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Smart Btl's - There Are A Few About.

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Went to see a property last weekend. Turned out to be a BTL selling up. After talkin to the EA and saying I had seen a couple of other similar properties that were in better condition (owner had looked aftewr the place rather than tennants not caring and the place looking a bit run down) and would be better value for money than this one, I asked if he had any offers and why he was selling. He had turned down an offer of 93% of asking price ( I was going to offer less).

House was bought 4 years ago and is selling for a healthy profit. He is selling because the owner would like to invest the money in a non housing related project. EA then added, without me asking, there are quite a lot of landlords doing the same at the moment.

Some people have realised we are in a bubble and now is time to get out.

Still maybe he is stupid for not accepting that very reasonable offer (if it ever actually existed).

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these arent the 'smart' btl people - theyre too late.

the 'smart' money got out last year latest.

I have looked @ 3 property's in the last week and every one was a BTL selling up.


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At least 2 BTLs being sold within an earshot of my house. The first is empty, the second is being sold tenanted although the tenancy runs out in a few months time.

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