Whether you have one property or an entire portfolio; one, none or several tenants; Landlord Sales Agency specialises in finding the right buyers for our sellers. That could mean finding an investor, another landlord, an owner-occupier or, where appropriate, helping the existing tenant buy the property themselves.
Every property is different, so we explore every possible route to a sale and we use every tool at our disposal.
We use the wealth tied into the property we’re selling to keep all options open. Rather than sellers having to find cash before, during and after the sale for estate agency fees, court processes, legal costs, tenant incentives, refurbishment, mortgage payments, insurance, council tax and other holding costs, we use a small proportion of the equity tied up in the property to minimise these costs and fund the sale itself.
By using existing wealth to reduce future spending, minimise risk and achieve a better overall business outcome, most walk away with 85 – 90% of the vacant possession value.
In most cases, it’s a far more efficient use of capital than paying costs upfront to arrange vacant possession, redecorate a property, replacing worn fixtures and fittings, marketing it, finding a buyer and waiting for the sale to complete to recoup costs. Depending on when a tenant leaves, whether rent continues to be paid, how much work the property needs and how long the sales process takes, that approach can require 6 to 18 months of ongoing expenditure before the landlord receives a penny from the sale.
Using equity to sell rental property without evicting tenants before the sale allows us to find the best solution to help landlords protect their cash flow during the process, reduce financial and legislative exposure and convert equity into a faster, simpler and more certain exit.
That’s exactly what happened for Ian. Ian approached Landlord Sales Agency because he had a rental property he needed to sell and he didn’t want to go through the process of evicting the tenant. We found a chain free buyer who secured the sale with a non refundable deposit in just 28 days, helping him to avoid months of delays and continue receiving rent to cover the property running costs.
The buyer we found wanted vacant possession but, unlike other companies, Ian didn’t have to do anything. Our team stepped in to find out what we could do to help the tenant and come to a win-win-win solution for everyone. By helping the tenant with a practical solution and money towards their moving costs, we kept the sale progressing and bypassed court costs and long delays. Everything was resolved without Ian having to deal with the day-to-day stress and the we coordinated the completion around the date the tenant left.
Ian said of his experience: “I am extremely happy with the service received and thoroughly recommend Landlord Sales Agency.”
Another landlord, Ali, shared a similar experience.
“Excellent experience using this company. Many other agents were not interested because I had a tenant in situ, but these guys reassured me they would sell the property and contribute towards costs to help make the transaction as smooth as possible.”
He described the service as “5-star” and said the team “goes above and beyond to help.” We know from the landlords we help that, despite falling profits, financial deficit isn’t normally the reason they want to quit – it’s red tape and the constant battle for their concerns to be heard.
Most leave before finances affect their decisions and many freely admit the issue wasn’t even on their radar…. until their expenses rocketed at the same time their income dropped.
Many did not factor in the loss of rent in paying continued costs or the additional costs of taking over utility bills and council tax while selling property, until it was too late and putting strain on their day-to-day finances while their equity was tied up doing nothing in the property they were selling.
Why not have a no-obligation conversation with Landlord Sales Agency and find out how you can use the wealth tied into your property to shape an exit that’s best for your life and for your business?
It’s the smarter way to sell.