It’s all hands on deck for landlords looking to sell, as September promises to be the “peak month” to sell property.
Just one week away, buyers are already pushing to snap up buy-to-let houses and landlord property portfolios in the rush to complete before Christmas and the Budget.
But why? Put simply, the Autumn Budget, expected to come into effect in late October or early November, is likely to have massive consequences on buyers due to fears of stamp duty hikes, Capital Gains Tax increases, lower SDLT thresholds (which could bring more buyers into stamp duty liability), amongst other uncertainties.
Completing before the Budget could save them substantial sums of cash and avoid the scramble that usually follows announcements like these. The knock-on effect is precisely why September is predicted to be a mass-buy-up, generating unprecedented bidding wars for houses, raising the prices landlords can get for their properties.
Whilst landlords must remain realistic – we’re still in a market where the top price is likely to be 90% market value – there’s no denying that if you’re looking to sell, this next month is the one to do it in.
And at Landlord Sales Agency, we’re prepped and ready for the demand. In the last month alone, we’ve been selling portfolios for prices £10,000 above expectations, not just for individual properties, but across whole portfolios. We’re also selling faster than anyone else.
For a landlord in Manchester who approached us with 6 houses, 4 of which were tenanted, many with a string of issues, we sold the first property in 22 days. The second in 9 days. The third in just 7 days. And the rest followed in rapid succession.
So whether your properties are tenanted, not tenanted, in good or poor condition, we’re ready to help you take advantage of September’s property boom.
All you have to do is get in touch using the form below, we’ll handle the rest. It’s what we do best.