Is anyone else finding it really hard to sell at the moment?

[mumblechum1]

Just that really. Been on market 5 weeks, a bit of interest in 1st week and nothing at all since.

Agent just says it's like a light has been switched off throughout SE due to new mortgage requirements and media talk of interest rate rises, but I am quite concerned now.

Is it just us or is anyone else getting 0 viewers?

Very slow here too, especially at the upper end of the market. Cheaper properties, especially doer-uppers, are moving quite briskly if correctly priced but the more expensive stuff is slooooowwww.

OP hang on in there, you really haven't been on the market very long.

OP I can't remember what price you are on at? Our agent advised us to line our price up with the search bands on rightmove eg price at £500k on the nose not £499k as that way you make sure you're getting picked up by searches up to £500k and from £500k. Also be careful around stamp duty thresholds, you need to be either at/on the threshold or well clear of it. Hth.

A lot of properties have been overpriced though. The market won't sustain this. If you are serious about a sale, reduce your price. There are now lots of price reductions in London (at both low and high end) The market has topped out and people can't get the mortgages they thought they could anymore.

see, I have a problem with the word "overpriced"
How is it defined?
It used to be 3 1/2 times income. It seems to have been a 5 times income for 20 years?

So what was a person supposed to do in the last 20 years. Declare a house overpriced and not buy!?

Ok calm down. It's just a word. I meant overpriced in current climate, compared to what is selling. And I'm not even saying that the OP's house is definitely overpriced. Just something to consider, if her house isn't selling whilst others similar to hers have been. Can't even compare it to prices achieved a few months ago: the feeding frenzy is over. I'm now getting EAs on the phone begging me to view houses whereas literally two months ago, they held open days only and you had to fight to get in. I'm more than surprised at how quickly that changed.

www.bbc.co.uk/news/business-28243274

Glad you qualified the word.

Setting: I hope I'm clearer now. I hope you know I wasn't trying to start a bunfight. :)

I am in SE and agent has said it has slowed sharply. I sold to first person through door in april full asking blah blah and it fell through 3 weeks ago when he couldn't get the mortgage originally agreed after the new checks came in. I put it back on and sold again immediately but went for a cash buyer as mortages starting to get tricky again. Think the big boom is over and the market def turning

No problem Apatite1

We sold a few months ago in the West Midlands - had 12 viewings in 24hrs & 4 offers. Sold just over asking price to cash buyers. It's not true that's it's just London selling well. I see houses round here with sold signs going up within a few weeks of going up for sale.?

Where I live near Aberdeen properties are still selling quickly except top of market (£700k plus) which tend to stick around a bit longer. I've heard of houses going for 20% over asking ( and not particularly amazing houses) but there is a definite 'oil bubble' effect up here