I have been renting a house for the past ten years in London. The landlord bought the house new in 2005, lived in it a few months and due to a job transfer needed to rent it out. Now the landlord has moved back to town and has purchased a house on the opposite side of the city with no intention of wanting to continue to own this house. We have communicated with him. He is ready to sell the house we are renting to us. He has given us an asking price. My question, as a method of getting the asking price lowered, would it be prudent to ask for a credit of our rental payments toward the asking price of the house? No, our rental contract did not include rental credits if we were to purchase. Your opinion is appreciated
thanks
miquel

I very much doubt your landlord would agree to that. You could always ask the question....and if that doesnt work, just ask him outright if he will sell at your offer price whatever that might be.

The buyer should consider the following:

(1) Exactly what property is included in the sale? Lighting fixtures, drapes or blinds, refrigerators, stoves, washing machines and dryers are often problem areas.

(2) Is the neighborhood quiet, friendly? Are the homes well kept?

(3) Are there any development plans that will affect the property?

(4) The inspection report - are there any substantial problems with the house?

(5) Real estate taxes - what are the current property taxes, and what impact will your purchase have on the taxes?