Pricing accuracy matters more for income property than for a single-family home, because a buyer's lender is underwriting rent as well as the structure. A number pulled from a neighbourhood average rather than verified comparables and confirmed income invites lowball offers and a long sit on the market.
Suite legality is the second lever. A buyer who has to independently confirm with the City of Saskatoon whether a second unit is permitted will move slower and offer less than a buyer handed that confirmation up front, with leases, a rent roll and permit status already assembled.
Financing conditions also add time on a multi-family deal that a single-family sale does not carry, since a lender reviewing income property often takes longer to approve than one reviewing a straightforward owner-occupied mortgage. Joel Dyck prepares Buena Vista sellers with the documentation a lender needs before the property ever hits the market.
Get your hand-reviewed valuation from Joel Dyck.