Landlord properties in “prime areas” are selling faster than last year

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Landlord properties in “prime areas” are selling faster than last year

It’s hard to fathom that there’s a sector of the property market that’s actually doing better this year than last year when it comes to landlord portfolios, but that’s exactly the case for landlords who have been looking to sell their properties in what’s been dubbed the “prime areas.”

As landlords yourselves, you’ve no doubt been considering selling, and for good reason. As we head towards the final hour before the Renters’ Rights Act comes in, it’s crunch time for landlords who want to clean up their acts and their portfolios before they’re served the hefty fines that accompany a long list of obscenely complicated regulations.

But for most landlords, selling is proving more tricky than expected.

Perhaps you’ve had problem tenants on low rents, in arrears, on benefits or tenants who’ve been trashing your properties. Maybe you’ve got elderly tenants who you feel like you can’t evict.

Perhaps you’re a landlord who’s simply had enough and wants to retire? Or perhaps financial reasons are pushing you to get out: Section 24, tax, mounting refurb costs, empty properties, high mortgage rates, compliance costs – all adding up to what is essentially no profits.

Whatever the reason, landlords have been struggling to sell.

 But for a substantial number of them, the opposite is true. Properties are selling faster than ever before, and for high prices.

Why? They have what we at Landlord Sales Agency call the “RRR formula.” The Right Property, at the Right Price, in the Right Location.

In particular, we’re referring to freehold houses in the North West and Midlands priced between £70,000 and £150,000. These properties are attracting serious buyers with seriously lucrative offers.

When those three elements line up, we’re noticing properties selling quickly for prices landlords are extremely happy with. It’s like no other location in England. In these areas, for these prices, landlords are selling properties like hot cakes.

In fact, many of the properties are not only selling in under 28 days, they’re frequently achieving more than landlords would receive selling directly to the investor market or rushing to auction. That’s because for properties like these, there’s been an influx of interested first time buyers. And when you pit first time buyers against new landlords or investors, prices rise.

Whilst landlords need to be realistic, in that for a fast sale they’re not going to get 100% market value; an offer that’s both higher than the investor market and a substantial amount more than panic selling at auction is exactly why they’re rushing to us at Landlord Sales Agency to sell. And we’re delivering.

In fact, every week around 80 landlords are coming to us to sell with properties that fit the RRR formula, and we’re seeing them sell faster than anything else out there.

Coupled with the fact that we take the entire management of the sales off your hands, including negotiating with tenants, and you can see why so many landlords are reaching out. Make no mistake, we still have to be savvy: listing properties for high prices isn’t going to work, you’ve got to list them for attractive prices to get viewings piling through the doors, but that’s exactly what our team does best.

So if you’re a landlord, who has freehold houses in the North West and Midlands priced between £70,000 and £150,000, get in touch today.

We have the market. Now is the best window to act. And with our formula 1 style strategy to getting properties sold, you’ll find that selling your property can be straightforward, fast and surprisingly stress-free.

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