Sell your house fast at the right price today!

Sell your house fast

Sell Your House Fast in The UK Today

Sell your house fast and at a price near to market value is the ideal solution for many homeowners in the UK today. If a sale isn’t possible then renting through 2let2U is also an option which can bring in much needed cash!

How can I sell my house fast in a time-scale which suits me?

Many of our landlords who use our letting agency from time to time come to us to sell their rented properties quickly. We have contacts with many ‘we buy any house’ firms such as Flying Homes Ltd or House Property Buyers who can arrange for one of their national homebuyers to purchase your home stress and hassle free. If this is of interest to you then call them directly at the links below.

Before choosing a property buyer, get your home valued

This is definitely something to seriously consider. Armed with an approximate value of your property, you will be able to negotiate better with property buyers if you know your home’s true worth. There are many house valuation tools where a rough valuation can be obtained free and relatively quickly. Try Flying Homes house valution tool, click here!

Different kids of property buyers what they offer and can you trust them? Check below before you sell your house fast

It’s important to look for trusted property buyers to buy your home or you could be left high and dry if you get caught out with the last minute price drop scam! This ploy is where a house buyer agrees to buy your home and then reduces the price at the last minute leaving you high and dry, and forced to accept a much lower price for your home.

Selling the conventional way via an estate agent

Another option for selling quickly is to use a good local estate agent such as 4sale2U who specialise in selling houses to motivated buyers especially in the Yorkshire area. Selling this way means being realistic about pricing your home. Look on Rightmove and see what houses similar to yours are selling for. Just because a house like yours is advertised at a certain price doesn’t mean that this is the selling price, ie the price it will sell at. They may have no interest in their property, few viewings and no offers. This clearly isn’t the correct price for the house given that it’s advertised on probably one of the biggest property portals in the World! Pricing and marketing are the two most important aspects of selling a house, and together with presentation, getting the balance right between all thre, will ensure a speedy sale at the right price!

Accepting less money but paying less for the next home?

You may perceive that accepting less money for your home is not an option just because you need a quick house sale? But selling fast and moving on with your life has a price doesn’t it? Also. what if your next home, you could buy another property cheaply, surely one would cancel the other out?

We hope you have enjoyed our short article on how to sell your house fast!

 

Working out Rental Values for Property to Let

Work Out Rental Values Before Buying Property to Rent out

Work Out Rental Values Before Buying Property to Rent out

Setting a Rent Figure for a Profitable Let

Buying a home as an investment for the future is usually a wise move – but only if you buy wisely. The general trend of house prices is usually upwards, so if you are buying with the long term in mind, you should be able to achieve significant capital growth. However, unless you are living in the house, you will need to ascertain what the optimum level of rent (rental value) is for your property before letting it.

Of course, the bare minimum you would expect would be to cover your expenses. However, with the right purchasing decision, some research into the local area and some careful financial planning with the help of a letting agency, you could actually turn a decent profit.

Assessing Your Costs

Before you can even think about setting a rental rate for your property, you will need to fully assess the cost of owning and letting it. Unfortunately, this is far more complicated than adding up the costs of purchasing your property. While a professional letting agent will work with you to set an appropriate rental rate, you will need to have a thorough understanding of the costs involved.

  • Buildings insurance costs will vary between areas and properties, so a little research is essential. And if you are furnishing your property, you will need contents insurance as well.
  • Replacement fixtures and fittings will be required periodically throughout the period of your ownership, so Rightmove.co.uk recommends that 10 percent of rental income is put aside for replacement items and decoration.
  • Maintenance is an inevitable part of being a landlord, so you should also put aside a percentage of your income every month to cover the costs of maintenance as they arise.
  • If your property is a leasehold, you will probably have to pay service charges and ground rent.
  • Vacant properties mean you won’t be receiving an income, so it’s always a good idea to set aside a little cash every month for such an eventuality. However, Barnsley letting agents with experience in your local area should be able to minimise the time your property stands empty.
  • Fees from rental agents must also be factored into the total cost of letting a property. However, choosing a skilled and knowledgeable agent will give your property an advantage over other houses to let in Barnsley.
  • The deposit you paid on purchasing your property

Doing the Maths

The basic principle of property letting involves charging more in rent than your property costs. Once you are sure that all the costs of owning and letting your property have been identified, it’s just a simple matter of adding them all up and deducting the total from the average rent for similar properties in your area – the difference is called your ‘net rental income’. This will give you an idea

whether letting is feasible.

However, you may find that the costs are greater than the rent you’re likely to achieve. In this situation, you will need to either cut costs wherever possible, raise your rent above the average for houses to let in Barnsley, or accept the fact that you might have to absorb a loss on your property. Of course, there is always the option to sell your house and search for a more appropriate letting opportunity.

A lettings agent will be concerned with achieving the maximum net rental yield, which is best explained with an example.

