Sell house with tenants in Nottingham.
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Sell a Tenanted Property in Nottingham
It’s common for landlords to have a hard time selling investment properties with tenants in situ. If you’re looking to sell a tenanted property in Nottingham, several obstacles could be in your way. But there is an option that makes it easy, fast and free.
At We Buy Any Home, we’re determined to offer landlords the quick sale they can’t get on the open market. Regardless of your circumstances, you can sell your tenanted property with us in up to 7 days and receive 100% cash.
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You’ll have no headaches selling with We Buy Any Home. It’s super easy to receive a cash offer for your property.
Free cash offer within minutes, no legal fees, any location.
Get in touch online
Go to our enquiry form and fill in some basic details, and we’ll call you within 24 hours.
Receive your free offer
In a brief conversation with one of our friendly and knowledgeable representatives, you’ll be made our best cash offer. Whether you accept it is totally up to you. We understand you could be assessing your options and need more time to decide.
Sale agreed and completion date set
If you’re impressed by the price we can give you and want to proceed, you can put your feet up. We’ll take care of all the complicated stuff and set the wheels in motion for a simple sale. We’ll send a short and clear contract for you to sign and return. Then appoint a solicitor to oversee the deal. Don’t worry. You won’t have to pay them anything. Next, up to two RICS-certified surveyors will visit your house and conduct a quick inspection. This is done so you can be sure our offer was fair and honest. After a final legal and value check on our end, we’ll confirm the price. By the way, you won’t be tied into our service. You can walk away at any time if you change your mind.
Then you’ll just have to select the completion date that suits you, and that’ll be it! You’ll have sold your property with tenants in Nottingham, and you’ll receive cash funds in your account. That’s how easy it is.
Free cash offer within minutes, no legal fees, any location.
Selling your house with a tenant in Nottingham
Since their introduction in 1996, buy-to-let mortgages have proved popular in the UK. Getting this kind of mortgage is a simple way to become a landlord and start making money from renting out properties. It can be a very profitable investment strategy. However, this year has seen large numbers of landlords trying to sell at least one of their investment properties. So, if that’s you, what are your options? When it comes to selling a property with tenants in Nottingham on the open market, you can either sell to a regular buyer or another landlord.
Regular buyer
Nottinghamshire is a hidden gem for house buyers due to the average house price of £253,069 falling well below the national average. The city of Nottingham boasts a big city culture despite its relatively small size. The transport links to the rest of the country are excellent, and the range of restaurants and copious green spaces gives the city lots of character.
Although Nottingham has many merits, especially for first-time buyers, it’s not easy to sell a buy-to-let property to a regular buyer. The big problem is that regular buyers almost always want to move into a property immediately. But with tenants in situ, there could be a long wait before the property is vacant.
It’s unlikely that a regular buyer will want to go through the complications of evicting tenants. Plus, tenants have certain rights that protect them from being evicted just because a landlord wants to sell.
Landlord buyer
Many landlords view selling to another landlord as the perfect way to sell a buy-to-let investment property. Nottingham is a popular place for buy-to-let properties due to the massive student contingent. Two universities provide a regular influx of students each year, many of whom will look for private accommodation during their stay. While there are advantages in selling a tenanted property in Nottingham to another landlord, there’s still no guarantee of a quick and simple sale.
Due to changes to tax relief, stamp duty and regulations, many landlords have had buy-to-let profits cut and are now looking to cash in on their investment properties. This might be the position you’ve found yourself in. Depending on the size, location and condition of your property, there could be reduced demand from landlords. Many simply aren’t looking to expand their portfolios at the moment.
The fallout from the Grenfell Tower tragedy has compounded the decreased demand for investment flats. Due to changes in cladding regulation, flats are widely viewed as a risky investment. There is currently a long wait time for EWS1 reports, and cladding remediation can be costly. For some properties, the leaseholder has to pay for these, which is a giant obstacle for selling a flat. Without a top grade from an EWS1, another landlord may not even be able to get a mortgage for the property, even if they’re willing to take the risk of buying it.
Free cash offer within minutes, no legal fees, any location.
Selling A Tenanted Property in Nottingham 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 Nottingham
How to sell your tenanted property in Nottingham fast
If you want to sell your house with tenants in Nottingham without hassle, there is another option.
With We Buy Any Home, you can sell your investment property in as little as 7 days without spending anything. Forget about using an estate agent to sell on the open market and incurring fees from solicitors. Our property experts can guide you through a simple sale that pays you cash for your property and costs you nothing. We cover all the costs involved, and we don’t even take a commission. You can get a cash offer for your buy-to-let property today.
We’ll take over your tenancy agreement and protect your tenants’ rights. Even if you have problem tenants, we won’t be deterred. The size, location or condition of your property doesn’t matter to us. Even if you’ve had no interest from potential buyers, we will give you a way out.
If you’re looking for a quick sale but have been let down by estate agents or don’t have the time to wait for a sale on the open market, we can help you.
Why work with We Buy Any Home to sell your tenanted property in Nottingham
We’re the UK’s leading cash house buyer. With over 300 years of combined experience among our founders and managers, we’re passionate about giving homeowners another choice in the property market. Countless Nottingham residents have relied on us for fast, easy, and zero-cost sales. They’ve credited us for removing the stress of selling and, in many cases, helping them sell a property that wouldn’t budge on the open market.
While we are fully transparent about the fact we cannot offer full market value, we make up for it with our simple, stress-free service.
But you can still feel confident you’re getting the best possible price for a fast sale when you hire us. We offer our Best Price Guarantee, so if you get a better offer from another cash house buyer, we will beat it!
You’ll be in the safe hands of a fully compliant cash buyer. As members of The Property Ombudsman and founding members of The National Association of Property Buyers, we meet the high standards set by our regulators. We believe that you, the seller, should come first. We will always adapt to your needs and go above and beyond to give you a fantastic deal. But please don’t just take our word for it. Read the honest feedback left by our previous customers and make up your own mind about us.
If you’ve had trouble selling and want to move on from your tenanted property in Nottingham, look no further than our fast service. You have nothing to lose by getting a free, no-obligation offer from us. Why not find out how much you could get? Get a free cash offer for your buy-to-let property today.
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