fbpx
Contact Us Icon
Call us free today
0800 774 0004

Sell house with tenants in Glasgow. 

Receive funds within a week. 

  • FREE cash offer within minutes
  • Receive funds in 7 days
  • A guaranteed sale on any property

Sell A Tenanted Property in Glasgow

We make it possible to sell with tenants in Glasgow:

  • Cash house buyer
  • No additional costs or hidden fees
  • Your timeline

Glasgow is home to four universities and the second-highest student population in the UK. Additionally, Glasgow offers a vibrant scene with arts and music on offer. As a result, many properties in Glasgow are privately rented and provide investment opportunities for property owners.

 Here are some statistics: 

It is common for property owners to need to sell with tenants in Glasgow. This can be challenging to manage and isn’t always possible on the open market. When you choose to sell a tenanted property, you may find that the buyer pool is limited to other landlords. This reduces the chances of a quick sale if you cannot find a buyer.

Get a free cash offer for your house in Glasgow

To get started on selling your tenanted house in Glasgow, you can expect the following simple stages.

We Buy Any Home

Free cash offer within minutes, no legal fees, any location.

  • Initial enquiry

    Simply get in touch through our enquiry form to get a free cash offer for your property. All we require are the property details and your contact information.

  • Receive an offer

    Next, a member of our experienced buying team will be in touch within 24 hours to provide you with an initial offer. They will consult third-party information sources like LandRegistry and industry knowledge to calculate the market value. If you’re happy with the offer, we will send it in writing or through the post.

  • Final offer and purchase completed

    Once you’re ready to accept the form, some necessary paperwork will be required. Following this, we’ll arrange for a maximum of two RICS-certified surveyors to value the property, and we’ll appoint a solicitor too. This will be of no extra cost to you. Once we have received all the reports, we’ll be able to make a final offer. If you accept, we’ll be able to complete the sale.

Free cash offer within minutes, no legal fees, any location.

Selling a Buy-To-Let Property

When choosing to sell a tenanted property, there are a few things to consider. One of those things is if it is a buy-to-let property.

Due to financial concerns, landlords may look to sell properties to reduce the financial burden and benefit from higher property values while they can. However, selling a tenanted property may mean that it can take longer to find a buyer.

Recession and Covid-19 impact

Due to financial concerns, landlords may look to sell properties to reduce the financial burden and benefit from higher property values while they can. However, selling a tenanted property may mean that it can take longer to find a buyer.

Section 24 Landlord and Tenant Act

The changes to this legislation have resulted in mortgage interest and other property finances no longer being tax-deductible. This means the financial incentive of investing in buy-to-let properties may no longer be worth it for some, and other investment opportunities may be more appealing. But, selling a property with a tenant so you can invest in something else may not be as easy.

EWS1 Concerns

Due to the Grenfell tragedy in 2017, it is mandatory for flats with cladding to be given a formal safety review. Without getting this review, you may find that potential buyers cannot get a property loan due to the risk. However, at We Buy Any Home, we purchase properties using our funds and do not need approval from third-party lenders; therefore, we are in a position to purchase your property.

Problem Tenants

Tenants who have caused issues are another reason landlords may be looking to sell. It may just not be financially motivating enough to continue. At We Buy Any Home, we’ll purchase properties with problem tenants and take over a tenancy agreement. We can also buy properties with tenants refusing to leave.

Free cash offer within minutes, no legal fees, any location.

Selling A Tenanted Property in Glasgow FAQ's

If you sell a property with a tenant in situ, then the tenancy agreement can be taken over by the new landlord. The tenant will continue living at the property until the agreement expires. The new owner can then decide to renew or evict the tenant.

Get Free Cash Offer

What happens if you sell a property with a tenant in situ?

If you sell a property with a tenant in situ, then the tenancy agreement can be taken over by the new landlord. The tenant will continue living at the property until the agreement expires. The new owner can then decide to renew or evict the tenant.

