Trusted Realtors in Newark

A Landlord’s Guide to Selling a Rental Property nnSelling a buy-to-let property is very different to selling a residential property.nnSo if you’re a landlord considering selling up, here’s a guide to what you need to know.nn🏡 Vacant or tenanted? nnThe selling process is more complicated if the property is tenanted. If the tenant is within contract, they can stay put until their agreement expires. Additionally, you must give your tenant 24 hours’ written notice before a viewing, and they can refuse entry if it doesn’t suit them.nn👋 Get a trusted agent nnA good agent can provide invaluable insight into who the property might appeal to, whether you should sell to another landlord or a residential buyer, and what the property is worth. nn💰 Understand taxnnEnsure you know the full tax implications before you decide to sell. You may be liable for capital gains tax if the property is in your name. There will be other tax considerations if you bought it under a limited company.nnLooking to sell part or all of your rental portfolio? Contact us today.