A few days ago my friends and I looked at a small flat which was advertised as £375 per person a month inc bills.
The average prices without bills is anywhere from £300-350 a month for a 3 bed place.
So 375 seems reasonable with bills. So we talked to the estate agent about our interest and maybe putting an offer in and we will call him back. Thinking of 365 as an offer?
The next day we check online and they have put the advertised price up to £390. What...??!!
What can we do here? 390 is far too much for a place like this even for the bills. I should add this flat is above a commercial business, with those additional cost I feel like we'll be paying the bills for both the flat and the small business downstairs.
Any advice please?
Advice Please - Estate agents raises rent after expressing interest in flat watch
- Thread Starter
- 17-01-2015 15:17
- 17-01-2015 15:29
call him back with your offer! these things are usually flexible to a point, maybe they knew you were interested, put a higher price up hoping that a new group would come in with a bigger offer?
- 17-01-2015 16:36
At the initial advertised price, they probably have several people interested. The chances are that it was advertised low to attract interest and now they can hike the price to whatever the highest bidder is prepared to offer.
You have a budget and you know what you can afford. Make the offer you're prepared to pay and that you think the place is worth. If they turn it down, walk away. It isn't what you were led to believe. Don't be duped into a bidding war and end up paying over the odds for it. I suspect that's what the agent is intending.
It doesn't indicate that they're going to make good or ethical landlords. Might be best avoided anyway.Last edited by Klix88; 17-01-2015 at 16:37.