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Sell a Tenanted Property in Sheffield
If you’re a landlord who’s tried to sell an investment property with tenants in situ, there’s no shame if you’ve felt like pulling your hair out. It can be a slow and complicated process due to the legal stipulations involved and given that many other landlords are looking to cash in on at least one of their properties this year.
Whatever your reason for selling your house with a tenant in Sheffield, at We Buy Any Home, our team of professionals can help you sell it fast. You don’t have to worry about selling on the open market and waiting for another landlord or regular buyer to appear. If you’re curious about the price you could get from a fast, stress-free sale to the UK’s leading cash house buyer, simply fill in our enquiry form to get a cash offer for your buy-to-let property today.
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Want to sell a tenanted property in Sheffield? Our process is really simple.
Free cash offer within minutes, no legal fees, any location.
Fill in the online form
To receive our best cash offer within 24 hours, fill in our enquiry form.
Receive offer
We’ll then call you to get more details about your property before making a no-obligation offer. If you’d like to proceed, the rest of the process is a piece of cake.
Paperwork and sale complete
We’ll send paperwork for you to complete, instruct solicitors (we cover all the fees!), and arrange for up to two RICS-certified surveyors to assess your property. We do this so you can ensure our offer is honest and fair.
If our offer has to decrease after the surveyors have assessed your property, don’t worry, you are not tied in, and you can walk away from the deal even if the offer changes by a penny.
After final legal checks, all you need to do is confirm the completion date you’d prefer (we can adapt to your needs) and then it’s all done. You’ll receive funds in your account, and your tenanted property in Sheffield will be sold. It’s that easy.
Free cash offer within minutes, no legal fees, any location.
Selling your property with a tenant Sheffield
Buy-to-let mortgages have been popular since their launch in 1996. This kind of mortgage allows an individual to buy a property and rent it out, and it has proved to be a potentially lucrative investing strategy. But this year, many landlords are deciding now is the time to sell at least one of their investments. If that’s you, you might wonder what’s the easiest and fastest way to sell a tenanted property in Sheffield. When it comes to selling the conventional way on the open market, you have two options. You can either sell the property to a regular buyer or sell it to another landlord. There are obstacles involved in both of these options, though.
Regular buyer
Sheffield is an attractive city for regular buyers, especially first-time buyers because the Yorkshire and The Humber region has an average house price of £212,313 (as of August 2022). This figure is well below the national average of £295,903. The city is also one of the greenest in the world, ranks as the top UK city to start a business, and boasts a vibrant and lively city centre.
Despite Sheffield’s many merits, selling a buy-to-let investment property to a regular house buyer is a real challenge. The simple fact is most regular buyers will want to move into the property immediately, but if you have tenants in situ, there could be a long wait before the property gets vacated.
As a landlord, you must respect the terms of the tenancy contract, such as an Assured Shorthold Tenancy Agreement. If this agreement is in place, it would mean giving your tenants at least 2 months’ notice before they must leave the property. The tenant’s right to ‘quiet enjoyment’ may prevent you from doing viewings and refurbishments to the house while the tenants live there. In the worst-case scenario, a tenant may refuse to leave. If this happens, you will need to begin a lengthy eviction process that can cost a lot of legal fees. It could also mean losing out on rental income during the process.
Landlord buyer
To avoid the complications of selling a property with tenants in Sheffield to regular buyers, you could sell to another landlord. But this, too, can be tricky, and there’s no guarantee of a quick sale.
Of course, the benefit of doing this is that you can pass over the tenancy agreement to the new landlord. This allows the tenants to keep living in the property and for you to maintain rental income until the sale is complete. A landlord buyer could also be attracted to the immediate rental income they’ll get once they’ve bought the property.
But there’s still no guarantee of a fast sale. Due to changes in tax relief, stamp duty and stricter regulations lowering buy-to-let profits, many other landlords are looking to sell their own investment properties. Depending on the price, location and condition of your tenanted property in Sheffield, you may find there isn’t much interest from other landlords.
Another stumbling block is the decrease in demand for city centre flats. Since the Covid-19 Pandemic, the number of people working from home has gone up. As a result, many people are looking for larger properties to accommodate home offices and gardens. As of November 2022, the average Sheffield flat spends 240 days on the market.
