its in Kent, not Cheltenham - although not sure if you are talking about mine or not?