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Old 03-12-2011, 09:00 AM
 
34 posts, read 72,522 times
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Are rental prices listed by brokers negotiable? How far down can you negotiate for an apartment in Upper West Side?
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Old 03-12-2011, 09:17 AM
 
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Originally Posted by change ahead View Post
Are rental prices listed by brokers negotiable? How far down can you negotiate for an apartment in Upper West Side?
keep in mind there will likely be other apartment hunters who won't ask to negotiate. therefore, you might 'lose' a nice habitat to them. when i rented my 2nd manhattan apartment, i negotiated the broker fee saying i'd pay cash and paid 4% less (11% in instead of 15% and i had the cash on hand which they found slightly odd but irresistable. this was in the 1990's before yahoo, etc. nowadays i wouldn't recommend what i did)
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Old 03-12-2011, 10:34 AM
 
Location: Houston, Tx
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It sometimes can be worth asking....I negotiated my apartment rent down 50 dollars. Not much, but it's 50 dollars. This was 3 years ago.
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Old 03-12-2011, 10:35 AM
 
Location: Washington, DC & New York
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If the apartment has been vacant for a period of time without a reduction in rent, it could be above market. In that case, you might stand a chance asking that a reduction be considered, especially if you are prepared to rent the apartment on the spot. What may happen, however, is that you get no reduction in monthly rent, but some free perks, or even a free month, so that the net rent would be less than than the advertised price for you, though the apartment would still rent at the advertised price. In general, it's not too common as the market picks up, and really would only work for an apartment that was vacant for quite a while. You can always ask, but you might get the response that the owner wants a particular price and is not open to negotiation.
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