Sell house with tenants in Aberdeen.
Receive funds within a week.
- FREE cash offer within minutes
- Receive funds in 7 days
- A guaranteed sale on any property
We make it possible to sell with tenants in Aberdeen.
Aberdeen houses the world-renowned University of Aberdeen, and with a range of other affordable properties tailored to others, the Granite City provides an investment opportunity for rental yield.
The average price of a property in Aberdeen stands at £149,861
The average time on the market in Aberdeen is 436 days
However, the difficulty arises when landlords need to sell a property with tenants. In Aberdeen, it’s not a problem, as We Buy Any Home can solve this problem. It no longer needs to be a difficult issue. We don’t require any viewings to be able to produce a free cash offer for your tenanted property.
Get a free cash offer for your house in Aberdeen
How it works
Our quick and easy process to sell your a tenanted property in Aberdeen is as follows:
Free cash offer within minutes, no legal fees, any location.
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Initial enquiry
The first step of the process requires you to fill out our simple enquiry form online. All we’ll need are general details about your property and your contact details.
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Receive an offer
Next, a member of our experienced buying team will contact you within 24 hours. During the call, they will discuss additional details about the property and request your timeframe for selling. They will then produce a free cash offer based on market knowledge and third-party information sources like LandRegistry. If you’re happy with the offer, we will send it in writing or through the post.
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Final offer
If you’re happy with the offer, you’ll be required to complete some necessary paperwork. Following this, we’ll arrange for a maximum of two RICS-qualified valuers to assess your property. We will also appoint a solicitor from our panel. Once we have the reports and updated valuation, we can make a final offer. If you’re happy, we’ll be able to complete the purchase according to your timeframe.
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in Aberdeen
Free cash offer within minutes, any condition, any location.
Selling a Buy-To-Let Property
A buy-to-let property is one that has been purchased with the intention of renting it to a tenant. There are a few additional things to keep in mind when selling a buy-to-let property…
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Capital Gains Tax (CGT)
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Mortgage Repayments
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Section 24 Landlord and Tenant Act
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Financial Concerns
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EWS1 Concerns
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Problem Tenants
Any growth in property value will be taxed at a rate of 18% or 28% depending on which tax band you fall into. This can result in lower-than-expected financial benefits to selling and is important to keep in mind.
Capital Gains Tax (CGT)
Any growth in property value will be taxed at a rate of 18% or 28% depending on which tax band you fall into. This can result in lower-than-expected financial benefits to selling and is important to keep in mind.
Mortgage Repayments
Long-term fixed-rate mortgages tend to have larger early repayment charges. So, it is important to check your mortgage deal to ensure you know how much you’ll be likely to pay. This is also likely to eat into any profits that you’ll make in selling.,
If you’re ready to sell your buy-to-let property with tenants in Aberdeen, get your free cash offer now
Due to laws, regulations and changes in the property market, there are several reasons landlords may be looking to sell a property.
Section 24 Landlord and Tenant Act
The changes to this legislation have resulted in mortgage interest and other property finances no longer being tax-deductible. This means the financial incentive of investing in buy-to-let properties may no longer be worth it for some, and other investment opportunities may be more appealing. But, selling a property with a tenant so you can invest in something else may not be as easy.
Financial Concerns
Existing landlords may fear financial concerns, and maybe due to recession or other impacts, they look to sell soon. However, the easiest route in selling a tenanted property requires finding another investor or landlord but if there are many people fearing financial concerns, then the buyer pool may be limited, resulting in a slow sale.
EWS1 Concerns
Due to the Grenfell tragedy of 2017, flats with cladding require formal safety reviews. The reviews cost money, and due to a lack of availability, the EWS1 surveys aren’t always possible to complete urgently for a quick sale. Additionally, without the EWS1 survey, lenders may give flats a zero valuation resulting in a failure to get funding for the purchase. However, at We Buy Any Home, we buy properties without the EWS1 survey in place and can also purchase tenanted properties.
Problem Tenants
Problem tenants are another issue as to why landlords may decide to sell. If there are issues with the property in terms of condition, it can make the property harder to sell. However, at We Buy Any Home, we are able to purchase properties with problem tenants and can take over any tenancy agreement.
Get a free cash offer for your tenanted property in Aberdeen
Selling A Tenanted Property in Aberdeen FAQ’s
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What happens if you sell a property with a tenant in situ?
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Is it better to sell a house with or without tenants?
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Why are houses sold with tenants?
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Is it easier to sell a house with tenants?
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How much does it cost to sell a tenanted property?
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Can you sell a house with a tenant in it, Scotland?
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Can I sell my tenanted property?
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Can I sell my rental property in Scotland?
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How much notice do I have to give a tenant if I want to sell my house?
