Selling property with tenants
Scotland? Has your buy to let bubble burst?
Or is the new Repairing Standard the final straw? Or
are you just getting out when the going's good? Selling Scottish rented
property needn't be hard work but sometimes is.
Surprised to find yourself here?
Property can take you by surprise. So can life. Perhaps you never expected to be
selling your property but regardless of whether
you're selling for personal or business reasons we can help you pull your cash out now.
Selling property with tenants
Deciding to sell Scottish rented
property throws up a number of issues that you don't have when selling
residential property. You could find yourself having to deal with issues
of access, loss of income and the condition of the property itself.
When it comes to
selling property with
tenants in Scotland solicitors and estate agents may not welcome you with
open arms but we will. We can help you dispose of your property quickly
so you can get your cash quickly. In fact if your property has a happy
tenant in place so much the better. All in all this means less hassle
for you and less disruption for your tenant.
We hope you didn't, but if you did buy
your Scottish investment property the lazy way, through a sourcing company,
it may not have turned out to be the great buy you were led to believe.
Sourcing companies can and do "cherry pick" for themselves. Makes sense, doesn't it?
But even if your investment hasn't performed as expected, we can help.
But there are exceptions..
The dangers of new build
When it comes to selling property with
tenants in Scotland new build properties don't immediately spring to mind.
However they're such a special case that it's worth singling them out.
Most professional investors know
there's more to making money from buy to let investments than attending
a few seminars on buying off-plan or new build apartments. In fact this type of
property can be notoriously difficult to dispose of...And it's getting
harder due to the change in the finance climate.
Even in cities where development is less
mature, such as Dundee, experienced investors are finding it
difficult to off-load or finance apartments. Increasing
lenders are taking the view that such developments are risky or too
risky, and if they'll finance them it's only on a low LTV. This
is true even if you have a head start and are selling a new build
property in Scotland with tenants. The true value of this type of
property can be very difficult to determine.
Even in a better financial climate it takes this kind of
property much longer to show any real gains. Three years or more
is not unusual (what they don't tell you at the seminars..!).
Selling new build investment property quickly you have to be super-realistic about
the price you can achieve unless you bought extremely well.
Tips to sell well
No matter how you decide to sell your
tenanted property in Scotland there are some things you can do to help
get a smooth, quicker sale.
Selling property with tenants in Scotland
is generally easier if all the paperwork for the tenancy and property is
up to scratch and your tenants are reliable or at least on-side to
cooperate for viewings or meetings. These factors are probably more
important than the condition of the property.
If your property isn't looking its best
it won't put off professional buyers. However, if you'd like to do the
right thing by your tenants (and we know many small investors do..) then
you need to be careful you sell to someone committed to keeping your
tenants in place.
Sell Scottish tenanted
property the easy way..
Once you get down to it, selling
property with tenants in Scotland on the open market can be a long drawn
out affair. Our service offers you a guaranteed sale and we pay all your
costs. And we'll look after your tenants too.
What's more we are just as happy to
help whether your tenanted property is in Edinburgh or Glasgow or
Dundee or further North.
And we can make life easier in other
ways too. Sell your tenanted Scottish property directly to us and
we'll time the sale to suit your personal and business situation.
We help Scottish landlords
dispose of mainly traditional style properties in all parts of
Scotland, on a strictly "no cost" basis.
If you'd like find out more about
selling property with tenants in Scotland directly to us and how we can help call 0800 043
0669 or simply complete the
online form below.