Do I need to drop price again and when?

[crackthegg]

House went on 5 weeks ago. Several cancellations. Handful of viewings and no offers.

Dropped 10K from 230K last week.

Lots of houses being reduced in the area.
House over the road was dropped from 215K to 209K and gas say there since November.
Mine has an extension and is quite a lot bigger.
Should I drop again and by how much?

Will it look desperate if I drop again in the next week or so?

I saw your previous thread. It's a perfectly nice house and looks clean and tidy.

I'm afraid it comes down to the price in the current, falling market. People just can't afford the high prices with higher interest rates and lower wages. You don't live in a wealthy area. If you really need to sell, you could give it a couple of weeks at this price and then reduce to 200K. If you don't mind not moving, then hold on for longer.

Back to thread.

Dropped to 220k last week.
Have had first offer today 217K which I accepted. 😁

That's great news. Congratulations.

Yay congratulations! 🥂💐

Hope it goes smoothly, I think you have done well there.

Great news. Hope things the process goes well.

Thank you all. Appreciate the input. 💐

Fantastic OP. You deserve it, just for all the comments that you took on the chin alone!

Fingers crossed for a quick and easy sale.

Great, you're on your way.

Haha, thank you! You do need a thick skin on MN. 😅

I wonder if potential buyer is a dentist. 😉

😂 If so, hopefully they can give your door a lovely smile 😁

😂