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VeryMeanReversion

Got 3 Houses To Sell

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I've been appointed executor for a will and now have one family home and two BTLs to sell. They don't go to me but I have to sort it all out. One tenant is reliable and will stay as long as they want, the other hasn't paid the rent for 6 months and I'm now trying to get them out.

I'm going to have to talk to estate agents :o , will let you lot know what happens. I'll price them at 20% below peak to start with. I figure its best to sell before the spring bounce goes cold.

Why anybody wants a BTL for their old-age income amazes me. By the time you are getting elderly or ill, you aren't going to want to deal with all the worry. A void when the tenant is still in there can get expensive when they are determined to stay.

VMR.

P.S. If you haven't got a will, get one.

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P.S. If you haven't got a will, get one.

Good point. I've got a mate who won't be dissuaded from the belief that with no will his wife gets everything if he dies. That doesn't happen.

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I've been appointed executor for a will and now have one family home and two BTLs to sell. They don't go to me but I have to sort it all out. One tenant is reliable and will stay as long as they want, the other hasn't paid the rent for 6 months and I'm now trying to get them out.

I'm going to have to talk to estate agents :o , will let you lot know what happens. I'll price them at 20% below peak to start with. I figure its best to sell before the spring bounce goes cold.

Why anybody wants a BTL for their old-age income amazes me. By the time you are getting elderly or ill, you aren't going to want to deal with all the worry. A void when the tenant is still in there can get expensive when they are determined to stay.

VMR.

P.S. If you haven't got a will, get one.

Yes it is very wierd, I think it will be proven in the long run that people were only after the easy money of capital appreciation.

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Good point. I've got a mate who won't be dissuaded from the belief that with no will his wife gets everything if he dies. That doesn't happen.

If the estate value is less than £125K, he's right. If it's more, then any kids will get a share.

VMR.

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I've been appointed executor for a will and now have one family home and two BTLs to sell. They don't go to me but I have to sort it all out. One tenant is reliable and will stay as long as they want, the other hasn't paid the rent for 6 months and I'm now trying to get them out.

I'm going to have to talk to estate agents :o , will let you lot know what happens. I'll price them at 20% below peak to start with. I figure its best to sell before the spring bounce goes cold.

Why anybody wants a BTL for their old-age income amazes me. By the time you are getting elderly or ill, you aren't going to want to deal with all the worry. A void when the tenant is still in there can get expensive when they are determined to stay.

VMR.

P.S. If you haven't got a will, get one.

Seems reasonable to me. the deceased had obviously been supplementing their pension and house price inflation. He was probably well in profit too if they had bought pre - 1996.

I know a few old folks living off the income they have coming in from buy to lets.

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I've been appointed executor for a will and now have one family home and two BTLs to sell. They don't go to me but I have to sort it all out. One tenant is reliable and will stay as long as they want, the other hasn't paid the rent for 6 months and I'm now trying to get them out.

I'm going to have to talk to estate agents :o , will let you lot know what happens. I'll price them at 20% below peak to start with. I figure its best to sell before the spring bounce goes cold.

Why anybody wants a BTL for their old-age income amazes me. By the time you are getting elderly or ill, you aren't going to want to deal with all the worry. A void when the tenant is still in there can get expensive when they are determined to stay.

VMR.

P.S. If you haven't got a will, get one.

good luck VMR. :)

I don't envy your task in the current climate.

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