Edit: Thanks for the replies. For those who don't want to read below I'm just curious how many people offer more money for a rental than the advertised price. If so do you have a set amount (say $10 or so) or do you work off how much your limit/budget is.
Do you feel you need to offer more every time?
Cheers.
There is a property in our area that has been advertised for quite a long time now with no inspection date. Rent is $430 a week.
Advised by the agent a few weeks ago that the tenant was breaking the lease but was refusing to allow them to conduct any inspections. She advised me that they had 50 enquiries and that they would let everyone know when it could be viewed. Nothing for a few weeks so went in to the office and spoke to someone else who told me the same thing and said they had a huge pile of applications already.
Last weekend we attended an open house for a different property but the same agent. We spoke to her about the other property and she told us it would be available to inspect this week. She told us that it would be going for $480 and they had at least 3 applications they were considering already. She then proceeded to badmouth the tenant which was an absolute joy to listen to (not).
Remember no one has actually been able to view the property yet and the rent is advertised at $430. We won't be applying for it - it doesn't seem to be worth the extra $$.
I know that people do offer more for a property nowadays but we have never considered doing this (and never had to). I also would never consider applying for something before I've seen it.
I wonder how many people are offering more for everything they apply for.
It's making me think we won't be able to get a property for the advertised price. I hate the idea of offering more when rent is so high in the first place.
Thoughts?
Find another property.