Sell your buy to let property in weeks

It’s no big secret that being a Landlord is becoming less desirable by the day.

With new legislation on tax, evictions and a whole host of other areas making a once solid way of investing capital and generating income almost unviable for many, especially with the current state of interest rates, it’s no wonder that you along with many others are considering relieving yourself of this burden and selling up.

But with fewer landlords buying, auctions slowing down and the open market in turmoil, it could seem like a case of out of the frying pan and into the fire when it comes to selling your unwanted buy to lets.

So what are your options?

Read on to find out.

Cash house buying companies – No Really!

If you need a fast sale of an unwanted rental property then a cash buyer is perhaps the best option. I’m not talking about your local ‘property developer’ with a bit of cash in the bank that they’re willing to part with for a bargain deal. I’m actually speaking about professional house buying companies whose sole purpose is to buy houses fast.

These companies offer a fast, guaranteed, sale. None of the uncertainty that comes with rolling the dice at auction and hoping that there are a few willing buyers in the room.

They can purchase a house in a couple of weeks and unlike open market buyers they are not fussy about how a property looks, they don’t mind if it is a bit rough around the edges after years of being tenanted.

Some will even buy property tenanted and will take an entire portfolio off your hands.

So now that I have your attention let’s discuss the pros and cons of a house buying service.

The pros of house buying companies

No obligations offer

You can get an indicative offer from a cash house buying company quickly, often on the initial phone call and a formal offer in 24 hours. You are under no obligation to accept this offer so it is well worth inquiring, you could be surprised by the amount you could get compared to an auction.

Guaranteed sale

They make you an offer and if it is acceptable you have a buyer – it’s as simple as that, there is no back and forth with estate agents and flakey buyers.

Fast sale

With a house buying company once you have accepted their offer you can sell your house in around 14 days, less in certain circumstances. This might be slightly longer if you are looking to sell a property tenanted but there is no faster way to sell a property.

No Fees

Unlike auctions or estate agents, where the selling costs can add up to thousands, there are no costs to pay with a house buying company, they will even cover your solicitor fees so you have absolutely nothing to pay out. This can be a considerable saving if selling multiple properties.

The Cons of house buying companies

The Price

From a house buying company you’ll receive an offer of around 80% of the ‘full market value’ of your property.

If you break it down an 80% cash offer doesn’t look like a bad deal when you factor in all of the costs that would be involved in selling the property on the open market, factoring in the longer sale time and costs of getting vacant possession which will be a necessity if selling to an open market buyer.

As recently reported in Landlordzone more landlords are looking to sell than buy leading to a 13 year low in landlords buying properties meaning that it is less likely that you will find someone willing to take your property on tenented.

As previously mentioned with a house buying company once you have accepted the offer that is the sum you’ll receive, if you use a reputable company that is, which brings us on to my next point.

Reputation

Many people are rightly cautious of the house buying industry due to its bad reputation, there are well publicised stories about companies reducing their offers at the last minute which have caused a lot of negative sentiment around the industry. As true as some of those stories might be, there are highly reputable companies out there who deliver what they promise and provide a valuable service to landlords that need a fast sale.

Don’t let this last point put you off if you are in a situation where a house buying company might be a good option, here at the cash house buyer guru we have reviewed all of the top companies in the industry and have come up with our list of top house buying companies based on our 16 point gold standard criteria so you can safely navigate the industry and get the fast home sale that you deserve.

Not all house buying companies will buy tenanted properties, in fact very few do, but we do have some on our list of recommended buyers that we can match you to with our ‘find a buyer’ service below.

Get A No Obligation Cash Offer From A Guru Approved Cash Buyer

The guru has painstakingly reviewed and analysed the house buying companies in the UK, assessing them against his strict best practice criteria.

In short the hard work has been done for you, if you want a no obligations cash offer from a genuine cash house buying company with best in class service use the guru recommended service below to be matched with the right buyer for you, your house sale could be just a few clicks away.

Not sure if a cash offer will work for you? Find out what you could get in under a minute without having to enter any contact details.

Cash House Buyer

Criteria

Next Steps

Are they a genuine house buying company?

Is their offer realistic?

No contract or tie in to sign?

Can you use your own solicitor?

No fees to pay?

Are they registered with a redress scheme?

FIND A BUYER

Click the button to get an idea of what an offer from a cash buyer would look like in just a few clicks.

If the offer could work for you we will match you to a Guru approved buyer.

Checked

All of the companies have passed our rigorous 16 point checklist.

Verified

We have mystery shopped all of the companies and got feedback from past customers.

Guaranteed

All of the companies have signed up to the guru best practice guidelines for house buyers.

Should you shop around?

Feel free to read all of our reviews and make your own choice on who to contact – or contact them all if you have the time – but don’t just judge a book by it’s offer. In this industry the highest offer isn’t usually the best one, in short because it is likely to not be genuine. To learn more about the shady practises of the disreputable companies read our article below.

Further Reading: Common Cash House Buyer Scams To Look Out For

Cash House Buyer Guru