How to go about selling a tenanted property
When you’re the owner of a house or flat that has happy tenants who pay their rent on time, you might think it would be a bad time to sell – but this is not always the case.
Selling a tenanted property: three frequently asked questions
At LDN Properties, we’ve worked with many homeowners to buy their tenanted houses and flats, and these are the top three questions we’re most frequently asked about selling:
✅ Does having tenants hurt or help the sale price of my home?
It can cause the sale price of your home to be lower, however in some cases, it might even help to increase the value. If a buyer knows there is a current tenant with a lease and rent that they’ll take over, this can take the uncertainty out of a purchase.
✅ Should I wait for my tenants to move out before selling?
You don’t have to, and as described above it can sometimes help your sale prospects by having tenants in the property. But if you want to wait until the home is empty, this gives you the chance to make upgrades that might further boost the value of the property.
✅ What happens if my tenants refuse to leave?
This is rare, but it can happen, so if your tenants refuse to leave by the legally agreed upon move-out date then you will have to start eviction procedures. Consult with a solicitor before launching this process, as it should be a last resort.
It’s possible to sell your tenanted property when you call LDN Properties
Even if you have tenants in your property, you might still be able to sell it quickly and for a competitive no-fee cash offer by calling the friendly team of experts. Pick up the phone and call 020 7183 3022 to speak with us about a no-cost, no-obligation quote for selling your tenanted house, or click on the "Request Offer" button below.
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