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Old 02-23-2020, 08:16 PM   #201
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The reason: They do not want to sell Farm Island to the Camp. Yes they did back in 2010 but not again.
Thanks - that would be an explanation. Would have thought they would have taken the highest and fastest deal, but they must have other considerations.
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Old 02-23-2020, 09:08 PM   #202
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Ahh. So Camp Belknap needs a godfathjer to buy and resell to them. Why is this all taking so long? They must have some alumni (group) capable of such a transaction. Maybe this is going on and we just don't see it?
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Old 02-24-2020, 07:01 AM   #203
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Ahh. So Camp Belknap needs a godfathjer to buy and resell to them. Why is this all taking so long? They must have some alumni (group) capable of such a transaction. Maybe this is going on and we just don't see it?
I am actually surprised it will go to court in March. Court cases can take years.
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Old 02-24-2020, 09:59 AM   #204
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Can you spell continuance?
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Old 02-24-2020, 10:04 AM   #205
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Ahh. So Camp Belknap needs a godfathjer to buy and resell to them. Why is this all taking so long? They must have some alumni (group) capable of such a transaction. Maybe this is going on and we just don't see it?
There must be some ugly history in the background between the owners and Camp Belknap? I can't imagine the sellers wanting the property to go to someone that would want to potentially develop it vs a children's camp, but clearly that's the case.
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Old 02-24-2020, 10:10 AM   #206
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Wow, I was under the impression that if someone offered full price, cash, with no contingencies, there was no way to refuse the offer.
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Old 02-24-2020, 10:38 AM   #207
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Wow, I was under the impression that if someone offered full price, cash, with no contingencies, there was no way to refuse the offer.
Sellers aren’t obligated to accept any offer on their property—no matter how much money it’s for

It's perfectly legal for the seller to reject a full-price offer, or indeed any offer (unless the reasons are discriminatory). For example, sellers in a hot market who are expecting to sell for over asking will likely counter a full-price offer—even one without contingencies.
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Old 02-24-2020, 01:30 PM   #208
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Sellers aren’t obligated to accept any offer on their property—no matter how much money it’s for

It's perfectly legal for the seller to reject a full-price offer, or indeed any offer (unless the reasons are discriminatory). For example, sellers in a hot market who are expecting to sell for over asking will likely counter a full-price offer—even one without contingencies.
That's true, but the seller may be obligated to pay his agent a commission fee based on the listing agreement. Presenting a buyer that is willing to pay the listed amount with no conditions may trigger a commission payment clause.
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Old 02-24-2020, 11:10 PM   #209
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That's true, but the seller may be obligated to pay his agent a commission fee based on the listing agreement. Presenting a buyer that is willing to pay the listed amount with no conditions may trigger a commission payment clause.
This is true in New Hampshire and I believe 48 other states. I think Massachusetts is the only state where a commission is due only when the transaction is 100% complete.
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Old 02-25-2020, 08:22 AM   #210
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There must be some ugly history in the background between the owners and Camp Belknap? I can't imagine the sellers wanting the property to go to someone that would want to potentially develop it vs a children's camp, but clearly that's the case.
Yes there was some ugly history. I got a text from Randy last night. He and Cindy came to an agreement with the Winchester's. They closed on the deal. Randy and Cindy are now owners of Farm Island.
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Old 02-25-2020, 08:33 AM   #211
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Yes there was some ugly history. I got a text from Randy last night. He and Cindy came to an agreement with the Winchester's. They closed on the deal. Randy and Cindy are now owners of Farm Island.
AH, so they settled out of court. So it is over. Is the plan the same?
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Old 02-25-2020, 09:00 AM   #212
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AH, so they settled out of court. So it is over. Is the plan the same?
I don't think they settled out of court. The appeal/suit is ongoing. It is still scheduled for sometime in March. The original plan is probably on hold until there is a settlement in court. Just my guess.
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Old 02-25-2020, 09:16 AM   #213
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I don't think they settled out of court. The appeal/suit is ongoing. It is still scheduled for sometime in March. The original plan is probably on hold until there is a settlement in court. Just my guess.
Oh ok. Thanks for the info. Why would they go ahead with the sale though with that suit going on?
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Old 02-26-2020, 02:54 PM   #214
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It looks like Farm Island did close at $1.2mil.
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