Anyone stuck because their house won't sell?
#1
Forum Regular
Thread Starter
Joined: Jun 2010
Location: Ajax, Ont
Posts: 277
Anyone stuck because their house won't sell?
In October, it will be 2 years since my husband got his spouse visa. He landed and came back. Our house has been for sale for 18 months. After three agents, over 100 viewings and two buyers backing out, we're fairly fed up. Having your house for sale when you've got 3 little kids is a special kind of hell. We've been told too many renter horror stories to consider renting it out. Is anyone else stuck because their house won't sell? Has anyone given up their plan to move because their house won't sell?
#2
Re: Anyone stuck because their house won't sell?
that sounds like misery to me. I dont know what you financial situation is but if it was a choice between dropping the price to where it will more likely sell or hanging onto it and giving up my moving plans, I would drop the price.
BUT it depends on so much (naturally)
Good luck
BUT it depends on so much (naturally)
Good luck
#3
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Joined: Jul 2012
Location: Abernethy, Perthshire, Scotland
Posts: 68
Re: Anyone stuck because their house won't sell?
Oh no that's a major worry for me too - we are at the very beginning of the process however houses in our village are not selling at all. I hope you get a buyer soon x
#4
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Thread Starter
Joined: Jun 2010
Location: Ajax, Ont
Posts: 277
Re: Anyone stuck because their house won't sell?
We have dropped the price. Twice! And then accepted an offer lower than that. We can't drop it anymore. We've actually just taken it off the market for the summer. It's just too difficult with the kids home from school all day. They spent last summer with the house for sale which meant no messes, not many outings etc. We're going to to a bit more work on the house (although all the agents we've spoken to advised against it) and relist in a few weeks.
#5
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Joined: Jan 2007
Posts: 2,404
Re: Anyone stuck because their house won't sell?
If your house isnt selling, its because it's priced too high. Simple as.
I'd also get a different estate agents. 100 viewings is ridiculous. They should only be letting people view the property who are in a position to buy.
I'd also get a different estate agents. 100 viewings is ridiculous. They should only be letting people view the property who are in a position to buy.
#6
Re: Anyone stuck because their house won't sell?
We have dropped the price. Twice! And then accepted an offer lower than that. We can't drop it anymore. We've actually just taken it off the market for the summer. It's just too difficult with the kids home from school all day. They spent last summer with the house for sale which meant no messes, not many outings etc. We're going to to a bit more work on the house (although all the agents we've spoken to advised against it) and relist in a few weeks.
#7
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Joined: Feb 2012
Location: Red Deer, Alberta
Posts: 243
Re: Anyone stuck because their house won't sell?
I feel for you our house sale took longer than we thought it would although no where near 18 months. We went on the market end of January and only had in total 4 viewings, it was incredibly worrying. Fortunately we are now a week from exchange and ended up with no chain buyers.
We did have to drop the price by a total of £15K though.
Good luck x x
We did have to drop the price by a total of £15K though.
Good luck x x
#8
Every day's a school day
Joined: Jan 2005
Location: Was Calgary back in Edmonton again !!
Posts: 2,667
Re: Anyone stuck because their house won't sell?
ever considered renting the house in the interim until it sells?
#9
Re: Anyone stuck because their house won't sell?
Took us nearly 8 months back in 2007, just as the market started to dip to secure a buyer and complete. I feel your pain.
#10
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Joined: Jan 2009
Location: Puglia, Umbria and London
Posts: 864
Re: Anyone stuck because their house won't sell?
