Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How do I sell a multi-family home with tenants in Westmount?

Selling a tenanted Westmount multi-family means marketing to buyers who want the income, since The Residential Tenancies Act, 2006 carries the existing leases through to the new owner and a periodic tenancy cannot simply be ended to deliver the building vacant for a sale.

Access for showings and the home inspection has to go through proper written notice to each tenant, and a cooperative tenant who understands the process tends to make the whole sale faster than one who feels ambushed by strangers walking through their unit unannounced.

Price the building on the actual rent roll, verified against what the City of Saskatoon shows as legal suites, not on what a seller believes the units are worth. A buyer's lender will verify the same thing, and a mismatch there is where financing falls apart late in a deal.

Westmount's older stock means that verification step matters more than it would in newer construction. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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