Hi everyone
Carrying on the theme of ethics.
I left a letter on the owner of two units neighbouring mine in Auckland. The elderly owner called me today wanting to meet up because he was interested in selling. He lives in one and stores in the other unit.
He wants to move into a rest home.
I am planning to meet up next weekend.
He has been unmarried and has no children. One of my rules is 20% below valuation with the current market change and +ve cashflow pretax.
I dont want to be seen as taking advantage of an elderly person.
Has anyone had this situation before and how have they handled it? - Keeeping integrity and be ethical?
All advise appreciated.
Carrying on the theme of ethics.
I left a letter on the owner of two units neighbouring mine in Auckland. The elderly owner called me today wanting to meet up because he was interested in selling. He lives in one and stores in the other unit.
He wants to move into a rest home.
I am planning to meet up next weekend.
He has been unmarried and has no children. One of my rules is 20% below valuation with the current market change and +ve cashflow pretax.
I dont want to be seen as taking advantage of an elderly person.
Has anyone had this situation before and how have they handled it? - Keeeping integrity and be ethical?
All advise appreciated.
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