Developer wants to buy our unit block

Discussion in 'The Buying & Selling Process' started by lolcoaster, 29th Aug, 2020.

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  1. lolcoaster

    lolcoaster Member

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    Sydney
    Thanks for your thoughts!

    I think we can get the requisite number of owners (70%) if the price is acceptable.

    Can you explain more about the selling agency agreement? The approach has been made through a real estate agent rather than directly from the developers themselves.
     
    lolcoaster, 7th Sep, 2020
    #21
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    The agent is working on behalf of the developer, they should be paid by the developer not by the vendors as this is an unsolicited approach (ie you didn't engage the agency to find a buyer, the developer engaged them to find prospective sites).
     
    Scott No Mates, 7th Sep, 2020
    #22
    David_SYD, Dave Radelaide and lolcoaster like this.
  3. carfield

    carfield Well-Known Member

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    24th Jul, 2021
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    Location:
    Brisbane
    sounds like a **** show in my view. i cant agree with wife about anything and you have 10 owners with varying views.

    if it was me, i would front run and sell my own unit to avoid hassle
     
    Last edited by a moderator: 4th Jul, 2022
    carfield, 4th Jul, 2022
    #23
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