rburg
Member
Ok its time to fish or cut bait. The corrupt city where I live wants my house. I'm too old to be homeless and living under a bridge. They've said they don't want to use eminent domain, but I don't trust them. They want to build a firehouse here. I've got 3 lots, its on a corner, and its very convenient. They also want the property next door, but its been up for sale since the criminal next to me went away to the big house.
I don't want to move, but we have some repairs we need to make, and I don't want to spend the money painting and roofing the place if I'm not going to get it back. I understand everyone wants top dollar for their place when they sell, forced or not. And with them building a high dollar condo across from me, I'm probably going to be looking at a huge valuation increase shortly (and the corresponding increase in property taxes.) I have no experience dealing or negotiating with government entities. All I know is I hate them.
So what I guess I need to do is find and hire an experienced attorney, one who does that kind of negotiating. I see multiple problems in my future. First and foremost is the amount they're willing to pay me. Followed closely by when they'll pay it. My wife can't understand that last. But if they won't close the deal for 5 years, I'm sitting in limbo that entire period. Can't sell to anyone else, don't have the money in hand to buy another place (I could get a loan, but I plan on being unemployed, permanently.) If I agree to a value, then the inflation monster goes wild, I won't get the same purchasing power.
Anyone know how these deals work out? Is there any vehicle or method to use to come out at least even, if not ahead?
I don't want to move, but we have some repairs we need to make, and I don't want to spend the money painting and roofing the place if I'm not going to get it back. I understand everyone wants top dollar for their place when they sell, forced or not. And with them building a high dollar condo across from me, I'm probably going to be looking at a huge valuation increase shortly (and the corresponding increase in property taxes.) I have no experience dealing or negotiating with government entities. All I know is I hate them.
So what I guess I need to do is find and hire an experienced attorney, one who does that kind of negotiating. I see multiple problems in my future. First and foremost is the amount they're willing to pay me. Followed closely by when they'll pay it. My wife can't understand that last. But if they won't close the deal for 5 years, I'm sitting in limbo that entire period. Can't sell to anyone else, don't have the money in hand to buy another place (I could get a loan, but I plan on being unemployed, permanently.) If I agree to a value, then the inflation monster goes wild, I won't get the same purchasing power.
Anyone know how these deals work out? Is there any vehicle or method to use to come out at least even, if not ahead?