This blog follows the property market in Northampton with a particular emphasis on buy-to-let. On here you'll find general commentary about the market, plus properties that may represent decent buys. I own a large estate agency in Northampton and am myself a landlord with an established portfolio. If you're looking to invest, but are unsure what will work best, I'm happy to offer a (free) second opinion. If you have a property to sell I can help with that too! Email richard.baker@belvoir.co.uk

Sunday 23 January 2011

Property to sell? We know a man that can!

As a Belvoir Landlord, you can now get preferential deals with local estate agents when you come to sell a property.

As the lettings specialist, we don't sell properties. However we do have a number of landlords who want to sell, and we also have a number of landlords that trade properties on a regular basis. For many of our landlords, one of the problem with selling is that their existing tenant gets fed up with estate agents constantly being in and out of their house, so gives notice and leaves. The landlord hence ends up with an empty property and loses rental income for the rest of the sales process.

Belvoir has reached an agreement with a local agent to try and avoid this. Clearly the scenario above can never be 100% removed, but by working together with the local agent, we've negotiated the following:
  • Agent charges 1.25% + VAT for selling the property, with a minimum charge of £1500 + VAT. The average sales commission in Northampton is currently around 1.7% + VAT and in Rugby around 1.8% + VAT.
  • Property is advertised on Rightmove and other key property portals.
  • Agent works to an agreed code with Belvoir, regarding what time and how frequently the property is accessed for viewings. Seeking to keep the tenant for as long as possible, potential viewers are channelled to appointment times that will cause least conflict with the tenant.
If you are considering selling, or know someone that is, please contact me (richard.baker@belvoirlettings.com) and I’ll put you in touch. As ever I’m happy to answer any questions regarding the above.

Richard.
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