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tommyboy

What To Offer? 2 Bed In Ascot

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ok found a nice property that i have just viewed

it is on the market for £850 a month

i am in the position to offer 12 months up front and want to negotiate a discount

the ea thinks the owner will only accept £800 min

the owner has just bought the property as an investment, it has been vacant for 3 weeks, and had no firm intrest. he has 1 other property but am unsure if he is morgaged on this property

Market value is around 220 -250 am not sure, dont know how much it was on the market for

i was thinking offering £750, 6 months upfront on a 12 month contract and the balance 6 months into the let

or should i offer the full 12 months upfront???

i would really like to get this place for £700, but dont want to be too cheeky, it is on the market with another agent for 1k a month,

advice please???

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ok found a nice property that i have just viewed

it is on the market for £850 a month

i am in the position to offer 12 months up front and want to negotiate a discount

the ea thinks the owner will only accept £800 min

the owner has just bought the property as an investment, it has been vacant for 3 weeks, and had no firm intrest. he has 1 other property but am unsure if he is morgaged on this property

Market value is around 220 -250 am not sure, dont know how much it was on the market for

i was thinking offering £750, 6 months upfront on a 12 month contract and the balance 6 months into the let

or should i offer the full 12 months upfront???

i would really like to get this place for £700, but dont want to be too cheeky, it is on the market with another agent for 1k a month,

advice please???

Good time of year to be negotiating.

The questions you might want to consider (to establish how strong your position is) are:

What are similar rental prices like in the area?

How many other propeties are on the agents books

how long have other properties been on (if it says "available immediately" they have been on at least 4-8 weeks.

from a land lady perspective,

I look at overall length of rental offered (ie are you a 2-3 year person or a 6monther?

When can you move in? if its immediate - that is attractive.

If I has a property on with another agent at 150pcm I would not want to drop much.

Hope that helps.

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is very similar to this http://www.rightmove.co.uk/viewdetails-902...pa_n=1&tr_t=buy

£250k

rents are vairied

this is on for £975 but has 3 bed and is three bed and alot larger

http://www.rightmove.co.uk/viewdetails-857...a_n=1&tr_t=rent

to compare this is on for £795 , is also 2 bed

http://www.rightmove.co.uk/viewdetails-100...a_n=1&tr_t=rent

Edited by tommyboy

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Hi,

We offered 6 months upfront and signed a years tenancy in return for a 12.5% discount on our property and were happy with that, start low and then work from there.

London Landlady, I hope you do get your "troll" rating removed and you continue posting, your posts have been very interesting and your replies very dignified, good luck.

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Hi,

We offered 6 months upfront and signed a years tenancy in return for a 12.5% discount on our property and were happy with that, start low and then work from there.

London Landlady, I hope you do get your "troll" rating removed and you continue posting, your posts have been very interesting and your replies very dignified, good luck.

Thanks - can you send that remark to teh moderators! or post on teh Troll thread!

I just completely underestimated the strength of feeling here. Also, accidentally made my 1st post in the wrong place! I thought I was replying to page 1 of a discussion - but popped up about page 4!

is very similar to this http://www.rightmove.co.uk/viewdetails-902...pa_n=1&tr_t=buy

£250k

rents are vairied

this is on for £975 but has 3 bed and is three bed and alot larger

http://www.rightmove.co.uk/viewdetails-857...a_n=1&tr_t=rent

to compare this is on for £795 , is also 2 bed

http://www.rightmove.co.uk/viewdetails-100...a_n=1&tr_t=rent

I don't know the area at all so vcan't really comment.

However, I know we all research on-line ( I do) but it could be worth your time popping into the agents in the area and picking up their physical list of properties - as that will maybe give you a better idea of what the level of supply is.

The owner may have put it on with 2 agents at diffent prices to see if she can get a "guaranteed" £850 versus the 1000 with teh other agent.

As I mentioned - when you can move in is very key to her/his decision. If you can move in quickly - that is much more attractive.

