Is renting your property an attractive alternative to selling it?
Selling your property can be a real waiting game.
The HomeOwners Alliance have recently tracked how long it takes homes to sell across different parts of England and Wales.
They suggest that the average time for a property to go under offer is 61 days. That’s two months!
But, in some areas, the wait can be even longer: the longest average time recorded before a property was under offer was 108 days, or more than three months.
Let’s also be clear about one thing: receiving an offer is far from a guarantee that the sale will go through. An offer is the start, not the end, of the sale process. And at least one in five offers do not make it through to completion. At this point, of course, the seller is back where they started all those months ago.
Realistically you should allow five to six months to sell your house. For many of us this is simply too long: which is why renting out the property offers an attractive alternative.
Especially if you can guarantee your rent.
Khalil’s Rent Guarantee Scheme
Let’s assume you have inherited a property. Renting it out will offer you an additional income while allowing you to also benefit from any capital appreciation.
If you are looking to move you can transfer your existing property onto a buy-to-let mortgage. There are some very great fixed rate deals out there at the moment, thanks to the low interest rate, and you will release equity that can be used as a deposit on your new home.
And, of course, the rent you receive will help pay the mortgage on it.
Yet, what puts most people off the option of renting is that they simply don’t want to deal with tenants or become a landlord.
This is where Khalil’s Rent Guarantee Scheme can really help.
We lease your property from you and we guarantee you rent, whether the property is occupied or not. This means you know exactly how much you will have coming in every single month.
We also find and manage your tenants and take care of all the daily maintenance on your property for you.
It’s the perfect solution for those who want the benefits of rent without the hassles of being a landlord!
And we start paying you rent the moment you hand over the keys. There’s no nail-biting six months and no uncertainty.
So, if you’re struggling to sell your home don’t forget that there is a very attractive alternative. Contact us today to find out more about receiving an immediate income from your home.
For more information about renting rather than selling your home call Ahmed Khalil on 01273 573960, visit Khalil Properties at 124 Lewes Road, Brighton BN2 3LG, or find us online at www.khalilproperties.co.uk.