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When to Start Marketing a Flat With Tenants Still In

It is 20th Dec, and I have tenants in my flat (which I'd like to sell) until mid-June. As soon as the agreement has expired, ideally I'd like my flat to be nearing completion on a sale. It's a flat suited to FTB or BTL landlords, and I'll be asking around £125,000 for it. I'd really like to advice on when to put it onto market. Would it make a difference if I marketed now explaining that we couldn't complete until then? Or, shall I hold off a little while? I'd rather not sell the flat with tenants it for two reasons. They are planning to move out after the agreement expires (they are students), and also because currently I am paying for all bills (so passing over the tenancy to a potential new owner is a bit of a phaff). It's also worth mentioning that I get on well with my tenants, and they are fine having people looking around it. Any thoughts/advice hugely appreciated. Thanks.

Asked on Dec 20 2015, Selling in Lincoln | Report content

Answers (1)

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  • Normally end of March (ie Easter) as viewing property in the dark of mid-winter isn't very appealing. As you can't complete until after the SDLT changes take effect you will need to consider the price if your market is BTL.

    Answered on Dec 21 2015, Report content

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