BTL investor viewing

Leela_G

Hi

We have a BTL investor coming to view our property tomorrow, any suggestions as to how we can make it appeal to them???

PS its a one bedroom flat, walking distance to Glasgow city centre

bristol_pilot

You can check the lease to make sure there is no restrictive covenant preventing the flat being let to tenants. (A minority of flats in England can only be occupied by the owners - don't know if this is the case in Scotland).

Thrugelmir

Expect a low offer.

Running_Horse

Yeah, we sold in a traditional FTB area, but in the period of our being there it was being colonised by these parasites. Expect to be insulted by the offer, or if you make it clear you are not desparate expect no offer at all. Luckily, we sold to a working couple.

nollag2006

What are other similar properties renting for in your area? If you can work out an approximate rental yield, then that should give you some idea of what their target price is. I would use 5% as a rule of thumb, and eliminate one month for rental voids

Hope this helps, and good luck with the sale

Do come back on to let us know what happened

madnessofBruno

Dig out certificates and guarantees of any white goods that the BTLer will expect to be part of the deal.

Paint all the walls magnolia.

Do not tell the neighbours (owner occupiers) until exchange of contracts.

Be prepared you may receive a new lower offer just before exchange.

A couple of bunkbeds in the living room to show flexibility.

God luck with the sale.