JESS RIDE ALONG


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Selling an HMO STEP 6 - SALES PROGRESSION AND COMPLETION!

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A short series of videos based around the steps to selling your HMO from valuation, marketing advice, likely buyer types, taking offers and negotiating and sales progression. The Property Advantage Richard Nicholls Jessica Mortimer-Collier Shrewsbury Shropshire Property #richardnicholls #richardnichollsproperty #richardnichollsshrewsbury #richardnichollsshropshire #hmo #investmentproperty #thepropertyadvantage #shrewsbury #propertyinvestment #tenants #landlord #btl #investment #ukproperty #propertymarket #northwest #landlords #investinginproperty #yield #ROI #HMOinvestment #cashflow #TPA #westmidlands #birmingham #houseshare #ukinvestmentproperty #hongkongbuyers #eastmidlands #southeast  
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Why do people sell their HMOs?

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  “Why are they selling their HMO if it cash flows so well?” We get asked this a lot by potential investors (usually first time investors). Answer usually goes something like this; Landlords sell for all types of reasons but usually one of the following: • Fall out with business partner • Divorce • Change of strategy (moving into development common) • “I prefer BTLs” • Can’t make the HMO work (means too tired and worn out as a self-managing landlord or has chosen a crap managing agent) • Need money for other ventures • Retirement • Made money on the refurb and now selling for a yield price to make a profit (flip) • Was overpromised a ‘commercial valuation’ by the sourcer who sold it to them pre-refurb • Had a ‘good stint’ as an HMO landlord, build a good portfolio and now it’s time to sell Like anything, the above reasons are 50% positive and 50% negative so it’s about mitigating your risks and making sure that your exit is on YOUR TERMS and not forced upon you if and when you do s...
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HMO Values - do they go up or down?

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Will your HMO go up or down in value over time? There are various ways that an HMO can increase in value... • Rents go up in the area due to demand increase (could be an expanding Uni, a large factory or employment coming to town etc). If the HMO was originally valued on the income then it will ‘go up’ in price. • Article 4 coming in or some other factor that means the local gross yield sale/value expectation goes down - this will push up values. • Standard bricks and mortar increase if the HMO was bought in the South or to a price comparative to B&M - hard to get ‘up north’ • If the tenant type changes or becomes more ‘investable’ - you can sell an HMO for more with a 10 year FRI a lease than you will get for the same HMO with poor occupancy and a tough tenant group etc But What goes up can also come down, and we see these factors equally as commonly • Having the HMO commercially valued upon refurb and based on high rents because the HMO is new. Fast forward 3-5 years when the pla...
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