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Selling your property whilst still tenanted can de-risk and de-stress the whole sales process. You can act immediately rather than waiting months for your property to become vacant. You retain rent up until the day of sale, you don't have the stress of evicting good tenants and you don't have to refurbish the property to get it ready for market. Complete Property have teamed up with Portolio to provide you with the complete sales solution for tenanted properties, enabling you to sell for maximum value and minimum stress.
Portolio are highly experienced in achieving maximum sales value for tenanted properties. There are a number of important factors to consider when selling to investors; yield & growth potential being key. We will discuss these factors with you and decide upon a pricing strategy that meets your needs but will also attract investors. It is also important to bear in mind that the additional costs & risks associated with an open market sale will not usually apply when selling tenanted property.
With a tenanted sale there is no need to evict your tenants which can be stressful for all parties. Not only is it less stressful but it can be a lot less costly. There are no lengthy rent free periods which you will face when you evict tenants for an open market sale (this can be 6 - 9 months without rent). If a sale falls through due to a chain/inexperienced buyer then the cost/ timeframe multiplies. With a tenanted sale you can sell quickly to an investor with no lost rent & far less chance of a sale falling through.
We have a database of thousands of investors who we work with regularly and also a large social media reach. The majority of our sales are via direct marketing to investors who are experienced, investment-ready buyers. This can often be the quickest route to a sale but we will also widen the pool of potential buyers by advertising on the usual online property portals. We will develop a strategy with you to maximise sales potential & minimise cost.
Absolutely not! These companies buy your property themselves at as low a price as they can; that is their focus and their remit.
Portolio are a specialist estate agent working for you, the landlord. You are our client, not the buyer, and our aim is to maximise the price you receive. We do this by analysing your property fully, pricing realistically in the current marketplace and ensuring that you know, understand and agree with the pricing strategy.
This is one of our key services. It is very important to be open and transparent with your tenants from the start. It is vital to explain the reasons for sale, that their tenancy is safe & we wish to keep them in their home, but can only do so with their co-operation for viewings etc. Once a tenant understands this, and that the sale is being undertaken by a professional, ethical company, there will usually be very few tenant issues.
Absolutely!
We will work with your letting or managing agent and keep them on-side and appraised of the situation at all times.
The vast majority of our investors retain the existing letting/ managing agent for a seamless transition.
Reassuring the agent of this does help a lot with the process of obtaining documentation & gaining access to the property when required.
I have sold two of my properties with Portolio's help, and am contemplating selling a third. I found them to be efficient, and helpful, taking all the hard work from my hands. I would have no hesitation in recommending them. You don't have the worry of an empty property sitting adding up costs while waiting for a buyer, as you get rent right up until the sale is completed.
Back in June, we purchased a property in Edinburgh that had a tenant in situ and I have to say, Portolio were absolutely amazing throughout the whole process. I honestly cannot recommend them enough.
Portolio did what they said they would do - Market property, liaise with tenants/agents and found a buyer within average timescales of 4 to 5 weeks for full valuation. I would use their services again
I've recently completed the sale of a rental property using the services of Portolio, and the process was utterly straightforward from start to finish.
My property has a sitting tenant, and Portolio matched my property with a buyer who then took on the tenancy - ideal for me as a seller, so that there was no empty period; and perfect for the tenant, who had the reassurance that his tenancy would continue.
The whole process and experience with Portolio has been very positive and I would definitely use these guys again and recommend them to any investor that is considering selling or buying an investment property.
Portolio were first class in selling our property. We thought selling our flat was going to be a nightmare, but the whole process was as smooth as we'd dreamed. A big thanks to Portolio for making it stress-free
Great communication and advice regarding the sale of my tenanted property. They made the whole process straight forward and stress free. I would recommend Portolio to anyone looking to sell tenanted property.
Email : john@completepropertyltd.co.uk