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Selling properyy with sitting tenants
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Plenty landlords will accept a much lower yield if there is potential for capital growth or the prospect of future of rental growth.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
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getmore4less wrote: »if you are running at 6% that going to limit your buyers to those getting in at the bottom end of yields
I dunno. There are a lot of mugs out there who've been watching too much Homes Under the Hammer."Real knowledge is to know the extent of one's ignorance" - Confucius0 -
theartfullodger wrote: »When exactly did they 1st move in? (This matters a lot, especially if before 27th Feb 1997....)
They move in in 2006 and have had a new Assured Shorthold Tenancy Agreemnet each year.0 -
tim123456789 wrote: »or it could just be in a part of the country where 6% is normal
we are getting 6% at the moment and the rent we charge matches or is higher than the rent many others are seeking to charge for similar properties in the area.0 -
Well, you'd like to hope they will, but as they are Estate Agents it's certainly not a given!
OP, check the wording of the advertising before it is published to satisfy yourself that it is clear to potential buyers.
Yep, agreed. I tried to be a little less direct with the heads up
Mornië utulië0 -
Thanks for the discussion and advice - it has all been very helpful in thinking about how to proceed0
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