Loo-
I feel your pain. We've had a similar housing market here where everything is slow. Slow. Slow. To make matters worse, my house is by far the largest house in the neighborhood, which actually makes it a slow sell even in a good market. So it was slow on top of slow. After a year of nothing but a single, insulting offer, I decided to rent it out instead. Honestly, I wish I'd waited longer and just sold it -- even to a cheeky offer -- just so that I could be free of the hassle. My advice: if you can make it work financially, take the offer (or give a very reasonable counter-offer if that's typical in the UK like it is here). You are better to cut your losses. Also, houses tend to deteriorate when left vacant too long, so that is something to consider as well. Add up your costs for the past 12 months and use that as your guiding mark. Even if you don't get the full amount you want from the sale, you will be saving yourself those expenses in the future.