Free cash offer within minutes, no legal fees, any location.
Selling A Tenanted Property in Sheffield FAQ's
How much does it cost to sell a tenanted property?
Is a cash buyer the best way to sell a buy-to-let investment property?
How can you buy so fast?
Is it better to sell a house with or without tenants?
How much does it cost to sell a tenanted property?
Can I sell my tenanted property?
I have problem tenants. Will you still buy my property?
Due to the factors we’ve mentioned, selling a tenanted property in Sheffield can be very expensive. There are also estate agent and solicitors fees involved when you go the open market route. The good thing about working with We Buy Any Home is you don’t have to pay anything to sell your property. There are absolutely no hidden fees. If you’re curious about the price you could get in as little as 7 days, why not get a free quote?
How much does it cost to sell a tenanted property?
Due to the factors we’ve mentioned, selling a tenanted property in Sheffield can be very expensive. There are also estate agent and solicitors fees involved when you go the open market route. The good thing about working with We Buy Any Home is you don’t have to pay anything to sell your property. There are absolutely no hidden fees. If you’re curious about the price you could get in as little as 7 days, why not get a free quote?
Is a cash buyer the best way to sell a buy-to-let investment property?
We’re not necessarily the best way for everyone to sell their buy-to-let. If you’re certain you won’t experience any of the issues we’ve mentioned and you’re happy to wait for a buyer from the open market, the conventional way may be best for you. But if you want a guaranteed fast sale, we’re the most reliable option.
How can you buy so fast?
As a genuine cash buyers, we use our own funds to buy properties. When you hire us, you won’t be waiting around for a mortgage to be secured or for estate agents to list your property. You’ll get a contract within days and have the sale wrapped up as quickly as you need.
Is it better to sell a house with or without tenants?
It makes no difference to us! Our property experts have the knowledge and skills to buy a property in both instances.
How much does it cost to sell a tenanted property?
If you choose to sell with a cash house buyer like us at We Buy Any Home, there are no upfront fees or hidden costs. It’s completely free, and you can receive rental income right up till the selling day. However, with the traditional route, there may be a loss of rental income, solicitor fees, estate agents and event refurbishment costs to consider.
Can I sell my tenanted property?
Yes, you can, get in touch through our enquiry form, and we’ll contact you within 24 hours with a cash offer.
I have problem tenants. Will you still buy my property?
Yes, we will. Even if the tenants are refusing to let anyone view the property or have left it in a state, we’ll buy it from you. To receive a free cash offer, simply fill in our enquiry form.
Get a free cash offer for your home in Sheffield
Selling your Sheffield property with tenants quickly
Neither selling to a regular buyer nor selling to another landlord can guarantee a fast and cheap sale. But here’s where we can help.
If you’ve had trouble selling on the open market or if you simply want to sell fast, our passionate property experts can guide you to a straightforward sale. We can buy your property with tenants in up to 7 days and pay you 100% cash. It doesn’t matter where you live in Sheffield or the condition or size of your property.
We’ll buy your property and respect the rights of your tenants, allowing them to stay in the property as we’ll take over the tenancy agreement. We don’t even need to view your property to make an initial offer, and you don’t need to worry about refurbishments. With us, you’ll experience the cheapest way to sell a tenanted property in Sheffield because we charge you nothing! Not even for solicitors, and we don’t take a commission. You’ll also avoid paying out fees to estate agents or letting agents.
Why work with We Buy Any Home to sell with tenants in Sheffield
With over 300 years of experience among our founders and managers, We Buy Any Home is the biggest and one of the oldest cash house buyers in the UK. Like the many people we’ve helped all over Sheffield, we can guarantee you a fast and stress-free sale. We understand the frustration of trying to sell on the open market, and that’s exactly why we wanted to offer an alternative option to landlords.
Instead of waiting for months on end while estate agents gobble fees, you can sell your investment property and move on to your next project or chapter of your life straight away.
Our friendly team would love to learn more about your specific needs, so feel free to call us. If you’ve already received an offer from another cash house buyer, we can beat it! If you want to sell a tenanted property in Sheffield fast, fill in our enquiry form and get a cash offer for your buy-to-let property today.
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