Just bought Royal Floridian on Ebay ... mistake?

[krmlaw Member Find all posts View Profile Close krmlaw]

Im still waiting to hear back from the seller, so Im "hoping" to rescind. Not completed yet, but I dont forsee a problem.

Thanks everyone!

[shmuggee Junior Member Find all posts View Profile Close shmuggee]

Just found out that they will be closed for 10 months next year, and a special assessment fee will be levied as well. Neither were disclosed during the bidding process, so I just rescinded my bid. Luckily Im an attorney and am not too worried about the seller fighting me on this.

NICE!

Sooooooooo...if I ever need some legal advice on the side.......

[shmuggee Junior Member Find all posts View Profile Close shmuggee]

That's probably gounds to not proceed with the purchase, but a seller wouldn't always have had this information. You're better off to check with the resort.

When I'm considering a new ebay purchase, I call the resort before I bid and speak with their business office. I ask what the maintenance fees will be (this number doesn't always match with seller's item), and whether there are special assessments or increases in maintenance fees expected or possible for the upcoming year. They don't always know yet - but if they acknowledge the possibility of one, even for the year after this coming year (such as when renovations are definitely planned that wouldn't be covered in the regular budget) I might pass it up until they know for certain.

OK, I was writing while you were posting - glad to hear you were able to rescind.

Very good advice - hadn't thought of that. Thanks.

[krmlaw Member Find all posts View Profile Close krmlaw]

All set, we just mutually rescinded.

[shmuggee Junior Member Find all posts View Profile Close shmuggee]

All set, we just mutually rescinded.

Good for you.