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Valuation on rented accommodation

  • 25-06-2017 5:22pm
    #1
    dazzday
    Registered Users, Registered Users 2 Posts: 700 ✭✭✭


    Hi folks,

    We are currently renting a nice 3 bed property in Kildare that we are possibly in the position of buying.

    I am thinking of getting an evaluation done so that i can get a ballpark figure for an offer. Was looking to this independently so i could approach the landlord with a reasonable offer with room to move.

    Can i get a valuation done without the knowledge of the landlord, or do i need to go through them?


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Permission not needed.

    Initially, take a look at what people are looking for locally, using daft, myhome, etc. and the property register.

    Talk to an estate agent. Make sure they don't know the landlord. :)


  • #3
    Samuel T. Cogley
    Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    As a Landlord if I was nudged to sell I'd want to put the place on the open market so maybe bear that in mind.


  • #4
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Samuel T. Cogley wrote: »
    As a Landlord if I was nudged to sell I'd want to put the place on the open market so maybe bear that in mind.

    +1

    Most landlords would make a working assumption that any offer from a tenant was undervaluing the property (though in the current climate- most would sell, if given the opportunity to do so).

    You can have anyone you like do a property valuation- to be honest- other than having a price on a piece of paper, it doesn't really mean anything.

    What you'd do normally- is the 5 most recent sales listed on www.propertypriceregister.ie alongside the 5 most recent asking prices on www.daft.ie and divide the lot by 10 (i.e. to ensure you get a good spread between asking and achieved prices)........


  • #5
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    Daft and property price register are the way to go initially. I know a few people who have done this successfully, an owner is often glad of the reduction in hassle! No need to prep the place for viewings, s/he knows the offer is genuine.

    If you keep it realistic you could be onto a winner.

    Do bear in mind the owners may have their own personal circumstances to consider. I turned someone down a few yrs ago on an offer like this. The property was in negative equity at the time... the sale would not have covered the mortgage, I couldn't sell without making a loss.


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