I’m currently facing this issue and would like some feedback.
I live in a 27 unit building and the surrounding properties have been bought by a local RSL which they are planning on expanding. They currently owe 5 properties in the building. Back in 2003 they offered to buy us out by offering a unit in the new development. The thing is this is my home I’ve lived here for 14 years and I’ve recently lost my job so obtaining a new loan would be difficult.
What should we do. Do I contact other owners and see what they think? In addition to this to buy a similar property in my area would be extremely expensive and where do I get money for stamp duty? And I need to be close to family as my mother is very ill. This is so stressful.
Cheers, S