Sell A Tenanted Property
We will purchase your buy-to-let property.
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Can I Sell my Property with Sitting Tenants?
Yes, you can sell your property with sitting tenants, but it requires careful consideration of legal, financial, and practical aspects.
Legally, tenants may have the right to remain in the property until their lease ends, so it’s important to review the tenancy agreement and inform tenants of your intention to sell. This fosters cooperation during viewings and ensures a smoother transition.
Financially, properties with sitting tenants often sell at a lower price compared to vacant properties due to the perceived complexity. However, selling to a property buying company such as ourselves can be advantageous. The benefits, such as steady rental income and no need for tenant sourcing, can make the property more appealing to us.
Why sell your property with Sitting Tenants?
Selling your property with sitting tenants can be a strategic and beneficial decision for several reasons.
Firstly, it can be appealing to buy-to-let investors such as SellTo who are looking for immediate rental income. We often value a property that comes with an existing, reliable tenant, as it eliminates the need for us to find new renters and provides a steady income stream from day one.
Secondly, selling with tenants in place can save time and reduce the hassle associated with making the property vacant. Evicting tenants or waiting for their lease to end can be a lengthy and complicated process, especially if the tenants are uncooperative or have a long-term lease. By selling with tenants, you can avoid potential legal issues and delays, making the sale process quicker and more straightforward.
Lastly, maintaining tenants in the property during the sale can keep it occupied and maintained, which can be beneficial for the property’s condition and security. Vacant properties can sometimes fall into disrepair or become targets for vandalism. Having tenants ensures the property remains cared for, potentially making it more attractive to prospective buyers who can see it as a well-maintained, lived-in home.
How can I Sell my Tenanted Property Fast?
If you need an extremely fast sale, consider selling to a property buying company such as SellTo.
We buy specialise in quick purchases and can offer the convenience of a fast, no hassle cash transaction.
At SellTo we know how difficult it is to sell a house quickly, which is why we have found a way for homeowners to speed up the process.
We know you have a lot of options for how to sell your tenanted property fast, but we believe our service is the most efficient service you’ll find out there.
Below we highlight why it can make sense to choose us over a traditional estate agent.
SELLTO
For you if speed of sale is important.
- SellTo will buy your home QUICK
- When you need a Fast and secure sale
- Quickly exchange and complete
- No mortgages or estate agents
- No legal fees or sales commission payable
- Hassle and stress-free
WHY CHOOSE SELLTO
You may simply be looking for a quick and secure sale in the least amount of time possible. You may also not wish to deal with estate agents, viewings, mortgages falling through and buyers messing them about. We offer both cash purchase and auction solution. Auctions have evolved considerably in recent years and people like you are now getting amazing results. Here at SellTo, we can get your property listed in days and we ensure all properties that we send to auction get the very best exposure. The beauty of the auction service is that once the hammer falls, the buyer is obliged to complete. Failure to do so results in heavy financial penalties (hence why buyers complete the sale quickly.) So if you are looking for a fast cash sale or quick auction sale, contact us today.
ESTATE AGENT
Could be for you if you want to sell slowly.
- Slow Sale: Averages are 120+ days
- Charge 1-3% of the sale price as commission
- Ongoing mortgage payments whilst you wait
- Ongoing council tax payments whilst you wait
- Costs for legal services
- Costs for property refurbishments
WHY CHOOSE ESTATE AGENT
Selling through traditional estate agents is the most common approach but is often the slowest option available. The entire process can take around six months from the moment the property is listed to completion. Of course, this does depend on the location and the condition of your property. Some estate agents may have great track records that can help get your property sold eventually, but the timeline is unlikely to suit you. Additionally, estate agents typically charge a percentage of the final sale price between 1-3% as their commission, which can equate to quite a substantial fee. But don’t forget to factor in the additional costs like solicitors or any refurbishments required to get the property sold. So not only is it a long process but quite costly too.
Our Service SAVES you in fees and costs
Compare a typical £100k property sale in this table.
Once you total up the costs of sale and time delays; the difference may not be as much as you would expect.
| Estate agent (6-9 months) | SellTo (7-28 days) | |
|---|---|---|
| Original advertised price | £100,000 | N/A |
| Agreed purchase price | £95,000 | £85,000 |
| Estate agent fees | -£2160 (average) | £0.00 |
| Ongoing mortgage payments | -£3000 (6 months average) | £0.00 |
| Solicitors & legal fees | -£700 (average) | £0.00 |
| Renovation, repairs & maintenance | -£1000 (typical) | £0.00 |
| Council tax | -£800 (average) | £0.00 |
| Net price achieved | £84,340 | £85,000 |
How our Cash property buying service works
Step 1
Get in Touch
Contact our professional house buying team to discuss your property to receive your offer.
Step 2
Receive your Offer
After an independent valuation, we will make you a free, no-obligation cash offer for your house.
Step 3
Completion Date
If you choose to accept our formal cash offer, you decide the date for sale completion that best suits your needs.
Step 4
Get Paid
On your chosen completion date, the house sale is legally completed and the money is transferred to you.
Sell a Tenanted Property Portfolio
Selling a tenanted property portfolio to SellTo can provide significant financial and strategic benefits.
Firstly, it allows for the immediate release of substantial capital, which can be reallocated to other investment opportunities, used to pay off debts, or fund new ventures. By capitalizing on market conditions, especially during peak property market phases, you can maximize your returns and lock in profits from appreciated property values.
Managing multiple properties can be complex and time-consuming, involving various tenant issues, maintenance, and legal compliance. By selling your portfolio, you can simplify your investment management, reduce administrative burdens, and potentially lower your stress levels. This move can also align with personal financial goals, such as retirement planning or estate simplification, providing liquidity and flexibility to meet your changing needs.
A portfolio of tenanted properties is highly attractive to buy-to-let investors seeking immediate rental income and diversified property investments. Such portfolios often command premium prices due to their ready-made income streams and established rental histories. By strategically marketing your portfolio to the right buyers and highlighting its financial stability and potential, you can expedite the sale process and achieve a favourable outcome.
At SellTo we buy Tenanted Property Portfolios and we buy Tenanted Houses. We also buy Tenanted Flats.
Contact us now to see what we can do for you.