Hi all,
I posted here previously as my DM is selling her property and didn't have any viewings. There were some pretty big issues with the estate agent (including fraudulent signatures!) so DM switched to a new EA and re-listed at the start of October. Instant change - quite a few viewings! But no offers.
The problem is that the layout of DM's dormer bungalow is tricky. Downstairs the living room, dining room and kitchen are large, bright and spacious. The bedroom downstairs is decent. Upstairs, there's one very long bedroom which is relatively narrow which has an ensuite. There's another bedroom upstairs which is small and a third "bedroom" upstairs which is also small but contains a boiler so is fine as a study/dressing room etc but not a bedroom. So it's a 3/4 house - but with two good-sized bedrooms, one upstairs and one downstairs. Awkward.
Valued at £295k and listed for that - had quite a few viewings but no offers. Reduced to £285k and had some more viewings but still no offers.
It's now been on the market with the new EA around 6-7 weeks - about 12 viewings but no offers. Feedback seems to have been generally positive. One person said the garden was unsuitable for younger children, and one said they didn't like the upstairs layout. Oh, and one other said that they would want to change a lot so it wouldn't be affordable. Apart from that it's all been "it's a lovely house, we're going to look at others today and will let you know" - and then nothing. I tend to think that when you want a house, you know - so when they say that they're going to get back to the EA I instantly assume it's a no-go. But no useful feedback about why it wasn't for them. Obviously DM leaves the house and lets the EA manage the viewings so it's not as if she's sat there watching them with a beady eye!
For multiple reasons DM is desperate to move asap but can't afford to take much less than the current asking price - could drop to £280k but is reluctant to go lower, not that anyone has offered! I could maybe push her to accept £275k but I'm only 50/50 on that. Multiple EA have valued the house at £285k to £295k so it's not overpriced.
Should we be concerned that there are a reasonable number of viewings and no offers? We are going to be moving too and we would need a 3/4 bedroom house and her layout wouldn't work for us, so I totally get that it's a bit niche. But then if I was a buyer, I wouldn't go and view it because I know it wouldn't be suitable. Presumably if people are viewing, they've seen the dimensions of the bedrooms and the split layout and don't think it's a problem?
Houses locally are selling well even though the market has cooled a bit since the end of Sept so I'm concerned. Do we just wait it out and hope that someone appears who loves it? Everyone else seems to have had a handful of offers once they've had about 10 viewings.
I've suggested to DM that she goes multi-agent from January and rather than picking a big national chain, try a local EA who owns their own EA business. I've got one in mind who seems really good. Other than that, is there anything we can do? We do desperately, desperately need this house sold....
I'll share the link in case there are any words of wisdom www.rightmove.co.uk/properties/114508046#/?channel=RES_BUY