Is anyone on the market but having zero interest?

[rootsandwings89]

We put our house on the market a month ago and only had 1 viewing so far :( our estate agent says the market is very nervous and nothing is moving …. Anyone else in the same boat?

7 weeks? Got told 14. Hope it is 7 though

We just had a chap pop in, he really messed us about 4 years ago. He was quoted 650k for his house and has just been quoted exactly the same...He's not very happy, I did tell him that the flat he wants is also now cheaper. I actually knew him from school and told him to try for the 650 k before they dip lower as very little for sale at present.

Yeah I got told 14 if you rest it and 7 if it’s under offer and that falls through.

That's my understanding - it's to stop EAs gaming the system and manipulating rankings. If the sale has fallen through they're a bit more lenient

How disappointing for this to happen straight away. I do think it's becoming increasingly hard to get sales 'over the line', sadly. I don't blame you for not wanting masses of viewings over the Summer holidays, especially if you were getting very frequent viewings still.

Did he expect it to have gone up in four years in this environment?

It’s all so painful isn’t it. I can’t remember the percentage of sales that fall through but it’s definitely well over 30%. Stressful all round.

Shouldn"t be stressful for people hoping to buy a decently priced house though?

I don’t think a chain breaking is going to be stress free for anyone involved. Our buyers are about to have a baby in September so I’m sure they are now stressed their buyers have pulled out.

Not sure I understand! For a small percentage of people the selling process may not be stressful.

Chains are breaking because houses are overpriced, people can"t get the cheap mortgage debt to pay inflated prices any more, this means house prices have to come down by a lot, overall this is a positive for society although no doubt stressful for individuals relying on a house sale.

No they could have just come Saturday with the other blocks if they was viewing others that day. I didn’t need to be lied too

Pretty sure buyers need they finances in order before even getting to the chain breaking??? We had to prove finances on our last purchase within days of having offer accepted

People can have a mortgage in principle for x amount but if the bank decides that a house is worth less than the offer then they might not get that mortgage if they don't have the LTV ratio needed anymore. Not everyone can or wants to make up a shortfall.

I don't know about that. The Halifax, in its explainer on property chains, gives one of reasons a chain may break as "Rejection of a mortgage application".

https://www.halifax.co.uk/mortgages/help-and-advice/what-is-a-property-chain.html

Oh how weird....we had to provide mortgage in principle certificate, anyway its stressful for whatever reasons the chain breaks

I'm sure they mean a full mortgage application on a specific property rather than one for a mortgage in principle.

Yes, but your lender could still down-value the property, you could change your mind about over-paying, your buyer"s buyer could drop out for any number of reasons related to costs or sentiment towards the market etc.etc. Just because people have their finances in order it doesn"t mean properties are not over-priced!

https://www.readysteadysell.co.uk/house-sale-fall-through-rates-in-the-uk-2025-transparency-report/#s0