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How much notice do I have to give a tenant if I want to sell my house?
If you sell a property with a tenant in situ, then the tenancy agreement can be taken over by the new landlord. The tenant will continue living at the property until the agreement expires. The new owner can then decide to renew or evict the tenant.
What happens if you sell a property with a tenant in situ?
If you sell a property with a tenant in situ, then the tenancy agreement can be taken over by the new landlord. The tenant will continue living at the property until the agreement expires. The new owner can then decide to renew or evict the tenant.
Is it better to sell a house with or without tenants?
Selling a house without tenants is easier when approaching regular buyers who want to move into the property. However, if you have access to other landlords or investors, they may be open to taking on the property as an investment opportunity.
Why are houses sold with tenants?
When properties are sold with tenants, the new landlord is able to begin receiving rental income, which provides a means of investment. Sometimes, due to existing tenancy agreements, properties have to be sold with the tenant still living there.
Is it easier to sell a house with tenants?
It is easier to sell a house with tenants if you have access to investors or landlords willing to take over a tenancy agreement. If not, at We Buy Any Home, we can purchase properties in as little as seven days with minimal disruption.
How much does it cost to sell a tenanted property?
If you choose to sell with a cash house buyer like us at We Buy Any Home, there are no upfront fees or hidden costs. It’s completely free, and you can receive rental income right up till the selling day. However, with the traditional route, there may be a loss of rental income, solicitor fees, estate agents and event refurbishment costs to consider.
Can you sell a house with a tenant in it, Scotland?
Yes, you can. As long as the new buyer agrees to take on the tenancy agreement, selling a house with a tenant still living there is possible.
Can I sell my tenanted property?
Yes, you can, get in touch through our enquiry form, and we’ll contact you within 24 hours with a cash offer.
Can I sell my rental property in Scotland?
Yes, you can. If you still have a tenant living in the property, then it is possible as long as the new buyer agrees to take on the tenancy agreement. Here at We Buy Any Home, we can buy rental properties in Scotland with or without tenants.
How much notice do I have to give a tenant if I want to sell my house?
If your tenant has lived in the property for more than six months and you are evicting them for the reason of selling, you must give them 84 days’ notice. If it has been less than six months, it will be 28 days.
How much notice do I have to give a tenant if I want to sell my house?
If your tenant has lived in the property for more than six months and you are evicting them for the reason of selling, you must give them 84 days’ notice. If it has been less than six months, it will be 28 days.
Free cash offer within minutes, any condition, any location.
Selling a property with tenants in Aberdeen
When you sell a property with tenants in Aberdeen, you are likely to do it in one of two ways:
Selling to another landlord
This is the easiest option, as your tenant can continue to stay, and you can receive rental payment right up until the day of the sale. It works by the new landlord taking over the existing tenancy agreement. However, it’s not often easy to find another landlord or investor willing to take on a new property at short notice. However, we at any We Buy Any Home can take over tenancy agreements and purchase properties with the tenant still living there.
Sell your property to a regular buyer
The other option is to sell the property on the open market. However, with this option, you will have to activate the Section 21 notice of the assured shorthold tenancy agreement as a no-fault eviction. You will then have to wait for the tenant to leave before getting the flat ready for viewings or refurbishments.
This can be a difficult decision to make and will also result in a loss of rental income while the property remains vacant. However, based on the average time properties stay on the market at 436 days, this may not be worth it.
We can help by purchasing your property in as little as seven days. Saving you time and money.
Assured Shorthold
Tenancy Agreement
When selling a property with tenants, you need to be aware of the Assured Shorthold Tenancy Agreement. The main stipulation of this agreement is that your tenant is required to be given the right to exclusive use and enjoyment and a minimum term without fear of eviction. Attempting to adhere to this while getting a property ready for sale is challenging. Consider the following factors:
Viewings
If choosing to sell on the open market, potential buyers will request to come and view the property. However, this can cause disruption for your tenant, and it can be difficult for buyers to appreciate the property if there are other people and belongings there.
However, at We Buy Any Home, we can make an offer on your property with tenants without actually viewing it in person, resulting in a quick and easy sale.
Refurbishments
You may need to carry out refurbishments to get the best value for your property. Most buyers will often look at the cosmetic condition, and if it isn’t appealing, it may make them decide not to buy. However, with a tenant in place at your property, completing refurbishments may be difficult and may not even be worth it.
At We Buy Any Home, we buy properties in any condition. We base our valuations on market value, not emotions. Therefore, if you don’t want to spend extra time and money on getting the property ready for sale, get in touch for a free quote.
Get a free cash offer for your house in Aberdeen
Free cash offer within minutes, any condition, any location.
Get a free cash offer today
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