To want asking price for our house

[Franklbaum]

Or at least extremely close to it.
There are two very similar houses for sale in our road for 25k and 50k more than ours. We've recently reduced our price and have had offers 25k and 20k under the new asking price.

We're currently on for 499,999

Impossible to say without seeing your house or comparing it to the others.

Your house is only worth what someone is willing to pay for it. Have you had a lot of interest?

When we listed we had a minimum we could accept in order to have a sufficient budget for the next house.

There were two identical properties on our street for sale at the price we needed but in much worse condition.

We listed at the same price, as if anyone wanted to look at one they'd look at all. But we put OIEO which Id never liked beforehand.

It worked absoutley and we got another 10% On top.

It secured viewings.

How similar are the houses?

Depends how long you're prepared to wait for a sale.

Are the other two houses for sale comparable to yours, have they done any extra work? Any extensions etc?

It all depends on what buyers are looking for. I’ve seen properties with new kitchen and bathrooms and a higher asking price but they haven’t been done in a style I like so if I bought I would rip them out and replace with a style I liked. Therefore I would be making a much lower offer.

A house is only worth what someone is prepared to pay so I guess time will tell. I guess those offering on yours have also looked at the other 2 houses in the road and deemed them not worth the money either. If you have time then wait it out.

No. But no one has to pay it either.

If you’re happy to wait, wait.

Percentage wise those weren't bad offers tbh.

It’s irrelevant what other houses sold for. Your house is only worth what someone will pay for it. I suppose you have to ask yourself how long you want to hold out for, how much you want to move and how many houses you want to miss out on, whilst waiting for your asking price.

I would have accepted the £20k off offer - it's only 4%. The others in your road at higher prices are still for sale because they are probably too high.

YANBU to want your asking price, but you will have to wait for someone to want to pay that amount won't you!

Are you time pressured to sell or can you take as long as it needs?

Worth chatting to the estate agent if you've been on for a while.
When our house had been on the market for a while, we noticed a couple of extremely similar houses on with the same agent for rather less. We asked, and they said they'd priced ours on the assumption that prices were rising (often the case at that time of year), but prices had not risen as much as they'd expected; if they'd been valuing ours at this point, they'd have said less.