Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
I have been a long time Property118 reader and am always amazed at the amount of advice that readers questions get, so have decided to try it for myself!
I am a small time landlord with 4 properties which I self manage. For work reasons we have been living in rented accommodation, but now wish to buy our own place. Three of our properties have long term tenants in them who are great and give us no trouble at all. The other is a student flat in central Edinburgh. The tenants are no problem, but they change every year and this means that this flat is the most work and that is why we have decided to sell this one.
The flat itself is in a great location, loved by students and rents out almost instantly every year when I put it on Gumtree. It is ex-local authority, in a rather ugly concrete building.
My question is; the most probable buyer will be either another landlord or a student parent, so what is the best time to put it on the market? Term starts at the beginning of September. Is Easter too early? The current students there are both leaving at the end of May, although I can easily rent it out over the summer if I need to.
Also, does anyone have any advice about whether I should use an online or high street agent? I think most buyers now use the Internet, so why pay the much higher prices for a local agent?
I would be grateful for any advice from anyone out there who has knowledge of the Edinburgh market or any good online estate agents that deal with Scotland.
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