Estate agents know their local market inside out, and i would think that their suggestion to lower the asking price is a reflection that the current one is too high for the local market. Have you looked at similar sized properties in the area to see what the asking prices are for those houses and how they compare to your house?
Do the four beds over 200k have new kitchens and bathrooms? If so then the agent has already suggested to you that your property would achieve more if these were done but, quite rightly, that’s not something I would guess you want to do!
How many viewings have you had? What’s been the feedback?
My FMH was on the market for 8 months before we got a decent offer but I did have to reduce the price by 15k.
I was housed but the relief when my FMH was sold was huge, and it draws a line for you both.
Maybe ask another agent round to do a no obligation valuation and if they say lower than it’s current market price then you know your agent is telling the truth.
Yes they do and are achieving around 225000.
I can't afford to do anything to the property at all.
The feedback has mostly been positive and the main reason they don't want it the kitchen and bathroom but these are clearly visible in the brochure.
No one has complained about the price.
If the property is reduced I would never be able to buy a property again.
My ex had the estate agent we are with written into the Consent Order so we couldn't change anyway.
It was valued by three estate agents when we went to mediation 4 years ago and they all valued it the same so I would expect they would be very similar now.