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Updated over 3 years ago on . Most recent reply
Developers offering to buy out condo building where I own a unit.
Hi all,
I own a unit in such a condo, HOA and owners received offers from developers. My intention were to retire in that unit.
1) Will I have to sell if majority agree and more forward do sign contacts?
2) Any nego strategy recommended to get most of the deal?
Thank you in advance.
Most Popular Reply

Yes, hostile take over of a condo is a thing. The rules vary by State, but if they obtain a majority of the units they may (depends on the State) be able to force a sale through the courts.