Movewise is a property sales management service and the official sales partner of the NRLA. Movewise was founded in 2018 to provide a better way of selling property for homeowners, and now specialises in working with private and commercial landlords.
Tom Scarborough, Founder and CEO
What do they do?
Movewise provides a simpler, more efficient way of selling property, combining local estate agent knowledge with advanced data analysis, while taking care of the admin and hassle. The sale is managed seamlessly from start to finish, from initial valuation and choice of agent right through to completion, ensuring a faster sale while achieving the best possible price, whether you are selling a single property or a whole portfolio.
Key benefits of using Movewise rather than a traditional estate agent include:
A single point of contact, even when selling multiple properties across the country.
A choice of sales routes: estate agency, direct marketing to investors or auction, or a combination of these.
Flexibility: Movewise negotiates favourable terms with estate agents which means sellers are not tied in to exclusivity periods: you are free to switch agents at any time, at no additional cost.
An expert, independent property team on hand to give advice and chase agents and solicitors on your behalf.
How much does it cost?
1.5% of the sale price, or 1.7% in Greater London (excluding VAT). Minimum fees apply, and there is an initial one-off on-boarding fee of £500+VAT, which is deducted from the fee paid on completion. Corporate customers and NRLA members benefit from reduced rates of 1.4% (1.6% in Greater London).
Note that when selling through an estate agent, Movewise pays the agents out of the fee it charges – what you see is what you pay.
Top three tips
Choosing the right estate agent is vital, especially if you are selling a buy-to-let. Make sure the agent is experienced with handling investment property, and has a proactive approach to selling. Movewise analyses the market to find the best-performing agents for any property, anywhere in England and Wales.
When selling a rental property as a going concern, make sure that your rent has kept pace with rising house prices so that the yield adds up. Even with the recent market slowdown, prices have risen 20% or more in three years, and many landlords with long-term tenants have not raised rents by anything like this amount .
When selling a rental property, communication is key to avoiding problems with tenants. Give as much notice as possible that you are thinking of selling, negotiate set times for viewings, and consider offering a rent reduction in return for the tenant's co-operation.
