How to sell a rented house more easily than putting it on with a high street agent? Is there good reason not to put it on the market with an estate agent?
If the market for sales happens to be slow then it can take a long time to sell a rented. Why? Because often they are not in the best condition and appeal to first time buyers or developers/investors.
When you start weighing up the pros and cons of how to sell a rental you have to make decisions about whether you're going to sell it with vacant possession or not.
If you decide to sell with vacant possession it certainly gives you the opportunity to to 'refresh' the house's decoration. But if the market is slow don't decorate because you think you'll get a better price - you may not. But it may help you sell quicker.
If you don't mind your rented house being empty for a while this could be the best route to achieving the maximum price. However if your house is likely to appeal to first time buyers then you have to be very vigilant about the quality of viewer your house attracts. Far too many sales are failing at the last possible moment. It seems that someone isn't doing their job properly. Buyers do of course get cold feet. However prospective buyers need to be properly scrutinised to make sure they have funds in place.
Is there an alternative way to sell your rented house? Well there might be - it depends what you're selling.
Selling a rented house quickly
If you really can't be bothered with the hassle of having your rented house on the market for a while. Or can't afford to pay the buy-to let mortgage without the rent coming in, then selling to an investor may make sense. What are your priorities? If you need the funds tied up in the house for something else a more straightforward option may appeal.
You will also have to check the status of your tenancy agreement and make sure you understand your legal obligations to your tenants. If your agreement is month to month then it is more likely you can sell with vacant possession and spend time smartening up the house.
If your tenancy agreement is a fixed period contract you will have to sell with tenants in place or wait. if the market is slow it can take many months to sell. So don't preclude selling through an agent if you have an annual agreement.
You can sell a rented house more quickly though us. We have good demand for rented houses in Sheffield, Leeds, Manchester and Edinburgh. Just call 0800 043 0669 or complete the form below.