jedentag
Registered User
- Messages
- 25
Hi Folks,
I'm selling a 1 bed apartment and have had an offer €10K below asking, no more bids yet, on sale for 4 weeks.
Most of the people viewing have been investors but are put off by the fact that I rented to in-law family at 60% of market value for the 2 years before sale. In truth as I'm not a 'landlord' but was a short term solution to an issue at the time, I didn't realise that this would mean that when I went to sell, they wouldn't be able to put the rental price back up unless they left if vacant for 2 years.
It looks like I will be able to sell to someone who is buying to move in, but nearly half of the people viewing have been investors. Apparently that's the market for 1 bed apartments. As I'm pushing the boat out to secure what I hope is my family home for life, I could do with getting as much as possible for the apartment to help get me to the asking price of home we want.
My question is if there are any tactics to mitigate this issue or is it just something I'll have to take on the chin as a 'learning'. Not that I ever intend to be a landlord again if I can help it!
Thanks.
I'm selling a 1 bed apartment and have had an offer €10K below asking, no more bids yet, on sale for 4 weeks.
Most of the people viewing have been investors but are put off by the fact that I rented to in-law family at 60% of market value for the 2 years before sale. In truth as I'm not a 'landlord' but was a short term solution to an issue at the time, I didn't realise that this would mean that when I went to sell, they wouldn't be able to put the rental price back up unless they left if vacant for 2 years.
It looks like I will be able to sell to someone who is buying to move in, but nearly half of the people viewing have been investors. Apparently that's the market for 1 bed apartments. As I'm pushing the boat out to secure what I hope is my family home for life, I could do with getting as much as possible for the apartment to help get me to the asking price of home we want.
My question is if there are any tactics to mitigate this issue or is it just something I'll have to take on the chin as a 'learning'. Not that I ever intend to be a landlord again if I can help it!
Thanks.