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

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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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