Looking to sell your holiday home after years of hosting paying guests? Whether you are selling a family home or retiring from letting a holiday home, we are here to help.
We understand that selling your holiday home is a big decision for you.
We will buy any brick-and-mortar holiday home – whether it is a house, an apartment, a bungalow, or a cottage.
Sadly, we can’t help you if you own a park home, a lodge, or a static caravan. This is because your lease will require you to sell the property directly to the freeholder or sell via them.
Table of Contents
Ready To Sell Your Holiday Home?
Running a holiday home can be a tough business, with laundry being one of your biggest bills after a mortgage. The property will also require higher maintenance than a home due to the high turnover of guests.
By the time you paid an agent, a cleaner, a laundrette, a window cleaner, commercial waste collection and replaced items such as stained towels, scratched frying pans and broken glasses – it leaves very little profit.
Putting your property up for sale during the busiest trading period can also be tricky. How will any potential buyers be able to view when guests are in? You can show around in winter months, but with a lower demand, the buyers may not be so keen.
If you have inherited a property and thinking about whether to sell it or rent it, then you may wish to consider these points:
- What sort of landlord do you wish to be? Are you a hands-on landlord or one who will appoint a letting agent?
- How good is your managing agent? Are they proactive in resolving maintenance and repair issues?
- If it is a jointly owned property with other siblings as beneficiaries, who will be responsible for receiving the calls from guests or the managing agent when the boiler breaks down? Who will be paying for it? Do you have contingency funds of up to £4,000 to pay for it?
- What if other siblings face financial hardship or a divorce and must sell? There are so many reasons why this could go wrong and ruin any relationship. Never do business with friends or family.
Can You Sell a Holiday Home?
Yes, you can sell your holiday let for cash if you want to retire or need a quick sale. A cash offer means you can quickly exchange contracts and agree on a completion date (usually within 10 days) or at a timescale that suits you.
This is where Property Saviour can help you. As a genuine cash buyer, we can make you a cash offer, cover your legal fees and complete the purchase in 2-3 weeks.
The best part? You can sell the property as it is – with no need for renovations.
Key information we need if you are thinking about selling your holiday let:
- How much is rental income per year?
- When is your main season?
- Do you have any repeat guests that return each year?
- Where do your bookings come from? How much are you paying in commissions?
- Do you offer any discounts or special offers during the quieter months?
- Have you ever made any insurance claims?
Yes whether you are looking to sell a residential holiday let or a commercial building such as bed-and-breakfast or a hotel, you will need an EPC certificate.
