Here at The Property Advantage, we have tried and trusted processes for selling HMO property to the right investors. We recognise that the sale of HMOs cannot be treated in the same way as a ‘vanilla’ residential property. That’s why The Property Advantage benefits from a specialist approach to marketing HMO property. Selling an HMO involves navigating a variety of factors, including the market conditions, lender requirements, potential valuations, and of course tenant peace of mind.
In volatile economic times, down-valuations from lenders can happen. There are many factors which affect HMO valuation, and here at The Property Advantage we are aware of them all. In many circumstances, we are able to work alongside lenders and investors to ensure the right valuation figure is finally achieved.
Benefits of selling HMO property with The Property Advantage
Here are just a few of the reasons why we’re market leaders in the sale of HMO property.
Yield Valuation
You may be wondering what steps there are to sell an HMO? One of the main steps is valuation. We value your HMO property as a business asset – not a bricks and mortar property. Yield valuations are often in excess of bricks and mortar value, meaning that vendors are achieving maximum value for the sale of their HMO.
Tenant Friendly
Our Buying Clients are 99% Investors. Therefore, people wishing to purchase the property want to benefit from its income, continuing to run it as an HMO. This means that your tenants are safe in the knowledge that their home will remain theirs upon the completion of your sale.
HMO Experts
At The Property Advantage, we know how to sell an HMO. Our team of experts specialise in the sale of HMO properties including, valuers, photographers, administrators, sales brokers, sales progressors and everything in between. That makes The Property Advantage the go-to team for HMO Sales.
Brokers NOT Agents!
One of the mantras here at The Property Advantage is ‘first buyer is not always best buyer’. Because we have such an extensive history in selling HMOs, we know how to connect the right buyer to the right HMO. For example, if you are a new HMO investor you might not know the sector well, and need more assurance about yield and geographical area. Therefore, you might want to choose one of our Trustmark properties. Or, if you are a seasoned HMO investor looking to add to your portfolio then we will work with you to ensure your latest addition is as close as possible to your very specific investment requirements.
Quality Control
Unlike many estate agents and HMO selling agents, we visit every single property that we list. That is because photos and words can be misleading and it is critical to make a physical assessment of an HMO to understand its potential value to an investor. We have the strongest due diligence procedures in the UK with regards to vetting HMOs and there are many HMOs we would simply not consider selling to our wide pool of investors.
But don’t just take it from us, take a look at what both investors and sellers have to say about us. Our reputation is paramount.
International Exposure
We understand that there is strong desire to invest in UK HMOs from Europe, Asia and the Middle East. We work therefore to expose your HMO to a variety of potential audiences, both within the UK and further afield. With clients who are not located in the UK, there is often more due diligence work to be conducted which is why it is critical to have a team who know these processes and have ‘walked the walk’ many times. The process of selling to an international investor can be slightly more extensive because of currency fluctuations, international money markets and disparate knowledge of the HMO sector. We will work with you to ensure that we match your HMO to the right buyer.
Our Buying Clients include
At The Property Advantage, we are specialists in marrying up sellers and investors thanks to our established networks. We have a wide range of clientele thanks to years of growing our reputation and building relationships with prospective buyers.
Care Sector Clients
Since 2018, we have grown a close relationship with the Care sector in the UK. The Property Advantage has sold many HMOs, small blocks of flats, self-contained units and whole portfolios to buyers within this sector. Indeed, HMOs and units of multiple occupancy have played an extensive role in homing some of the more vulnerable within our society. We find that the sales process within this sector is often very fast and offers little potential for fall-through, therefore offering a brilliant selling option.
Overseas Investors
The Property Advantage team started marketing directly in Hong Kong & China in 2019 and ever since this side of the business has continued to grow. Our ever-growing network of overseas clients provides a fantastic buying option for your HMO. Each day new clients register their interest in our HMO investment opportunities.
HNW & Funds
We make an immense effort to retain some very exciting high net worth (HNW) and fund clients for our larger assets, land and portfolio. Properties that suit this buyer type will be personally showcased to the client by one of our specialist HMO brokers.
On Market Buyers
A lot of our investment stock is not 'marketed' in the traditional sense of the word. For some investment properties, however, full marketing is the best approach to get the best price from the most secure buyers. We therefore have the ability to market and reach the same audience as traditional agents via RightMove, Zoopla, OTM, Estates Gazette and more.
Registered Private Investors
We have spent years growing an extensive and detailed database relating to existing and prospective investors. We are actively in touch with many of these prospects on a daily basis, because their needs change, and we might need to pivot accordingly. We know we have the strongest prospect database in the HMO space. Many of our investors have proof of funds logged, and are simply waiting for their next investment opportunity.
Want to know more?
Take a look at our vendor brochure for more information on how we can help you to sell an HMO. Or, if there are questions you still need answering, please see our vendor FAQs or contact us.