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i can move in tomorrow if i wanted

i think i will go in at £700, got nothing to lose, then got up to £750

i will probably leave it if he wants £800, at the end of the day the month that it has not been let he has lost 1/12 of the rent so at £800 which is £60 a month so i think they may accept £750 if i can move in imediatly

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i can move in tomorrow if i wanted

i think i will go in at £700, got nothing to lose, then got up to £750

i will probably leave it if he wants £800, at the end of the day the month that it has not been let he has lost 1/12 of the rent so at £800 which is £60 a month so i think they may accept £750 if i can move in imediatly

It's worth a try.

The only risk you have is if someone else comes along & can offer a little more as you may P*** the owner off if you are too low.

That was why I suggested doing a bit of research to see how strong your position is.

There is nothing to lose - good luck!

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Well done for ignoring the £1500 PCM apartments in Ascot. You say that you can move in tomorrow if you wanted. I have a BTL and i'd rather except less per month than have the property sitting empty. It hasn't come to that yet but I guess it may.

Offer £700, stating that you can offer 6 months up front. The landlord/lady should bite your arm off.If not, still offer £700 but with the full 12 months up front.

Either way, you should definately get a better deal because you are offering to pay up front.

Btw, are you living in Ascot at the moment?

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just spoke to the agent, he said he knows what the answer will be , no

should be getting a call soon

if as i suspect they say no do you think i sould wait a couple of days, let him think it over then go in at £750

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they just got back 2 say no

agent said the landlord would rather it empty than let it for 150 under the asking

am going to offer 750 same terms and say this is my final offer, i dont want to sound desparate so i may wait untill tomorrow

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they just got back 2 say no

agent said the landlord would rather it empty than let it for 150 under

the asking

Well if evidence was ever needed that Agents talk through their @rses that is it folks.......even sorting out a let can be emotional and they know that and hence they try to exploit those emotions if you let them.

If you can indeed get good lets at that price then just say to the agents......well you have my number if the landlord changes his mind and assuming I have not already sorted out another let........

Edited by Catch22

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they just got back 2 say no

agent said the landlord would rather it empty than let it for 150 under the asking

am going to offer 750 same terms and say this is my final offer, i dont want to sound desparate so i may wait untill tomorrow

As I said before - I think you need to know what the competition (as a tennant) is like. Are there loads of empty properties? or very few? How likely is it (in your opinion) that someone else will come along?

For me, round here, November is a dreadful time to try & find a tennant - people usually wait until the New Year.

From the owners point of view - How long has this place been empty?

How much do you want to move in? If you don't care & can find exactly the same thing for teh same price - keep negotiating hard.

it's just a case of understanding your negotiating position.

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As I said before - I think you need to know what the competition (as a tennant) is like. Are there loads of empty properties? or very few? How likely is it (in your opinion) that someone else will come along?

For me, round here, November is a dreadful time to try & find a tennant - people usually wait until the New Year.

From the owners point of view - How long has this place been empty?

How much do you want to move in? If you don't care & can find exactly the same thing for teh same price - keep negotiating hard.

it's just a case of understanding your negotiating position.

well im with the parents for now so can wait a couple of months am in no rush

i will find another property in that time, will put the offer of £750 on the table and leave it there

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well im with the parents for now so can wait a couple of months am in no rush

i will find another property in that time, will put the offer of £750 on the table and leave it there

I must admit, even £850 PCM for a 2 bed house in Ascot is reasonable. But he'd still be mad to leave it empty. If he did pay more than £250k for it as an investment he's made a mistake.

Stick to your guns and offer £750,and leave your contact details if he does change his mind. Let us know how it goes - in a few days of course!

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they have refused 750

they want £800,

have left it with them, am not paying a penny more

12 months up front, imediate let, right before xmas

will have to keep my eye on it and see how long it stays empty

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they have refused 750

they want £800,

have left it with them, am not paying a penny more

12 months up front, imediate let, right before xmas

will have to keep my eye on it and see how long it stays empty

When I was thinking about this again, I wonder if the paying up front is such a greeat idea? It is good from the owner's point of view, but from yours, first you can get the interest on it - so £750x12x5% = 450/2 = £225

Also, if you need anything sorting out or repaired, the owner is more likely to run around if they think the rent may be in jeapardy (?sp)

you could try a final £775 but paid monthly?

just a thought.

You are almost certainly right to back off though.

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  • 301 Brexit, House prices and Summer 2020

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