Online estate agents

[TROOPER88]

Hi
I have a flat for sale and it has been with a conventional agent for 3 months. There have only been a couple of viewings in this time even after the price was dropped by 50k.

It is in a very desirable location but the market has been tough due to the brexit etc

I am contemplating trying one of the online agents; any one got any advice??

It would seem that the essential thing is that they use Rightmove and Zoopla?

Cheers

[TROOPER88]

Hi Chaps
Brilliant advice so far. Thank you.

Ok, I have flipped over 3 flats in the last couple of years and the others have sold in a couple of days max to one of the first to view.

This particular flat was totally refurbished in April/May this year and put straight on the market at 395k.
I know the area extremely well and have in fact just sold the one bed flat under this one.

I don't fall in love with these properties like most people do which results in people believing their own cars and houses are worth more than they actually are.

We reduced it to 350k 6 weeks ago.

I'm a realist and will reduce the price if needed.

There has only been a couple of viewings; both of which love the flat apparently but was out of their budget.

The fact the flat is above commercial will put some people off but would be worth circa 50k more had it not been.

I fortunately can afford to reduce the price and still do ok.

My current agent believes the price is more than realistic and tbh is reluctant to reduce it.

Thoughts??

Reduce to 335k and move onto the next project??

This is the flat in question:

http://www.rightmove.co.uk/property-for-sale/prope...

Many thanks

[TROOPER88]

FrankAbagnale said:

Nice flat, but to me it still seems a little expensive for its situation above a commercial unit - when looking at the "view similar properties" tab on Rightmove it shows you're competing with purpose built developments for the same money or houses for just slightly more money.

With that said, I appreciate that roads next to each other can vary drastically in psf values in that neck of the woods!

Thanks; appreciate your input.

Houses on the road or similar surrounding roads range from 550-1mil

You'd struggle to buy a 2 bed flat in a purpose built block walking dist to Surbiton for under 400

[TROOPER88]

Thanks for your thoughts.

It's a victorian building so the lounge is in keeping with the period.

My 8 year old daughter stays over hence the bedroom colour.

It's a big flat in immaculate condition.

I think I'll reduce it to 335k and make a smaller profit on this one but would be in a good position when buying.

I think after all that has been discussed a high street agent maybe the best option.

[TROOPER88]

Just spoken with EA.

Flat reduced to offers over 330k

If it doesn't sell at this figure I'll rent it out for 6 months.

[TROOPER88]

Justayellowbadge said:

You might want to ask them to remove the reference to an open house on July 16th -hardly helps to advertise it has been sitting on the market a while.

Good point

Thanks