me
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Its a never a bad time to sell, If people have the money and they like the house they will buy it. Because of the financial state of the country there are less people who can afford but still enough people who can.
I don't know your financial situation. Maybe you need to sell fast, but if you don't, I suggest you wait a while before thinking about lowering price. In normal times 4 weeks is unusual time, but these days its not really a long time. If your asking price is well over what it should be then that may need to be addressed. A good website to see what has been sold in your area is :
http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm
But please don't listen to Estate Agents. Pretty soon they will ask you to lower the price, like they did to me. They don't care how much they sell your house for as long as its sold. They care about volume. Get a house sold and move to the next one. Also, in my experience they don't do enough to sell due to the sheer amount of homes they sell.
My advice is hold your ground as long as possible (you may be in a financially difficult situation and have to sell or maybe not). Keep the price slightly above the reasonable price in your area so that you have room to haggle. DONT BE PRESSURED BY ESTATE AGENT TO DROP YOUR PRICE UNTIL ITS BEEN ON MARKET FOR A WHILE. You may have to eventually but it should be YOUR DECISION, not their's.
Also, when your contract runs out and the house is still not sold try going to a smaller Agent as they will do more to sell your house as they don't have as many to sell.
Another advice that somebody mentioned is renting rooms in your home. You can rent short-term (ie. 3-month rent) Some people like that idea, some people HATE it. But if you can afford not to I suggest you wait for your house to be sold.
Don't be put off by those who say its a bad time to sell. Yes its not the greatest of times economically but there are people with money who want to buy homes. You have to be patient.
GOOD LUCK and HANG IN THERE!!!!!! |
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Fudgie
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Nope you just picked a shite time to sell.
Why don't you look into renting instead until the market picks up again |
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Ollie
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Hi,where i live some houses have been up for sale since May.
People are not buying in all honesty if you can take it off the market & wait until things pick up.
Good Luck |
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Cool Hal
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Be prepared for the long wait - houses round where I live have been up for sale for over a year
4 weeks is not that long in todays market |
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gilly g
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You have chosen a terrible time for selling. The market is in chaos and no one will give mortgages. If it's something that you'd be looking to sell to a first time buyer then you've got very little chance as first time buyers just aren't buying any more. |
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she knows u
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they might of overpriced it, check out your prices in your area don't be fooled by what estate agents tell you. |
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sweetsue_2k03
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Its a very bad time for selling and your estate agent cant do much about it im afraid. I know many people who haver had their homes on the market for a year or more. 4 weeks is very new on the market. Its very early to think about changing estate agents. Hope all goes well for you |
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justaskin
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I think it might have alot to do with credit crunch etc people just don't want to buy a house at the moment! good luck anyway with it! |
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mike
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now selling a house is no problem just check it out http://www.simple2rent.co.uk |
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jester
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Four weeks is a very short time.
I suggest you assess the price based on experience of houses in your area sold in the last 6 months, then take 10% off due to the credit crunch.
It depends how quick you ewant to sell, but normally give it 6 months before you change estate agents.
Try to be creative and try an open house.
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k
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It's a really bad time for selling.
Draw comfort from this - a house along the road from where I live has been on the market since September 2007, and there has only been 4 viewings. |
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WelshLad
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People have had in their heads that prices will drop further. |
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badwolf_got_suspended
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Well i don't really think 4 weeks is that long a wait i assume you have seen all over the news about this little credit crunch we seem to be having and banks folding left right and centre maybe this could be the reason why.
personally i would wait about another month see what happens, ask you estate agent if maybe the price needs to be dropped.
Also another piece of advice is make sure the house you are selling is in tip top condition, staged well, presentable clutter free, the outside looks welcoming, its amazing how many people think its just a case of putting on some coffee will entice people to part with their cash when the house looks like a bombsite (not that im saying yours is) im just using an example |
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d
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estate agents are working very hard at the moment to avoid getting laid off. I've been looking for a house for months some of the houses i've looked at have been forsale for 18 months. If you want to sell it quick drop the price. |
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RedSnook
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Honey, watch the news. People aren't BUYING houses as banks don't have the money to be GIVING people mortgages. You are not alone!
We are in the run-up to a recession and my friend has been trying to sell her house in Essex (South East England) since January. For the affluent South East this is practically unheard of and a sure sign things are slowing down.
If you need to sell, chances are it wont happen anytime soon so buckle up and think of renting if that's an option for you.
Start watching the news, it may help! |
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BIG D
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Maybe the price needs reviewing. Try this website to see what properties have sold for in your postcode area recently.:
http://www.ourproperty.co.uk/
Then you could look at this website to see if your area is suffering from a significant price reduction spiral :
http://www.propertysnake.co.uk/
Other than that maybe try using more than one agent. It may cost a bit more in fees but if it gets you a sale..... |
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pink hearts3 ♥
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I would contact your agent and push them a bit more as to what is actually happening or alternatively change agents, but remember there is a recession so houses are staying on the market for months, if it has only been 4 weeks then don't worry too much. |
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Snowflake
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mine has been up since February, and we had a few lookers then my estate agent, to save themselves money stopped advertising in the papers, then we had no lookers so I changed them! and we had one looker and she loves it and wants it but has to sell hers first! its the credit crunch thing people are scared to move, I don't see why its only the first Time buyers it effects, and we have to fork out another £350 to get the HIPS report done again in February if we haven't sold! what a rip off. |
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andrew c
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you sound surprised,why would anyone want to buy a house at the moment when it is common knowledge that most property's in the UK are valued at twice their worth. This is the reason why the country is in such a mess at the moment,credit has been thrown at people for the last few years because of the unreal value put on their property's giving everyone including the banks and government the illusion that all was well. WAKE UP Britain ,we are no longer a great nation,no real exports very little industry ,where does the country's money come from. They say for every loser there's a winner so instead of waiting for the recession to bite hard enough and risk losing your home (loser) to someone waiting to buy for next to nothing at auction(winner) it may be a good idea to sell cheaper now and rent for several months and when the market is once again at realistic prices buy again.12% decrease in house prices is just a warning ,once we are deep into recession would anyone be surprised if it was a 20 or 30% decrease in house values or more.This is just the beginning of great hardship for millions after a decade of living smug in our overvalued homes and now it is payback time.Either stay put or sell cheap now and buy even cheaper in the coming months. |
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Aaron
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maybe someone was brutally killed at your house and it is haunted and only you don't know it but the old neighbors who lived in the area before you moved in know of what happened there years ago, that happened to me once |
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