Selling a rental without an agent
Property Investment

9 Thanks
91 Posts
2 months ago

I have a void at the moment and am currently doing my house up for rent again.   Its very big and a very big plot.   I already know someone that might want to buy it and if it was for the right amount I may accept.
My main question is, do I use an agent anyway as they check out the buyers finances which is much more in depth than it used to be?
Do I need an agent really?
Can my solicitor do financial checks on a buyer instead?
I am considering asking for a non refundable deposit and putting on a 12 week rule that if they dont complete in that time I would keep the deposit which would cover me for lost rent during that period etc and going into a less busy time of year to rent out if they go over the 12 week rule etc etc. 
I wish to avoid waiting around and any buyer thinking at that point I could be desperate to sell with no income from rent and try to reduce their offer etc.,  I am not sure if I can draw up an agreement with a non refundable deposit and 12 week buying period but this would give me some re assurance if I agreed for them to buy but had to leave the property empty with no income from it.
I had originally decided that I would at some point move back in and take my time to sell.
Any ideas and comments welcome.

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