Has the election slowed the market?

[Starlight88]

We put our house on the market over Easter weekend and we've only had 2 viewings. We've gone through Purplebricks as the last time we sold we found the EA to be useless. Anyway, our feedback from both was positive, but one had a property to sell which they still haven't put on the market and the other has said the bedrooms are smaller than they'd like. The purplebricks rep has recommended we reduce by £5k, but we would be losing money spent on the house if we reduce - we're moving much sooner than we'd have expected to and actually love our home, we wouldn't move if we didn't need to relocate.

Is if the market generally or should we be considering reducing this soon?

Which part of the market? Geography and price.

We're just outside Chester, £425k

Sorry, I only track a few postcodes in London, so can't really comment.

But I do also track in the Wirral and friends who are selling around your price point have had no luck after marketing for over 6 months. The top end of Wirral (750+) is also barely shifting during same timeframe.

If there's a link, it won't be due to the election.

London in the specific postcodes I track have definitely stalled due to Brexit but that's due to expected impact on financial centre which won't really be relevant for Chester, I guess.

I have to say a 5K drop on that price is a silly suggestion...it's only a bit more than 1%! If you have overpriced it then surely such a small % reduction will have no impact whatsoever.

Best of luck!

Thank you, I guess we'll just have to stick it out for now and see what happens. We don't need to move urgently, but before April 2018

Don't let it go stale. Either price to sell or take it off the market. Lingering properties are not attractive. People always think they are overpriced or have something major wrong with them.