16:30 PM, 27th September 2024, About 3 months ago
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Landlords who’ve been in the business a while are downsizing. If you haven’t thought about doing it before, or if you’re on the fence, you might want to think about it now, before we get too close to December.
For Shirley McLean, a landlord who has been a longstanding member of Property118, it was time to act. She initially became a landlord alongside her husband, who had been a builder but retired. “We decided it would be nice just to have a little bolthole in Scotland. And in order to finance that, we thought if we bought some to-lets that would basically pay for our holiday home and we could be a part of the community.” That was in 2002.
For twenty years, Shirley enjoyed being a private landlord, but when her husband passed away, the pandemic struck, and conditions for landlords became more uncertain, she decided that it was the “end of an era.”
Shirley shares, “I had four good tenants. I didn’t want to disrupt their lives. But the property market was awfully slow in Kelty, Fife. You could see properties on the market for a year or 18 months and nothing happening. And I’m thinking, if I try to sell these one at a time, it will be on the market a long time.
It will frighten the tenants away. They will not want to stay. They’ll be uncertain. I’ll be paying mortgages on empty properties.
I couldn’t really see a way to have a win-win for the tenants and me in disposing of those four properties.”That’s when Shirley turned to Landlord Sales Agency. “There was an advert saying that you were a specialist agency for selling from landlords to landlords. And I thought yes. That’s what I’ve been waiting for. I didn’t know such things existed.”
We took on Shirley’s portfolio, getting to work and partnering with local teams on the ground to ensure our experts were able to manage every single one of her challenges, and get the properties sold as fast as possible for the best possible price. Using a mixture of our UK-wide network of the best performing local agents, coupled with our own private database of over 30,000 buyers all waiting for us to send them properties to buy, we were able to drive up prices in a bidding war to get Shirley the best possible deals.
“It worked very smoothly. You found me a buyer really quickly who was a landlord of some 20 years’ experience. You managed to get a deal together for us. Of course, in selling in that way, I had to take a little bit of a cut and that was fine by me because it meant that I wasn’t paying mortgages for 18 months while I was waiting for properties to sell with tenants scared away.”
Shirley walked away with all tenants happy, and prices she was happy with. Having a win-win for both the landlord and the tenant is exactly what we strive to achieve. We know how difficult it can be to sell tenanted properties, for a variety of reasons. We also know that it can be hard to gain access to your properties, but our experts know exactly what it takes to negotiate deals, help tenants, and in some cases even pay for them to be relocated or reimburse rents. There’s absolutely nothing stopping us from getting your properties sold and most of our deals complete in just 28 days.
Less than one month. Sold. Cash in the bank, and everyone walks away happy.
We’re so confident we’re able to help landlords, in select cases where building works might affect the price, we’ll even send over our teams of builders to help refurb the properties for you to get you the highest prices possible. We’ll simply recoup the costs at the end of the sale.
You have absolutely nothing to lose, and everything to gain.
Shirley adds: “I would say give it a go if you want to sell, fill in that spreadsheet, send it off to David (owner of Landlord Sales Agency) and see what he can do for you. You might be very pleasantly surprised at how quickly he finds you a buyer.”
So if you’re thinking about selling, fill in the form below and we’ll give you a call to chat.
We’re a no-nonsense team dedicated to you who know how to get the job done.
