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Is there a market for selling a house which has tenants in-situ?

I rent out my house in Swindon - originally rented under a 6 month AST, now a rolling periodic tenancy. I've now moved away from the area, so would ideally like to sell - but the tenant wants to stay and I'd rather not go through the hassle of evicting them if possible, they pay the rent every month. It's a modern 4 bed house rented for £750/month, I haven't increased the rent in the 3 yrs so a buyer might want to raise the rent to get a better yield (or it would be a good HMO). Is there any agent that would take on a property like that? I know viewings would be difficult as the current tenant (a family) has the right to privacy so wouldn't want an estate agent to have keys and let themselves in.

Asked on Feb 12 2015, General in Swindon | Report content

Answers (1)

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  • Hi there, I have dealt with these exact situation a number of times. Just pick up the phone to a local estate agent, let them know the situation and go from these. All that will be needed is the tenants allowing to show buyers over, usually on an agreed day during the week and one period over the course of a weekend. Perhaps try speaking to the agents letting dept. as well as they will almost certainly have landlords looking to invest. Also new tenancy agreement required upon exchange of contracts. If you need further info please call my office during normal business hours.

    Answered on Mar 14 2015, Report content

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