You charge £500 per calendar month for your property, which gives you £6,000 of rental income. However, after adding all your costs – calculated at £5,000 – and subtracting them from your rental income, you are left with a net rental income of just £1,000 per year.

Now, imagine you paid £100,000 for your property; this would give you a ‘net rental yield’ of 1 percent. If you’re paying more than £1,000 per year on finance for the property, you are losing money. Only by consulting with expert letting agents in Barnsley will you be able to set the rent that will maximise your ‘net rental yield’. There is a great guide and rental yield calculator available at YourWealth.co.uk that will simplify the process greatly.

The level of rent you charge is complicated by local demand and average rental rates in your area. However, if you have bought well and researched the area thoroughly, there is no reason why the value of your home and the rent achievable won’t rise steadily over the years.

The Property Owner’s Definitive Guide to Lettings

Definitive Guide to Renting Property

Definitive Guide to Renting Property

Welcome to 2let2U’s Definitive Guide to Lettings for Property Owners

Property letting has undergone something of a turbulent time in recent years. The economic woes of the property market have made property investment a riskier endeavour, but with a comprehensive action plan, some careful research of the market and a realistic financial proposal, there is no reason why property letting can’t be a profitable activity. There are 8 major factors involved in a successful property letting, and addressing them all in advance – with or without the expert help of a letting agency – should result in a profitable arrangement with your tenants.

Setting a Rent Figure for a Profitable Let

Before approaching a letting agent, you should have at least a rough idea of a realistic and achievable rental charge. This is the gross income that will be generated from your property, so it will need to cover all your costs, including mortgage repayments, maintenance and management costs. However, you are not on your own, as a chartered surveyor accredited by the RICS or Barnsley letting agents can provide expert guidance on setting a suitable rental rate.

Ensuring Your Property Letting is Legal

Letting a home comes with both a legal and moral responsibility, so you should avail yourself of those responsibilities before you let your property. Safety inspections, certificates and insurance are all issues you will need to address, as well as liaising with your finance provider regarding your plans. Barnsley estate agents or rental agents will be able to guide you in the right direction – ensuring you stay on the right side of the regulations.

Marketing Your Property for Letting

Marketing your property involves taking photos, writing engaging and informative descriptions, knowledge of local media outlets and the collation pertinent documentation for inspection by prospective tenants. There are hundreds of houses for rent in Barnsley at any given time, so having the expert help and advice of letting agents in Barnsley could give your property the edge over others in the area.

Preparing Your Rental Property for Viewings

Before you agree to show prospective tenants around your property, it is always a good idea to have a strict vetting system in place. Your tenants should be able to demonstrate that they are trustworthy and have the means to pay their rent. When viewings have been arranged, ‘staging’ the property to appeal to the target tenant is crucial to achieving your target rental income. Enlisting the expert guidance of a property specialist will help you to navigate the process more easily.

Fulfilling Your Health and Safety Responsibilities When Letting Property

The law states that, as a landlord with paying tenants living in your property, you have a responsibility towards their health and safety. Your property’s fixtures and fittings should be in a good state of repair, and any electrical and gas installations should be regularly inspected and have the necessary certification. Once again, you can access expert help on these issues from a letting specialist.

Checking Tenants in and Out of Your Property

Letting a property involves a series of essential tasks, including a demonstration of the property’s appliances, the taking of meter readings, the collection of a security deposit and the compilation of an accurate and mutually agreeable inventory. These processes usually need to be repeated when a tenant leaves. Having a checklist in place will ensure that nothing is forgotten – to the benefit of both you and your tenant.

Dealing with Nuisance Tenants

Despite having acquired references, a satisfactory credit check and a deposit, some tenants are forced to deal with the issue of nuisance tenants. However, there are several ways in which you can manage the issue before the matter becomes serious, including regular property inspections, communication with neighbours and the formulation of a detailed inventory. However, if eviction becomes your only option, the expert legal advice of estate agents in Barnsley or a lettings specialist could prove invaluable.

The Tax Implications of Letting a Property

Property taxes, capital gains tax and income tax are all potential liabilities for landlords. Whilst deductions are allowed for management and maintenance expenses, negotiating complex tax issues can be tricky. However, with extensive experience in property taxes, a lettings specialist can help you to manage your affairs effectively.

With some thorough checks, careful preparation and the expert help of a lettings specialist such as 2let2u.com, there is no reason why your foray into the property rental sector shouldn’t be a complete success!

Letting Agents Barnsley

Are you looking for a letting agent in Barnsley to help you rent out your property?

Look no further if you are searching for a letting agent as 2let2U is Barnsley’s premier letting agent, proactive, efficient and we guarantee your satisfaction when we rent out your house or manage a property for you!

And if you are a tenant or looking to rent a house then you have also come to the right place!