Disclaimer






"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

The Disinterested owner

Quite a few owners will not attend en bloc meetings simply because they do not want to sell and believe their non-attendance will somehow make en bloc go away. This kind of head-in-the-sand attitude works only if there are more than 20% who feel exactly the same way - but that is a very dangerous assumption to make.
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There is no way you can assume anything in en bloc. Assume the unimaginable. The property agent might have a spiel good enough to seduce even battle-worn aunties. The reserve price might be set so tantalizingly high that hitherto undecided owners might want to sign on the spot if they could. If only the pro-en bloc faction turn up at meetings then everything will be done according to their will. By remaining silent, disinterested owners run the risk of losing their homes without so much as a squeak of protest. Instead of pushing for transparency, fairness and accountability, disinterested owners hand their properties over on a silver platter. Disinterested owners are the majority's best ally as a neutral stance is as good as a 'yea' at meetings. So don't pretend you don't care, this is your most important asset for goodness sake, don't leave it to others to decide how to dispose of it.

Even if you truly are one of those disinterested types with a bo chap attitude, at the very least you should care that the process be done properly. Why leave it to fate, this is YOUR property and it is in your best interest that the sale, if it happens, be done well and that you get a fair and proper price.

Believe me, you will suddenly begin to care when your house is sold for half the replacement cost and you have to pack up all your belongings and downgrade.
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So, do yourself a favour, attend the meetings and stay in the loop
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and remember -
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A HOME LOST MUST BE REPLACED BY SOMETHING OF EQUAL SIZE AND VALUE - and preferably not in Woodlands!

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