Is it advisable to change Auctioneers?

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mailiam

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I am currently trying to sell a property and it has been on the market for a year.
There has been around ten viewings but no offer yet. We have dropped the asking price twice but still no one offer.
The agent has good photos on their website and Daft. Some people have said I should move to another auctioneer but I am thinking it may not make any difference as when anyone is looking to buy a property nowadays they go to Daft so one auctioneer will not be any different than another.
Has anyone experienced this before and what would you advise?
I would like to sell as I am about to retire.
 
mailiam said:
I am currently trying to sell a property and it has been on the market for a year.
There has been around ten viewings but no offer yet. We have dropped the asking price twice but still no one offer.
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Underlying property prices have risen about ten per cent over the last year.

Your house is either way overpriced or there is something obviously wrong with it.

A reboot with a different estate agent is probably no harm though.
 
It's very odd that a property is on the market for a year and attracts so few viewings. What is the estate agent saying about it?

It might be more suitable as an investment property, but if the rent was low, investors might not be interested in it.

If owner occupiers see it as an investment property, they might not be that interested in it.

A new estate agent with new energy might take a different approach.
 
If there were 10 viewings, it is not necessarily overpriced for the area. There must have been something on the inside that turned viewers off. What is the inside condition like, relative to other houses in the area, selling around the same price? Are there any smells, bad diy, broken furniture, evidence of damp, evidence of too many pets, noises, or untidy neighbour's gardens? Amazing what can turn off buyers.
 
Is it currently rented and currently tenanted?

Where on the Country is it?

Is it an apt or house?

If apt, is there any issues with Fire certificate?
 
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Tadaima said:
If there were 10 viewings, it is not necessarily overpriced for the area. There must have been something on the inside that turned viewers off. What is the inside condition like, relative to other houses in the area, selling around the same price? Are there any smells, bad diy, broken furniture, evidence of damp, evidence of too many pets, noises, or untidy neighbour's gardens? Amazing what can turn off buyers.
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10 viewings in a year is tiny. The price must be wrong.
 
Depends on where it is. I had only 3 viewings in 5 months. Agree, the price was slightly too high, but the area just does not have many buyers. Rural. Very scenic but few services and not much employment.
 
mailiam said:
I am currently trying to sell a property and it has been on the market for a year.
There has been around ten viewings but no offer yet. We have dropped the asking price twice but still no one offer.
The agent has good photos on their website and Daft. Some people have said I should move to another auctioneer but I am thinking it may not make any difference as when anyone is looking to buy a property nowadays they go to Daft so one auctioneer will not be any different than another.
Has anyone experienced this before and what would you advise?
I would like to sell as I am about to retire.
Click to expand...
Either the price is too high or there is a problem with it. On a UK website people like you put up a link to find out what’s wrong. Some them were horrific. Bad photos, problems like parking, unmade beds, weird wall colours, bad layouts etc etc

What advice has your auctioneer offered ?
 
Nothing to lose by taking it off the market for a few weeks and relisting with new photos in January.

If people see its on the market for several months they tend to think there's an issue.
 
Check the T&C of your current contract. There may be a stipulation that if you sell within a certain timeframe that they earn fees.
 
misemoi said:
Check the T&C of your current contract. There may be a stipulation that if you sell within a certain timeframe that they earn fees.
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Yeah, often 6 months. Sell within that time frame and both agents get paid!
 
peemac said:
Nothing to lose by taking it off the market for a few weeks and relisting with new photos in January.

If people see its on the market for several months they tend to think there's an issue.
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Might also be a good opportunity to fix any issues. Tidy the place up, do a clear out putting items into storage to make it less cluttered, maybe paint some walls, tidy the garden
 
Take it off the market, thoroughly clean and fix it up a bit - nothing wild, just repaint and tidy up anything unsightly.
Reset your expectations with regards to price - if you price it too high you won't get viewers or offers.

Would definitely consider putting back on market after 6 months with a different auctioneer.

Had a friend in rural Cork who put her house on the market at well above market price with an agent outside of Cork. Needless to say it didn't sell, and it was in pristine condition and had some upgrades.
She eventually switched to a nearby agent, reset her expectations with regard to price and put it back on the market at 20k less. It sold within weeks.
 
Leo said:
Yeah, often 6 months. Sell within that time frame and both agents get paid!
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I suspect this is difficult to enforce but still it's a worry to have hanging around.

Last time I was selling I negotiated this period down to three months. Rationale was that if the estate agent was completely incompetent I would be able to get out and reboot with another estate agent quickly.
 
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