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Considering offering to buy property I am renting

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  • 29-11-2017 11:34am
    #1
    gargargar
    Registered Users Posts: 249 ✭✭


    As the post says I am thinking of looking to buy the property I am renting. Wondering about how I should go about it. I am renting through an agent, but the landlord is known to the neighbours and lives around the corner. However she is quite old (in her 90s) and I don't want to be seen to be taking advantage by a direct approach. I have never met her and unsure how I should proceed.

    If I talk to the neighbours and try to contact the landlord directly will this piss of the letting agency? If I can't buy it I would consider renting for longer.

    Any experiences on how to approach this?


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    #2
    davo10
    Closed Accounts Posts: 6,926 ✭✭✭davo10


    gargargar wrote: »
    As the post says I am thinking of looking to buy the property I am renting. Wondering about how I should go about it. I am renting through an agent, but the landlord is known to the neighbours and lives around the corner. However she is quite old (in her 90s) and I don't want to be seen to be taking advantage by a direct approach. I have never met her and unsure how I should proceed.

    If I talk to the neighbours and try to contact the landlord directly will this piss of the letting agency? If I can't buy it I would consider renting for longer.

    Any experiences on how to approach this?

    It's hard to imagine a property owner not wanting to put a property on the open market in the current climate, a few interested bidders would no doubt push the selling price beyond your offer. Though you may be a good tenant, your relationship with the owner is a business one so it's unlikely that the owner, or their family, will feel they owe you anything and allow you to buy at below market rate. If there is a letting agent involved, they will absolutely advise the owner to open the property to other bidders.

    Having said that, you have noting to lose by asking.


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    #3
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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    #4
    Shadow_27
    Registered Users Posts: 30 ✭Shadow_27


    If you are concerned about "taking advantage of the situation", as the previous post suggests - write to the owner so what you are proposing is documented. Then, if there is a reply from the owner, employ the services of a lawyer so that there can be no accusations of what you fear being accused of. If there is a contract laid down in law, you have the funds & there is a survey, then all parties can be satisfied there has been no wrongdoing as the owner will also need a lawyer.


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