Need immediate advice

[sndral]

You can do a delayed closing, but you're not getting paid until it closes, and any halfway intelligent buyer isn't going to send their money until the contract is ready to close. I recall a number of contracts listed this past June with late December closings, so over 6 months from the date of listing. Of course, a delayed closing is going to further limit your potential buyer pool, as many buyers won't be interested in waiting that long to get their points. If OP cannot cancel their reservation, I think waiting to list the contract would be a better course of action, particularly since it is a large contract and the potential buyer pool will already be more limited.

Agreed, OP won’t see a penny until March unless she cancels the reservation. Since she said she had enough ‘runway’ to make it to Jan., it doesn’t sound like selling her large DVC contract is a viable option to meet the need for an ‘immediate’ solution to the extreme life changing issue. Hopefully there are other resources to pull from or circumstances change & the situation resolves.

 

[DoubleBaconBLT]

I don’t think a broker or personal sale would accept those terms even at low price.

Seller does not get the money before it closes. Usually the buyer will put a deposit down that gets held in escrow. If there’s a delayed closing due to a trip, that trip must happen before it can be sent to RoFR. Typically buyer does not send the balance until RofR passes.

The risk of giving the money to the seller before rofr or closing is it does not yet legally belong to the new owner. What if for some reason the seller did not complete all the final paperwork and wouldn’t/couldn't give the money back? That would be a lengthy legal mess with risk of more time/expense for what could still be a horrible outcome.

Ah that makes sense. I was basing this off some listings I had seen that said closing couldn't be until December due to planned trips. I assumed that just meant the final step, but now you mention it, it definitely makes sense that ROFR couldn't be cleared yet either.