Sell a property with a sitting tenant

So you have an investment property with a tenant signed up to a 6 month AST or possibly longer, and you want to sell the property quickly. We can help you in a number of ways.

Firstly, you need to understand that selling properties with a tenant is not an easy task, especially on the open market. Look at it this way, if you were starting out a family or wanted a clean break in a new town, and found the most perfect property, that suited you down to a tee, however it had a tenant living in it, would you buy it, serve notice to the tenant and then move in? The answer is probably no, and most people would agree.

Selling a house with a tenant is not an easy task, as you are making your target audience much smaller – ie, you are only targeting property investors interested in a buy to let investment.

When you want a fast house sale of a rental property your sale options generally are to sell via an auction or to sell to a cash buying firm. Most regular buyers will not want to buy with a tenant, as they will need a buy to let mortgage to do so, will have to evict the tenant and then change the mortgage to a regular mortgage.

Selling at auction can be a good way to sell a rental property quickly, and to get rid of a property that you no longer need. You can even sell a property at auction where the tenant is not paying the rent. The only downside to auction sales is that they are not guaranteed and you have no assurance that the property will actually sell.

The second option is selling to a cash buyer like topcashoffer.co.uk. What we do is evaluate every property sale differently and we will consider every sale on its merits. That is why we offer the most cash for properties in the UK. We can offer you a straightforward sale for your tenanted property, and can assure you the tenant will remain the property for the remainder of the AST. We sometimes also keep hold of rental properties, meaning your tenant can agree terms with us to stay longer.

If you have a rental property that you want to sell quickly for cash – please contact us for a free quote today.

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