So, our house has been on the market for almost one year. We are with an online estate agent but as of yet have had no (sensible) offers and viewings are not exactly thick and fast. We originally put it on just under the highest valuation, but knowing that was probably a bit optimistic quickly reduced it by £10K. We reduced the house again 3 weeks ago to by another £10K. We just can't afford to drop it anymore, as we need what little capital we have left in it for the minimum deposit for a new house. And to be honest it's now on at a very competitive rate for similar properties, although admittedly its a two bed cottage at the high end of the price bracket for a 2 bed - due to location, size, standard and character. But it is comparable to similar properties nevertheless. Its also now on for less than what we paid for it 7 years ago.
Since reducing the price we've had 2 viewings (although one generated by someone we know who was looking for a buy to let) and an open house today which generated 2 more viewings - although i suspect neither were that serious and just curious.
I'm at a loss at what more to do. The house is finished to a pretty high standard. Kitchen and bathroom all under 3 years old and tastefully (IMO) done! Despite having an 18 month old son the house is always immaculately presented at viewings (most toys hidden and is presented like photos/how we used to live in it before child came along as target market is young professional couple).
I know the market is slow, and tbh although things in my area are selling, those that are selling in my price bracket do tend to be 3 beds - with the odd exception.
Does anyone have any words of advice to help shift our house. I'm 20weeks with dc2 and we'd really like to be in something bigger by the time he/she comes. I have considered moving to a local estate agent but all the house buyers we know just use rightmove so really i really question the benefit. And having dropped the price means finding the £3000 or so would be hard to find!