Switch estate agents? When we sold our UK house we were with one agent - initial flurry of interest and then nothing. We got another agent, lowered the asking price by a few £K and it sold within a few weeks.
Getting the original asking price is the key to selling in today's market. Overprice by 10% or more & the house won't sell even if the price gets reduced as people assume there is something wrong with it.
Absolutely. Unrealistic expectations probably cause many lost sales. That is a good reason to ensure that online valuations such as Zoopla are accurate. If you are asking a price just a little lower than that, you have something to justify the price.
My last house sale was similar to their valuation. I have just put my current flat on the market and the agent suggested an asking price that is almost identical to the online valuation. It had been a fair bit lower until I updated the details. That is very important to do.
Seconded. I'd also be interested to know if you've made progress Pixie B?
The rental ad for my house was posted online by the agent on Friday night. The first viewing was on Saturday afternoon. The viewer completed the application form and paid the full deposit during the viewing. She also presented a full pack of references, which are being checked as we speak, and the move in date is pencilled in for this weekend.
25% falls from asking price in London are becoming more mainstream.
Henry Prior a buyers agent tweeted " In this market the buyer decides what a property is worth. The seller gets to decide if it's enough to part with it.
I agreed terms this week on a central London flat first advertised in 2016 at £2.25 million.
The sale is underway. They upped the offer twice, now is met in the middle, almost halfway between asking price and their original offer. So they’re still getting a good deal but it’s more reasonable and we are satisfied. Thanks for all the advice, it really helped does anyone know roughly how long this business takes? We are just letting the solicitors do their thing
If it's a cash buyer very fast, with mortgage funding 1-2 months, if the buyer needs to sell first then 2-6 months or possibly never, plenty of sales fall through.
Whatever you do, do not just "let the solicitors do their thing."
Serial buyer and seller here... it has never taken less than 2 months and longest was 8 months. Each involved me kicking both sides regularly (sometimes daily) to keep them moving. (These were all no chain sales BTW).
Conveyancing is a relatively easy job and so has been deskilled... which means theres little profit in it for the conveyancers. IMHO paying for speedy service makes no difference either.
Just as the end is in sight, you will also be stuck for one piece of paperwork which they didn't tell you about until the night before; takes a week or more to get; and you could have prepared concurrently if they bothered to let you know earlier...
Standard conveyancing in the NW is 6-8 weeks if the buyer has a mortgage guarantee cert and there isn't a chain. With you offering vacant possession, it should be 6 weeks. I'm led to believe it's a smidgen longer than in the south owing to mining reports, etc...
the agents are keen to get it done as they get their commission, but lawyers are the worst. they get paid and have no real interest in doing anything. kick them hard and regularly!