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Sell A Tenanted Property in Newcastle
Are you looking to sell a tenanted property in Newcastle, but you’re not sure where to start? Here at We Buy Any Home, we have many years of experience in assisting those that are selling a property with a tenant in Newcastle, and we’re here to make that journey easy for you.
You can rest assured that your property is in safe hands, as our experts have helped to sell many buy-to-let properties in the Newcastle area, both vacant and with tenants in situ. Even if your property is currently occupied by difficult tenants, we have the experience to help manage tricky situations as carefully as possible.
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There are a few simple steps to sell a tenanted property in Newcastle. We’ve helped many landlords through this process and will be with you every step of the way to ensure your sale goes through as easily as possible.
Free cash offer within minutes, no legal fees, any location.
Complete our online enquiry form
To start the process, simply complete our quick enquiry form here. All we need is the property address, reason for selling, rough timescale and your contact details.
A member of our team will contact you
When we’ve received your enquiry, one of our experienced representatives will give you a call to discuss how we’ll sell your house with tenants in Newcastle and iron out any finer details.
We won’t need to visit the property, so you won’t be required to organise viewings with your tenants – we own valuation software that will assist us in providing you with an accurate property valuation.
You’ll receive a cash offer from us over the phone within 24 hours of your enquiry. If you decide to go ahead with our offer, we’ll discuss the timings of the sale such as when you require the funds from the sale to be transferred, answer any questions you may have and of course put the offer in writing for your peace of mind.
Completion Date is confirmed & sale completes
If you accept our offer, we’ll provide you with paperwork to complete and we would instruct an independent solicitor to act on your behalf. We’ll also organise a survey from a maximum of 2 RICS qualified surveyors/valuers to enable us to provide you with a final offer based on their feedback.
You won’t need to worry about the costs for these services as this is something we cover as part of our service to you.
Once the final offer has been accepted, we discuss when you’d like to complete the property sale to ensure this is convenient for you. When this date is reached, the property sale completes, and the funds are transferred to you!
Free cash offer within minutes, no legal fees, any location.
Selling A Buy-to-Let Property
Buy-to-let properties are homes that are sold to investors/landlords with the intention of renting them out to tenants. They can be sold as vacant properties, however, there are often tenants already living there.
In this case, the property can be sold with tenants in situ, and the tenants won’t be required to move out (providing there are appropriate tenancy agreements in place).
Free cash offer within minutes, no legal fees, any location.
Selling A Tenanted Property in Newcastle FAQ's
What happens if you sell a property with a tenant in situ?
Is it better to sell a house with or without tenants?
Why are houses sold with tenants?
Is it easier to sell a house with tenants?
How much does it cost to sell a tenanted property?
Can I sell my tenanted property?
How much notice do I have to give a tenant if I want to sell my house?
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.
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.
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.
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.
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.
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.
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 a free cash offer for your home in Newcastle
Selling a house/property with tenants
To sell with tenants in Newcastle can be more difficult than selling a property that is vacant, however, it can easily be done with the right experience. Here at We Buy Any Home, we regularly purchase properties from homeowners that want to sell a house with tenants in Newcastle, and we have successfully brought many more complex sales to completion.
Properties can be bought in any condition, and we’ll also buy homes that come with problem tenants.
Assured Shorthold Tenancy Agreements
If you’re looking to sell a tenanted property in Newcastle, it’s likely that you’ll have an Assured Shorthold Tenancy Agreement in place with your existing tenants. Assured Shorthold Tenancy Agreements are legally binding contracts which provide tenants with exclusive use of a rental property. This agreement will hold a minimum term in which they can be assured they won’t be unnecessarily evicted.
When selling a property to another landlord, the agreement you have with the tenants will be transferred over to the new property owner. This means you won’t lose out on any rental income leading up to the completion of the sale, as your existing tenancy agreement will stand until it is transferred over to the new property owner.
It also protects your tenants as the new landlord will be required to honour the terms in the current agreement.
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