ASK256: How much discount should I ask for? PLUS: Why would anybody buy a property with a regulated tenancy?
It’s Tuesday, so naturally that means The Robs are on hand.
The first question this week comes from James from St Albans.
He’s a new listener and has been bingeing all of the past episodes.
He’s been looking at new developments in key locations and gets the impression that they’re open to offers.
So now he’s looking to find out what Rob & Rob think would be a reasonable starting point for trying to negotiate a discount. And for others wondering the same, we’ve got a handy video on negotiating a discount on a property right here.
Also, some of the developments he’s been looking at have fantastic on-site amenities, which in turn means they also come with a higher service charge fee.
James is wondering if he should be concerned about these charges or if they’re generally covered by the rental income?
Our second question this week comes in from Kathy who has a question about regulated tenancies.
She’s wondering why anyone would want to buy one as she seems to think that it means you can’t get rid of tenants if they stop paying the rent.
She’s seen some selling at auction for quite a bit over the asking price so she’s wondering if they’re a good type of investment or she should stay clear?
What do Rob & Rob think of properties with a regulated tenancy?
Tune in to find out.
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