House on sale 14 day period

[Brightsparks2102]

Hi,

We put our home on the market and it's day 13. We have only had 2 viewings, which took place on day 7, no offers.
Our home is in a desirable area, its a 4 bed extended semi for 350k. Other properties in the area have sold for over this, so we know it's not the pricing. I'm guessing the market is just super slow. Soon as I mentioned to our estate agents that we're thing of pulling out, they later sent two 'viewing' confirmation bookings by email for this weekend.

Should I be suspicious of the timing? If we pull out tomorrow, then we'll be in our 14 day period to immediately remove our property from marketing. But if we wait for these new viewings, then on we'll be in a 12 week tie in period and will need to give 28 day notice. I don't want our property to be on the market for too long as I know the value depreciates in the eyes of others. Plus theres nothing coming onto the market for us to move to. We're thinking of re marketing our home in June/July.

Are you sure it's nothing to do with the price of it? How much did you pay for it, and when?

It's always the price

It’s not always the price. Sometimes it’s the presentation, but yes the market is slow at the moment. A house near us took a year to sell and they made what they were asking for, just took a long time.

If you’re not in a rush, I would take it off and try in June. Interest rates falling will increase interest and your pictures etc will be better in the summer.

It will be the price. A new house to the market at the right price will have buyers falling over themselves to view it within the first 2 weeks.

As far as I’m aware, you could remove the house from the market after the viewings, if they come to nothing, providing you don’t re market it for the rest of the twelve weeks.

It's not always the price, people are being simplistic to say so.

But pulling a property off the market after 13 days is ridiculous in this market, so the estate agent is probably very confused. The viewings aren't necessarily suspicious, it might be that those people had already expressed an interest and the estate agent was in the process of trying to get hold of them to arrange the viewings. Then you made your (weird) threat to remove the house so they made slightly more effort.

Yes, a house sitting on the market for a while loses its shine and makes some people question why it's been on, but you're talking 6+ months in this market not two flipping weeks.

Who is conducting the viewings at the weekend? If it's the EA, I'd say you'll do the viewings yourself. That way you can check out if the people viewing are legit. I'm sure that EAs sometimes send mates so it looks like they are doing something. It's funny how they can suddenly find viewers when you threaten to go elsewhere.

You think the market is "super slow" because you haven't sold after 13 days? You may be in for a lot of disappointment whenever you try and sell.

You’ve only been on the market for 13 days! You need to give it more time as it’s unrealistic to think it likely to be sold in that timeframe.

It happens but not often. If you don’t accept further viewings you were never serious about selling.

If the price is low enough then any house will sell quickly.

Just because other houses in the area have sold at a certain price it doesn't mean your house is worth the same. There are so many things that affect price

That’s obvious but not everyone wants to sell their house at a bargain basement price. There shouldn’t be any need to price it so low you can guarantee a sale within 2 weeks.

Just to add that I had 4 different estate agents giving exactly the same valuation of offers over 350k. They said if I'm in a hurry, which I'm not, then offers over 340k.

The market has normalised itself a bit, I remember selling in early 2006 (before the market went crazy) it took 8 weeks from going on the market to sell, but we sold to one of our first viewings, but they needed to sell theirs.
Yea it's not the red hot market of 2021, but buying in that market was horrid. No time to really consider if a property was right.