Former buy to let properties

Ybe

Why are former buy to let properties generally listed on the market for cheaper than homes lived in by owners? Even if they are in fairly good condition. 

Sunsaru

If a BTL has been listed then it's often because the owner wants rid. The longer it's on the market, the more money they are losing so it's priced to shift.

moneysavinghero

Are you sure they are former buy-to-lets? Maybe they still have the tenants in place and this is the reason why they are cheaper. The costs and the hassle of getting a tenant out (who may not want to go easily) need to be compensated for in the market.

steampowered

A lot of landlords are unrealistic about what their property is worth.

Particularly the sort of landlord who does minimal maintenance on their BTL to keep costs down, never redecorates, does everything as cheaply as possible ....

and then wonders why their property is not worth as much as the property down the road sold by an owner occupier who has spent the last 10 years looking after the property !

theartfullodger

The shame and disgrace of buying a place owned by a money-grabbing exploiting capitalist, thus enriching capitalist in question.

Of course some B2L's may be to a higher standard e.g. smoke and heat alarms, gas and electric checks, higher EPC rating thus cheaper energy bills.