How much to reduce our listing?

[Potaytoe5]

Only had 1 viewing in 3 weeks since we went live, so we decided we might as well drop the price already (annoyingly enough they loved our house, just went with one nearer train station!).
It's quite reasonably priced against other similar houses, but they all seem to be hanging around at the moment.
EA said there's not a lot of buyers and a lot of people told them they can't afford to buy anymore.
Would it be enough to drop it from £215k to £210k to start with, with a view of going to £200k if we still get no viewings?
I don't want to shoot myself in the foot and reduce to much too early. EA said it might be worth going for the lowest we are willing to sell for at the moment, but I am not sure how low we are willing to go really.
House is a standard 3 bed semi, renovated, nothing really 'wrong' with it, so that's not the problem. Nice area, houses usually sell quickly.

Again, not helpful to the OP. Somebody criticising your behaviour or opinions or providing evidence that shows they are factually unsound is not a "personal attack".

Now, can you please stop writing posts to me, that are irrelevant to the thread?

Tomorrow morning we're ignoring the gardener and trimming down the hell of our front garden.
I don't care if we get fewer blooms at this point, as long as it makes the front look neater!

Mmmm we’re FTBs who are looking to buy, we’re going on holidays and would certainly prioritise it if needs be. None of the properties we’ve ever viewed been sold anyway.

Problem on the market nowadays is very poor stock of houses, with unrealistic valuations. There’s absolutely nothing on the rightmove I would put my hard earned cash onto. And yes, we expect prices to be back to pre covid at least. So if someone’s out there looking to upsize from ftb property without adding any extra cash, it’s not going to happen.

Oddly, we have just booked two of seemingly good quality at reasonable prices to view just today. First we have seen in two months.

Imo, anyone putting their house on the market over the next month is serious about moving or desperate, because everyone will be telling them to wait until September.

@KievLoverTwo oh congratulations, will keep fingers crossed for you! We’re still on lookout, been to few viewings over pas 6 months, but houses looked nothing like pictures. At least now we will know what to avoid. Hopefully something suitable will come up, but in a meantime I just want to live my life and go vacay haha

I think that's a really good idea. The first impression when people drive up outside is a huge factor: many will decide between "definite no" or "maybe" before they even come inside. And a negative first impression may colour their view of inside even if it is wonderful inside. Silly I know, as we don't spend much time outside staring at our houses, but much of the psychology behind house purchase decisions isn't logical, with a large proportion of people.

I think it's the higher mortgage rates preventing people from buying. I think reducing £5k now then more after a month is a good plan. Most families don't want to move after September as will want children settled into their school.

Hope the viewings go well, will be interested to hear your thoughts afterwards

I don't think anyone buying now would be able to move by September, unless they were first time buyers moving into a new property, or perhaps a no chain one! Don't solicitors take about 3-4 months on average to sort out all the paperwork?

HTB would be perceived by the bond markets now as "inflationary" and we would have Truss Budget 2 The Sequel (although swap rates went even higher than that AFTER she left and the media were strangely quiet about it?) The government shouldnt be interfering in the housing market to make basic shelter more expensive for ordinary people anyway so good riddance to HTB and lets hope New Build prices start coming down by quite a lot.