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-   -   Can I back out of a deal? (http://forums.pelicanparts.com/off-topic-discussions/270311-can-i-back-out-deal.html)

ernestedward 03-07-2006 07:43 PM

Aren't verbal agreements only binding up to $400 dollars? I'm pretty sure I read that somewhere.

arcsine 03-07-2006 07:47 PM

Fate smiles on fools, little children, and P-heads named Leland.

Hope the fleabay deal works out well.

craigster59 03-07-2006 07:58 PM

Quote:

Originally posted by Leland Pate
Well here is a strange twist in events. I call the guy to tell him I typed up the bill of sale only to find out he and his wife decided to buy an '03 Four Winds for $17,600.

WHEW! Thank god I didn't end the auction. The boat is currently up to $18,850 with 19 hrs to go. That is about $2,500 higher than I expected. I listed it last summer and it only got up to $16,500 and didn't meet the reserve.

It's my lucky day.

That settles it. I'm posting on Pelican and buying Myself a Lottery Ticket!;)

Joeaksa 03-08-2006 06:18 AM

Just checked this morning and its still at $18,850 with 8 hours to run. Bet it will go well over $19k...

Joe A

Superman 03-08-2006 08:18 AM

I only read the opening post (I'm busy), but I think you know the answer, Leland. The only real variable is whether there is confusion about your remarks to the local guy. If you feel you made a commitment to sell to him, I know you will sell to him. I have a strong impression that your integrity is worth a bit more than $500 to you.

Then again, if there is confusion.......

Talk to the local guy. Get his impression of whether there is a commitment.

singpilot 03-08-2006 08:23 AM

You know, several threads here have this problem.

No one ACTUALLY READS THEM.

Sup..... The local guy actually DID have a problem with committment. Just not what you thought.

techweenie 03-08-2006 08:35 AM

To the original quesiton:

You could have backed out of the deal if your word was worth less than $500 to you.

cashflyer 03-08-2006 08:56 AM

Another thought on the original question...
The ebayer was offering $500 more, but how much are you going to lose in sellers fees to ebay?

Leland Pate 03-08-2006 03:00 PM

This whole thing has been more trouble than it was worth.
The winning bidder is not giving me a warm and fuzzy. They didn't ask for more info or pictures until after they placed their highest bid.
That was kind of weird.
I also didn't make the situation very clear in the intial post. The issue wasn't so much about the $500 as much as it was about my wife absolutely flipping her lid that I was going to hold to an agreement even though a higher offer had been made. Oddly enough the people at work also felt the same.
In the end it didn't seem to matter at all, but I appreciate the insight and comments.

:)

I lucked out in a way, but I am still out about $900. :( Oh well... the moral of this story???? Do NOT buy a boat in Montana.

Don Ro 03-08-2006 08:51 PM

Quote:

Originally posted by Leland Pate
...but I am still out about $900.
Hope it all works out for you, Leland
.
Your words above remind me of a time when I was ranting and ragging on the phone to my buddy who buys/sells foreclosures in Sacramento. My beef was about paying $210 to a guy for painting (using a special, thick industrial paint) a borderline antique, somewhat valuable, piece of machinery that I was fond of.
The agreement was that he'd also use a particular special primer - I later noticed that he used no primer at all. :mad:
.
So there I was, going on/on about this for quite a while, intermixing Q's about what my buddy thought he would do about this and about the shyster painter guy.
Buddy listened quietly. I finally stopped...dead silence. Then he said...
"Don, two days ago I threw $5,000 at a problem to make it go away...because it was just slowing me down."
Is this primer deal a real biggie for you?"
.
Point being...you hopefully have the boat out of your life.
.
Best,
.
ps I was born/raised in that country.
Good air, good people, good hunting/fishing.

RickM 03-10-2006 08:47 AM

Bottom line for me is if I'm getting offers outside of an ebay auction I say, "if the price is right the first person to pay in full gets the item".

Eveybody is gung ho until it comes time to commit.

singpilot 03-10-2006 08:55 AM

Quote:

Originally posted by Don Ro
Hope it all works out for you, Leland
.
I finally stopped...dead silence. Then he said...
"Don, two days ago I threw $5,000 at a problem to make it go away...because it was just slowing me down."
Is this primer deal a real biggie for you?"
.
Point being.....

Some things, in the BIG picture, are too small to waste brain cells on.

Great story, Don.


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