UK Landlord Forum / Life

Quote from: Ender1411 on January 16, 2018, 03:56:29 PM
Hi, just an update, we have today settled this claim after much negotiation and bending over for £3850. This has however brought several ideas to mind, one of which is to sell our three rentals. Does anyone know how we can value these properties for sale without alerting the tenants. If we did decide to go ahead and sell, obviously we would tell the tenants, I just don't want them to start looking elsewhere if we decide in the end not to sell. Any ideas anyone?

Unless they are totally unique properties you should be able to 'Value' the property yourself using comparables of what's on the market and what has sold.  Sold prices available online.  This is what an estate agent does along with sticking their finger in the air and picking a figure high enough for you to go on the market with them only to then reduce later on in line with what the other agents originally said.

Quote from: Ender1411 on January 16, 2018, 03:56:29 PMThis has however brought several ideas to mind, one of which is to sell our three rentals. Does anyone know how we can value these properties for sale without alerting the tenants. If we did decide to go ahead and sell, obviously we would tell the tenants, I just don't want them to start looking elsewhere if we decide in the end not to sell. Any ideas anyone?

Good idea to get out of the game, just my view. I would not worry about the Tenants realising. I would focus on the getting out part. The overwhelming majority of buyers would want vacant possession anyway, so it might actually be best to make the decision and commence eviction proceedings as early as is possible. Buying Tenants in-situ (especially with unprotected Deposits, and that liability transferring to the new potential Landlord) is a real no-go.

Make the decision, go for it.

Don't you pay less in CGT by spacing sales out over 3 tax years? Maybe your circumstances are different to mine of course.Don't blame you for wanting out though

We should be alright on the C.G.T. front, taking into account the purchase price,  the sale price, the amount we have spent on them and the length of time we have owned them, our accountant thinks we'll be fine. We are thinking now of either holiday lets (near where we live) or buy refurbish and sell. Should probably mention I have my own building company.

You jammy bugger! The property world is your oyster,both options sound very promising.Wishing you success.