Ebay listing: think you could have a disenchanted buyer?

[Dean]

Originally posted by rocketriter
You might want to be careful about contacting the bidders. That could get you sued.

Has anyone sent a note to MS or spoken to your guide about this? We don't know how often Disney scans e-Bay looking for trouble. They should get the heads up.

I agree about not contacting the bidders, I'm told it's against ebay's policy.

 

[eileenfk]

I think that Disney monitors some specific stuff, but not everything Disney.
I have seen people sell home-made iron-on Disney t-shirt transfers, and complete the sale. One seller has done this multiple times.
However, someone lists a "Song of the South" DVD, the auction is usually canceled within a day or two.

I have been wondering what would happen if I tried to sell some of the doll clothes I make, where I add Disney Characters either by sewing on a cut-out from a piece of ribbon, or do an iron-on.

I think that the seller, is ignorant, and has no clue as to what is involved in selling real estate. This makes for an excellent opportunity for a buyer who does have the needed knowledge to know how to conduct this sort of sale.

Considering the amount of money they are going to be sending someone, I imagine that the buyer has put some sort of protection into place (such as having asked the seller to use some sort of escrow).
It may be, that the bidders know exactly what is going on, and still see this as a good deal, even if they end up paying their own real-estate expert to finish the deal.

If I was looking to buy into DVC, and could insure the transaction was safe (in that my money would be returned if the transaction did not go through), I would be bidding on this contract.
If my biggest risk was ROFR, I would still bid.

Doesn't escrow return any money, to the buyer, if a sale is not completed, and it is not their fault?

- Eileen

 

[dannyh23]

Originally posted by eileenfk

Considering the amount of money they are going to be sending someone, I imagine that the buyer has put some sort of protection into place (such as having asked the seller to use some sort of escrow).

If I was looking to buy into DVC, and could insure the transaction was safe (in that my money would be returned if the transaction did not go through), I would be bidding on this contract.
If my biggest risk was ROFR, I would still bid.

Doesn't escrow return any money, to the buyer, if a sale is not completed, and it is not their fault?

- Eileen

The problem is the seller didn't mention anything about escrow -- only "send me a check, then I'll send you the deed" They have now added the reply to the question that was asked dealing with the ROFR, but still haven't addressed issues like closing costs, the closing process, etc.

I've seen people lose $150 on a Playstation that never arrived... I can't imagine losing $25,000 or so that this could get to...

 

[ohiominnie]

Well...instead of focusing on the seller I e-mailed the highest bidder at the moment and gave him a heads up.

YIKES!! Be careful! That can definitely get you in some major trouble with ebay.

 

[poohj80]

Obviously all the emails helped educate the seller as he has now added the following statement to his auction description:

To all bidders Disney does have the right of first refusals so at the end of the auction a contract will be signed and presented to Disney for final approval no matter what the final auction price is. The buyer will be responcible for any closing costs for the sale. The final sale can take from 4-6 weeks once it is presented to Disney for approval. A 10% down payment will be required upon the closing of the auction. Once the sale is confirmed by Disney the balance will be do at settlement. If Disney declines the sale because, the price is to low all monies will be refunded in full to the buyer. If this notice causes problems to current bids or potential bidders please contact me. Please be prepared to bid appropriately for the timeshare. After the auction is finalized Disney has the first right of refusal on the timeshare.