House not sold yet

[cooperbug]

Just feeling a bit deflated really. We put our house one the market 3 weeks ago and have had 6 viewings, one offer which we were able to negotiate very near to asking price but they pulled out on Monday. They have found something they like better.

Do we just need to be patient or reduce it? Anything else we can do to her more viewings? The phone hasn’t rang since Monday!

It’s a 3 bedroom semi in a nice area, very nicely presented with a garden.

You've done a great job with the presentation; it looks immaculate!

If you're not tied in, I think I'd move agent.
The fact they don't seem to do floor plans as standard (trying to save money?) is such a bad idea in this day and age, plus the fact they've tried to justify it and persuade you it's not needed, just means I'd have lost all confidence in their professionalism.

I'd be going elsewhere and telling them exactly why.

At the same time, I'd be considering the price.
You mig have had 3 valuations or whatever, but you can see that similar houses are cheaper and bigger ones available for your price. Therefore you can see that yours is very much at the upper price end/over priced. This will be a key factor in why you aren't getting more viewings.

Yes, it is very nicely presented. But there is still a ceiling price for everything and it is still a 3 bed where it is and is unlikely to beat the prices of 4 beds.

You can hang on at the price you're asking if you want to. There's nothing to stop you doing that if you're determined to squeeze the last penny out of it....but it may well slow down getting a buyer.

Moving agent and the price are 2 separate issues here. You can do 1 without the other.

How much below was the offer? If you do t want to say exactly, can you say if it was extremely close to the asking price? You clearly accepted it so will go below the asking price, so how about considering marketing it at that price? If you do drop the price, be prepared to go for a credible drop (ie not just £3k) ....it's always disappointing when you realise your property is over-priced and you need to lower price, as then you might not even achieve that fully....but this is the way of property markets. Ultimately depends how urgently you need a buyer, but if you hang on at the current price (regardless of agent) and find in 3 weeks that viewings are slow and/or no decent offers, you really will need to lower price. Be realistic about what 3 beds in your areas (even very nicely presented ones) are getting and don't be too ambitious. You can check Rightmove like we can and see yours is at top of price/over-priced....and all the prospective buyers can see the same.

My first thought was the lack of a floorplan too. You can't guarantee every room has been photographed and the quickest and easiest way to check is to look at a floor plan. For example - if someone is dead keen on a downstairs loo, they don't want to have to scroll through text to find out when a click of a floorplan would do.

Your EAs are very inconsistent OP - they are selling a lot of cheaper and smaller properties than yours with floorplans.

I disagree it's overpriced - at least looking at nearby sold prices on Rightmove it doesn't look overpriced at all, so I would still go with this price if you end up using a different agent. It's immaculately presented and if it's desirable location many people prefer to pay a lot for houses that don't need any work as long as it's done up to their taste, you just need to find somebody who loves the house exactly as it is now...

3 weeks?! It's taken me 5 years so far ... and counting 😩🤬😭

It seems very expensive. I thought property in the NE was a bit cheaper than elsewhere in the country. It's a nice house though.

Thanks for all your comments. Still waiting for the floor plan to be done!

My husband doesn’t want to change the agent just yet but we will probably give it another couple of weeks and if no more interest reduce it.

No don’t give it a couple of weeks, you’re being too generous. I would give them a deadline of Monday. They are not fulfilling their duty as agents.

Remembered about this thread and popped in to see if you have a floorplan and it does!!

How is the process going now?

It is marked as sold on Rightmove.

@sanityisamyth 5 years! What are you selling??

[quote FAQs]@sanityisamyth 5 years! What are you selling??[/quote]

Mid terrace 2 bed cottage but it has lots of problems (right on the main road, no parking, no garden, by a pub etc). I blame the ex-husband for buying it!! Had 2 offers but they both pulled out after a few months. It's been a bloody nightmare. I'm nearing completion and exchange again after sorting out another major problem with it (boundary issues as the deeds aren't right) but I've accepted an offer £15k less than we paid for it in 2006.

There is a floor plan on RM, just hang on a bit longer.

Yes comes up as Sold SSTC on RM so hopefully @cooperbug you’ve had another offer.

Yes we SSTC 10 days ago! It was the day before we had them do the floor plan so I’m glad it’s on there but not needed now 🤞

Your house looks lovely, OP.

However floor plans should IMO always include room sizes. I’d avoid any agent who doesn’t do this as standard - it implies general complacency or cluelessness.

Garden aspect should also be included, esp. if it’s S facing!