SELL YOUR BUY TO LET PROPERTY WITH TENANTS IN SITU

There are a number of key reasons why you should consider selling your buy to let property with the tenants in situ, the key one being that you have the opportunity to generate rental income right up to completion. You also avoid additional monthly expenses including utility bills and council tax, all of which are payable on a vacant property. Assuming that the average sale takes 4.2 months (Source: The Advisory ‘Time To Sell’ Study), it’s easy to see how these costs can easily start to add up.

It’s also worth noting that on average 20-30% of property sales fall through, indeed over 300,000 property sales failed to complete in 2020. This often leads to the property being remarketed, adding an additional void period to the overall costs, all of this whilst your mortgage repayments are still payable.

We only work with landlords, and our sole focus is to sell the property to another landlord on your behalf. We have a large database of experienced property investors, over half of which are based outside the UK, but who own properties throughout the UK. Our team is experienced in working with landlords, and in selling properties that are tenanted. This experience is critical and gives you the best chance to sell your buy-to-let property with the tenants in situ.

Selling a tenanted property is very different from traditional estate agencies, and simply listing a property on the property portals does not give you the optimal coverage to what is a relatively specialist audience.

We will not only market your property on the major property portals including Rightmove and Zoopla, but you will also be listed on our main Pure Investor website, which benefits from over 500 experienced property investors every day. The property will also be marketed to our database of over 30,000 property investors via our in-house marketing initiatives.

Yes, whether you’re actively considering selling your tenanted property, or simply curious as to its current valuation on the market, we’d be delighted to provide you with a valuation on a free-of-charge, no-obligation basis.

As with all property sales, we will require access to your property in order to compile the relevant marketing information and photography. We want to present your property as professionally as possible, and it makes sense for us to visit the property as early as possible in the process.

Key to a successful sale is honesty and transparency with all parties. It’s worth noting that the most effective way for us to arrange access to the property is directly with the tenants rather than through any third party. In our experience, we’ve found the vast majority of tenants want to stay in their property, and are happy to work with you once the process has been explained to them. Throughout the process we will respect the tenants and their right to a quiet and peaceful environment.

Good, effective marketing including detailed photography and walkthrough videos often remove the requirement for multiple viewings. We also work closely with prospective buyers to ensure that there is a genuine interest, and ability to proceed prior to booking any viewings at the property.

We’ve found that the key to a successful sale is to work with your tenant in an open, honest and transparent manner. Throughout the process, we will be respectful of the requirements and rights of your tenant to ensure a smooth and seamless transition through to completion.

From the outset, we will explain that we work solely with landlords, with a view to selling them a property with a tenant in situ. A good quality tenant is a positive for both the landlord and the tenant, and open and honest communication with all parties from the beginning of the process is crucial to achieving a successful sale.

No, as above the key here is honest and transparent communication from the outset. The key objective for our landlords is to purchase a property which is managed and already generating a rental income. As such, we’re happy to include the information from your existing agents to present a more managed investment option.

We sell all types of residential tenanted properties, including apartments, studios and houses. For more experienced investors, we also work on larger portfolio sales.

We charge a fee of 1.25% plus VAT (1.75% plus VAT - London/inside M25) of the sale price (subject to a minimum £2,500.00 plus VAT), on a 'no sale, no fee' basis.

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