Did you intend to become a landlord?
Or would you have preffered to sell your house fast for a little less money but a lot less hassle?
The current property market has left many people who had no intention of becoming landlords 'accidental landlords.' These are former owner occupiers who had trouble selling their home and so decided to rent it out instead. The only problem is this can lead to dealing with tenants – and not all tenants are good.
There are a lot of people who will tell you that property is a great investment, and for many people it can be, but if you never set out to be a property investor or a landlord for that matter how are you going to handle things when you face a difficult sitation with your tenant. The alternative is to sell your house to a property investor – someone with experience in the area who is more equipped to dealing with the challenges tenants can create.
So – once you've got a house that's got tenants in it – how do you sell?
Sitting tenants can be a big turn-off to a lot of prospective purchasers, especially if they're looking to be owner occupiers. Would you buy a house that you couldn't move into for six months because there was already a tenant in place? That's the challenge your facing, your market is more limited.
Your best option is to look for cash buyers – especially if you want to sell your house fast. Cash buyers are used to doing fast completions on houses and they're also mainly investors who are experienced at dealing with tenants. These are the type of buyers who won't be put off by tenants and are most likely to offer you a fair price with a realistic sale time-frame.
Find a cash buyer who will buy your tenanted property:
- Speak with estate agents in your area. Ask if they deal with a lot of investors, ask their opinion on the price an investor might pay for your property. Always speak to more than one to make sure you're getting the truth!
- You can try marketing your property yourself – newspapers, leaflets and flyers, online with gumtree, zoopla or rightmove, only do this if you don't mind a lot of hard work and a lot of people wasting your time.
- Look for local property investors in the newspaper, on websites, many use signs or leaflets themselves so ask your friends and neighbours whether they've received any information about people looking for properties where you live.
A word of advice – when you're approaching property buyers yourself, always look for people who are local to your area, local investors have a better feel for the market and so will be able to pay more reasonable prices. If you're researching companies who offer to buy houses for cash, do your research, see what information they have available to help your decision – the more open and honest they are with information, the more likely they are to deal fairly with you.
At Sell my house fast Nottingham we can help if you do want to sell your tenanted property, we can offer great cash prices, quck completion of purchase and since we deal with tenants on a regular basis we're ready for sitting tenants – good or bad. We are cash buyers, so if you think that could work for you, please get in touch today.
To make sure you are informed before you make your decision you could take advantage of some more great tips for selling your house in the current property market follow the link below to receive our free 60 minute DVD.