Property market - Manchester city centre

[fatandwheezing]

Hopefully this is the right section for this.

Does anyone know if the market is showing signs of picking up in Manchester city centre? We have a flat which we tried to sell last summer to no avail.

[AndyT77]

Try a lower asking price.

Seriously, have a look on the usual property search site, rightmove, findaproperty etc and see how much similar properties are up for, and how long they hang around for.

[DownUnder.]

With my experience of looking at flats at the minute (Liverpool) It seems the market is saturated with them. Have a look on rightmove, findaproperty etc... and have a look. It may well mean cutting your price by £5000-£10000 and cutting your losses if your desperate to move.

[fatandwheezing]

We're have a tennant in as we have moved, but we are probably in negative equity at the moment.

There are a few other flats on rightmove of the same size, in the same block asking for 20 - 25k more than us which I find amazing, as has been said above, the city centre is overrun with blocks of flats.

Ah well, the tennent is just about covering the cost for now - just never wanted to be landlords.

[jdw1234]

fatandwheezing said:

We're have a tennant in as we have moved, but we are probably in negative equity at the moment.

There are a few other flats on rightmove of the same size, in the same block asking for 20 - 25k more than us which I find amazing, as has been said above, the city centre is overrun with blocks of flats.

Ah well, the tennent is just about covering the cost for now - just never wanted to be landlords.

I would tell the agent you are a motivated seller.

He will really be struggling to get a commission.

If he knows you are mroe flexible in price than the dreamers you mention, then he should be keener to show people round your gaff.

Maybe also offer him a higher fee if he sells for over a certain price.

[AndyT77]

If the tenant is reliable and longish term, i'd keep hold of the place, at least until you're out of negative equity.