Residential Investment
Residential property continues to be a most popular investment vehicle with excellent medium to long term returns though an overall softening in the market has resulted in a marked change in how such properties are being sold in Edinburgh. An increasing amount of residential property sales are now being carried out at fixed prices as opposed to the 'offers over' method employed in previous years.
In the past investors deciding to sell properties have usually opted for the open market, 'offers over' method in order to obtain the best possible capital return. This has necessitated terminating existing tenancies in order to market a vacant property. Now, however, with the fixed price option, investors have the additional choice of selling directly to another investor. The benefits to both seller and purchaser of this course of action include:
- no loss of rental as tenancies can continue throughout the selling process
- no expenditure for marketing or estate agency
- no expenditure for council tax or utilities as property will not be vacant during the selling process
- no costs to clear out property as there is a high possibility of including all contents in a sale to another investor
- attractive to prospective investor purchaser as rental income commences immediately
- transparency of income yield for prospective investor purchaser
- shorter transaction times as investors generally have immediate access to funding
If you are considering selling your property and would like an idea of both how this process works and what price you might expect to achieve, please call us on 0131 447 8191 for a free market appraisal.