From time to time, the College will acquire a property which it would like to sell. In these instances, a notice will be sent to the Mount Holyoke College Community with a description of the property, the selling price, and contact information for the realtor offering the property. The properties are sold in "as is" condition.
In the event there is more than one prospective buyer for a property, preference will be given to those individuals who qualify for the College mortgage program. For more information see:
If more than one individual is interested in the property, the buyer will be determined by a point system based on rank and seniority.
The College will require a signed Purchase and Sale Agreement from the winning bidder for each property, as well as a check in the amount of 5% of the purchase price. At the same time, the College will require a credit application to assess the buyer’s ability to finance the purchase of the property. As a condition of sale, the College retains the right to repurchase the property at fair market value if the owner decides to sell.