If you are looking to sell your tenanted property, we can help you. Selling a tenanted property, whether it is a house or flat, can be a complicated situation but we can help you make the process simple. At Gaffsy, we specialise in purchasing tenanted properties for cash, offering a smooth and hassle-free process for landlords.
We understand the unique challenges and opportunities that come with selling a property that is currently occupied by tenants but our team of experts are here to provide you with a fast, straightforward solution that will allow you to sell your tenanted house or flat.
Can I Sell My Tenanted Property ?
Can I Sell My Tenanted Property ?
Selling a tenanted property is entirely possible and we can assist you every step of the way when you are selling your property. For detailed information on the specific steps, considerations and options you have when selling your tenanted property, you can check out our comprehensive guide to selling a house with tenants in situ.
When selling your property with tenants in situ, it is important that you honour the terms of your tenancy agreement. You do not have the right to evict your tenants from the property unless their lease agreement has come to an end, or you have a reasonable reason under the section 8 notice. Even though you cannot evict your tenants, it is very possible to sell your property whilst they are in situ. As long as you give your tenants notice that you are selling the property and keep them informed, there should be no issues when selling your property.
Typically, when selling your tenanted property, you will receive lower offers as there are less potential buyers particularly as end-users, who tend to pay the highest prices for property, often won’t look at property with tenants in place. However if you opt for a cash buyer, you can have access to the funds for your property immediately.
How It Works
If you are looking to sell your property with tenants in situ, then opting for a cash buyer can provide you with a fast, straightforward solution. At Gaffsy, we have the funds to buy your tenanted property straight away and your tenants can continue to live at the property with their agreed lease terms.
The process is very simple and you could receive the funds for your property in as little as 7 days.
You can then decide if you would like to go ahead with the offer
Our valuer will carry out an in-person valuation of your property at a time that has been agreed by yourself and your tenants
A final cash offer will then be provided
After you have accepted the offer, we will instruct our solicitors to start the legal process
You confirm a completion date that suits your timeframe
We will complete the sale and you will receive the cash for your property
The tenants will continue to live in the property under their fixed lease agreement
3 Simple Steps to a Tenanted Property Sale
1
Receive Cash Offer
Receive a cash offer on your tenanted property by filling in an enquiry form or calling us. We promise a quick cash offer.
2
Agree To Our Offer
Once you have agreed to our offer we will handle the rest. We even pay your legal fees. So you receive the full amount offered.
3
Completion
Once the final offer is accepted, we will agree a completion date to suit you. The sale will be complete and you receive the cash.
Get a Free Cash Offer today
What Fees Are Associated With Selling My Tenanted Property?
One of the main advantages of selling your tenanted property to Gaffsy is that there are no hidden fees when you come to sell your tenanted property. We will cover all of the selling costs so the cash price that we offer is the amount you receive. There are no estate agent fees and we will manage all aspects of the sale transaction making it a cost effective solution for landlords.
Why Sell A Tenanted Property?
There are numerous reasons why landlords may choose to sell their tenanted properties:
Release capital – many landlords will want to access the equity that is tied up in their rental property either for other investments or personal needs. Having access to cash straight away for your tenanted property can be very beneficial for many landlords.
Manage risk – a lot of the time, tenanted properties are exposed to potential issues or property maintenance and landlords simply do not want to deal with these issues and have to pay for them. Selling your tenanted property can be an easy way to no longer have to worry about paying for these issues without evicting the tenants.
Increased regulations for landlords – increased regulations for landlords including the section 24 landlord and tenant act, and the renters reform bill can put a lot of pressure and restrictions on landlords and potentially mean that their investment is no longer financially viable.
Change in personal circumstances – adapting to changing personal circumstances, such as relocation, financial needs or retirement can mean that landlords need to sell their tenanted property in a timely manner.
