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Selling with Tenants in Situ
Selling an Occupied Property
Here at Belvoir we are pleased to offer a unique solution for landlords who are looking for an exit strategy from their property or portfolio.
Selling a rental property with tenants in situ is a very beneficial solution which suits all parties; the owner receives rent up until completion, the tenants do not have to move house and the vendor will have a ready made investment property with no need to find tenants.
Benefits to the Vendor
- There is no need to serve notice to the tenants and lose rental income whilst the property is for sale.
- The vendor will receive rent up until the day of completion
- Investors may offer a more favourable price if they know the property rents well and the property doesn’t need work
- The property remains appealing to both owner occupiers and investors: if the property is purchased by an owner-occupier, there is still the option to give notice to the tenants once an offer has been accepted and complete with vacant possession.
Benefits to the Purchaser
- The purchaser will have a ready made investment property with no need to find tenants
- There are no advertising or tenant find costs
- The property will come with comprehensive building and letting history (either from the landlord or the agency)
- As the property is already let, it is a low risk investment
- If the purchaser bought the property with the intention to live there, it is possible to issue notice to tenants during the sale process or after completion
Belvoir are experienced in selling occupied property successfully. We often match up the property of existing clients to new investors, giving our landlord an easy exit and the investor gains a ready made investment property.
We have an extensive database of landlords, investors and owner-occupiers waiting to buy the right property in Peterborough, so we can market directly to the right people.
Whether you’re a vendor or a buyer, we will be there for you to make the process as smooth and stress-free as possible. Call us today on 01733 321500 to discuss your selling or buying requirments.
Selling in Situ Resources
If you would like to explore the process of selling or buying rental property in more detail we have a collection of insightful articles and customer testimonials. Please click on the links below to read more!