Give us a call for your free of charge, no obligation valuation of your tenanted property.
Key to a successful sale is open and honest communication with all parties including your tenants and existing lettings agents. We will liaise with all parties on your behalf, explaining next steps and how we work solely with landlords to sell your property.
We’ll market your property to our 30,000+ network of global property investors as well as the major UK property portals.
Where necessary, we’ll work with your tenants and lettings agents to organise property viewings for potential landlords. In all instances, we’re mindful of tenants wishes, and will work with them to present your property in the best way possible.
We inform you of all offers from our investors, and will negotiate on your behalf to deliver the best price for your property.
Our dedicated sales progression team will work with you throughout the legal process to ensue a swift and seamless progression through to completion of sale.
Call us on +44 (0) 161 337 3890 or contact us using the form below to arrange your free no obligation property consultation.
Q) What Are The Benefits Of Selling The Property Whilst It’s Tenanted?
A) There are a number of key reasons why you should consider selling your buy to let property with the tenants in situ, the key one being that you have the opportunity to generate rental income right up to completion. You also avoid additional monthly expenses including utility bills and council tax, all of which are payable on a vacant property. Assuming that the average sale takes 4.2 months (Source: The Advisory ‘Time To Sell’ Study), it’s easy to see how these costs can easily start to add up.
It’s also worth noting that on average 20-30% of property sales fall through, indeed over 300,000 property sales failed to complete in 2020. This often leads to the property being remarketed, adding an additional void period to the overall costs, all of this whilst your mortgage repayments are still payable.
Q) Why Should I Choose Pure Investor To Sell My Tenanted Property?
A) We only work with landlords, and our sole focus is to sell the property to another landlord on your behalf. We have a large database of experienced property investors, over half of which are based outside the UK, but who own properties throughout the UK. Our team are experienced in working with landlords, and in selling properties which are tenanted. This experience is critical, and gives you the best chance to sell your buy to let property with the tenants in situ.
Q) Where Will You Market My Property?
A) Selling a tenanted property is very different to traditional estate agency, and simply listing a property on the property portals does not give you the optimal coverage to what is a relatively specialist audience.
We will not only market your property on the major property portals including Rightmove and Zoopla, but you will also be listed on our main Pure Investor website, which benefits from over 500 experienced property investors every day. The property will also be marketed to our database of over 30,000 property investors via our inhouse marketing initiatives.
Q) Will You Provide Me With A Valuation On My Tenanted Property?
A) Yes, whether you’re actively considering selling your tenanted property, or simply curious as to its current valuation on the market, we’d be delighted to provide you with a valuation on a free of charge, no obligation basis.
Q) Will You Require Access To My Property In Order To Sell It?
A) As with all property sales, we will require access to your property in order to compile the relevant marketing information and photography. We want to present your property as professionally as possible, and it makes sense for us to visit the property as early as possible in the process.
Key to a successful sale is honesty and transparency with all parties. It’s worth noting that the most effective way for us to arrange access to the property is directly with the tenants rather than through any third party. In our experience, we’ve found the vast majority of tenants want to stay in their property, and are happy to work with you once the process has been explained to them. Throughout the process we will respect the tenants and their right to a quiet and peaceful environment.
Good, effective marketing including detailed photography and walkthrough videos often remove the requirement for multiple viewings. We also work closely with prospective buyers to ensure that there is a genuine interest, and ability to proceed prior to booking any viewings at the property.
Q) How Do You Work With My Tenants?
A) We’ve found that the key to a successful sale is to work with your tenant in an open, honest and transparent manner. Throughout the process, we will be respectful of the requirements and rights of your tenant to ensure a smooth and seamless transition through to completion.
From the outset, we will explain that we work solely with landlords, with a view to selling them a property with a tenant in situ. A good quality tenant is a positive for both the landlord and the tenant, and open and honest communication with all parties from the beginning of the process is crucial to achieving a successful sale.
Q) I Already Have A Good Lettings Agent Managing The Property. Will You Be Looking To Change This?
A) No, as above the key here is honest and transparent communication from the outset. The key objective for our landlords is to purchase a property which is managed and already generating a rental income. As such, we’re happy to include the information from your existing agents to present a more managed investment option.
Q) What Type Of Tenanted Properties Do You Sell?
A) We sell all types of residential tenanted properties, including apartments, studios and houses. For more experienced investors, we also work on larger portfolio sales.
Q) How Much Will You Charge Me To Sell My Tenanted Property?
A) We charge a fee of 1.25% plus VAT of the sale price on a ‘no sale, no fee’ basis. Discounts for multiple unit and portfolio sales are available on request.
Featured ArticleWith almost 4.5 million private rented properties in the UK, it's understandable that at some point almost every property investor will ask themselves 'what are the advantages of selling a buy to let property with sitting tenants?'