Being stuck waiting for a buyer to put an offer in on your house is an awkward position to be in - particularly if you needed a quick sale.
Whatever the reason for putting your house on the market, asking prices can be chosen for a number of personal reasons.
Whether you need a certain amount for your next purchase or want to get a fair price based on what you paid, it's not easy putting a figure on your home.
However, in one Merseyside postcode, sellers are slashing their house prices to try and get a sale.
Professional house buying firm Property Solvers revealed the area where home sellers are reducing their prices the most - and it's a serious price cut.
Figures revealed L29 is the postcode where prices were slashed most dramatically over the last 12 months.
The area covers Lunt and Sefton Village, and sellers in this area dropped their asking prices by an average of £17,750 to secure a sale.
Tracking 1,133 property transactions between June 2018 and June 2019, the figures show the average difference between asking prices on Rightmove and their actual sold prices lodged at the HM Land Registry.
The data captures the entire house sale process from initial listing, viewings, negotiation, offers, agreement through to the survey process, conveyancing, exchange and finally completion.
However, due to the small number of house sales in the area , the data only captures two sellers who knocked an average of £17,750 from the initial asking price.
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In the L37 postcode, 38 sellers dropped their asking prices by an average of £10,439.
Across the rest of Liverpool, homeowners reduced their asking prices by an average of £5,894 over the last 12 months.
