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as anyone ever had a seller back out?

scsu_hockey_fan

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I thought I had a deal snatched up. Contracts just needend to be singed. But got an email from the broker saying the seller decided to keep the unit. It was hyatt week high season. Broker is with fidelity real estate. Just was wondering if theres some kind of fishing for infi scam out there or was it probably legit?
 

DeniseM

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I'm assuming that all they have is your name, address, phone number, and email address? That info. can be obtained easily, and it's not worth a complicated scheme to get it.

Sometimes sellers get cold feet, or think they should get more money and back out at the last minute. It's really hard to tell what happened.

No harm - no foul.
 

ronparise

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I thought I had a deal snatched up. Contracts just needend to be singed. But got an email from the broker saying the seller decided to keep the unit. It was hyatt week high season. Broker is with fidelity real estate. Just was wondering if theres some kind of fishing for infi scam out there or was it probably legit?

There is no deal until settlement. Deals fall apart all the time.
Sometimes for good reasons sometime not


I would just drop it and move on. Could it have been a scam? Sure. If it was be glad it fell apart when it did
 

vacationhopeful

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I thought I had a deal snatched up. Contracts just needend to be singed. But got an email from the broker saying the seller decided to keep the unit. It was hyatt week high season. Broker is with fidelity real estate. Just was wondering if theres some kind of fishing for infi scam out there or was it probably legit?

Most likely NOT.

The seller was:
1) most likely happy he had a buyer AND then a family member said THEY wanted it for that price (without the commission).
2)Or the seller got COLD feet ... after he saw the COST to sell and what his net would be thousands less than he had paid.
3)Or seller thought such a QUICK offer, he must have asked too little.

Relax ... the broker will get another for you.
 

PamMo

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I had a seller back out of a Marriott Maui Ocean Club purchase before all the paperwork was signed. I agreed to their very reasonable asking price, sent in all my paperwork, and then the seller changed his mind. It happens.
 

DaveNV

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I've only had one deal fail to close, and that happened to be a purchase through a broker in California. All papers were signed on my end, and I was waiting for MONTHS for things to move forward. Finally, I got a lame email saying the deal was off because the seller owed back taxes on the unit. I offered to pay those taxes because I wanted the week, but the broker said No. Not even a possible discussion.

My gut tells me the broker found a better deal elsewhere, and dumped me in favor of his bank account. I could be wrong, but it never has felt like it ended the right way.

Live and learn. And move on. :)

Dave
 

heathpack

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I had a smokin deal on a DVC Villas at Grand Californian fall through. This was during the depths of the bad economy and I think it was something like 100 pts at $88/pt. the guy supposedly couldn't afford to keep it. When he backed out, the alleged story was that he couldn't close for six months (because of a reservation he had forgotten about). I offered to wait six months and the broker said no, so I had the impression the story wasn't actually true.

Whatever. Broker offered me the next DVC VGC contract they had for sale, 85 points at $92/pt. Close enough. I just bought that one and never looked back.

Who knows why deals collapse? But it's not rare.
 
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