BLOG: Can selling property at 80 or 90% of its market value ever make sense financially?

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You may have read the recent article about why a private Landlord with a portfolio of 200+ buy-to-lets would choose to sell his properties for 80-90% of the market value. Now it’s time to hear from him in his own words.

When Alasdair decided it was the right time to scale back from his full-time business of being a private landlord, he tried to sell his properties for 100% of the market value through traditional estate agents and treaty sales.

But through experience he realised that the higher price he thought he was getting took far longer, increasing the amount of time that the properties stood empty before, during and after a sale, ultimately costing him more than accepting a sale at 80 – 90% of their value which only took 28 days. That’s when he turned to Landlord Sales Agency.

“Having 200+ property portfolio can sound very exotic and what have you but in reality it’s all-consuming,” he says.

“So we’ve got to a point now where we think it’s time to downsize.”

Alasdair is not alone. Across the UK landlords are looking to sell their portfolios in full, so they can cash in and retire.

With taxes, new regulations, and an uncertain economy, prices may never be this high again. The window to sell is closing, the time to act is now, and the team at Landlord Sales Agency have proven they can get the job done.

Watch Duncan talk more about why he sold up

CONTACT LANDLORD SALES AGENCY TODAY

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