High interest rates – rising interest rates over the last few years have made property with tenants less profitable for landlords. With the Bank of England interest rate now at 5.25%, the costs of servicing the interest when combined with agency fees and maintenance, mean that the income generated by properties with a sitting tenant is often below the interest on a buy-to-let mortgage pushing landlords to sell up.
Selling a tenanted property can provide landlords with the financial liquidity they need to move forward with their plans in life. We can provide a fast sale of your tenanted property allowing you to have access to the cash within as little as 7 days.
Why Should I Sell My Tenanted Property To Gaffsy?
Why Should I Sell My Tenanted Property To Gaffsy?
At Gaffsy, we offer many benefits for any landlords who are looking to sell their tenanted property:
Speed and convenience – we offer fast, cash offers and can complete in a timely manner that suits yours and your tenants needs.
Expertise – our team has extensive experience in handling the sale of tenanted properties so we can guide you through what can sometimes be a complicated process of selling your property. We have bought many tenanted properties over the years and we ensure a smooth process and a guaranteed sale for your property.
Cost effective – we cover all of the costs associated with selling your tenanted property, including legal fees so you can assure it is a cost effective service providing you with a transparent offer for your property.
Tenant friendly – when selling a property with tenants in situ, we know that other things can pop up but you can be assured that we handle all tenant communications professionally and sensitively so that they can continue living in the property with minimal disruption.
I worked with Oren on a property that has been on the market for over a year, we were unable to find a buyer so I turned to Gaffsy. From the beginning till the exchange the communication has been amazing with especially with Oren who always available if I needed anything. I would suggest to use Gaffsy if you're looking for a quick sale as their services are quick and effective. Keep up the good work guys!
We would thoroughly recommend Gaffsy and especially Oren Kander. He was very efficient, kept us in the loop at all times. Nothing was too much trouble. Excellent company.
We contacted all the companies that pop up first in a Google search.
All promised alot and wasted a year of my time. Ignore all the other companies for your peace of mind, there is no care or concern for your real life situation.
All tried to lower their offer just before exchange after all the conveyancing had began.
From the very first phone call to exchange and completion, Oren @gaffsey gave a fair price, he was completely transparent. kept us completely in the loop did not change his offer and paid the Solicitors costs.
The local authority made an offer to reclaim the leasehold but still gaffsey gave the best deal and wrapped everything up in just over 2 months.
We managed to purchase and move into our new home seamlessly.
Again thank you for your integrity, honesty and fairness Oren is a decent upstanding human being and I whole heartedly recommend his company.
Very helpful and supportive to me. I really appreciated their honesty and understanding towards my situation. I really appreciated how well they communicated and always responded to my concerns.
I had my London flat on the open market with numerous traditional estate agents for several months and, despite plenty of viewings, there was very little genuine interest and no meaningful offers. The process became incredibly disheartening — particularly as I didn’t always feel that agents were being fully transparent with me about the realities of the market or what was realistically achievable for the property.
At my sister’s suggestion, I began exploring the option of working with a cash buying broker, which is how I came across Gaffsy. From the outset, Oren Kander impressed me with his open, honest and pragmatic view of both the property and the wider market. There was no fluff or over-promising — just clear communication and realistic advice.
Oren worked tirelessly to source the right cash buyer at a fair price, ultimately achieving a successful sale with a two-week completion, which was a huge relief after such a long and frustrating experience on the open market. Throughout the process, he kept me well informed and managed expectations professionally and transparently.
I’m really pleased with the outcome and would absolutely recommend that anyone struggling to sell a more complex or troublesome property reaches out to Gaffsy to explore their options.
Just give them a go you have nothing to loseThis company This company with excellent customer service with a very professional courteous manner. Certainly not pushy Respectful of my needs Giving me advice and their expertise to move forward I would not hesitate to use this Company again
The staff were helpful and pleasant, and always available to speak to. If we ever missed a call, they returned it promptly.
They made a very good offer on the property, which would have made the transaction extremely straightforward.
