Selling a house

Hatch1989

We’ve a house for sale the past month with an auctioneer in a lovely estate just outside Galway city.

house is in great condition and ready to be moved into immediately. Our house has a drive way which many others don’t also.

there are 4/5 houses for sale around same area, however whilst all these house have had bids, our house has had 1 viewing in 5 weeks. One of these houses has gone for €75,000 above asking price in 3 weeks since it first went up. There is bids everyday on the other houses as we’ve rang these estate agents to see what’s happening.

When we met auctioneers before choosing our one, a few expected the house to sell in 4/5 weeks. The house will sell itself attitude and the area.

Auctioneer has asking price €10 €15k more than other similar properties in the area. We are receiving half the viewings on daft than these other houses that went up at the same time 7000 v 3000 is one of many examples of viewing differences, we assume as a result of people filtering the price range. And our house is falling outside these brackets. Potential buyers actually have to place the filter €30,000 more to have our house appear as daft filters increase by €25,000 for each price filter.

does it look desperate if we ask auctioneer to put the house down the 10k 15k so we can at least get people viewing it online?

We believe the price isn’t attracting people in first place.

What should we do?

DFB-D

Drop the price seems to be the obvious move.... Most auctioneers put the asking below expected price to get people bidding.

Be aware the market seems to be turning / stagnating a bit. Might also be a factor.

awec

Low interest? Drop the asking price. It doesn't look desperate at all, I think the opposite is a worse optic (house sitting there for a long time on Daft, not selling and no price movement).

Doesn't necessarily mean you'll end up selling for less, but you will appear in more search results.

Hatch1989

We thought it was a ruthless attitude when he priced it. We would still expect to get 20k more than current asking price like the other houses.

Now it looks to have backfired.

The house isn’t getting viewings let alone bids.

He is texting every 2/3 days telling us about the other similar houses that have bids saying when they go, the under bidders will come to us.

we are contemplating changing estate agent and starting fresh

handlemaster

https://www.boards.ie/discussion/2058250289/selling-a-house

Your asking more than the market us willing to pay. Its not difficult to see what you should do.