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If your tenant had signed a years contract but you wanted to sell, when would you put it on the market?

155 replies

TheDayMyButtWentPsycho · 02/11/2018 16:57

Say the 12 month contract ends in June, would you put the house on the market in March?

OP posts:
starzig · 02/11/2018 21:20

I would take the money avocados but would need to be about 10k to shift me which is not good if OP is having financial problems with her business.

TheDayMyButtWentPsycho · 02/11/2018 21:24

Pay the tenant 10k to move out a few weeks early?! That's beyond ridiculous.

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TheDayMyButtWentPsycho · 02/11/2018 21:24

That and we don't have 10p, let alone any kind of k's. Grin

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starzig · 02/11/2018 21:29

Sorry, I thought she was signed until June and you were looking to get her out ASAP.

TheDayMyButtWentPsycho · 02/11/2018 21:31

That's ok, this thread is confusing!

I'm hoping that what the PP above said about entitledto was right about the 26 weeks thing.
I'm going to make an appointment with citizens advice and see what they say. In which case I will definitely wait until the tenant is out before we do anything.

It's certainly less than idea putting it up when she is there.

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Panicwithmephisto · 02/11/2018 21:31

Its a real pain in the bum when you rent somewhere and people turn up to view with no or little warning. You are made to feel that to the landlord you are just a money machine, and no thought is given to your privacy and free time.

I really didn't like people being shown round during the day when I was at work, with no notice. Once when I came home the door hadn't been closed properly - for fucks sake.

If the tenancy has gone past the break point, give notice legally. After the tenants have moved out spruce the place up then put it up for auction to shift it quickly if need be.

ThisIsNotARealAvo · 02/11/2018 21:41

We recently sold a house with tenants in situ. We gave the old tenants notice and when they left we put the house on the market. We had no offers for a few weeks and the estate agent recommended re letting in case we didn't get an offer. We did this and explained to the new tenants that there may be viewings, which they were fine about. DH or estate agent did viewings during the day, as agreed with the tenants. After about 6 weeks we got a cash offer and sold with the tenants in place. It was all fine. MN drama about something which happens all the time.

plaidlife · 02/11/2018 21:45

We did this to our tenants once, we put the house up for sale, I think a couple of months before the tenancy period ended. I wouldn't bother trying again, although the house looked okay it didn't look great or sell until we had moved back into it.
Perfectly understandably tenants have no interest in your house selling so aren't going to present it well. We were overseas and wanted to move back into a new house but it was over ambitious.

TheDayMyButtWentPsycho · 02/11/2018 21:45

Really glad to to hear that ThisIsNotARealAvo.

There certainly are a lot of people giving me their opinions on what they think might happen as opposed to anyone's experience of doing what I had suggested. So I appreciate the input.
Glad it worked well for you.
6 weeks and cash buyers, I will take that thank you! Grin

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TheDayMyButtWentPsycho · 02/11/2018 21:47

Ha X posted Plaidlife just to prove me wrong WinkGrin

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soulrider · 02/11/2018 21:48

Yes, if you can find a cash buyer to buy your house with a tenant in situ that's great. But the reality is that anyone who is requiring a mortgage will find that their lender will only lend against a house with vacant possession. So whilst it is possible to sell, you're massively limiting the pool of potential buyers. How much of an issue this is very much depends on the market in your area.

Karrwomannghia · 02/11/2018 21:49

Could you save time and money by living in the house yourself or is it far away?

TheDayMyButtWentPsycho · 02/11/2018 21:51

Karr it's a two bedroom house and there will be 5 of us. It would mean putting us stuff in storage.
It wouldn't be totally impossible but would make life very difficult.

It would also mean showing people round a very very full house, rather than a totally empty one.

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TheDayMyButtWentPsycho · 02/11/2018 21:53

So whilst it is possible to sell, you're massively limiting the pool of potential buyers.

I wasn't only going to take cash buyers.
People take things so seriously on here, I was just saying that it was great to have a cash buyer and if like that too.
I'm not going to be batting away people who aren't cash buyers that would be beyond ridiculous 😂

Mumsnet cracks me up so much sometimes.

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Livness12 · 02/11/2018 21:56

I moved to my first rented flat in June 2015. I think it was about August when they told me it was going on the market. A couple of viewings, new owners took over in October. And gave me notice the same day. It was meant to be an exchange with tenant (me) in place, but 'Something had come up' and their daughter was moving in.

So I'd partly say let them know ASAP, just because I was absolutely terrified by then that I was just going to end up with nowhere again.

I didn't mind viewings personally. They're awkward, but it's just part of the process sometimes. But obviously people have various views on that side!

TulipsInBloom1 · 02/11/2018 22:00

That and we don't have 10p, let alone any kind of k's yet you are choosing to start a family?

DuchessStabby · 02/11/2018 22:01

This reply has been deleted

Message withdrawn at poster's request.

plaidlife · 02/11/2018 22:09

OP, we moved in freshly painted everything, put lots of our stuff in storage. Basically lived in a minimal show home for a few months and sold it. That is what I would do from the start next time.

SprogletsMum · 02/11/2018 22:10

I think it depends what kind of landlord you are.
For my last landlord I would have had no problem with helping her out by facilitating viewings. The landlord of the house I'm in now is an arsehole and the only way I'd facilitate viewings is if he paid be £10k per viewing.

plaidlife · 02/11/2018 22:14

Our tenants were perfectly nice about it all but most people selling houses are going to be living in them and caring about the process, tenants aren't. If you are desperate for the cash I would ask. But mortgage lenders will want vacant possession.

TheDayMyButtWentPsycho · 02/11/2018 22:20

yet you are choosing to start a family?

Yes. I assume you have a an opinion on this? We provide for our family, we are all fed, clothed and watered. We receive £0 in benefits and do not live off the system in any way shape or form.

So fuck yes I want another baby.

Please tell me your opinion on this, I would deeply love to hear it.

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Tippexy · 02/11/2018 22:25

Spellcheck doesn’t correct to incorrect spellings. That’s kind of the point of it.

soulrider · 02/11/2018 22:25

My response was to a previous poster who insinuated that selling with tenants in situ happens all the time. It doesn't because only cash buyers or those with a buy to let mortgage can do it. It's not MN drama to say that selling with tenants is complicated.

TheDayMyButtWentPsycho · 02/11/2018 22:27

DuchessStabby thank you for your normal person input. It comes across as LL hating on here doesn't it? Even when I'm actively trying not to be an arsehole LL. The way you handled things with your tenant is basically how I would like to do so with mine. If she says no, then that would be fine but it's worth the discussion and I would want her to have plenty of notice anyway so she doesn't feel like she has to panic search for a place to live (I've been there, it's a horrible feeling).

plaid I think you might be on to something. I will mention it to DH tomorrow.

For the PP who asked if we got on with the tenant, she seems really lovely but we haven't known her long and we use an agency so it's hard to have had the opportunity to have built up much of a rapport.

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TheDayMyButtWentPsycho · 02/11/2018 22:29

Spellcheck doesn’t correct to incorrect spellings. That’s kind of the point of it.

That's what it does for me constantly. My spelling is atrocious.

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