This time last year we were getting ready to put the house on the market.
January - DIY, painted and declutterred whole house
February - Agent visits, chose one, pictures taken
March - on the market - priced the same as sold prices for similar local properties from 2023/2024
April - no offers
May - reduced price by 10k
June - no offers
July - offer of full asking which fell through, buyer couldn’t get mortgage (no fault of our property)
August - reduced price by further 10k
September - offer of full asking
October - sale progressing
November - chain collapse
December - house off the market due to stress!
We desperately need to move to a bigger house. There’s nothing obvious wrong with our property and it was the cheapest of its size in the area despite not being a project. We are going back on the market in January but I am feeling stressed already. Considering going back on the market for 5k less than previously advertised because I find keeping the (overcrowded) house perfect for viewings stressful, to encourage a faster sale. It would then be 25k less than similar properties sold for previously but clearly house prices have dropped. There are projects on the market for more money. If we reduced any more, we wouldn’t be able to afford the onward purchase which is a big upgrade size wise.
I feel a bit nervous about going back on the market. I already anticipate the stress of viewings and the selling process if we even get that far again, we could well be in the exact same position in another year. Realistically we have to go back on the market as we need to move house.