It has been sold to the highest bidder!
Landlords are in an amazing position right now. In the event that your tenants are wanting to relocate, find out what you should do next.
It’s a fantastic moment to be a landlord right now. The days of sealed bids for only sale houses are gone; we are seeing final bids on a daily basis for properties that are selling for far more than the asking price. Tenants are worried, houses are being obtained before they even hit the market, and applicants are signing one- to two-year contracts with no break clauses in them.
The problem that Landlords will face, however, is that this will not last indefinitely. Our nomadic capital lovers will certainly be planning their next adventure and relocating as soon as the Covid limitations are lifted, and we all know how quickly the Central London Market moves. With the government increasingly introducing more limited methods for landlords to profit, and with the financial market working against us, getting the most value out of your property while you still can is critical to your future success.
It has been continuously surprising to our lettings negotiators how quickly houses are renting in 2022, and we recommend that any applicants attending a viewing with the intention of putting an offer down should do so promptly after the viewing is completed.
If you would like for your property to be evaluated for either sale or rental purposes, please contact us as soon as possible so that we can schedule an appointment. If your renter has indicated that they want to leave, please contact us so that we can give some insight into the current market and re-evaluate your rental pricing.
Warmest regards,
Greater London Properties
www.glp.co.uk.
