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Looking to SELL your HMO (House in Multiple Occupation), property?

For many years here at Concentric, we have been buying, renting and managing the intricate complexities of HMO’s across the country.

Professional house shares, student house share and LHA house shares, and we could tell you some stories as a result, but the upshot of this is, HMO’s full stop are complex animals..

Buying them, running them and now as many are finding out, so is selling them...

Which is why we have decided to launch our specialist HMO selling service

You see, because we are one of the (if not the most) optimised agency for HMO’s in the UK, which means we get literally hundreds of people wanting to buy HMO’s from all over the UK and currently moreso from the London areas, who LOVE the idea of buying ready-made HMO properties... which means we are SUPER placed to sell them...

So here’s the challenge, selling your HMO property is just NOT like selling any other flat or house.

To make matters worse, many traditional “estate agents” don’t understand the complex nature of how to sell a HMO or keep the deal in, and this leads to silly mistakes, lengthy transactions and a huge fall out rate, plus if opting for the cheaper “online only” options then this type of sale is just too complex for many of those to handle with “call centre” operatives... this is a SPECIALIST AREA, and thankfully one we have been at the centre of for a long time as buyers...

Some of the questions you need to answer, for a potential buyer may be...

  • Is it licensed ?
  • Has it got (does it need) planning ?
  • Is it in an article 4 area ?
  • What is its maximum occupancy level ?
  • What is the average monthly rents charged ?
  • What is the monthly outgoings ?
  • How many floors does it have and how many bathrooms ?
  • What demographic of tenants is the property rented too ?
  • What is your average occupancy rate?
  • How many and what are the communal areas/rooms ?

When this is covered the next set of questions will be from the buyers mortgage companies and valuers... you see some will value the property on its “house” value on brick and mortar and others will value it on the “income” it generates like a business...

This is where a professional HMO expert agents & mortgage brokers really come in

So much time can be wasted whilst inexperienced buyers try to get funding with the wrong lenders, and making false claims about what they are buying, only leading to disappointment and down valuations

Here at Concentric, we would love to help you sell your HMO property and to make things simple, we have set a Fixed fee for doing so

Up to 6 bed HMO £2000 +vat

Up to 9 bed HMO £2500 +vat

Up to 12 bed HMO £3000 +vat

Above 12 bed HMO £4500 +vat

Ask your local branch about our specialist HMO property SALES service and get a valuation NOW

What you will get

  • A full assessment of your HMO property carried out
  • Exclusive to HMO property particulars created specifically aimed at investors
  • Exclusive email and social media blast marketing to our investor network nationwide
  • Buyers referred to competent HMO mortgage specialist
  • Experienced deal follow through post sale agreed

 

Download our vendor information checklist HERE

Contact your local branch NOW: LiverpoolWolverhamptonNewcastleCoventryHinckley and North Tyneside

Or Head office on 01902 420762

Resources

Whether you're looking to learn more about HMO's or LHA's, our resource centre has something to help you out. 

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