I feel for you, our house here in Puglia has been on the market for two years! Only two unacceptable offers, (the first half-hearted and not a serious one, the second wanted to buy the house on installments!), less than a dozen viewings. We are painting the house inside and out, have created a pleasant garden from the vegetable patch and generally doing our best to make it a good value, ready to move into property when we put it into the hands of a third estate agent soon. The previous two were hopeless. We are going to ask the estate agent to value it realistically and be prepared to drop the price. We are in our 60s/70s so really need to get on with our plans to return to the UK. I know what you mean by that special hell of living in a for sale property, we have overheard viewers say they can only afford "x" amount, so why do estate agents waste our time by bringing them along. Good luck, I have read many comments from the forum saying that every house sells, it's just a question of price, but there are also other factors, the economic crisis being one, it's hard to get a mortgage here and property isn't shifting because there are no cash buyers.
#11
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Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Re: Anyone stuck because their house won't sell?
Have you considered selling it yourself rather than going through yet another agent? You could then reduce the price taking into account the amount of estate agent fee's you would save. You could also 'vet' the people prior to showing the house.
When I sold my first house it was on the market for 2 years - like you I had over 100 viewings and 2 failed sales (one pulled out 3 days before exchange). I swear the etate agents were just going through the motions after the first 3 months.
In the end I sold it myself (privately) to the first person who viewed it... partly because I had a vested interest in selling it, knew all about it and the area and was able to answer all questions.
My second house was listed with an estate agent, I did a 'mystery shop' whilst my rep was out of the office, enquired as to if they had any 4 bedroom houses in the specific area and they said no. I went ballistic and cancelled my contract with them.
http://www.mypropertyforsale.co.uk/
http://www.houseladder.co.uk
http://www.houseweb.co.uk
When I sold my first house it was on the market for 2 years - like you I had over 100 viewings and 2 failed sales (one pulled out 3 days before exchange). I swear the etate agents were just going through the motions after the first 3 months.
In the end I sold it myself (privately) to the first person who viewed it... partly because I had a vested interest in selling it, knew all about it and the area and was able to answer all questions.
My second house was listed with an estate agent, I did a 'mystery shop' whilst my rep was out of the office, enquired as to if they had any 4 bedroom houses in the specific area and they said no. I went ballistic and cancelled my contract with them.
http://www.mypropertyforsale.co.uk/
http://www.houseladder.co.uk
http://www.houseweb.co.uk
#12
Joined: Sep 2008
Posts: 12,830
Re: Anyone stuck because their house won't sell?
My house took a while to sell, moved here anyway and left it with the agent to handle. Eventually it sold, I took much less than originally wanted, but it let me move on and put that chapter behind me. It seems like a blip in time now, the extra 10% or so price cut a drop in the bucket (although it did not seem like it at the time). That was nearly 20 years ago.
#13
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Joined: Jun 2011
Posts: 1,746
Re: Anyone stuck because their house won't sell?
We put our house on the market when there was a chance of us getting our TWP but we couldn't sell it. We dropped the price quite significantly but it still didn't sell (brand new estate and several for sale at the same time and none sold - still haven't as I keep my eye on rightmove).
We rented it out. I went to 3 agencies - only 1 I trusted to rent it out for me. They are great.
Not the situation I wanted but certainly wasn't prepared to let a house stop us moving to Canada! Tough choice and stressful - yes - but worth it...
We rented it out. I went to 3 agencies - only 1 I trusted to rent it out for me. They are great.
Not the situation I wanted but certainly wasn't prepared to let a house stop us moving to Canada! Tough choice and stressful - yes - but worth it...
#15
Re: Anyone stuck because their house won't sell?
I know more people who are unhappy they can't sell their house than people who are unhappy with renters.
Rent it for 12 months. Make sure you meet the renters before agreeing though. Go through an agency for peace of mind.
Either that or lower your price more to sell.
Or
Stay where you are for a while.
Luckily the PR status will not run out and you don't have to meet the 2 out of 5 years stipulation so your deadline is a personal one, not process driven.
Rent it for 12 months. Make sure you meet the renters before agreeing though. Go through an agency for peace of mind.
Either that or lower your price more to sell.
Or
Stay where you are for a while.
Luckily the PR status will not run out and you don't have to meet the 2 out of 5 years stipulation so your deadline is a personal one, not process driven.