SELL AN HMO PROPERTY

LOOKING TO SELL AN HMO PROPERTY?

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

We are a dedicated property agent, focused on selling vacant or tenanted HMO property throughout the UK.

If you choose to work with us to help you sell, you will get access to our Agent HMO database of over 50,000 HMO landlords, investors, and buyers, and of course access to the open market via Rightmove, Zoopla, and all other major portals for maximum exposure.

If you are looking to sell an HMO portfolio, please click here for more information.

 

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HOW IT WORKS

1. VALUATION

We collect all required details and collate this into a valuation document. We present this to you and together we decide on a pricing strategy.

2. MARKETING

You HMO property goes live to market and is put in front of HMO buyers, investors & landlords. It also goes to the portals rightmove, zoopla as required.

3. SALE

We agree a sale to a mortgaged or cash buyer, & complete the transaction on a time frame that suits all parties. It’s done.

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HOW IT WORKS

1. VALUATION

We collect all required details and collate this into a valuation document. We present this to you and together we decide on a pricing strategy.

2. MARKETING

You HMO property goes live to market and is put in front of HMO buyers, investors & landlords. It also goes to the portals rightmove, zoopla as required.

3. SALE

We agree a sale to a mortgaged or cash buyer, & complete the transaction on a time frame that suits all parties. It’s done.

HOW WE CAN HELP

Whilst were similar to other agents in the fact that we sell property, we’re also very different. Over 80% of our business comes from HMO landlords and developers that have been on the market with local agents and been unsuccessful. The rest comes from HMO sellers that want to have a dedicated & specific HMO sales experience.

10 key points to help you understand how we can help:

  • 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 350 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.
Get Started

We’re HMO landlords too and so understand HMOs inside and out. 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.

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BENEFITS

  • Pre Qualified HMO Buyers
  • Free HMO Valuation
  • Nationwide Coverage
  • £0 Lost Rental Income
  • No Sale No Fee
  • Sell With Tenants in Situ
  • HMO Expertise from Start to Finish
  • Dedicated HMO Team
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COMPARE YOUR OPTIONS

Use this comparison chart to help you decide which type of Agent you should use for an HMO property transaction. The type of Agent you use for an HMO transaction can make a huge difference in speed of execution and overall quality of experience.

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VALUATION

HMO valuations can be complicated. In our experience of selling over 600 HMOs over the last 10 years, we have found that valuing HMOs is one of the most complicated aspects.

If you need help valuing an HMO property or some professional advice choosing the best route forwards then call us direct on 0203 970 4112 or fill out the following form and a member of the team will be in touch.

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RECENTLY SOLD HMOs

Some examples of our experience selling 500+ HMO properties in the last 10 years.

Type Location Region Buyer Funding Sale Agreed Time Frame
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Type Region Funding Sale Time
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FAQS

Sell HMO Property FAQ

  • How does the process work?
    We operate a regular property agency model, where we work for you to maximise the potential value of your HMO in todays market. We gather all the data, conduct a valuation, put the property to market and get it sold. Simple.
  • Is selling an HMO complicated?
    Yes. HMOs have many more moving parts when compared to single dwellings (normal properties). Our mission is to simplify the process by breaking everything down and giving you maximum transparency along the way.
  • How quickly I am likely to sell?
    If the property is priced correctly it should get a sale agreed within 28-56 days of going to market. It has been as quick as 7 days, but also sometimes things do take longer. With the correct pricing 28 days is very possible.
  • Once I have a sale agreed, how fast will the transaction be?
    HMOs have more complexity associated with them. HMO licensing, planning, management, fire safety etc so they typically have more legal work associated with them and can take a bit long. With cash purchases, the average time to go through conveyancing is approx 6 weeks start to finish, but does vary depending on complexity. With mortgage purchases the additional element to factor in is the valuation, which can take from 2 to 6 weeks depending on the availability of a surveyor.
  • Are there any upfront costs?
    No, there are £ZERO upfront costs. Like any normal agent, we only get paid once you are sold and completed.
  • What are the benefits of using an HMO specialist?
    The main benefit is that you will have 100% HMO expertise from start to finish from a specialist HMO sales company that has handled over 450 HMO transactions in the last 10 years. Check out the benefits section to see them in detail.
  • Is there a contract?
    Yes we have a standard agency agreement template which has an intial period of 16 weeks. It details what your expectations are of us, and ours of you, and it makes doing business clean, simple & enjoyable for both parties. Feel free to contact us for a copy.
  • What happens if the property doesnt sell?
    If the property doesnt sell then you pay £ZERO and you are free to move on and forwards in whichever way you like.
  • How do you value or price the property?
    We have 10 years experience pricing HMOs to get them sold, but normally we are led by owner. We can give you our indications but the choice is up to you. Vendors often know more about the local market conditions than we do.
  • Where do you advertise?
    We advertise to our membership base of over 5,000 active HMO investors. We also have access to all the major property portals including rightmove, zoopla, primelocation and many more.
  • How are you different from a traditional estate agent?
    We are both different and similar to local agents. 90% of local agents HMO transactions are unsuccessfull because they dont understand HMOs properly. 90% of our HMO transactions are successful because we have intimate knowledge of HMO properties and the HMO sales process. Feel free to compare the differences here.
  • Is there a fast cash purchase option?
    Yes we have excellent relationships with professional property buying companies and cash only funds. This solution is really for people who really need speed and certainty. In exchange the price you will be offered will be less than what you will be able to achieve on the open market. We will help you manage this process to ensure you get what is promised.
  • Any other tips on what to expect?
    Yes there are plently and we have seen in all in our 10 years of selling HMOs. Our friends over at HMOhub have put together this handy guide to help you understand the process further.
  • What documents will I need to prepare?
    Any good quality buyer will want to see most of the following so best get your documents ready as soon as you can. HMO Floor Plan, Building Regulation Certificate, HMO Planning Documentation Fire Alarm Certificate HMO Licence Certificate Electrical Safety Certificate RICS Valuation (if available) High-Resolution Marketing Photos Rental Schedule Management Contract (if using a management agent)
  • How do i get started?
    Simply fill out the form on this page and book in for a discovery call with us to see how we can help you.