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Did anyone ever asked their landlord if they want to sell?
afm_2
Posts: 698 Forumite
Hello Everyone,
this might be an odd question but I live in a rented property and I am looking to buy a property in the next couple of months. I have already viewed many houses but I can't find any comprise of price/property that makes me feel I am getting better value than in a property like the one I am living in at the moment. There aren't any properties like this one for sale and I was wondering if it is ok (or normal) to ask your landlord if he wants wants to sell. Does anyone do that? If so, does anyone have any suggestions of how to start a "conversation" with you landlord to ask him that?
I have no idea if he is interested in selling and I don't want to be rude or something.
I know he's the owner of the estate agent that we deal with to pay rent etc, and I know he owns many many properties in the area. So it is not like our previous landlord that was buying one property for each child. This landlord buys "in bulk" it seems
anyway, just trying to give you an idea of what kind of landlord he is.
I would really love to "hear" your thoughts on this.
Thank you!
this might be an odd question but I live in a rented property and I am looking to buy a property in the next couple of months. I have already viewed many houses but I can't find any comprise of price/property that makes me feel I am getting better value than in a property like the one I am living in at the moment. There aren't any properties like this one for sale and I was wondering if it is ok (or normal) to ask your landlord if he wants wants to sell. Does anyone do that? If so, does anyone have any suggestions of how to start a "conversation" with you landlord to ask him that?
I have no idea if he is interested in selling and I don't want to be rude or something.
I know he's the owner of the estate agent that we deal with to pay rent etc, and I know he owns many many properties in the area. So it is not like our previous landlord that was buying one property for each child. This landlord buys "in bulk" it seems
anyway, just trying to give you an idea of what kind of landlord he is.I would really love to "hear" your thoughts on this.
Thank you!
Goal: Win a car (or cash to buy one )! -- Haha goal from when I was a student. Never actually won this but got a good job instead.
What I achieved:
Car paid in full straightaway.
Two properties fully paid. Wohhoooo!
)! -- Haha goal from when I was a student. Never actually won this but got a good job instead.What I achieved:
Car paid in full straightaway.
Two properties fully paid. Wohhoooo!
0
Comments
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You "Hello Mr Landlord, this is your tenant. I just wondered if you would be interested in selling your home?"
LL "Well, as it happens it could be a possibility. Lets arrange a time to meet and discuss things"
or
LL - "I'm not interested at the moment, but if I do change my mind, I'll let you know."Estate Agent, Web Designer & All Round Geek!0 -
You can always ask. I've been asked before by tenants but always said no. I know they are nice flats, let easily for a very good return, & people stay until they can buy something similar. Why would I sell that?
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There is no harm in asking
But
If your landlord is the boss of an EA he will know the value of the property you are in and the lack of similar properties around so will be expecting top dollar if he does sell!0 -
Long time lurker here, thought it was time I contributed....
I'm in a similar situation myself and I intend to ask my landord within the next 6 months if he is willing to sell to us. I'm just going to write a letter explaining the circumstances and to invite him to discuss things.
If you go ahead, keep us informed, as I'm interested.0 -
Thank you all for such quick responses it's good to know that it is normal to ask the landlord to sell. If anyone has any experience with doing so, it would be great if they posted it on here.
Snurf, if you do it first, please let me know Goal: Win a car (or cash to buy one)! -- Haha goal from when I was a student. Never actually won this but got a good job instead.
What I achieved:
Car paid in full straightaway.
Two properties fully paid. Wohhoooo!0 -
just on a side not as a landlord, I have one property I would gladly sell, there is nothing wrong with it, brings me in a good income but is a long way from home.
Others I would need to consider carefully the amount someone was prepared to pay.
it is not all about the price you can obtain, each property has set up costs, each new property will have unforeseen pitfalls and I know and have solved the problems of my current properties. There are solicitors costs, stamp duty etc etc on any new property so just be aware that a landlord who sells to you will have all this in their mind.0 -
Of course, asking if he's willing to sell gives him warning that you are looking to move, if you're not careful he could serve you notice.0
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savagehoutkop wrote: »Of course, asking if he's willing to sell gives him warning that you are looking to move, if you're not careful he could serve you notice.
I don't think that is very likely - surely he'd rather keep a good tenant as long as they want to stay than kick them out earlier...
I asked my landlord once. They said they weren't interested. *shrug*0 -
I have an idea of the value of this property since a similar one sold recently on the other side of the street (I wasn't looking to buy then). Based on that price and on the size of the property, I believe it is a good buy. However, as a rental property, it is possibly a great value for the landlord as well as rent is very high. Thus, I think that he is not willing to sell
And letting him know that we are ready to move is also something that scares me a bit because he hasn't bee exactly a good landlord and it could get worse 
Thank you all for all the views on this! Several brains working are much better than one Goal: Win a car (or cash to buy one)! -- Haha goal from when I was a student. Never actually won this but got a good job instead.
What I achieved:
Car paid in full straightaway.
Two properties fully paid. Wohhoooo!0 -
My sister bought her flat from her landlord.0
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