House just not selling

[Gorillaandme]

Has anyone sold their house to one of them we buy any house companies and got a good price? Our house has been on the market for 2 months we had a few people view at start but have had no interest in the past 3 weeks and need to move for my husbands job in January. Any suggestions on how to get rid fast and get near to market value?

We rented in the new location whilst we completed the sale - was better than the reduced price they offered even if we rented for 2 years!

I believe on average the “fast sale” companies pay you 80% of your homes value. Less if they can.

But honestly if it’s not selling then it’s not being listed at market value. Currently the market is very slow and there’s anot a lot of demand for houses. Previous potential values aren’t today’s market value. If you need a fast sale you’ll need to drop the price to get people through the door.

I doubt you’d get a ‘good price’ for your house that way.

If your house is not selling then it's the price. That's what it always comes down to. What has the feedback from viewings been? What is the agent saying? What is your local competition and how do you compare price-wise? If you need to be moving in January you simply have to drop the price in order to sell now, in a couple of weeks time new buyers will stop coming onto the market unless they absolutely have to move because people will wait until Christmas, inevitable slow down over holidays etc is past.

There’s a housing crisis. Reduce your price, improve your photos and it will sell.

It is so slow atm, I rarely get emails from agents with new properties, in contrast to a year ago

You’re better off dropping your price and finding what will be right for the market now

They’ll pay you as little as they can. Think 70% is about average.

What about part exchange if you’re looking to buy in the new area?

If you put a Rightmove link on here we can probably help with what to do to sell it...

Consider buying a new build and part exchanging your house - you won't have to worry about selling then.

"If your house is not selling then it's the price" is not a true statement. There will be lots of people on here that cannot sell their property even after dropping the price - unless you're suggesting giving it away? If so it may as well be sold to a 80% of the value companies.

Have you staged your property to sell, is it showing well? Are your kitchen and bathroom up to date, etc? Does the house need work? Today's buyer mostly either doesn't want to be bothered or hasn't the cash.

It's a new build bought 2 years ago with all upgraded kitchen and bathrooms. It's townhouse style over 3 floors with 3 double bedrooms the master being massive with an en suite on the 3rd floor. It is in pristine condition and was valued at £260,000 despite this we listed at £249,950 as needed quick sale. I know the problem is the market saturated by new builds but nothing I can do about that. All feedback from viewings has been positive they have just gone for other houses for various reasons. We cannot drop the price anymore as we need to sell at around £249,950 to be able to afford house in new area.
I think the renting option may be our only way forward. Thank you for suggestions so far.

I’m not bothered about replacing kitchens and bathrooms but I do care about location.

You won’t get close to market value with the house buying companies, they need to make a profit buying these houses. They can’t do that if they’re buying them for a few grand off the market price. You’re better off dropping the price on the open market. How’s the market where you are? 2 months doesn’t seem that long, tbh. Where I am, only the houses in the best areas go within a couple of weeks. The rest seem to take a good 3+ months, especially if it is something there is a lot of (eg, 3 bed new builds or 2 bed Victorian terraces).

What did you buy it for OP? The difficulty as you realise is that nearly new properties are usually surrounded by lots more nearly new / new builds. The people who are looking at your house will be looking at the new builds too - and most people would prefer brand new than nearly new as they can often choose fixtures/ negotiate on other bits and pieces. Also you will have paid a premium which you'll never get back on a sale so soon after purchase, so unless it's a competitive price (I.e. significantly below comparable new builds) it's probably too expensive.

See if your lender will allow you to rent it out and rent in your new area. Then consider dropping the price maybe in the New Year.

Your best off drastically dropping the price as you’ll still get a few ££ more than those we buy any house kind of companies. They tend to give you an offer then drop right at the last minute. Not worth it at all!! Could you post a link?
2 months isn’t a long time either.

I'm guessing that there are similar 'brand new' builds available, even at a higher price where you are? That is tough to work around, tbh, especially if you have already put it on at your lowest price. Time is against you to have a sale concluded by January as well, I'd have thought.

So the options are renting in the new area, or you staying on to sell the house while your DH lives in the new area (poss just Mon-Fri or whatever days he works) if you think the house will sell fairly quickly.

Whenever people post this I always wonder “ is it a townhouse?”
For some reason they are harder to shift, the layout just doesn’t work for some people, especially ones with small children
The buy any house companies will pay under market value unfortunately

Are they still building on the estate? If they are then I think people will always go for brand new where they can choose everything. Also agree the market is slow