How can I sell my house?

[genny87]

Hello. My house has been on the market for nearly two years. It’s an old property that needs some money spending on it, but it’s well presented etc.

What am I missing? I’m motivated to sell, are there any avenues beyond the traditional route of sale that I should be looking at that could speed up the sale? I’m moving location hence why I’m so keen!

how many viewings have you had in 2 years?

location? what's the price compared to other houses that don't need work? transport links? high st nearby? shops? schools? could be anything.

If you provide more info i can try and help. i'm buying a house that needs a lot of work, was on the market fir 6 months, we were the first to ever make an offer.

The market is not good at the moment, especially for houses that need work as costs are up a lot.

I bought recently and other properties I looked at are now going for auction at really low prices.

If it's been on for two years with no viewings I assume there are serious issues?

If you want to sell, you need to drop the price to an appropriate level for the current market. If your house hasn't sold in two years (and there are no major pieces of info' left out in your OP), it's obviously very over priced. You probably need to drop the price significantly. Otherwise, you could consider an auction but you would probably get a lower price.
Would you consider posting a link?

Price. It’s always price.

2 years?! It’ll be the wrong price.

Any chance of a link?

More than likely it’s price.

if you just want to get rid of it then auctions are probably the quickest way or one of those we buy any house companies but you’ll take a hit in price.

if you post a link you’ll get more help.

And how expensive is it, if it's a really high price there will be a very limited market at the best of times. Get a new valuation?

It’s incredible to me that someone would allow their house to languish on the market for 2 years! The market has got worse over the last 2 years so you have missed an opportunity. Tbh you should have reduced the price drastically by now.

Houses are selling no problem. It will be the price, especially if it needs work.

Can you give it a quick make over or is it more than that?

Couldn’t agree more. You can’t expect it to go for what you had hoped for 2 years ago especially as it needs work and the market has changed.
Drop the price

Please consider dropping the price more than 5% too. Honestly, 5% won't make a dent for most buyers.

A house near me has just sold after 3 years on the market! They reduced the price by 20% though.

Have you changed agents in that time? How many viewings have you had?

Might be worth getting a few agents in for new evaluations, and going that route.

It's always the price.

Sorry but it really is going to be price after two years on the market, unless there’s something else like next door to cliff erosion, next to a sewage treatment plant etc.

Price

New agent, new photos. Floorplan including room measurements. 360 tour. Description of any improvements eg electrics, new boiler. On with local agent, not purple bricks, yopa etc.

Your new listing should be 10 per cent less than the previous listing price.

You might convince yourself you are motivated but if you haven't shifted it in two years, you really aren't. I have my eye on one that has been listed for two years come march, if the seller reduced it from 500 to 475 I would be viewing it like a shot. Until then,.I remain convinced that they are too stubborn to accept current market conditions and have little incentive to be flexible, and that whomever has offered on it had their bank come back saying it is worth less, which is just a waste of my time.

I'm currently buying an old house . It started at well over a million . We agreed £825k . It's big and listed and needs some work .
It's scary but we have enough money to do it . I think the issue is people can't stretch that much and have money left to fix it up so it needs to be reduced heavily .

First listed at 615k now on for 535k. I’ve changed agents in that time. Last reduction was October. I’m being lead by my high street agents on price, but I guess that’s the issue.

A link would help us have a look and see what we can suggest. And yes, over a decade ago I too linked my property to get MN feedback on it so I am not asking for something I didn't do.

We just sold our 'difficult' house in about 3 weeks.
Post a link?

Oof, that is not insignificant.

I think some agents overprice to get the business but a lot of them have also never seen a falling market and are genuinely flummoxed and not catching up on pricing people can now afford. Then they don't want to keep getting you to reduce it cos they feel stupid for not knowing the current value in the first place.

Your Reno costs will have almost doubled in the last three years and savvy buyers will know this.

I am really sorry but that is an upsizers house price and the only people upsizing right now are getting tremendously good value for money.

Is doing the work yourself unfeasible?

I have seen two properties over 375k sell within weeks in the last four months and they were both in absolutely immaculate, up to date condition.

Two. From a price range of 275-475 that covers around 13 different areas.

The problem at £535 is what’s it worth if someone were to refurbish it?

I’ll bet a packet of chocolate biscuits it’s not going to be worth £735, so why would anyone want the risk?

unless it’s in a very desirable street.

a link would help!