SELLING

2 February 2018

Hi Guys

In one letter from Accelis Gestion, they mention putting owners in touch with potential buyers. Has anyone gone through the proccess of selling this way? Is it possible to get them to increase their offer from that outlined in the letter?

John

 

Submitted by Marcush on

Hi John,

I would guess its like as someone outlined before, that they are trying to reduce our monthly rentals and with that offset , then try to devalue the property. Their potential buyers

are not the people , you'd like to be selling to . I assume you got their post on trying to reduce income as well.  But would be interested in selling but not for what they are offering

Marcus

 

 

 

Submitted by WCS on

They are trying to buy properties at knock down prices. SCAM. I suggest group legal action.

Submitted by colette on

Hi Guys, we are sitting tight I have sent a few e-mails regarding late rent and todate they have responded with payment although still waiting for last quarters rent , but have not accepted the request for reducing rents . We have also been offered a buy back by their new investors at a 60% reduction on what we paid , so am ignoring the constant letters I am recieving, I have asked for copies of annual board meeting and end of year financial statements as proof of financial difficulties , as you can guess I have recieved no response. We would be willing to sell but feel at present we have no option but to wait it out . I have checked on line and the rental rates for the property are still relatively high so dont think they can be hurting too much. I made the mistake a couple of years ago contacting an estate agent regarding selling and approached Acclies to make information available that was when suddenly our rental started to be late for payment and they made us the offer to buy at a silly price then started threating to reduce rent, this all of course but our plans for selling with other agent in a damaging position and we had to withdraw form the market . I believe this is all a bullying ploy  so we in tend to sit it out and call their bluff

Submitted by tande on

Hi Collette

What address and email address are you using since the information given at the bottom of their letters does not seem to correct?

Tommy

Hi, I was also offered a price to sell my apartment, and I accepted it, as I was losing interest in this investment. The price offered was WELL below what I paid, but I signed and returned all the paperwork. To date, I have not received any further communication, and needless to say, I have received no money. It is now about a month late. I now want to change my mind and am considering putting the matter in the hands of a French lawyer, has anyone any comments on my chances of success...? Can anyone recommend a good French lawyar?

Submitted by Graham on

Hi Peter. Do not sell you will loose so much of your investment.  The maths favour waiting and using a lawyer to protect your investment. Even sending a CPD every quarter is better than excepting a rate reduction! I am using this solicitor to help my quest and trying somewhat uncecssfully to coordinate owner response to this cooperate manipulation. bruno.traesch@lesavocats.info  think about how many lawyers you could hire for what you loose.

Hello Everyone

I have not replied to any correspondants received,only got half 4th T rent late,without agreement!!!

Where do we stand in that scenario,does anyone know?

Very difficult, if you have very little french!

Regards

Sean

 

Submitted by Pedrok on

Rent recieved was cut in half last month for the first time. have sent email looking for an answer

Peter

 

I see Seamus Mconville is suggesting we group together as Paxton owners and challenge the Rent reduction,  but it needs numbers?!?!

Sean

Hi Everyone

I've not been at home for the last 5 mths but see I've also received reduced rent despite refusing to accept a reduction.

I need to go back over my bank statements to see what I have / haven't been paid and plan to send a CDP once I get my act together.

Regarding selling, see link to a site selling units in Paxton:

https://www.leboncoin.fr/ventes_immobilieres/offres/ile_de_france/?f=a&t...

They are looking for approx €25 - €35 psq metre, well above what Accelis Gestion are offering.  I'd definitely hold out.

Regards

Conor

Submitted by WCS on

Get the numbers and have group action. Anyone interested contact on this forum.

 

Hello Everyone

We should try and find out what is happening with our investement for sure.!!!???

The more people involved the better!!!

Sean Dorrity

Hi Folks,

This trail has gone quiet - I haven't yet signed the new Lease and I am discussing the options with a Lawyer in the Paris area.

The lawyers name is David Sabatier (the firm is called 1862) - www.1862-legal.com 

Is anyone interested in sharing the cost of the review with me ? One suggestion by the Lawyer is a group engagement with Accelis Gestion. 

Let me know if anyone is interested - send me your contact details.

Best regards Kathrina Dowling

 

Submitted by Graham on

Hi I think it would be good to have unity of legal representation. I have not signed and  have also been seeking legal advice. Have you any costs for your advice court proceedings CDP etc.

 

Graham

 

 

 

 

 

 

 

 

 

 

Hi everyone, I would like to sell my Paxton property if anyone can offer any leads? I’ve been in touch with Sextant although I have a

mortgage and stand to lose hugely. They have 12% commission charges.

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