We ultimately decided not to proceed for personal reasons, and not due to anything on their part. Quite the opposite. When we informed them of our decision, Ben was empathetic and completely understanding.
We would certainly recommend Gaffsy as a genuine and helpful company, and they would be our first choice should we decide to sell a property in the future.
Gaffsy has been an exquisite and immaculate company to work with, communication was speedy and spontaneous during the sale process..Oren has been very fantastic throughout the sale process..I will surely recommend Gaffsy to anyone looking to sell their property..they are ultimately genuine Cash buyers 100 percent(No messing around). Big Up Gaffsy... Merry Xmas and Happy new year to the gaffsy teams!!!Well done...Thank you.
Gaffsy keep their word! During the stressful time of selling our property, Gaffsy were empathetic (massive thanks to Daniel for being understanding and informative), contactable, professional and straightforward. Oren was often in contact with us throughout the process, and the sale of our property went how he said it would. Me and my partner were selling with the aim to move abroad, and Gaffsy allowed us to make this possible. If you want a reliable company, that do what they say on the tin, then i have to recommend them! Thank you again to the whole team and everyone involved.
Oren has been extremely responsive, professional and friendly throughout the process. He gave realistic expectations and did his best to market and help sell our flat. We did have some viewings and interest, but ended up waiting until works were complete in our flat to re-market. I'd recommend getting in touch with Gaffsy, they'll take good care you.
I wanted to sell so land that I'd bought during covid and a bad relationship. Gaffsy sold it for me for more than I expected and without me having to go back the the area (it's 5 hours away from me and I have a 9 month old, honestly the lack of involvement needed from me was the best part!). I'm really quite surprised it all actually happened as it's been a stress in the back of my mind for 3 years and just so happy I can move forward from it. Would definitely recommend to someone in my position.
Wanted to say we had a good experience with Gaffsy for the sale of our garage. Also to say a big thank you to Oren who was very helpful guiding us through this sale, if any problems arose, as we had on our side, one phone call to Oren and he sorted it out straight away. Would highly recommend Gaffsy for their 5 star service.
Oren Kander has demonstrated professionalism from the initiation to the conclusion of the garage sale, exhibiting helpfulness, honesty, and thoughtfulness, while ensuring that progress remains on course throughout the process.
I have nothing but positive things to say about him since he makes the entire process go smoothly and you know you're in good hands the whole time. He'll give you a reasonable price for your property in contrast to the market price, and he'll also pay your solicitor's fees. I highly recommend getting in touch if you have a garage or property for sale.
Response from the owner:You were a pleasure to deal with Madaser! Thank you for the kind review
Gaffsy Team
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FAQs
How quickly will it take to sell my tenanted property?
We will complete the purchase of your tenanted property within a timeframe that suits you. We offer flexible timelines that are set by you so whether you want to sell your property straight away or in a couple of months, we can accommodate your needs.
Selling a property with a tenant in situ can be challenging as you will need to find a particular type of buyer. However, it is very possible and opting for a cash buyer can make the process much more simple. At Gaffsy, we aim to make the process as smooth and hassle free as possible and can buy your tenanted property for cash within a very quick time frame.
What happens to the tenants after I have sold my property?
If you are selling your property with the tenants in situ, your tenants will remain in the property under the same terms of their current lease and the new owner will become the tenants landlord.
How much less is a property worth with a sitting tenant?
When selling a property with tenants in situ, there may be a lower value for the property due to the limited number of potential buyers. In general, selling a property with a sitting tenant may devalue the property price by up to 20%. However, depending on the yield, selling a tenanted property, may be attractive to potential investors as it is generating a rental income. With that in mind it is important to show potential buyers that your tenant has a good record of paying rent on time.
We understand that selling your property with tenants in situ can be complicated, however we have all of the information that you may need whilst going through this process. Below you can find all of our related guides, written by industry experts, which will help make the process of selling your tenanted property much easier.
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