18:39 PM, 22nd April 2015, About 8 years ago 10
What is the best way to sell (or buy) a buy to let property these days?
My thoughts on this have evolved in recent years, mainly due to the the speed at which the buy-to-let market has become more and more established.
So here’s a question for you to ponder ….
Does buying a tenanted property make sense for Buy-to-Let purchasers?
My answer would be that rental voids are inevitable following a purchase with vacant possession, not so with a property that is already tenanted.
With so many BTL properties now in the market, why not buy or sell property with tenants in situ?
What investment property buyer would choose a vacant property over an identical one with tenants who have been in-situ for some time, have an unblemished track record of making their rental payments on time, and are taking good care of the property and respecting their neighbours?
Have you ever come across a tenant who was happy to be served notice because their landlord wanted to sell? What if they didn’t have to leave?
Just consider how much money buyers and sellers of tenanted property could save in terms of rental voids and agents fees!
The new Property118 portal allows buyers to set up email alerts so they are immediately notified when a property matching their purchasing criteria is listed. Furthermore, buyers can search by area or simply scroll through all Premium listings until they find something of interest.
It’s FREE for landlords and agents to advertise buy to let property for sale via the Property118 portal; No commission, No Memberships!
So why not take a look for yourself at some of the properties already listed?
When purchasers enquire about properties advertised on our portal we also share our tried and tested due diligence tips.
When landlords consider selling a buy to let property via conventional means they are immediately faced with a list of dilemmas:
1. Will my tenant cooperate with viewings?
2. Will my tenant move out and leave me with a rental void and negative cashflow?
3. If the property is unoccupied what will happen to my insurance cover?
When you list your Buy-to-Let property for sale on our portal we will share tried and tested tips with you to make certain that the process of selling runs as smoothly and profitably as possible.
Property118 is the ideal website for landlords and their agents to sell buy to let properties because it is already so popular with landlords and associated property professionals. In other words, potential buyers are already here.
— Mark Alexander (@iAmALandlord) April 22, 2015