Is Rent Negotiable in Wellington FL?

By
Real Estate Agent with Hansen Real Estate Group Inc.
Is Rent Negotiable in Wellington FL?

Over the last 90 days 49 single family homes have rented in Wellington Florida.  The average list price of these homes was $2,337 and the average price these homes rented for was $2,336, which is a List to Rent Ratio of 99.9%.  

So while the technical answer is YES some tenants may be able to negotiate rent on home in Wellington Florida, the realistic answer is probably not.

Wellington Homes for Rent List to Rent RatioThere are several reasons why a majority of the homes for rent in Wellington Florida are renting for the full asking price.

  1. Lack of Inventory:  Review my recent Inventory Report on Homes for Rent in Wellington FL, which indicates that it is an extremely strong "Landlord's Market.
  2. Priced Right:  If a home for rent in Wellington FL is in good condition and priced right it will be rented almost immediately.
  3. Schools:  Wellington Florida has some of best public schools in the county and while some people cannot afford to buy a home in Wellington they can afford to rent.

If you are looking to rent a home in Wellington Florida you might be able to negotiate the rent, but I would be prepared to pay full asking price along with all the required deposits, which usually equals three months rent.

Get a list of homes for rent in Wellington FL that fit your needs by filling out our Online Rental Questionnaire and if you are unfamiliar with the rental process read our Tips and Expectations.

 

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Ambassador
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Michelle and this is interesting, in Las Vegas there are so many homes for rent that we can negotiate here!

VB ;o)

Mar 29, 2011 05:24 PM #1
Rainmaker
1,167,911
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

In the luxury market here there are a lot of available units, but for some reason the landlords are not coming down by much.  Guess they don't need the money.

Mar 29, 2011 06:01 PM #2
Rainmaker
1,333,998
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

VB - I think it all boils down to inventory and we don't have a lot of single family homes for rent

Jane - The over priced ones who hold out don't make sense to me.

Mar 30, 2011 01:47 AM #3
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

We don't have many homes in inventory in Las Vegas but have seen a decline in prices.  Not much room to negotiate and all those investors are willing to price below the last to get em rented.  Our rental prices are insane low right now but they go off the market as quick as they come on.

Mar 30, 2011 04:22 AM #4
Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - A lot of our rental prices have increased over the last year or so. 

Mar 30, 2011 04:33 AM #5
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Dimitri Matsis-REALTOR® (818) 599-6083
Troop Real Estate Inc. Westlake Village CA - West Hills, CA

Hi Michelle,

Surprisingly in my area (where I live) I'd say we're having a "landlord's market". There have been only 4 properties w/my home's criteria that rented in the last 12 months. Also, I noticed an increase on the price of those rentals.

On occasion we (my wife and I) entertain the idea of renting our house out and moving to Florida's west coast where we lived when we were younger, just to check it out. It looks very feasible right now.

Mar 31, 2011 09:09 AM #6
Rainmaker
1,333,998
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Dimitri - I know there are a lot of areas where it's a tenants market, but not here either.

Mar 31, 2011 09:27 AM #7
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Michelle Gibson

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