Hi Everyone,
My house is included on a 4 hectare parcel of land that is in the process of being rezoned from Urban Investigation to b6 enterprize corridor. Mine and 3 neighbours properties, comprise a small portion of that parcel. The rest is owned by a developer.
I received a visit {and several phone calls} from a developer {not the developer who owns the land being rezoned} wanting to know if I was interested in selling. I told him no, Ive been here for 30 years, like it here and my kids live nearby etc. He has contacted my 3neighbours also with a view to purchase. He ask me if I'd been contacted by anyone else.
He rang again today and wants to pay me to enter into a contract for 12 months to give him first rights to buy my property if I decide to sell.
He is ringing me again next week to get my answer. I will not have time by then to visit a solicitor but would like to be a bit more informed about how these contracts work when I next speak to him.
My concerns are: If I do enter into this contract, do I have to state a selling price?
Are these contracts advisable? Is there a downside?
Thanks to any insight you can give me.
My house is included on a 4 hectare parcel of land that is in the process of being rezoned from Urban Investigation to b6 enterprize corridor. Mine and 3 neighbours properties, comprise a small portion of that parcel. The rest is owned by a developer.
I received a visit {and several phone calls} from a developer {not the developer who owns the land being rezoned} wanting to know if I was interested in selling. I told him no, Ive been here for 30 years, like it here and my kids live nearby etc. He has contacted my 3neighbours also with a view to purchase. He ask me if I'd been contacted by anyone else.
He rang again today and wants to pay me to enter into a contract for 12 months to give him first rights to buy my property if I decide to sell.
He is ringing me again next week to get my answer. I will not have time by then to visit a solicitor but would like to be a bit more informed about how these contracts work when I next speak to him.
My concerns are: If I do enter into this contract, do I have to state a selling price?
Are these contracts advisable? Is there a downside?
Thanks to any insight you can give me.