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Annie

Possibly Another Silly Question

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A lot of the rental properties we're looking at on Rightmove have been up to let for a long time. Would it be normal to make an offer on the asking rental price or is that not a done thing?

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A lot of the rental properties we're looking at on Rightmove have been up to let for a long time. Would it be normal to make an offer on the asking rental price or is that not a done thing?

Why not make a few low offers on some that you don't like, then see what happens.

I'd be mighty peeved as an owner of a languishing property if the agent failed to pass on an offer which might save me a lot of uncertainty in the future.

Think about it. Offering about 20% below on a 6 month rental might save the owner an extra month without the rent being paid. 6 months at 80% isn't far off 5 months at 100%.

Are you dealing through an agent?

btp

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A lot of the rental properties we're looking at on Rightmove have been up to let for a long time. Would it be normal to make an offer on the asking rental price or is that not a done thing?

Perfectly reasonable to negotiate. I'm moving into a new place in April and have agreed a rent £15 pw lower than they were initially asking. Might have got more if I'd been stubborn but I like the place and the landlords seem decent and we are their first tenants. We are good tenants with good references so it works for them too.

Interestingly, a couple of places we didn't like have dropped their rents as they found no tenants. Another flat where the landlords refuse all negotiation remains empty.

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It would be odd not to negotiate. Most people try to haggle (don't they?) but it just depends on supply and demand. Nice place, new on market, priced right will probably go for full asking. Something not so nice, hanging around and overpriced will probably go for less than asking or just hand around.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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