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Should I sell at 75 and if so how should I go about it?

Should I sell at 75 and if so how should I go about it?

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by Readers Question

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9:36 AM, 3rd August 2021, About 4 years ago 48

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I always said I’d sell my small portfolio of 4 terraced houses, situated in a Northwest town when I reach the age of 75. I’m nearly 73 now, but thinking I should sell now, as the market seems right.

Each of my houses is tenanted with good tenants who have indicated that they are there for the long term, one already entering a 6th year. Rental yields are fairly good, but as house prices rise unless rents increase (fairly substantially) yields will drop. Ideally, I’d want to sell the properties tenanted.

I would be grateful for any responses from members on this forum to my queries/concerns:
– Should I sell as a portfolio or individually;
– Untenanted;
– Use an agent, if so a high street one or a “specialist” buy-to-let selling agent and if so where do I find one?;
– Selling property can be a messy and drawn out business, something I am not looking forward to, how best can this be minimised?

Any tips, advice, experiences would be welcomed.

Mike

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Ashley

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Member Since January 2020 - Comments: 7

10:52 AM, 4th August 2021, About 4 years ago

Reply to the comment left by Marlena Topple at 04/08/2021 – 09:02
Hello
I have a portfolio of 11 properties in Bristol & Chepstow. I am looking to sell some of the portfolio. The properties are all tenanted with good tenants. I would be only interested at selling at full market value, if this is of interest to an investor.

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Reluctant Landlord

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Member Since September 2018 - Comments: 3338 - Articles: 5

10:59 AM, 4th August 2021, About 4 years ago

Reply to the comment left by Alice Forb at 04/08/2021 – 10:18
just sent you an email.

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Marlena Topple

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Member Since July 2016 - Comments: 160

11:31 AM, 4th August 2021, About 4 years ago

Reply to the comment left by DSR at 04/08/2021 – 09:42
Thanks. It is tough to get property as you say. We have one flat in B7. My email address is [email protected].

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Alice Forb

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Member Since August 2021 - Comments: 14

11:42 AM, 4th August 2021, About 4 years ago

Reply to the comment left by Ashley at 04/08/2021 – 10:52
Ashley,
Please email me. I’ll take at full market price.

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Reluctant Landlord

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Member Since September 2018 - Comments: 3338 - Articles: 5

12:02 PM, 4th August 2021, About 4 years ago

Reply to the comment left by Marlena Topple at 04/08/2021 – 11:31
just sent you an email 🙂

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COLUM SHARKEY

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Member Since June 2017 - Comments: 1

12:18 PM, 4th August 2021, About 4 years ago

Reply to the comment left by Sanjeev Markanday at 03/08/2021 – 13:25
Hi Sanjeev
Interested in the 2 bed in E1W

Happy to talk to you . Thanks

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Ashley

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Member Since January 2020 - Comments: 7

12:28 PM, 4th August 2021, About 4 years ago

Reply to the comment left by Alice Forb at 04/08/2021 – 11:42
Hi Alice

Can you let me have your email address?

Many thanks

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Maria Kelly

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Member Since December 2016 - Comments: 2

13:04 PM, 4th August 2021, About 4 years ago

Reply to the comment left by Maria Kelly at 04/08/2021 – 10:11
I have a 2 bedroom maisonette in London NW5 and a 2 bedroom Camden Road, London N7

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Hayden the snake

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Member Since May 2017 - Comments: 4

13:27 PM, 4th August 2021, About 4 years ago

if you have any (tenanted) freehold properties with a 5% or more yield in the Suffolk or north Essex area for sale, please contact me

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Alice Forb

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Member Since August 2021 - Comments: 14

13:47 PM, 4th August 2021, About 4 years ago

Reply to the comment left by Ashley at 04/08/2021 – 12:28
Ashley,
My email address is [email protected]

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