Join Date: Feb 2010
Location: Narragansett Bay
Thanked 544 Times in 521 Posts
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Re: What did I do wrong?
Obviously, we haven't read your contract that could detail different process. However, by process of law, the moment you sent the counter offer, you voided your initial agreement. It doesn't matter whether the seller accepts or rejects it, the deal is off. While the seller/broker was inconsiderate, they had the right to re-list the boat, since you officially rejected it. Again, there is usually a clearer way this is communicated, then how it happened to you.
Until your new offer is accepted, you have no agreement and your deposit should be on it's way back. On the other hand, it would be common for the broker to be holding the good faith deposit, so they may be trying to patch a deal together and holding onto it for convenience. If you're okay with that, so be it. For what it's worth, when I've rejected a deal, I've received my original uncashed check back. That always made me feel pretty good about the broker.
I suspect you are about to buy a boat, as you sound like you're being very reasonable. Good luck.
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