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Rent: asking price v. price paid

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  • 21-03-2010 12:48am
    #1
    515
    Closed Accounts Posts: 150 ✭✭


    I'm hearing a lot of people saying that you can expect to knock down an asking price a fair bit on a rental these days. Is that still the case or have prices now been reduced already to their minimum to attract interest?

    Particularly, any info on Cork market would be appreciated.


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    #2
    billybigunz
    Closed Accounts Posts: 925 ✭✭✭billybigunz


    515 wrote: »
    I'm hearing a lot of people saying that you can expect to knock down an asking price a fair bit on a rental these days. Is that still the case or have prices now been reduced already to their minimum to attract interest?

    Particularly, any info on Cork market would be appreciated.

    Depends on the local market and the value of the rental. Typically the most expensive places have the best discounts.


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    #3
    515
    Closed Accounts Posts: 150 ✭✭515


    And it's likely that any discounts have not already been applied to the asking price? Or only partially?


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    #4
    billybigunz
    Closed Accounts Posts: 925 ✭✭✭billybigunz


    515 wrote: »
    And it's likely that any discounts have not already been applied to the asking price? Or only partially?

    Ha, no. On some places maybe but not on most. See how long some places have been on daft. Check out irishpropertywatch for price drop history.

    I got 200 off my place a few months back.


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    #5
    515
    Closed Accounts Posts: 150 ✭✭515


    Thanks, didn't know that site. I saw propery-vultures alright, which is similar.

    Fingers crossed for a good deal then


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