Derby landlord sells his portfolio with no searches, no survey, and £30,000 more than investor market

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Property118

Derby landlord sells his portfolio with no searches, no survey, and £30,000 more than investor market

We all know that this year’s brought with it some tough challenges for landlords. We’ve also been bombarded with news that, quite frankly, is bringing us all down.

It’s refreshing to hear, therefore, that for landlords who have made the decision to sell, there’s a way out with opportunities to be had, and it’s paying off.

One such landlord based in Derby approached us at Landlord Sales Agency wanting a fast sale, and was worried about tenant approval, especially with us edging ever closer towards the Renters’ Rights Act start date. Rather than exit the market completely, he was looking to sell his difficult properties and knew that traditional estate agents would take far too long and have zero certainty despite their higher market value prices, and auctions would leave him selling for far less than he wanted.

He needed experts who knew exactly how to sell difficult properties with tenants, could deliver certainty of sale and were able to manage the entire sale without him taking too much of a hit on price.

We were able to deliver exactly that. Specialising in landlord portfolio exits, we got to work ensuring full tenant cooperation, which preserved the value of the properties. Despite the tenants being anxious about sale and potential eviction, we were able to position the sales as landlord-to-landlord with clear communication.

Whilst the buyer market dictated vacant possession, our ability to get the tenants to co-operate meant we were able to market the property to substantially more buyers.

The result proved the importance of getting the right people for the job: we sold all 4 of the 6 properties the landlord owned and ensured the tenants assisted with the sale.

What’s more, we sold to a cash buyer, no searches, no survey, avoided a 9-month court delay and achieved £30,000 more than the investor market.

 The key takeaway? How you sell matters as much as if you sell, and we’ve got the right experts to do it. The landlord was able to get back on track and was very happy with the price. Whilst landlords need to be realistic in that for a fast sale they’re not going to get 100% market value, what they are able to achieve is more than the investor market, and a substantial amount more than panic selling at auction. It’s a win-win.

And he’s not alone. Every week, around 80 landlords are coming to us to sell, and we’re delivering. Not only are we able to achieve results that landlords are happy with, we’re super fast and we take the entire sales process off the landlords’ hands, allowing them to relax and let us do all of the hard work. On average all our properties sell in less than 28 days.

We get the job done, and we do it faster and better than anyone else. It’s why we’re the trusted choice for companies such as Property 118, LandlordZONE and Hamilton Fraser.

So if you have properties you want to sell and want to get straight to it, get in touch.

We’re here, and we’re ready to get started.

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Council urges landlords to help amid housing emergency in Scotland

admin    Uncategorized     agents

Property118

Council urges landlords to help amid housing emergency in Scotland

A Scottish council is calling on landlords to provide temporary accommodation for vulnerable families.

The council has launched a partnership encouraging landlords to offer properties for short-term use to help support families facing homelessness across the area.

The Scottish Association of Landlords (SAL) is backing the scheme, saying it will help provide vital accommodation for homeless families.

We are in a housing emergency

The council explains landlords can lease their properties to Fife Council for a fixed term, receiving guaranteed monthly rent, property management, and no void periods with landlords retaining control over repairs and maintenance issues.

Fife Council’s housing spokesperson, Councillor Judy Hamilton, is keen to see landlords get involved.

She commented: “We are in a housing emergency and we’re committed to increasing the supply of affordable houses and easing pressure on our housing services.

“To achieve this goal, the council is developing affordable housing through various options using land and buildings in council ownership, engaging with private sector landowners, land agents and developers and utilising Scottish Government AHSP funding to assist in the delivery of much-needed affordable houses throughout Fife.

“This new Landlord Partnership will make sure that more families will soon have access to safe, secure and affordable housing in various locations across Fife.”

Members will benefit from a supportive network

She adds: “Every new property we secure makes a real difference for families waiting for a house that meets their needs.

“We know property owners want reassurance, reliability, and a straightforward service. This new Landlord Partnership aims to offer exactly that, while also contributing to the availability of safe, quality homes for people in our communities. We encourage owners across Fife to get involved.

“Working in partnership with Landlord Accreditation Scotland (LAS) members will benefit from a supportive network committed to improving standards and strengthening the private rented sector across Fife.”

Practical approach to tackling homelessness

Scottish Association of Landlords (SAL) chief executive, John Blackwood, tells Property118 the scheme will help tackle Scotland’s housing crisis.

He said: “We are pleased to be joining with Landlord Accreditation Scotland in partnering with Fife Council on this innovative and practical approach to tackling homelessness, particularly for vulnerable families.

“By working together, we can help some of the most at-risk people get into safe, flexible homes and find new tenant customers for our members.

“Scotland is facing a housing crisis, and it will only be resolved with all stakeholders, including the private rented sector, playing their part through initiatives like this.”

Landlords can find out more about the scheme by contacting Fife Council’s Housing Access Team.

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