I was just working with them on an eBay auction and ended up not moving forward. Attached below is the contract that they sent me along with a separate invoice. What bothered me about the way this was set up was the following:
1) They wanted payment to them and told me it would go into an escrow account. My thinking is if it was going to go into escrow, why wouldn't I just make the check out to the escrow company? They wouldn't take a credit card for the deposit, or paypal and just wanted the check or money order.
2) The contract didn't contain any information about the amount of money, the auction on eBay or specifics around the property other than the resort company and points. So, based on the language, there was no way to connect how much I sent them a check for, what the estimated maintenance fees were and what the related purchase auction was. It seemed to me (I may be thinking about this incorrectly) that it was almost a triangle of information, a contract without specific information related to a payment to the broker instead of the escrow company without any specific reference to details of the auction.
3) Compared to other agreements I signed, it was missing all the information that those contained
4) The termination rights were exclusively around buyer default vs anything that the seller did.
Would love to get any thoughts on if I'm not thinking about this right, but my sense was that it should be a lot more clear cut in terms of what's being purchased and how the transfer would proceed vs. a "loose" linking of this information.
