Forum Replies Created
Hi Milly
Putting the legal issues aside, on the face of it the landlord appears to be extremely heartless and uncaring towards another human being. Not having the full facts, other than what you have written (I assume they are established facts), makes it difficult to give a meaningful reply. What I would like to say is you appear to be quite discriminatory towards South Africans. While I do understand your anger, surely a persons nationality is irrelevant, either they are good people or they aren't? I can only assume you have never been to South Africa, as I can assure you, you will not see any slaves being ordered around. The vast majority are extremely hospitable, would go out of their way to help people, and in the case of your fathers friend, would certainly try to work something out. You are obviously very upset but rather than defaming a whole nation, I would suggest you call them up, or go and see them to work it out, attacking them is not going to help.
Cheers
Prop1Hi Richard
Thanks for all your info, much appreciated
Cheers
AndrewHi Richard
Seems fair enough. Would one use a valuation company or realestate agents. My understanding is that the valuation to a degree is determined by the purpose of the valuation(capital gains,investment,selling etc). Would this be correct and if so what would be the most equitable way to go? Would the valuation costs form part of the selling costs or would that be for my own personal account? Our current valuation is a year old, Feb2007,do you think it wise to get a current valuation,Feb2008.
Cheers
Prop1
Hi Richard
Thanks a lot for your reply,
I don't have anything here yet, I could possibly go through a South African lender in that case but not sure how it would work with me in living in Aus. Is it possible to find money elsewhere, maybe privately if need be? The loan amount would represent approximately 25% of the value of the properties. The bulk of the income would go to paying off the loan, which would roughly take five years but definitely within ten.
One more question , in the event of me being payed out, (this is quite possible)how would one work out fair and reasonable value? The other beneficiaries are prepared to sell the two mentioned properties on the open market to pay me out. If they sold for more than the valuation, would that mean a percentage increase would need to be applied to the valuation of the remaining property to reach a pay out figure and obviously vice versa? Or would it be fair that what ever extra is made over and above the valuation figure goes to the remaining beneficiaries but if less than valuation I get valuation figure?
Not sure if this is your area of expertise but if not maybe somebody else could reply.
Thanks again
Prop1
