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?

9:36 AM, 3rd August 2021, About 3 months 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



Comments

by Claire Wray

11:25 AM, 5th August 2021, About 2 months ago

Reply to the comment left by alex bolt at 04/08/2021 - 13:27
Hi Alex Would you email me please on clairemwray@gmail.com? Thanks

by Karen

7:55 AM, 7th August 2021, About 2 months ago

Hi
I’m heading to retirement and I have an Aberdeen portfolio of 4 properties:
6 bed/5 bed/9 bed/13 bed. HMOs. All tenanted.
The 5 and 6 bed are leased to the same company.
Is there any interest in Aberdeen properties?

by Rubina Qaiyoom

11:52 AM, 16th August 2021, About 2 months ago

Reply to the comment left by April Coppinger at 04/08/2021 - 16:44
Hi April
I understand how you feel about retirement being semi-retired myself. I would be interested in your properties and actually I live close by and am familiar with the area. I would also love to learn from yourselves and chat about your experience of holding this portfolio and what you think about the area.
Contact me at rubina_qaiyoom@yahoo.co.uk

by Gavin Swinburne

12:37 PM, 16th August 2021, About 2 months ago

Reply to the comment left by Gwen Davies at 04/08/2021 - 09:25
Hi Gwen, I am active in that area. Wold be interested to chat with you. Many thanks, Gavin

by Gwen Davies

14:11 PM, 16th August 2021, About 2 months ago

Reply to the comment left by Gavin Swinburne at 16/08/2021 - 12:37
Can you email me please gwendolyndavies@aol.com

by Puzzler

12:40 PM, 17th August 2021, About 2 months ago

Reply to the comment left by Sanjeev Markanday at 03/08/2021 - 13:25
Hi Sanjeev

Might well be interested - if you are serious please email rannd@hotmail.co.uk

by Richard G

10:31 AM, 24th August 2021, About 2 months ago

Hi, I have 4 flats in one block looking to sell. Worthing, West Sussex. There are 2 shops on ground floor also available, as is the freehold.

by Edwin Omonedo

8:00 AM, 28th August 2021, About 2 months ago

Hi Richard I'm interested in the flats, what's the post code please.You can contact me: eomonedo@yahoo.com

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