1 year in

[user1485851222]

Purchased a house a year ago, moved hundreds of miles from my previous house. Decided to try to sell 1 year in, nothing wrong with the house, I just want to move location, not too far from where I am now. Property is really slow to sell where I am, all types of properties, all different values have been on the market for several months. Getting no viewers, thought about selling to we buy any house companies, but they only offer between 70-80% market value. I'd sell to them but DH doesn't want to lose that much. DH doesn't want to rent house out either. So stalemate, any ideas?

If you’re getting no viewings you need to reduce the price by about 5-10% preferably down to the next Rightmove banding.

Remember that the unscrupulous we buy any house companies will value low and then lower nearer to exchange, knowing you are committed.

If you're willing to take a cut to sell to them why not just reduce the price and sell it that way.

If you want to move and he doesn't then the only option is to persuade him around to your way of thinking.

The only real explanation for no viewers is that the property is too expensive. People tend to blame the market but facts are if somehow you slashed the price in 50% you'd have hundreds of viewers and offers, and you'd conclude the market was red hot. So somewhere inbetween there is a price which does get interest.

If the price of your property has gone down chances are the onward purchase price has also gone down, so if you can afford the move that effect nets itself out.

Too many people are obsessed with their property price and are anchored to it but it in the past and has no relevance now.

For instance I have a friend who could afford to take a hit but has been trying to sell their flat for coming up to 2 years. The reason why it isnt selling is firstly because of the price but secondly psychologically it would seem too embarassing to sell at a loss so the price has been reduced to what she paid for it but no further, it's been like that for 9 months now and seems to be some kind of red line. So the stalemate is really self enforced.

Of course you can bet that she is blaming the market rather than anything else, as if somehow the market owes everyone 10%+ increases every year without fail.

OP, is it on for less than you bought it for?

That's what I would be looking at.

Sell to the buy it now company. I made a loss on my first house, but I never think about it now I've had 30+ years in my forever home.

Reduced it by 15k from valuations

RedHelenB... trust me, I would, unfortunately hubby is adamant he wouldn't...

KievLoverTwo , no we brought a yr ago, spent a fair amount of money on it, but we've put it on for less than the valuation off 3 EA