Our Villa is for sale....Should I be worried?

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hoosierdaddy
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Joined: Tue Jan 20, 2009 11:53 am
Location: Indiana

Our Villa is for sale....Should I be worried?

Post by hoosierdaddy »

10 months from now we will be on island. I know thats a long time from now but I just found out on a web site that the villa we are staying at is for sale. The rental is handled by Catered To. Does anyone think this could create a problem for us?
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liamsaunt
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Post by liamsaunt »

No, I do not think it will be an issue. I have stayed in many villas that have been for sale. I have never been asked to vacate for a showing. Also, if the home is in fact sold, the new owners are obligated to honor the existing rental contracts. Catered To is a great company, you will be fine.
It's like looking in your soup and finding a whole different alphabet.
PA Girl
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Post by PA Girl »

A house we rented in 2007 for a stay in 2008 is still for sale! So I wouldn't worry too much.

You could ask Catered To for a written policy on what would happen if the house was sold. I think in most cases, the rentals are honored.

In our case, the rental agency (Not Catered To) was only obligated to place us in a comparable property or return our money.
Iluvstjohn
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Location: Boston, MA

Post by Iluvstjohn »

naaaaaa......have a great time!
sailorgirl
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Post by sailorgirl »

I would check the language of the rental agreement, and call the company to confirm. I'm not 100% sure the new owner has to honor the rental agreement. Being moved to another Villa might not be a deal breaker, depending on how invested you were in staying in the original one, but getting refund and running the risk of not finding something else would be problematic.
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hoosierdaddy
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Post by hoosierdaddy »

I guess if I am realy invested in the place we are staying I could borrow the 1.3 million and just buy it. :shock:
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jofus
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Location: putnam co. NY

Post by jofus »

Tell CateredTo you'd like to be notified if anyone is coming to see the villa. I was staying at a villa that was for sale and a real estate agent came by with clients to show the place and they all walked in on me and my husband getting a massage. :shock:
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Pia
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Location: St John

Post by Pia »

As a Real Estate agent we require 24 hours notice to be able to show a home to a customer (very few times if someone walks into our office are we able to get into a home right then and there - maybe 1% of the time) so I am sorry Jofus that happened to you - it should not have.

If there is a showing during your stay - trust me you do not have to "stage it" - just leave it exactly the way you are living on vacation - I would say all but one villa I have shown that has vacation guests staying, have unmade beds, dishes in sink, clothes thrown on the floor, wet towels thrown in the bathroom (actually I have often though "oh the poor cleaning crew at the end of this stay") and you can always say no but that is not something I like to hear :)

Pia
Realtor - St John Properties
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