Sell house with tenants in Newcastle.
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Sell A Tenanted Property in Newcastle
Are you looking to sell a tenanted property in Newcastle, but you’re not sure where to start? Here at We Buy Any Home, we have many years of experience in assisting those that are selling a property with a tenant in Newcastle, and we’re here to make that journey easy for you.
You can rest assured that your property is in safe hands, as our experts have helped to sell many buy-to-let properties in the Newcastle area, both vacant and with tenants in situ. Even if your property is currently occupied by difficult tenants, we have the experience to help manage tricky situations as carefully as possible.
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How it works
There are a few simple steps to sell a tenanted property in Newcastle. We’ve helped many landlords through this process and will be with you every step of the way to ensure your sale goes through as easily as possible.
Free cash offer within minutes, no legal fees, any location.
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Complete our online enquiry form
To start the process, simply complete our quick enquiry form here. All we need is the property address, reason for selling, rough timescale and your contact details.
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A member of our team will contact you
When we’ve received your enquiry, one of our experienced representatives will give you a call to discuss how we’ll sell your house with tenants in Newcastle and iron out any finer details.
We won’t need to visit the property, so you won’t be required to organise viewings with your tenants – we own valuation software that will assist us in providing you with an accurate property valuation.
You’ll receive a cash offer from us over the phone within 24 hours of your enquiry. If you decide to go ahead with our offer, we’ll discuss the timings of the sale such as when you require the funds from the sale to be transferred, answer any questions you may have and of course put the offer in writing for your peace of mind.
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Completion Date is confirmed & sale completes
If you accept our offer, we’ll provide you with paperwork to complete and we would instruct an independent solicitor to act on your behalf. We’ll also organise a survey from a maximum of 2 RICS qualified surveyors/valuers to enable us to provide you with a final offer based on their feedback.
You won’t need to worry about the costs for these services as this is something we cover as part of our service to you.
Once the final offer has been accepted, we discuss when you’d like to complete the property sale to ensure this is convenient for you. When this date is reached, the property sale completes, and the funds are transferred to you!
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Selling A Buy-to-Let Property
Buy-to-let properties are homes that are sold to investors/landlords with the intention of renting them out to tenants. They can be sold as vacant properties, however, there are often tenants already living there.
In this case, the property can be sold with tenants in situ, and the tenants won’t be required to move out (providing there are appropriate tenancy agreements in place).
Free cash offer within minutes, any condition, any location.
Selling A Tenanted Property in Newcastle 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 I sell my tenanted property?
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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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Can You Evict a Tenant Because You Want to Sell the Property?
If you sell your Newcastle property with tenants in situ, it’s likely that you’ll be selling to a fellow landlord/investor. Existing tenancy agreements will be honoured and transferred over to the new owner preventing any lapse in property income. Any protected tenancy deposits will be transferred too.
Your tenant(s) will remain living at the property during/post-sale, and the new property owner will become the tenant’s new landlord when the sale completes.
What happens if you sell a property with a tenant in situ?
If you sell your Newcastle property with tenants in situ, it’s likely that you’ll be selling to a fellow landlord/investor. Existing tenancy agreements will be honoured and transferred over to the new owner preventing any lapse in property income. Any protected tenancy deposits will be transferred too.
Your tenant(s) will remain living at the property during/post-sale, and the new property owner will become the tenant’s new landlord when the sale completes.
Is it better to sell a house with or without tenants?
There are certainly some time-saving benefits to selling a property without tenants due to admin time involved in transferring existing contracts. However, you won’t need to worry about any of this as We Buy Any Home would manage the sale for you.
Why are houses sold with tenants?
Houses are often sold with tenants living in the property for several reasons. It could be that you have a good relationship with the tenant and don’t want to evict them, or perhaps you have problem tenants that are making life difficult for you. They may be refusing to let property viewings take place or perhaps aren’t keeping the house in a saleable condition.
If any of these points are true, we can help sell your property with the tenants in situ – property viewings won’t be necessary, and we’ll purchase the property in any condition.
Is it easier to sell a house with tenants?
In some cases, it is easier to sell a house with tenants, as a landlord looking to purchase a buy-to-let property will be pleased to see there are already paying tenants contracted with the property.
This can be highly advantageous to prospective investment buyers as finding tenants can be a costly and time-consuming process. As tenancy agreements are transferred to the new owner when the property is sold, they’ll have a buy-to-let property with paying tenants once the sale goes through.
How much does it cost to sell a tenanted property?
Selling your tenanted property won’t cost you a penny with We Buy Any Home. If you’re looking to sell a property with tenants in Newcastle, there will be no fees to pay, and we’ll offer you the highest guaranteed cash offer for your property.
Can I sell my tenanted property?
Absolutely, and we can help make this process as easy as possible for you. We can provide you with a no-obligation free cash offer here.
How much notice do I have to give a tenant if I want to sell my house?
In England, as per the Section 21 notice, you are required to give tenants a minimum of 2 months’ notice to vacate your property. If your tenancy agreement dictates a longer notice period, you will be required to honour this as per the agreement with your tenant(s). You’ll want to double-check any current tenancy agreements before selling your house with a tenant in Newcastle.
Can You Evict a Tenant Because You Want to Sell the Property?
If you want to evict your tenant prior to selling your property, this is possible however you’ll need an Agreed Shorthold Tenancy agreement in place, and to evict tenants you’ll need to provide them with a Section 21 notice.
Once the Section 21 notice has expired, the property sale can complete, and the tenant will be required to leave the property.
Get a free cash offer for your home in Newcastle
Selling a house/property with tenants
To sell with tenants in Newcastle can be more difficult than selling a property that is vacant, however, it can easily be done with the right experience. Here at We Buy Any Home, we regularly purchase properties from homeowners that want to sell a house with tenants in Newcastle, and we have successfully brought many more complex sales to completion.
Properties can be bought in any condition, and we’ll also buy homes that come with problem tenants.
Assured Shorthold Tenancy Agreements
If you’re looking to sell a tenanted property in Newcastle, it’s likely that you’ll have an Assured Shorthold Tenancy Agreement in place with your existing tenants. Assured Shorthold Tenancy Agreements are legally binding contracts which provide tenants with exclusive use of a rental property. This agreement will hold a minimum term in which they can be assured they won’t be unnecessarily evicted.
When selling a property to another landlord, the agreement you have with the tenants will be transferred over to the new property owner. This means you won’t lose out on any rental income leading up to the completion of the sale, as your existing tenancy agreement will stand until it is transferred over to the new property owner.
It also protects your tenants as the new landlord will be required to honour the terms in the current agreement.
Read more about Selling A Tenanted property in Newcastle
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