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Student Let - when is the best time to sell?
nightingalesgarden
Posts: 133 Forumite
Hiya,
Hope you lovely people can help?
We have a really nice student let which we want to sell in the next twelve months. It is in a very student area (OH was a student when he bought it) so will only really appeal to BTL buyers looking for a "safe" bet for the student (PHD?) market.
When do you think is the best time to sell and is it best that we sell tenanted?
Normally we would look around April/May for a let for the summer (reduced) and then September (full) for @10 months.
Should we put it on the market soon or wait until we get tenants?
Many Thanks
Nightingale
Hope you lovely people can help?
We have a really nice student let which we want to sell in the next twelve months. It is in a very student area (OH was a student when he bought it) so will only really appeal to BTL buyers looking for a "safe" bet for the student (PHD?) market.
When do you think is the best time to sell and is it best that we sell tenanted?
Normally we would look around April/May for a let for the summer (reduced) and then September (full) for @10 months.
Should we put it on the market soon or wait until we get tenants?
Many Thanks
Nightingale
0
Comments
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Selling empty generally gets more money.0
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Will it only sell to BTL student landlords ?
Get it on the market now and see if you get any interest.
Student landlords will not be bothered if you have tenants or not.0 -
Normally we would look around April/May for a let for the summer (reduced) and then September (full) for @10 months.
Really? I thought student lets were normally for a whole year, with a possible discount over the Summer.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
The answer is yes - it will only appeal to people interested in renting to students. The whole road is student lets.
Silvercar - sorry I wasn't clear, we look for a new household around March/April who will rent reduced for July and August and then rent around until June on full rent (a year).
Thanks for your help - looks like it's a matter of just trying the market.
Nightingale0 -
Just because it's all student let's doesn't mean you won't get FTBs0
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