Have you had a seller back out?

[Sandisw]

The problem is, they haven't signed the contract with us yet. If they haven't signed the offer, is it considered "accepted," or is there already something in their contract with the resale company that if given a full price offer it is accepted? The company pulled it from their listings right away as sale pending, which I appreciate. I know other companies leave them up as "sale pending" for weeks.

When I sold, the contract was clear that if I was brought a full offer it was sold and I owed the commission. While I don’t know if this is the case for this broker, it most likely is.

 

[js]

OP, any update? Once you hear, please come back and let us know. Wishing you a great outcome!

 

[Ashlotte]

OP, any update? Once you hear, please come back and let us know. Wishing you a great outcome!

Nothing yet. I may break down and contact the resale company again.

 

[hhisc16]

I think it was about $4300? all in without digging up the paperwork. We were a bit shocked to say the least. They were slow with the deposit as well, so they could have pulled the plug. We were on the fence about selling anyway as our retirement plans changed from January trips to October trips and the 30 HHI points just won't go as far. We really just need one or two nights on the way down so we'll make it work!

This was for a 30 point contract at HHI?

 

[MICKIMINI]

This was for a 30 point contract at HHI?

Yes it was. We're happy to just keep it.

 

[hhisc16]

Wow... I didn't realize there were any rooms anywhere in DVC for 6 points. That is amazing! Yes, good thing banking is an option. Enjoy your retirement trip!

HHI has the lowest point rooms in the DVC portfolio.
A studio M-TR in January is only 6 points!

 

[hhisc16]

Yes it was. We're happy to just keep it.

Good idea.
We have a few HHI contracts, with our smallest a 25 pointer!

 

[Ashlotte]

HHI has the lowest point rooms in the DVC portfolio.
A studio M-TR in January is only 6 points!

That's incredible! I wish I didn't live on the exact opposite of the country!

 

[MICKIMINI]

That's incredible! I wish I didn't live on the exact opposite of the country!

January is the cheapest time at HHI and being from NH, we would not be bothered by 40-50 temps...it's in the low 60's today (heat wave) and my neighbor is wearing shorts and washing his cars!

 

[Ashlotte]

Still nothing. I emailed the resale company yesterday and they never wrote back.

 

[Ashlotte]

FINALLY!! They returned the paperwork today, and it was just sent to ROFR. The resale company had to call and remind them about it. They said it "slipped their minds." Funny, since it was pretty much all that was on MY mind! Lol. They were really just under the wire... one more day and the offer would have expired, per the paperwork.

Now the wait starts over with ROFR.

 

[RoseGold]

There are some sellers that can take longer. Like bankruptcy, or medical issues, or estate, or a nasty divorce. A few days isn't much in this overall discussion.

 

[wnielsen1]

Buyers are motivated. Sellers may or may not be.

 

[js]

FINALLY!! They returned the paperwork today, and it was just sent to ROFR. The resale company had to call and remind them about it. They said it "slipped their minds." Funny, since it was pretty much all that was on MY mind! Lol. They were really just under the wire... one more day and the offer would have expired, per the paperwork.

Now the wait starts over with ROFR.

Good luck! At least you have movement and now on to the next phase!
Keep us posted!