My ex defacto partner and I have an investment property together. Her lawyer has requested it be sold, which I didn't want to do (because it's a great investment at our original purchase price and I had hoped we could maintain a mutually respectful friendship, which clearly now is not the case) but I have agreed to sell.
Her lawyer is trying to force the property to be listed this week for sale otherwise they will seek interim orders from the court for the sale. I have suggested that it be listed next year in February for numerous reasons:
Her lawyer is trying to force the property to be listed this week for sale otherwise they will seek interim orders from the court for the sale. I have suggested that it be listed next year in February for numerous reasons:
- Listing it now will likely mean there are not many buyers actively looking due to Christmas / school holidays and the property will sit for a long time.
- There will likely be more buyers on the market in February when school has gone back.
- The fixed lease will have less than a year to expire next year. More than one year of tenants (that can't be kicked out) would seem to be a mental barrier for many buyers.
- She has moved interstate and I'm left to organise everything, eg. repairs, agents etc.
- The property is leased by a company that provides 24/7 health care to clients with mental illness. So I suggested it would be beneficial to give them more notice and figure out a way that the agents can have appropriate access to show the property without affecting the tenants.
- I'll be away until second week of next year .
- The listing agent will be overseas.