Option 2. If you have and empty property requiring refurbishment
We also have investors who are looking for property they can refurbish and then rent out.
Here’s everything that’s going to happen next …
Collect information and agree access arrangements
We are going to need your help with:
- Completing our detailed property questionnaire – this collects vital information such as tenure, profile, features, documents, key contact details (incl. the key holders), managing information, tenancy and tenant details.
- Collecting documentation related to the rental of the property e.g. compliance certificates and tenancy agreements.
- Access arrangements – this allows us to visit your property to create a marketing pack that includes photos, floorplans, EPCs and all the things that we’ll need to advertise your property.
- This is an important bit. The more information you can provide, the stronger your property will appear to potential investors.
- Experience tells us there’s a buyer for every property which we need to help the buyer find it with our detailed approach to property presentation.
Market the investment property listing
Once we’ve got everything it’s down to us, we’ll create the perfect listing and market it to our investors.
This will begin with our dedicated on-boarding team preparing and collating all of the information that you have provided. We will position your property for the market along with financial analysis tailored to the property.
Our experience tells us that property listings that have complete documentation such as tenancy agreements, inventory, rent schedule and proof of payment available – sell quicker!
Once listed we’ll send it to you for approval before marketing it across all our channels which includes presenting your property to investors in a range of ways from email and digital marketing, investor trade shows, trade publications, property publications and our institutional investor network.
Promoting listing and vetting buyers
Once we’ve started promoting your listing and receive enquiries our specialist sales team will qualify buyers positions, ability and readiness to transact ensuring your listing is promoted to the potential buyer in the most suitable way.
This process includes us providing detailed financial summaries that promote the income and capital appreciation of your property tailored to the buyer and ensuring they’ve got the right advice from one of our trusted experts as needed.
Experience tells us that making the effort up front and doing valuable due diligence, prevents time wasters ensuring only qualified buyers that understand the investment disruption the tenants with a viewing.
Once we have vetted potential buyers inevitably some people will wish to see the property. We will work with you, your tenants and managing agent to facilitate a convenient time keeping everyone in the process up to date.
It goes without saying, it is important that you present your property in the best light, so having the tenant on side will ensure a better buyer experience, and likely sale.
To help get the tenants on board we have created detailed information to help them feel comfortable with our approach, you can check this out. We have worked hard to streamline this experience for everyone, including the new prospective landlord!
If you would prefer not to deal with viewings, we partner with reputable suppliers as an additional service. Of course, you can manage this yourself if you would prefer.
Getting you a sale
When a buyer makes an offer, we’ll ensure that the necessary due diligence has been done and we will pass it on to you with our recommendations.
Hopefully the offer will be acceptable, then our deal progression experts will handle everything from here.
Note: we charge £900 to the buyer before we allow the memorandum of sale to be released. Experience tells us that having a financial commitment up front increases the likelihood of a sale completing and reducing the risk of fall throughs.
Send us your property details…
Sellers, send us your property details in the North East and we’ll help you sell fast.
Investors, join our mailing list to receive North East investment property lead updates first.