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What is the best way to sell a buy-to-let property?

I want to sell but not lose my current tenant.

Asked on Aug 27 2013, Selling in Romford | Report content

Answers (5)

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  • That's an extremely good question. A lot of people use auctions but they are expensive (2%, £1,800 min is common), and you are probably going to get a lower price because of auction conditions. Conventional agents will happily list it for you on RM, but landlords tend not to look there. Agents do however usually have a list of landlords looking for new properties. What I do is post on Landlord groups on LinkedIn, and hang around the auctions chatting to other landlords.

    Answered on Aug 29 2013, Report content
  • We sell quite a few properties for Landlords and it depends on what price you want to sell at. Generally Landlords look for a discount in value from the market price and this is the quickest and most discreet way to sell as any buyer would prefer to have a sitting tenant. We also sell through partners who have specialist quick sale agencies they usually require about 10% discount to sell as they look to achieve a quick sale. They try to do this as discreetly as possible but ultimately people will want to view the property

    Answered on Aug 30 2013, Report content
  • Hi, If we have understood the question correctly we would say that most investors would appreciate if you were able to sell a buy-to-let property with a current tenant and therefore would advise you to let the agent you are selling with know of this.

    Answered on Sep 6 2013, Report content
  • Hi Rhino955, The best way to do this is to advertise the property as being a buy-to-let home with a sitting tenant. Speak to people who come to view it and advise them that you would prefer to sell it with the tenant there, and if they agree, then you can look to ensure as three separate parties that a new contract is drawn up for the tenant before it is sold on. Many thanks, Scott

    Answered on Sep 6 2013, Report content
  • A BTL property is a sort of business so you could list it on a business for sale web site or list it free on houseladder.co.uk

    Answered on Sep 11 2013, Report content

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