Hello! I am in a bit of a quandary. We are looking at selling a house which we currently rent out. The tenants are bloody lovely and I feel sad that we have made this decision, but it is the right decision financially for us. So I have a question....
I have asked locally if anyone would be interested in buying the house. A lady has come forward saying she is interested and would like to rent it out, the tenants get to stay, and we avoid estate agents fees. Positives are the lovely tenants get to stay, we avoid the estate agents fees which will be around 2.5k and should be a fairly straight forward and quick process.
But, houses in this area don't come up very often, the estate agent thinks that people will be fighting over it and we may get people bidding it up if we went with an "offers over' price. So we could get more money for the house by going through an agent. Downsides are the lovely tenants will lose their home, it may take longer if people are in a chain, it may be messier and more work with viewings etc.
What would you do?!