After a slew of bad news, this week’s headlines come as a welcome relief for landlords looking to sell. The Telegraph reported that despite higher rates and regulatory risks around rentals, a wave of new investors had entered the market, stepping in to take portfolios off landlords’ hands.
These investors are cash rich, looking to take on new projects, and unfazed by the depreciating market. It’s exactly what landlords looking to sell need, and what’s more, it’s driving up the prices buy-to-lets are able to sell for.
So how can landlords tap into this rise in investor buyers? At Landlord Sales Agency, we’ve built strong relationships with both investors and the top companies buying whole portfolios. With one month to go until the year ends ,buyers are keen to snap up deals before the market shifts. In particular, we’ve noticed a rise in bullish investors who have triggered bidding wars over landlord portfolios, driving up prices and allowing a faster exit for those desperate to sell.
With 20 years of combined experience in selling, and a waiting list of over 30,000 private buyers who get notified every time you choose to sell through us, we’re leading the way when it comes to the price we’re able to get landlords.
Landlords are coming to us with whole portfolios that they want to sell, or a chunk of several properties, and no matter what properties, no matter what the tenant situation, we’re getting them sold. It seems we’ve hit a window where landlords are ready to sell and investors are undeterred by the condition of the properties, they just want to buy. Combined with our team of experts who know exactly what to do to negotiate for you and overcome every hurdle to get your properties sold, we’ve definitely hit a sweet spot.
The formula seems to be working, with an average sale time of just 21 days, sales going ahead without the need for tenant evictions, and we’re able to offer cash advances in some cases where landlords need to do quick refurbs to get even higher prices.
One Midlands based landlord reached out to us after her tax bill arrived this year. She’d had enough, and with some properties empty, others needing refurbs and the remainder with tenants paying low rents, she knew she had to get out to avoid being pushed into further financial difficulty.
We were so confident about being able to sell her portfolio we did her a deal: initially she was selling two properties for £125K and another for £160K that had become recently vacant and in poor condition after the tenants left– we funded the £40K required for her refurbs and also provided the building teams and she sold for much higher prices of£240K and £300K respectively (making her an additional profit of £200K after costs).
After seeing the results, we allocated our team of experts to refurbing and repairing the remainder of her houses. We were able to sell the properties in her portfolio for an average of 39% above her original listing prices. For those vacant properties she had with equity in, we sold quickly through our investor network to cover her mortgages so these problem properties didn’t eat away at her equity profits from other sales.
This isn’t a one-off case, 150 landlords per fortnight are rushing to Landlord Sales Agency to sell. As the founder of the company, I’ve also made the decision to sell. Many landlords, like myself, with mortgages against some or all of their buy-to-let properties could struggle to make a profit from their rental income over the next couple of years. There is a very real possibility that the equity tied into my portfolio will be reduced and even after house prices stop falling, any growth in property prices is likely to be very slow so I looked at my portfolio, kept the properties with the best record for growth and sold the rest.
We manage the whole property-portfolio sale from start to finish to get properties sold and win-wins for tenants/landlords and we will help tenants and landlords financially if needed. Landlords just need to contact us. Our team of experts sorts out everything else. We’re getting properties sold fast, for high prices and we’re seeing landlords finally being able to get out of the market. If you don’t like the prices you get, you don’t have to sell, so there’s no reason not to get in touch and let us help you. I think that’s why so many landlords are coming to us. And we’re delivering.
So if you’re thinking of selling, now is the time. Get in touch with Landlord Sales Agency today, and let us handle the rest. We’re here to help.
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