Friday, July 16, 2010

Are home rental prices negotiable?

Help!! Im going to rent a house with a huge backyard and front yard thats fenced in for $750 the outside of the house is in good condition. It is one of those 1960 flat roof style. 1048sq ft. in Florida. 3B 2Bth but the interior needs work done and thats why I assume the low price. It has some water damaged ceiling cracks that I can get fixed my self. And paint the outside and the interior. But other than that it's all good. So what should I do since im in a recession myself! How can I negotiate may be a lower price any ideas on prices that I should ask or is $750 about low enough. ThanksAre home rental prices negotiable?
Hmmm, do you have a real estate agent helping you find a rental property? If so, you might want to ask what your local real estate market is like.





From what I understand the sales market in virtually all of FL is in the commode and circling for a final time. BAD.





If the rental market is similar, and the property has been on the market for more than 45 - 60 days, you might be able to negotiate a slightly lower amount of rent. I wouldn't expect more than $50/month decrease.





But, hey, $50 is $600/year. That's not nothing.





I would imagine the owners will want a 12 month lease, and you may have to pay for the paint and supplies w/color approval from the owners.





Good luck.Are home rental prices negotiable?
Landlords do not typically negotiate with the rent. It is NOT like buying. You cannot ask for a reduction in rent due to the condition of the house. You pay the asked rent or you find another place.





Idk about Florida but $750 for a 3 bed rm is really cheap around here. I would not squabble about that.





You try to negotiate too much and they will not rent to you.
Chances are the Landlord has a non-negotiable rental price. If you don't pay it, someone else will. If you really want the house, then pay $750/month for it. If it's something you're going to hate because of the problems that you already know about, then don't rent it.





Be wary of the water damaged ceilings, you may end up being sorry when all your stuff gets wet.





Also, be aware that when you fix things yourself without the landlord agreeing to pay you back, you lose that money. If it's a month to month lease, they can give you 30 days (or whatever your state law says) notice to vacate the property and again, your money is gone.

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