We are in the south east and have we been on the market for ten weeks with what we thought would be an easy house to sell. We had an early offer that fell through and now we are back on with a 5% drop in price. We have had hardly any viewings for six weeks and no further offers - is it the market, are others struggling to sell at the moment?
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Twiglets1 · 06/09/2023 05:56
Can’t be arsed to read the whole thread again for this nugget so do tell - what is an integrated wine conditioner?
DepartureLounge · 06/09/2023 01:31
Goodness knows why this thread has been resuscitated, but thank god it was or I would never have found out what an integrated wine conditioner was.
Evenstar · 06/09/2023 18:57
@usertaken that was the third reduction and very recent. The total reduction is well over 10% of the asking price and it really does compare favourably with other properties on Rightmove. Mine offers an extra bedroom and a garage compared to others in the same price bracket.
Evenstar · 06/09/2023 09:44
@Twiglets1 I am currently considering whether to change agents or even possibly rent it out for a few years until things improve. I honestly think it is very well priced now for a four bedroom house in an area where houses have sold quickly even after the crash of 2008.
I think the problem is affordability and many people are choosing not to move because of that, they can’t take advantage of the fall in prices because of the hike in mortgage rates. I think unfortunately larger houses have been disproportionately impacted.
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