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Would it be a bad idea to have the agent who manages my flat sell it?

4 replies

Thepeopleversuswork · 03/08/2025 16:28

Just posting here for advice: I have a flat in London which I may need to sell at some point in the next 6-12 months. The letting is currently managed by an agent who is doing a good job and who knows the area well. I trust him to know the market and he has good connections so I think he would manage the sale well.

Other than his desire to maximise rental income by keeping the flat rented, I can't think of any reason not to use him to manage the sale as well: am I missing something here?

OP posts:
dodobookends · 03/08/2025 22:00

Seems sensible to me, and fairly likely that the agent would sell it with a sitting tenant to another investor with a property portfolio.

floppybit · 03/08/2025 22:01

Sounds like a good idea

Strawberrri · 03/08/2025 22:07

I did that and they just stuck the property on the market-I was in a distant part of the country-there were cracks in the wall which I ended up having to get a structural engineers report on, a waste of time and money. Had I been there I’d have fixed it up and painted it and got more for it. All they wanted was the fastest sale they could get. So tread carefully.
edit-I think I would get a second valuation

Papyrophile · 04/08/2025 20:13

I would be cautious. When I put the flat I owned in London pre-DH on the market, the letting agents' valuation was £40k under the other two valuations. I suspected that because the agent had managed the lettings for 12 or more years, and because I was in Cornwall, that they thought I was an out-of-touch old biddy and the agent planned to flip it quickly for his own profit not mine!

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