Get Free Cash Offer

Is it better to sell a house with or without tenants?

Selling a house without tenants is easier when approaching regular buyers who want to move into the property. However, if you have access to other landlords or investors, they may be open to taking on the property as an investment opportunity.

Get Free Cash Offer

Why are houses sold with tenants?

When properties are sold with tenants, the new landlord is able to begin receiving rental income, which provides a means of investment. Sometimes, due to existing tenancy agreements, properties have to be sold with the tenant still living there.

Get Free Cash Offer

Is it easier to sell a house with tenants?

It is easier to sell a house with tenants if you have access to investors or landlords willing to take over a tenancy agreement. If not, at We Buy Any Home, we can purchase properties in as little as seven days with minimal disruption.

Get Free Cash Offer

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.

Get Free Cash Offer

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.

Get Free Cash Offer

How much notice do I have to give a tenant if I want to sell my house?

If your tenant has lived in the property for more than six months and you are evicting them for the reason of selling, you must give them 84 days’ notice. If it has been less than six months, it will be 28 days.

Get Free Cash Offer

Get a free cash offer for your home in Glasgow

Selling a property with tenants in Glasgow

When deciding to sell a house with tenants, you are faced with two options. Selling to another landlord or selling to a regular buyer. Here is how it works:

Selling to another landlord.

When you sell the property to another landlord, the most significant benefit is that the tenants won’t need to move out. Instead, the new landlord will take over the assured shorthold tenancy agreement that you will have in place. They will honour the contract until it ends. It’s a win-win for you, the new owner and the tenant. Additionally, you won’t stand to lose out on any rental income, as you’ll still get paid until the date of the purchase.

We can also act as a new landlord for existing tenants. So if you need a buyer to sell your house with a tenant in Glasgow, we’re available.

Sell your property to a regular buyer

If you cannot find another landlord to sell your tenanted property to, you may need to look into selling to a regular buyer. This process will take longer and will mean you will have to ask the tenants to leave. Essentially, you will have to activate the Section 21 notice of your Assured Shorthold Tenancy Agreement as a no-fault eviction. This will mean your tenant will have to leave, and you will have to wait for the eviction notice to end before being able to sell your property. This may be a difficult choice; however, if you cannot find a landlord to take over the agreement, it may be your only option. If you need a faster process, we can purchase your property, whether you have tenants or not.

Assured Shorthold
Tenancy Agreement

Trying to sell a property with tenants can be challenging with the Assured Shorthold Tenancy Agreement. This is because it is a legally binding contract that ensures tenants are given the right to exclusive use and enjoyment and provides a minimum term for which the tenant can stay without fear of eviction. In addition, trying to sell a property while the tenant is still in the property can be difficult when considering the following factors:

Viewings

When selling on the open market, interested buyers will need to come and view the property. This will likely disrupt your tenant and make it hard for potential buyers to view the property. However, at We Buy Any Home, we can make an offer on your property with tenants without actually viewing it in person.

Refurbishments

Another issue that may arise is getting the property refurbished to compete with other similar listings. With tenants still living there, this may not be possible and may not be worth it if the property takes longer to sell. This will mean waiting longer for the tenants to leave and then carrying out refurbishments without the additional rental income for that period.

At We Buy Any Home, we buy properties in any condition. Minor cosmetic issues are not our concern, as we base our valuations on market value. Therefore, if you don’t want to spend extra time and money on getting the property ready for sale, get in touch for a free quote.

Read more about Selling A Tenanted property in Glasgow

View all Glasgow articles
Glasgow Commuter Towns
The Best Estate Agents in Glasgow
Glasgow Property Prices
Where To Live In Glasgow
Free cash offer within minutes, no legal fees, any location.

Get a free cash offer today
Enter your details below

"*" indicates required fields

Hidden
Hidden
Hidden
This field is for validation purposes and should be left unchanged.
--> crossmenu