LandlordZONE

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Apr, 2014

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  1. #11
    Join Date
    Mar 2008
    Posts
    1,937

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    Quote Originally Posted by tracyduff View Post
    It`s better to have a tennant who looks after the property, rather than leave it empty.
    But the general advice is unless you are an investor who wants to buy an already tenanted property, never buy a property with a tenant still in residence.
    These comments assume you are in England/Wales, and that your last tenancy agreement was dated after 6th April 2007.

  2. #12
    Join Date
    Mar 2009
    Posts
    7,715

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    I agree with Mrs Mug: Unless there is a buoyant market for tenanted properties I'd evict tenant first, then tart the place up & sell with vacant possession. Price is likely to be higher.

    PS Only 2 "n"'s in tenant.....
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

  3. #13
    Join Date
    Oct 2006
    Posts
    6,588

    Default

    Quote Originally Posted by tracyduff View Post
    At the end of the day all i need to know is can the estate agent remove a property off of their books?
    See post#3
    Stalkers, please go over this comment with a fine tooth comb.

  4. #14
    Join Date
    Jan 2011
    Posts
    616

    Default

    Put it on at auction if you want to sell it.

  5. #15
    Join Date
    Aug 2010
    Location
    London
    Posts
    1,089

    Default

    The only people interested in buying a tenanted property are landlords. This limited market, reduces the price.

    Check the contract you have with the Agent. Speak to other agents in the area and get their view on the property (value when empty).

    Then evict the tneant and then market the property.

    or

    Don't sell and keep renting.

    or

    If the finances are soooooooo bad, then just hand the property back to the mortgage provider.
    There is always scope for misinterpretation.

    If my posts can be interpreted in two ways, one that makes you feel angry and one that doesn't, I meant the latter.

    Everyday is an opportunity to learn something new.

  6. #16

    Default

    Please post or send a link to the advert on either Rightmove or Zoopla and we can advise as to why is not selling.

  7. #17
    Join Date
    Aug 2010
    Location
    London
    Posts
    1,089

    Default

    The only reason a property doesn't sell is that the price is wrong.
    There is always scope for misinterpretation.

    If my posts can be interpreted in two ways, one that makes you feel angry and one that doesn't, I meant the latter.

    Everyday is an opportunity to learn something new.

  8. #18
    Join Date
    May 2009
    Posts
    14,115

    Default

    Quote Originally Posted by tracyduff View Post
    We will pay the buyer ( when Found ) they`re 5% deposit on completion to encourage buyers.
    What? It sounds like you don't have a clue.

  9. #19
    Join Date
    Nov 2012
    Posts
    145

    Default

    It should be in the contract somewhere, the terms under which both parties can cancel the agreement. If it isn't, I think it's common sense to suggest that they can cease to market the property at any time.

    Re. the HIP: I used to be the credit manager for a large chain of estate agents. Many a seller, having taken the house off the market and declined to pay the HIP fee, ended up with judgments against them. You take the house off the market, or the agent does, no difference I would think.

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