#64117
Flame Tree (Qld)
Flatchatter

    What a mess. But I can empathize with the vendors just wanting out of a bad situation. But in defense of their lack of mention, who knows: the new guys might love the bloke, or he might be planning on moving (back to jail!) soon anyways. So, how much do you reveal? I ‘d think as little as required is what most folks do.

    Another important oversight I’ve seen recently is the Strata Manager not making current financials available to prospective buyers in the agent sales guff. A recent owner in my block believed he had $6000 per lot (x 50 lots, so 300k) sitting in the corporate coffers – we didn’t: that was expended on capital works 6 months prior and we actually had just $300ish per lot.

    I’m unsure if he pursued that, or will, but that’s like someone stealing the cash off you, or your lot costing thousands more when you need tip in for funds you thought were already there.