Making offer on rental property

Dummie_2

Hello There

Is there a 'normal' amount that you deduct when making an offer on a rental property like 10% or something?

I mean do agents tell the landlord to advertise for say 1000/mth in the hope of getting offers of say 900/mth?

Thank you for your help.

Dummie

alared

The more the agent can get the bigger his monthly cut.
It won`t do any harm offering 10% less.
They may say no straight away but give it a few days they could well come back to you.
Afterall they don`t want it empty too long.

prudryden

It would depend on how many other potential tenants the LL has. 5% would probably get a green light, but 10% may be pushing it.

lynzpower

the LA of the place we are going to move into ( hopefully) already did the deduction for us when marketing it to us. we tried to play hardball on iot but there was no shift. we saved about 85 pcm on this, and its an excellent deal for location/ property/ etc, a real bargain so we snapped hands off.

Sybarite

Worth a try. I'd offer 10% less then 7.5% then 5%, you might get away with 5%. Remember that the Estate Agent will have a sales target for the week so just depends if it's slow. If this doesn't work you could always ask them to include a utility (water would be easiest). The agent isn't going to waiver any of their admin fees but a 5% reduction on the rent isn't going to make much difference to their monthly %.

Didn't work for me but you might as well try, after all the value of the rental is only what people are prepared to pay (despite whatever the agent may like to tell you it is).

First, ask if the property has been on the market long (you might get a truthful answer lol) notice how many agents' boards are outside, in the same road, or if a block, if there are other obviously empty flats parking spaces etc, it'll give you greater bargaining power if there are as it's all about supply and demand.

Good luck (oh & take photos of everything when you move in)

amyandoli

we went to see a property through a rental agent and he automatically said he'd knock £25 off the rental per month, we didnt even think to ask! obviously must be marked up, so worth a go. good luck x