House Selling - Money Saving Tips

Brianfdlr

Can you rent someone's home instead of buying it.?
If someone is selling their home, is it disrespectful to ask them if you can rent it instead of buying it. I live in Milwaukee, WI and I am looking for a 5+ bedroom home to rent. Unfortunately, there are no homes on the market that are for rent and in a decent area. I see there are many 5+ bedroom homes for sale, I want to get opinions on if you would find it disrespectful for someone to approach and ask to rent your home when you are trying to sell it. Thanks.

Steve_xx

need2move wrote: »

Hi, I am looking for some advice! I am considering selling my house to a company who buys houses for less than the market value. I have had my house on the market for a couple of months and no viewers, so I'm getting impatient! I don't mind dropping the price, but I just wanted to know if they are reputable and if anyone has had any bad/good experiences with them.

Don't do it.

You will find that their offer for your home is derisory. They operate on the pretext that you are desperate to sell your home, perhaps becuase you are heavily in debt or need urgent finance for something or other. Their offer will reflect what they believe to be your predicament.

Steve_xx

Brianfdlr wrote: »

Can you rent someone's home instead of buying it.?
If someone is selling their home, is it disrespectful to ask them if you can rent it instead of buying it. I live in Milwaukee, WI and I am looking for a 5+ bedroom home to rent. Unfortunately, there are no homes on the market that are for rent and in a decent area. I see there are many 5+ bedroom homes for sale, I want to get opinions on if you would find it disrespectful for someone to approach and ask to rent your home when you are trying to sell it. Thanks.

I don't see any reason why you ought not to approach a seller. If the seller is having difficulty getting the property sold and they want to move anyway then it might provide them with a workable solution. Of course, most people need to sell in order to provide a deposit for their new home, so unless they are wealthy to start with it might not be a goer. But no harm in enquiring.

need2move

Steve_xx wrote: »

Don't do it.

You will find that their offer for your home is derisory. They operate on the pretext that you are desperate to sell your home, perhaps becuase you are heavily in debt or need urgent finance for something or other. Their offer will reflect what they believe to be your predicament.

Thanks for the reply. I have rang the estate agents and asked them to reduce the price to see if it attracts any viewers/buyers. :beer:

need2move

Brianfdlr wrote: »

Can you rent someone's home instead of buying it.?
If someone is selling their home, is it disrespectful to ask them if you can rent it instead of buying it. I live in Milwaukee, WI and I am looking for a 5+ bedroom home to rent. Unfortunately, there are no homes on the market that are for rent and in a decent area. I see there are many 5+ bedroom homes for sale, I want to get opinions on if you would find it disrespectful for someone to approach and ask to rent your home when you are trying to sell it. Thanks.

I don't think it's disrespectful to ask about renting instead of buying. There is no harm in asking!! :A

0123jamesp

In terms of fee's (and im not trying to sell anything to anyone)

with most agents spending around £200 upfront on marketing and the rising cost of employing skilled estate agents its just not going to happen

IF you want cheap fee's stick it up with a cheap internet company.

An estate agent is as good as his reputation, I cant think of one decent agent with decent marketing that charge 1%.

any agent worth his salt will not be adverse to competition

Remember:

to use a good solictior you must pay good money
to use a good haridresser you must pay good money

not all expensive agents are great. but the majority of the time they can get away with charging more because people know there worth more.

it seems silly to me that in the current market (one that professional agents are thriving in) that anyone would jepodize the sale of there most valuable asset because they can save a £1000 or £2000

Steve_xx

0123jamesp wrote: »

In terms of fee's (and im not trying to sell anything to anyone)

with most agents spending around £200 upfront on marketing and the rising cost of employing skilled estate agents its just not going to happen

IF you want cheap fee's stick it up with a cheap internet company.

An estate agent is as good as his reputation, I cant think of one decent agent with decent marketing that charge 1%.

any agent worth his salt will not be adverse to competition

Remember:

to use a good solictior you must pay good money

to use a good haridresser you must pay good money

not all expensive agents are great. but the majority of the time they can get away with charging more because people know there worth more.

it seems silly to me that in the current market (one that professional agents are thriving in) that anyone would jepodize the sale of there most valuable asset because they can save a £1000 or £2000

You can pay good money and get a bad estate agent, a bad solicitor and an appalling hairdresser. Don't assume that simply paying top-notch prices will always produce the best results because that absolutely will not always be so.

Your penultimate paragraph does not read sensibly.

0123jamesp

I think if you read it again you will realise that I have said that not everything expensive turns out to be the best.

all im trying to say im employing the cheapest agent is not always the best idea (as they are usually cheap because they are crap salespeople)

If a good agent can justify his fee in a way you can understand he is obviously a good salesman.

End of.

Steve_xx

0123jamesp wrote: »

I think if you read it again you will realise that I have said that not everything expensive turns out to be the best.

all im trying to say im employing the cheapest agent is not always the best idea (as they are usually cheap because they are crap salespeople)

If a good agent can justify his fee in a way you can understand he is obviously a good salesman.

End of.

Yes, that is so, ie not everything that is most expensive is actually the best.

The cheapest agents are not always "crap". The most expensive ones are sometimes "crap". It's a hit-and-miss affair.

If a good agent can justify his fee then that's fine. However, that fee doesn't have to be markedly different from the average.

A recent experience I had with an agent left me appalled. I was looking at the possibility of buying and enquired about basic things like Council Tax etc, and they were clueless. Had I been the vendor then I would have concluded that they were not earning their money.

johnno71

skip_1 wrote: »

I'd also like to know this. Is it worth negotiating say 1.5% if the sell within 2 months, 1% if they sell within 4 and 0.5% if they sell within 6? FWIW the figures would be low for us - Flat worth ~£70k.

Based on a recent Rightmove press release (about 2 months ago) it's taking an average of 14 weeks to sell a property once it goes on the books. Useful benchmark if you're trying to negotiate.