Pages

Popular Posts

Friday, May 13, 2011

Discounts off the Listing Price

If you are looking for a place to rent, remember that the asking price is almost never the lowest price the realtor or the landlord is willing to accept.

With a landlord, you should negotiate like you would at a bazaar. Let's say a place is listed for $1,300/month. However you want to pay $1,150? Say that you would like to pay $1,050 and move up from there.

However, when a realtor is involved, you typically can ask what is the lowest price that the landlord will take. If the price is too high, ask if the realtor thinks that the landlord will accept your desired amount. Since you have no access to the landlord, it becomes more difficult to negotiate lower than what the landlord specified to the realtor.

The usual discount to aim for is 10%, however, if the apartment is listed for $1,275, for example, you should be able to take 10% off and round that down to $1,000.

No comments:

Post a Comment