Like many landlords, I have decided to sell my BTL property. Rubbish time of year to sell even without a falling market but it is what it is. I can't afford to have it sitting empty for ages (an unfortunate combination of unforeseen circumstances mean that my financial buffer has all but disappeared).
My options seem to be:
- sell to the tenants (unlikely to afford it)
- sell to my neighbouring landlords (possible as one has asked about buying the garden off me)
- put it on the market with tenants in situ 4) wait to put it on the market until after the tenants have left (end of the year) - at least rent will cover costs but it risks having the property empty for several months over winter until it sells, and prices will fall further.
I suppose I could air bnb it if it's empty for an extended period but would need to look at the sums and I'm not sure if demand is there with the CoL crisis.
It's in a great location but it is tired and the kitchen is dated (but perfectly functional with high spec goods).
Any other options?
What would be best in the current market?