Don’t get Caught out!
If you are considering selling your HMO, it is important you choose a team that understand the industry and HMOs inside and out.
Sure, you can opt to sell your HMO via a traditional estate agent, however from our experience many of these estate agents lack the knowledge needed to sell a HMO. This can lead to mistakes being made, transactions that go on for longer than they should be – all of which prolong your need to sell even more.
The same can be said for some of the cheaper online estate agents – we have had so many clients come to us after being let down by estate agents that promised the world but delivered nothing.
Not only that, the questions revolving around a HMO are completely different to those of a standard house such as: Is it licensed? Is it in an article 4 area? What is the average monthly rent? What are the outgoings? And many other questions relating to the HMO.
You see, so much time can be wasted as some valuers and mortgage companies will see it as a property, and others will see it as more of a business. This then leads to some inexperienced buyers trying to get funding with the wrong lenders – which slows things down and can ultimately lead to disappointment down the line.
That is why using The HMO Professionals to sell your HMO is so much easier, and stress free. We can offer to you the full market value for your property ensuring that the transaction is fair and reasonable for you and your needs. Not only that, we have the ability to move fast and help the transaction move along quickly. We take on that hard work and the hassle, allowing you to cash out and spend the money as you see fit.
We are always available to offer free expert advice if you would like a second opinion, or if you would like information on your next steps. Please do feel free to contact us for free support when selling your HMO.