- MLS listing facts require independent confirmation
- Permits, title, insurance and financing are property-specific
- Source links are informational, not endorsements
Prepare credible income and expense information
Gather current signed leases, amendments, deposits, rents, concessions, known notices and the available history of repairs or operating expenses. Determine which tenant or owner pays electricity, gas, water, sewer and other services from actual agreements and bills. Show gross rents separately from recurring operating expenses; neither projected market rent nor a property-search estimate is the present net operating income. Ask qualified property-management or legal professionals about applicable tenant protections, notice requirements and showing access. A buyer who wants to occupy one unit can face different transaction questions from an investor expecting existing tenants to remain. Do not promise vacant possession without supporting contracts and lawful procedures.
Coordinate pricing, financing and tenant disclosures
Compare similar legally configured two-unit properties in the relevant neighborhood, adjusting for condition, unit mix, parking, permits and rental circumstances. A converted single-family house with an unverified second dwelling should not be treated as an identical comparable. Discuss financing and appraisal requirements with the buyer's lender instead of declaring that a VA or conventional mortgage will qualify. Arrange property inspections and document access in ways consistent with tenant rights. Provide escrow with the actual lease and security-deposit information required to handle the transfer properly. Accurate permitted-unit, utility and income statements make the listing more useful to serious buyers without promising a yield, occupancy outcome or sales price.