Search results

  1. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    What about agreeing to go to auction on the condition you can bid. That way you can buy his share at market value - as determined by auction.
  2. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    This may be a good strategy - just waiting it out. Or write back to his lawyer agreeing on an appointment of a trustee to sell it. No need to go to the Supreme court if you both agree.
  3. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    Yes she could do that - but should seek advice about bidding at the auction.
  4. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    Whats the question? Either owner could apply to the supreme court to get a trustee appointed to arrange the sale of the property. This will cost money for the court application, attendance and then a fee for the trustee. Around $20k at least in fees. You could possibly bid at the aution...
  5. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    I just wanted to compare what your valuation was to what his was.
  6. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    Yes, that would be the case. Where is your valuation?
  7. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    who ordered the valuation and have you discussed it with the valuer?
  8. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    Whoever orders the valuation instructs the valuer. They valuer will value as per instructed - firesale, open market sale, end value of development etc You should be instructing your own valuer to find out the value to you.
  9. Terry_w

    Valuation: 'as is' Market Value vs Projected Future value after development. Dispute

    You can come to some sort of agreement or get a trustee appointed to sell the property. Each party has a right to ask for whatever they want but the other party also has a right to refuse. Sometimes it might be better to just get a trustee appointed and get it sold - fees maybe $10k to $20k...
Back
Top