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The decision to sell a property, especially one that is currently rented out, comes with its unique set of considerations and potential benefits. At MyLondonHome, we have been guiding investors through this process since 2002, and we’re confident we can provide you with the support and expertise you need during this important transition.
One of the primary advantages of selling a property that’s currently being rented is the continued income stream. With traditional property sales, the home or building often sits empty while it’s on the market, sometimes for months at a time. This can be a significant financial drain, as you’re still responsible for property taxes, maintenance, and other expenses while receiving no income. However, when you sell a rented property, you’ll continue to receive rental income right up until the last moment of ownership.
Aside from this obvious financial benefit, selling a rented property can also make the process more straightforward. When selling a property, there’s often a long list of tasks to complete to prepare it for sale, one of which is furniture disposal. This can be time-consuming and potentially costly. However, when you sell a rented property, the existing furniture is typically included in the sale. This not only eliminates the need for furniture removal but also adds value for potential buyers, who may appreciate the convenience of a furnished property.
Selling a rented property also allows potential buyers to see the property’s rental history. This can be a major selling point, as it provides concrete evidence of the property’s income-generating potential.
At MyLondonHome, we understand that selling a property, particularly an income-generating one, is a significant decision that shouldn’t be taken lightly. That’s why we’ve dedicated ourselves to providing the best possible service to our clients. Whether you’re selling a single property or an entire portfolio, our team of experts will guide you through the process, offering advice and support every step of the way.
Over the years, we’ve built a strong reputation for excellence in the central London property market. We believe our experience and commitment to our clients set us apart, and we’re ready to put our expertise to work for you.
Get in touch with us today, and let us guide you through the process of selling your rented property.