Buyer asks for cashback deal... scam?

[VegasBella]

Why would the OP question whether it was a scam if it was written into a legitimate real estate contract? That's pretty much the point of this entire thread.

LOL - don't we consider most timeshare sales from developers "scams"? They too are "legitimate real estate contracts."

 

[Saintsfanfl]

LOL - don't we consider most timeshare sales from developers "scams"? They too are "legitimate real estate contracts."

I don't consider them scams. I consider most of them sucker deals and bad buying decisions for many purchasers but not scams.

The point is that the OP is referring to a side kick-back deal that would not be on the purchase contract submitted to Marriott. It's obvious. The whole thing is uncessary and the motivation is questionable enough to say no and find another buyer.

 

[geist1223]

How can you scam a Developer. We all complain about Developers, their pricing, and their sell tactics. The common advise is buy resell. If you can put one over on a Developer good job.

 

[Saintsfanfl]

How can you scam a Developer. We all complain about Developers, their pricing, and their sell tactics. The common advise is buy resell. If you can put one over on a Developer good job.

So it is ok to commit fraud against a developer, or anyone? Apparently it is easy to separate the ethical posters from the unethical.

Word for the wise. If you are interested in committing fraud against anyone, do not post it in a public forum.

 

[LannyPC]

The poster stated in the OP that the reason the seller wanted the $500 cash back was to side-step Marriott's ROFR.

This is all pretty much a moot point now because the OP said that (s)he wasn't going ahead with this deal. While it appears that the potential buyer is trying to sidestep Marriott's ROFR, that was not the OP's question.

The OP was asking if the potential buyer was trying to scam the owner out of $500. Every week, it seems, scammers are coming up with new and creative ways to scam TS owners and this could possibly be a new tactic.

So the big question is, is the potential buyer really wanting to buy this TS while trying to sidestep the ROFR, or is he just trying to scam the owner out of $500 with no interest in what happens to the TS in question?

 

[Saintsfanfl]

This is all pretty much a moot point now because the OP said that (s)he wasn't going ahead with this deal. While it appears that the potential buyer is trying to sidestep Marriott's ROFR, that was not the OP's question.

The OP was asking if the potential buyer was trying to scam the owner out of $500. Every week, it seems, scammers are coming up with new and creative ways to scam TS owners and this could possibly be a new tactic.

So the big question is, is the potential buyer really wanting to buy this TS while trying to sidestep the ROFR, or is he just trying to scam the owner out of $500 with no interest in what happens to the TS in question?

I don't see anything in the original post hinting at a fear of being scammed $500 but maybe my assumption is off. The question was asking whether anyone had heard about a deal of that nature.

That said, how could the buyer scam the seller out of $500 when the deal is calling for the buyer to pay an extra $500 which would then be returned later? If the seller accepts the offer then they would be doing so knowing they are receiving $500 less than the asking price from escrow. I don't see any angle.

 

[LannyPC]

That said, how could the buyer scam the seller out of $500 when the deal is calling for the buyer to pay an extra $500 which would then be returned later?

In the Op's first sentence of the first post he said,"A potential buyer for our Marriott Newport Coast Villas has asked for a $500 cashback." And the title of the thread is "Buyer Asks for Cash Back Deal...Scam?" So it appears that the OP is wondering if this is some sort of a scam. As we TUGgers have seen on these boards for years now, scammers are coming up with more and more creative ways of scamming owners.

So while it's possible that the so-called buyer is trying to sidestep the ROFR, it's also possible that he is somehow, in a new and creative way, trying to scam an owner with a new method. So most on this thread are trying to determine what the so-called buyer's motive is for this shady-looking deal.

Regardless, I think the OP is being wise by not going ahead with this deal. There seems a lot fishy about it.

 

[PigsDad]

So the big question is, is the potential buyer really wanting to buy this TS while trying to sidestep the ROFR, or is he just trying to scam the owner out of $500 with no interest in what happens to the TS in question?

I would call both of those scenarios a scam...

Kurt

 

[Saintsfanfl]

I would call both of those scenarios a scam...

Kurt

Exactly, but I still don't see getting cheated out of $500 possible. If you don't trust the closing company or escrow agent then you might get cheated out of the entire amount, not $500. The $500 was above and beyond the proposed offer.

Know the closing company and escrow agent. Deed doesn't go to recording until full amount sent to escrow. The OP's proposed scenario did not have any money changing hands directly between buyer and seller.