All Topics / Help Needed! / My Building is in Litigation – When Shall I Sell?

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  • Profile photo of may8may8
    Member
    @may8
    Join Date: 2010
    Post Count: 1

    Hi I am new to the forum.  My building has just begun litigation with the builder over $4M worth of defects.  We are only at the discovery stage.  I am keen to sell my unit but don't know when might be a good time.  The agents I have spoken to advise that the earliest time would be after the lawsuit is settled one way or the other and before defect rectification starts.  Has anyone else experienced a similar issue and if so could you please share your thoughts on the subject?  Thanks!

    Profile photo of RhettusRhettus
    Participant
    @rhettus
    Join Date: 2013
    Post Count: 7

    Hi may8

    how did you go with this property. Which state was this in?

    what was the outcome. I am in a similar situation.

    rhett.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    I have a feeling May wont be back to update us.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

Viewing 3 posts - 1 through 3 (of 3 total)

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