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Sell HMO Property

If you’re an HMO landlord or developer looking to Sell HMO property then we can help.

We give you access to our HMO buyers database of over 25,000 HMO landlords, investors and buyers, and of course access to the open market via Rightmove, Zoopla and all other major portals for maximum exposure.

As HMO landlords and operators are aware, there are a lot of moving parts with HMO properties and so it’s important to give any potential buyers total clarity on what they are buying to allow for a smooth transaction.

How it Works

1. Valuation

We take the necessary details from you about your HMO property and collate this into a valuation document, allowing you to make a decision as to whether the market will be able to meet your pricing expectations.

2. Marketing

We take your property to market and put it in front of all HMO buyers, including our Rightmove, Zoopla, Prime Location and our private database of HMO buyers, until we have suitable offers.

3. Sale

We agree upon a sale to a mortgaged or cash buyer & complete the transaction on a time frame that suits all parties.

How We Compare

Whilst were similar to other agents in the fact that we sell property, we’re also very different.

  • We only sell HMOs.
  • We’ve been doing this successfully since 2013.
  • We’ve viewed and valued over 600 HMOs.
  • We’ve bought and sold over 300 HMOs since we started.
  • We’ve worked with over 1000 HMO buyers, sellers and service suppliers.
  • We are HMO landlords ourselves.
  • We understand HMO licensing.
  • We understand HMO planning
  • We understand HMO valuations
  • We understand HMOs inside and out.

Sell an HMO Property

Types of HMO Sale

1. Full Market Value Sale

  • Typically 30 – 120 days start to finish
  • Qualified Mortgage & Cash Buyers
  • 100% of the Current Market Value
  • Suit to sellers with no time constraints.

2. Quick Cash Sale

  • Typically 14 – 30 days start to finish
  • Pre Qualified Cash Buyers
  • 70-75% of Market Value
  • Suited to those needing a fast & guaranteed transaction.

Recently Sold HMO Property

NEWLY RENOVATED HMO PROPERTY IN WIRRAL

£ 185,000
The property comprises a 3 storey mid-terraced property providing retail accommodation to the ground floor with residential accommodation above. The ground floo [more]
The property comprises a 3 storey mid-terraced property providing retail ac [more]
£ 27288 Per Annumfull info
Sold
Sold

5 Bed HMO Croydon

£ 650,000
6 bed licenced HMO AgentHMO are pleased to present this fantastic opportunity of a 6 bedroom house with HMO licence in place producing a very good return, in a [more]
6 bed licenced HMO AgentHMO are pleased to present this fantastic opportuni [more]
£ 52200 Per Annumfull info
For Sale
New

6 Bed HMO Croydon

£ 595,000
6 bed licenced HMO AgentHMO are pleased to present this fantastic opportunity of a 6 bedroom house with HMO licence in place producing a very good return, in a [more]
6 bed licenced HMO AgentHMO are pleased to present this fantastic opportuni [more]

Get Started

If you would like a free HMO valuation and consultation on how we can help you sell an HMO property then get in touch using the following contact form. Alternatively call on 0203 970 4112 and we’ll be happy to talk you through the process

Frequently Asked Questions

Helping you answer some key questions

Do i have to remove my tenants?

No, absolutely not. All of your tenants can be kept by the incoming buyer.

What are the fees?

We charge 2% + vat, which is about 0.5% more than local agents. We do this because we offer a specific value proposition of understanding HMOs inside and out. HMOs are harder to sell and require a lot more time, effort and expertise. Local agents typically don’t realise 100% of the potential value because they don’t understand HMOs and thus they have a low transaction success rate.

How long is the contract?

The normal sales contract is 16 weeks. This allows us to extract maximum value out of the market, turn over every rock and find every possible buyer out there.

Who does the viewings?

Normally the managing agent knows the property and the tenants, inside and out, and so is the best person for the job. On occasion, we are also happy to support viewings.

How are HMOs Valued?

HMOs are normally valued based on either income (for larger HMOs) or bricks and mortar value (for smaller HMOs). Typically it’s not the seller or the buyer that dictates the ultimate value, but the valuer instructed by the mortgage lender. Its a complicated process but we’re happy to talk you through it. See this article on HMO Valuations for more info

How do I maximise the value of the HMO?

The best thing to do is to prepare a property for sale like you would any other.

  • Get high traffic areas painted.
  • Get all the paperwork ready.
  • Let the tenants know there will be some inspections, to encourage them to tidy their rooms.
  • Think about if you were buying an HMO what you would like to see and feel.

Preparation

Whilst you prepare to get your HMO property ready to sell there are a number of documents you can prepare to enable the incoming buyer have sight of all the necessary information.
  1. HMO Floor Plan
  2. Building Regulation Certificate
  3. HMO Planning Documentation
  4. Fire Alarm Certificate
  5. HMO Licence Certificate (if required)
  6. Electrical Safety Certificate
  7. RICS Valuation (if available)
  8. High-Resolution Marketing Photos
  9. Rental Schedule
  10. Management Contract

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