Haggling when renting?
Discussion
Hello, i'm in the process of looking for a new flat in Leeds and s i'm working to a budget and i'm looking for ways to save.I was wondering when renting is it the done thing to make an offer? Do agents have the authority to negotiate on price?
If so how much have you managed to save?
Cheers
If so how much have you managed to save?
Cheers
Always worth a cheeky offer, especially if the property has been empty for a while.
However if in a bouyant market with short supply, forget it. Where I live, letting agents 'encourage' prospective tenants to offer over the asking.
I got £200 off £1200 asking, but that's because I'm a tight b
d, and it was a while ago.
However if in a bouyant market with short supply, forget it. Where I live, letting agents 'encourage' prospective tenants to offer over the asking.
I got £200 off £1200 asking, but that's because I'm a tight b
d, and it was a while ago.Davel said:
You could offer six-months up front and ask for a discount for doing so.
It depends on what interest the Landlord has and how long it has been empty - and what else is up for rental in the area.
The worst that they can do is say no.
Not a problem if you have the history / references to back you up, but a lot of LL run a mile if someone offers 6 months in advance - classic tactic of tenants who like to turn your attic into a industrial green house ;-) It depends on what interest the Landlord has and how long it has been empty - and what else is up for rental in the area.
The worst that they can do is say no.
Back to original question - of course you can haggle. Most landlords will take a reliable tenant at lower rate than a risky tenant at asking price - simply to much to lose if you get a bad tenant. If you have good references, use them to your advantage
thekingisdead said:
Not a problem if you have the history / references to back you up, but a lot of LL run a mile if someone offers 6 months in advance - classic tactic of tenants who like to turn your attic into a industrial green house ;-)
Back to original question - of course you can haggle. Most landlords will take a reliable tenant at lower rate than a risky tenant at asking price - simply to much to lose if you get a bad tenant. If you have good references, use them to your advantage
Really? Not sure I understand that.Back to original question - of course you can haggle. Most landlords will take a reliable tenant at lower rate than a risky tenant at asking price - simply to much to lose if you get a bad tenant. If you have good references, use them to your advantage
I'm renting at the minute. One year with a 6 month break clause. Landlord hasn't been near the place for the year.
Why would me paying 6 months up front change anything?
If a landlord refuses a sensible offer, ask him to consider how long it would take him to make up the loss of a month's rent, say, if he needs to hold out that long until a tenant paying the full price emerges.
This is why, as a landlord, I am very willing to negotiate a reduction (for the right tenant) if a house hasn't let quickly.
HTH
This is why, as a landlord, I am very willing to negotiate a reduction (for the right tenant) if a house hasn't let quickly.
HTH
If a prospective tenant wants to haggle, fine, but I'll not be giving a discount.
In short, my properties are fairly priced, and well fitted out. That means they are worth what's asked for them. Hence I don't say yes to discounts. Some landlords I know however do price in £50pcm wiggle room into their listings, I'm just not one of them.
Another difference is there isn't any debt on any of mine, so not under any pressure to have them filled. One old saying I've leaned the hard way in the past to be absolutely correct, is 'better an empty house than a bad tenant' No exceptions.
Speaking as a landlord, the right tenant always comes along eventually. It's when you take the first one that offers you money that you get problems.
In short, my properties are fairly priced, and well fitted out. That means they are worth what's asked for them. Hence I don't say yes to discounts. Some landlords I know however do price in £50pcm wiggle room into their listings, I'm just not one of them.
Another difference is there isn't any debt on any of mine, so not under any pressure to have them filled. One old saying I've leaned the hard way in the past to be absolutely correct, is 'better an empty house than a bad tenant' No exceptions.
Speaking as a landlord, the right tenant always comes along eventually. It's when you take the first one that offers you money that you get problems.
Opara said:
Hello, i'm in the process of looking for a new flat in Leeds and s i'm working to a budget and i'm looking for ways to save.I was wondering when renting is it the done thing to make an offer? Do agents have the authority to negotiate on price?
If so how much have you managed to save?
Cheers
Whereabouts in Leeds. I'm in Clarence Dock and it was pretty easy to haggle with most of the agencies we talked too. If so how much have you managed to save?
Cheers
Chainguy said:
If a prospective tenant wants to haggle, fine, but I'll not be giving a discount.
In short, my properties are fairly priced, and well fitted out. That means they are worth what's asked for them. Hence I don't say yes to discounts. Some landlords I know however do price in £50pcm wiggle room into their listings, I'm just not one of them.
Another difference is there isn't any debt on any of mine, so not under any pressure to have them filled. One old saying I've leaned the hard way in the past to be absolutely correct, is 'better an empty house than a bad tenant' No exceptions.
Speaking as a landlord, the right tenant always comes along eventually. It's when you take the first one that offers you money that you get problems.
Not sure I understand your reasoning. An empty house or a bad tenant aren't the only options and just because there's no debt on your houses doesn't mean that reducing your monthly rental and renting quicker won't make you more money. In short, my properties are fairly priced, and well fitted out. That means they are worth what's asked for them. Hence I don't say yes to discounts. Some landlords I know however do price in £50pcm wiggle room into their listings, I'm just not one of them.
Another difference is there isn't any debt on any of mine, so not under any pressure to have them filled. One old saying I've leaned the hard way in the past to be absolutely correct, is 'better an empty house than a bad tenant' No exceptions.
Speaking as a landlord, the right tenant always comes along eventually. It's when you take the first one that offers you money that you get problems.
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