Thinking of selling this summer? You’re not alone.

With the summer holidays now in full swing, many landlords are finally getting the chance to take a step back and think about what comes next.

The latest Property118 Landlord Sentiment Survey suggests many have already decided the direction they want to travel. More than two-thirds now expect to sell some or all of their portfolio over the next three years, with the number planning to leave the sector altogether continuing to rise.

Over a third of landlords surveyed expect to remortgage within the next 12 months, many moving from pre-2022 fixed rates onto significantly higher repayments, and more than nine in ten no longer expect property values will outperform inflation leading to stagnated value and possibly lower values the longer you wait.

70% of landlords surveyed have mortgages on their properties so we understand how difficult is to start the ball rolling if you think you need to evict tenants before you sell – even optimistic timelines will need to factor in 6 – 12 months of costs without any rental income.

Our advice is simple: if selling is already part of your long-term plan, don’t wait until the rent has stopped before deciding how you’ll do it.

We know from landlords who have found out the hard way that months of paying mortgages and other running costs on an empty property steadily eat away at the equity they’d spent years building and can quickly become a real problem for landlords who are have ploughed all the wealth they have built up into more properties.

It’s one of the reason landlords with several properties are selling one or two at first. By releasing their equity, and paying off loans altogether they have a lot more time to sell the rest before cash flow becomes a real problem.

They are planning the best way to leave the PRS and exploring their options from a position of strength.

The mistakes we often see landlords make are from those who have underestimated the time, cost and risks involved in selling rental property through a high street agent and from those who have rushed in to vacate their properties without thinking through the costs that go unnoticed when they’re paid for from rent.

Once the rent stops, the mortgage, insurance and other property costs don’t. We’ve spoken to plenty of landlords who assumed they’d sell quickly, only to find months of carrying costs steadily eating into the equity they’d worked so hard to build.

If you’re thinking about leaving the PRS, it’s worth planning how you’ll sell just as carefully as deciding when.

Instead of spending months preparing vacant properties, waiting for tenants to leave, decorating, finding estate agents and hoping chains hold together, we help landlords achieve a clean exit while continuing to collect rent right up until completion.

We typically achieve 85 – 90% of the market value, and for that we cover all the costs and take away all the hassle that comes with selling the portfolio.

We find solutions for sellers, buyers and tenants. And by looking after tenants, they help us help our sellers. It means sellers can keep all their options open and we can sell to incoming landlords, investors, corporate buyers, owner occupiers or the tenants themselves.

We have a wide range of experts at the end of a phone line helping to make it possible even when tenants don’t have a deposit – all at no extra expense to the seller.

If that’s not possible, our plan B is to sell to incoming landlord who want to keep tenants in situ or to help tenants leave by offering practical and financial help to move so they sign a voluntary deed of surrender.

Because we work so hard to keep so many options open and provide an alternative way of selling that people will want to choose, we don’t believe you will get a higher price if you want to sell with tenants in situ.

Any company promising you more is hiding a huge list of costs that are going to come after the sale. That’s not the case with us. We are proudly transparent about everything we do and the offer you accept is the offer you will walk away with.

If you want to avoid the costs and risks of vacating your property before finding a buyer, we are the UK’s No.1 Tenanted-Sales Specialist and your best choice.

The second half of the year has a habit of disappearing. Before you know it, the children are back at school, autumn is here and Christmas is on the horizon.

So, if leaving the PRS is one of your goals, now is the time to get everything ready.

With so popular opinion that house prices will not grow over the next three years (and may even fall), there’s nothing to gain by waiting any longer for “the right moment”.

Contact Landlord Sales Agency now and we’ll help you prepare your strategy, prepare the listing and be ready to take advantage of the traditional increase in buyer activity straight after the summer holidays.

Let us get on with the prep while you get on with your holidays and your life.