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The Property Podcast

ASK256: How much discount should I ask for? PLUS: Why would anybody buy a property with a regulated tenancy?

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.82K Ratings

🗓️ 6 October 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

It’s Tuesday, so naturally that means The Robs are on hand.  The first question this week comes from James from St Albans.  He’s a new listener and has been bingeing all of the past episodes.  He’s been looking at new developments in key locations and gets the impression that they’re open to offers.  So now he’s looking to find out what Rob & Rob think would be a reasonable starting point for trying to negotiate a discount. And for others wondering the same, we’ve got a handy video on negotiating a discount on a property right here. Also, some of the developments he’s been looking at have fantastic on-site amenities, which in turn means they also come with a higher service charge fee.  James is wondering if he should be concerned about these charges or if they’re generally covered by the rental income?  Our second question this week comes in from Kathy who has a question about regulated tenancies.  She’s wondering why anyone would want to buy one as she seems to think that it means you can’t get rid of tenants if they stop paying the rent.  She’s seen some selling at auction for quite a bit over the asking price so she’s wondering if they’re a good type of investment or she should stay clear? What do Rob & Rob think of properties with a regulated tenancy? Tune in to find out.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rub and Rob.

0:07.0

Hello everyone and welcome to Ask Rob and Rob. The show where you get your questions in, normally property related,

0:14.8

and we get our answers in, normally related to the question asked.

0:18.6

And that concept is worked very well for over 250 episodes now so let's not stop today. We've got two great

0:25.9

questions in from James and Kathy but before we get started let's give you a reminder of

0:31.5

how you can get involved.

0:33.0

Yep, if you've got something you'd love to hear the answer to,

0:35.0

then you can give us a call on 013, 808, 80035.

0:39.0

That's 013, 808,00035.

0:41.0

Or you can go to Property Hub.

0:43.2

Net slash Ask if you're feeling a bit more modern and leave us a voicemail there instead.

0:47.7

So let's get on to our first question today.

0:49.4

This one comes from James.

0:51.8

Hi Rob and Rob, this is James here from St. Organ. Firstly I'd like to say that I've only

0:56.2

been listening to your podcast for a couple of weeks, had a bit of a binge session

1:00.4

in finding it really useful. If anything just to act as a bit of a

1:04.4

sounding board on my property journey so thank you very much for all the great

1:08.8

info a couple of quick questions I'm looking at new flats by some developers around key

1:16.1

locations. I get the impression that they are open for discounts on these new

1:21.8

developments as they're all off plan but would you

1:24.7

happen to know what reasonable starting position would be as a general rule of

1:28.6

thumb in terms of a discount to be asking for secondly, some of these developments have great

...

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