Selling a home in Gateshead: how to review your asking price

If your Gateshead home is on the market but you have not received the offer you hoped for, a price review is a chance to look at the evidence. You do not have to guess whether the price is the only issue: ask your agent to explain what has happened and what buyers are saying.

Begin with the activity

Ask how many enquiries and viewings the property has had, over what period, and what feedback was received. An enquiry is not the same as a viewing, and a viewing is not necessarily an offer. Consider whether the timing, access arrangements or information in the advert have made it harder for interested buyers to take the next step.

If a home has had very little interest, review what buyers see in the search results: the main photograph, headline, asking price and key details. If people are viewing but not offering, ask what they liked, what concerned them and which other homes they are considering.

Compare homes that buyers can actually choose

Ask your agent to show you similar properties currently for sale as well as relevant completed-sale evidence where available. Look at location, type, size, condition, tenure and features such as outside space or parking. Check when each comparison was marketed or sold; the market can change.

The government's sold-price search can help identify recorded transactions, but recorded prices are historical and do not tell you the condition or full circumstances of every sale. An asking price elsewhere does not prove what that property will achieve.

Check the advert before changing the price

Look at the first photograph and the full set of images on a phone. Can a buyer understand the layout from the floor plan? Are the room details, tenure and notable features accurate? If work is needed, discuss how to describe it clearly rather than hiding it.

Make viewing arrangements as straightforward as your circumstances allow. Ask the agent to follow up with people who viewed and to share their feedback without presenting guesses as facts.

Decide what you want the next review to achieve

A price change may be sensible when competing homes offer buyers more for a similar amount, or feedback consistently points to price. Equally, the evidence may suggest that better photographs, clearer information or different viewing arrangements should be tried. Ask your agent to explain the proposed change, the reason for it and when you will review the result.

There is no guaranteed reduction that will sell every home or guarantee a particular position on a property portal. Your plans and how quickly you need to move matter too.

Consider the whole offer

When an offer arrives, discuss the buyer's funding, chain and preferred timescale as well as the price. Ask what has been checked and what remains to be confirmed. In England and Wales, an offer does not become legally binding until contracts are exchanged.

Discuss a sale in Gateshead

Explore our Gateshead page or contact 10Homes to talk through your property, the response so far and the options available. A useful recommendation should be based on your home and your circumstances.