
The Renters’ Rights Act is just 6 months away from being “fully operational,” and if you’re a landlord thinking of selling before it comes into action, you’re not alone.
An article in The Telegraph this week likened the rush of landlords selling as a “fire sale” naming the Renters’ Rights Act as the trigger to “a burst of property sales as landlords race to exit the market before the landmark legislation comes into force.”
Along with tighter regulations, under the Renters’ Rights Act, councils will be given “powers in many cases greater than the police and frankly with little or no accountability,” says Phil Turtle, a licensing expert at Landlord Licensing & Defence.
The answer is simple: get your houses on the market now, and find someone who can sell this side of New Year.
It’s easier said than done, many landlords who can’t afford to accept a price drop on what they need to get for their properties are making the mistake of listing with traditional Estate Agents. The logic has historically made sense: if you have time to wait, in most cases they’ll get you a far higher price than any other methods: online, auctions etc. But the effects of choosing this strategy on a time–crunch are potentially devastating.
Traditional Agents not only charge hefty fees after sale but the average UK house sale can take up to a whopping 9 months from listing to completion via traditional Estate Agents.
Contrast this with Landlord Sales Agency: our average sale time of just 28 days, and up to 90% market value, with zero fees, and you can see why so many landlords are rushing to us to sell before New Year. Put simply: it blows the traditional Estate Agent strategy out the window.
What’s more, as well as selling fast, we sell for the highest prices, encouraging a bidding war between our private database of over 30,000 buyers, the top property buying companies, private funds and first time buyers.
We understand that many of you are scared of the upcoming changes, but there’s a way out and we’re here to provide it, getting you the highest amount of capital in the bank.
Don’t just take our word for it, with a week and a half to go until December we’ve already spoken to over 100 landlords who wanted to sell, fast. They also wanted a sale where they didn’t have to take a huge hit on price. And we delivered.
So if you have freehold buy–to–let houses you want to sell, the time to act is now.
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