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Selling tenanted property quickly?
Perhaps you've decided now is the time to cash in and take
profits? Alternatively, perhaps you've identified a property investment
which hasn't performed as you'd wished? Or you're releasing
equity quickly?
The bottom line? Whether you're selling underperforming property
investments or your star performers we can assist professionally, and
quickly throughout the UK including
Scotland and
Wales.
As with the other services we offer,
our primary aim is to take the pressure off you, the landlord. For
landlords this means allowing you to maximise the gains on your
properties in the most tax efficient way - we can time the sale to suit
you.
It's a fact of life that the gains your properties have made in the last
five years may not be repeated over the next five, making it an
expedient time to sell. Alternatively, you might be selling investment
property quickly for purely personal reasons.
There are many reasons for selling tenanted property quickly:
- poor cash flow due to previous
draw downs?
- mortgages coming off fixed interest
rates?
- flattening capital growth?
- rising mortgage costs?
- troublesome tenants?
-
CGT and other tax liabilities to manage
- releasing equity?
- regular voids killing profits?
- cost of repair and maintenance?
- stress and worry?
- reducing your exposure to
property investments?
- retiring landlord?
- dissolving a business partnership?
- property owners divorcing or
separating
- selling ex-Housing Association /
Social Landlord properties
No matter what your reason for
selling, the bottom line is that if you're selling tenanted property
quickly in
the UK we can help.
Tenanted property can be
tricky to sell
Selling tenanted property quickly with tenants in situ
has pluses and minuses depending on who you speak to. Certainly it
presents practical difficulties. Estate agents may not see the real
potential in your properties. Some can even be quite negative about
taking tenanted properties on their books.
Buyers sourced through agents are hoping to buy a property with vacant possession, and often in
"walk-in" condition. As tenants may
put buyers off, estate agents may down-value your property accordingly. Also
your property may not be in the tip top condition buyers looking for a "home" expect.
Then, of course, there are your tenants.
We know that a number of you want to do the "right thing" by your
tenants. Identifying another investor buyer then becomes the more logical
alternative. After all in your own mind you may be selling tenanted
property quickly but you're also selling a "business".
Serving a Notice to Quit on your tenants with the aim of
making your properties appeal to a wider audience can leave your cash
flow exposed.
A quick cash sale to a professional buyer alleviates these problems.
There are other issues with selling
tenanted property quickly. Access to the property can be limited, and you may be
concerned not to upset your existing letting / managing agent. Some
investors simply never buy properties with existing tenants which is why
many tenanted properties don't sell well at auction.
Some landlords are
suspicious about owners and tenants possibly colluding in some way. Or, simply
prefer to find their own tenants. And if that was
true when the property market was looking healthier it's most
certainly true now when everybody's getting more risk averse.
Your options for selling
investment property quickly
If you're selling tenanted
property quickly there are a number of options worth
exploring depending on how pressing your sale is, and your
circumstances. You can try selling investment property using:
- estate agents
- your tenants
- investment clubs
- your investor/landlord contacts
- letting agent contacts
- property auctions
- professional property buyers
Of all the above options the most
frequently over-looked is simply asking your tenants whether they'd be
interested in buying your property. Or perhaps they know a likely buyer?
Alternatively, on a strictly "no fee"
basis we can help with selling your tenanted property quickly, whether
you're selling one property or selling a whole portfolio, regardless of
the condition of the properties. Selling buy to let property couldn't be
easier!
If you'd like to explore
how we can help call 0800 043
0669 or simply complete the
online form below.
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