What Questions Should I Ask a Buyer of My Property Portfolio?
Before progressing with a buyer, understand who they are, how they intend to fund the purchase, what they are offering and what conditions may apply.
Who is buying?
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
How is it funded?
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
What are the terms?
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
What due diligence is required?
Good preparation makes the position easier to understand and can help avoid avoidable delays. Gather the relevant ownership, property, finance and tenancy information and keep it current.
What happens if circumstances change?
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Who handles the legal work?
This is one part of the wider portfolio picture. Look at the issue alongside your properties, finances, tenancies and objectives rather than treating it in isolation.
Practical takeaway
A credible buyer should be willing to explain the proposed transaction clearly. 'Cash' or 'off-market' does not remove the need for appropriate checks.
What should you do next?
You do not have to decide before you understand your position. If a portfolio review would help, request a confidential portfolio valuation with no obligation to sell.