How to sell a tenanted property

How to sell a tenanted property

8:58 AM, 12th January 2021, About 5 years ago 12

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I have only one property, which is tenanted, and I am thinking about selling it, but I am not sure the best way to do this.

I would like to sell it with the tenants in situ mainly because they have been good tenants and I want to avoid eviction.

I have contacted a few online companies, but they only want to give me 85% of the property value, which I obviously do not want to do.

Just wondered from other landlord’s experiences how you sold properties, please? Did you just use a regular estate agent? Are there any specialist agencies you would recommend?

Many thanks.

Clair


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David Coughlin - Landlord Sales Agency

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Member Since June 2020 - Comments: 21 - Articles: 152

9:00 AM, 16th January 2021, About 5 years ago

Reply to the comment left by Chris Harris at 16/01/2021 – 08:45
Lol 🙂 my bad – we would all become tenants in a flash 🙂

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Jon D

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Member Since October 2016 - Comments: 55

20:48 PM, 17th January 2021, About 5 years ago

Sell at auction, with the extra catalyst of… an auction date! Unlike the ‘modern method of auction’.

Fees approx £1500+VAT fixed. Probably £250 up front for compiling the listing and 3D model. Recommend national brand like SDL. But not another brand which ‘sounds like’ wolfe in sheep’s clothing. I can’t say anymore, but suffice to say their guide prices are shocking fakes.

It will be done & dusted at timed auction, so why wait? Life is too short.

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