Any EA's on here?

[Burnthurst187]

It would be great if a current or former EA could give me an insight into this;

A customer puts their house for sale in June and in January it's still for sale. The customer hasn't reduced the price, ever

The house is a perfectly nice house, no obvious negatives

Does there become a point in which an EA would approach a seller and suggest lowering the price?

Surely as an EA you want to turn properties around as fast as possible and get your commission? You don't want properties hanging around, I'd imagine it doesn't reflect too well on yourselves

Not an EA, but sometimes it is the vendor who will not entertain a lower price, thinking that their property is worth what it is up for sale for. I think EAs do value a little high to get the business and when no offers are forthcoming, they have a conversation with the vendor to ascertain how keen and motivated they are to secure a purchaser. But, some vendors are unrealistic and are unwilling to reduce the price. An EA cannot force the vendor to advertise for any less so the property just sits there on the books for months waiting.......!

There's a house on our street like this. Beautiful house but around one hundred thousand overpriced. Sellers are a divorcing couple one of whom doesn't want to sell the house so won't drop the price so I've heard..

some vendors are only testing the water, dare I say timewasters or not in a rush at all.

The houses we’ve seen like that have all been sellers who are testing the waters, don’t need to move and are just waiting to see if they get a good offer.