Hello
Just wondering if anybody here would please be able to help with some advice or...link me to some threads on this great forum that would provide me with some reading material regarding a situation that i may be facing soon.
This is the situation briefly...
I own one IP (2bdr unit) in a block of 6.
All the owners are being approached by a developer who has initiated negotiations to buy out the entire block so their development next door to our building can expand.
It is very early days at the moment but I am wanting to prepare myself for this situation so I am ready if/when the time comes to negotiate a good buy out deal for myself.
I had intended to hold onto this IP for a good 20 years or more, in the hope that the situation at hand, would present itself 20 years further down the track. Also, I will be a first time Seller in this situation.
I understand that it will take all the owners to agree before things will progress.
At this point I'm just looking for reading material or other people's experience in handling a situation like this.
Thanks for any advice, I tried to search for some case studies on here unsuccessfully and please feel free to move this thread if I have posted in the wrong section.
Best of luck to everyone out there
Just wondering if anybody here would please be able to help with some advice or...link me to some threads on this great forum that would provide me with some reading material regarding a situation that i may be facing soon.
This is the situation briefly...
I own one IP (2bdr unit) in a block of 6.
All the owners are being approached by a developer who has initiated negotiations to buy out the entire block so their development next door to our building can expand.
It is very early days at the moment but I am wanting to prepare myself for this situation so I am ready if/when the time comes to negotiate a good buy out deal for myself.
I had intended to hold onto this IP for a good 20 years or more, in the hope that the situation at hand, would present itself 20 years further down the track. Also, I will be a first time Seller in this situation.
I understand that it will take all the owners to agree before things will progress.
At this point I'm just looking for reading material or other people's experience in handling a situation like this.
Thanks for any advice, I tried to search for some case studies on here unsuccessfully and please feel free to move this thread if I have posted in the wrong section.
Best of luck to everyone out there