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View Full Version : Why can't I sell a subsidized Vero contract?

tvwalsh
03-29-2009, 07:56 AM
I would like to hear an explanation of why, If I sell a subsidized Vero Beach contract, the new owner no longer gets the subsidy.

It seems to me that I own a subsidized contract and I should be able to sell a subsidized contract!

This is the only reason I am not selling my last Vero contract. It was the only one with thw lower dues, so I am keeping it.
nappingbeauty
03-29-2009, 08:10 AM
what is a subsidized contract?
CarolAnnC
03-29-2009, 08:23 AM
If you are selling the contract off, why does it matter what the new owners will pay for MF's? Especially if DVC exercises ROFR, lol. :)
CarolAnnC
03-29-2009, 08:24 AM
what is a subsidized contract?

Some of the early Vero contracts have a much lower MF rate that was "grandfathered" into them.
tvwalsh
03-29-2009, 08:28 AM
If I keep the contract, the dues are low and it is a good contract to keep.

If I sell it, I do not get as good of a price as I would if I could pass along the subsidy. :thumbsup2
dcfromva
03-29-2009, 08:33 AM
If you are selling the contract off, why does it matter what the new owners will pay for MF's? Especially if DVC exercises ROFR, lol. :)

If it conveyed I would think it would make the contract more attractive to buyers over non-subsidized contracts...:confused3 (of course, as you say if it ROFR'd it wouldn't make any difference)
dcfromva
03-29-2009, 08:36 AM
I would like to hear an explanation of why, If I sell a subsidized Vero Beach contract, the new owner no longer gets the subsidy.

I guess it depends on what your contract says.... Does your your original paperwork say it doesn't convey?
BWV Dreamin
03-29-2009, 08:39 AM
You can sell the subsidized contract and that subsidy WILL convey to the new buyer.TSS has confirmed this with me.
chalee94
03-29-2009, 03:12 PM
I would like to hear an explanation of why, If I sell a subsidized Vero Beach contract, the new owner no longer gets the subsidy.

from what little i understand, VB was originally planned to be a larger resort with more owners. DVC changed plans and the original purchasers were subsidized to prevent them from paying higher MFs than they would have paid under the original plan.

other than "it would benefit you", i can't think of any reason why current purchasers should be subsidized. the original reason for the subsidy has no bearing on current purchasers. they know exactly what they are getting into.

(but if it works out for you, great. i don't have a dog in this fight. i just don't see any logic to what you are saying.)
tvwalsh
03-29-2009, 04:03 PM
I also checked with TTS and was told that, indeed, the subsidy WILL pass to the next buyer. I was also told that they are willing to list my contract at Vero as a subsidized contract and will list the subsidized dues as a selling point. :thumbsup2
delmar411
03-29-2009, 05:13 PM
I also checked with TTS and was told that, indeed, the subsidy WILL pass to the next buyer. I was also told that they are willing to list my contract at Vero as a subsidized contract and will list the subsidized dues as a selling point. :thumbsup2

Have you confirmed this with DVC? I was under the impression (read someplace?) that the subsidies do not get passed along to the next buyer.
tvwalsh
03-29-2009, 06:16 PM
Have you confirmed this with DVC? I was under the impression (read someplace?) that the subsidies do not get passed along to the next buyer.

Yes, I have and they do! :thumbsup2
DisDaydreamer
03-29-2009, 07:21 PM
You can sell the subsidized contract and that subsidy WILL convey to the new buyer.TSS has confirmed this with me.

Where there is HOPE :goodvibes There is a way.

Thanks, Hope.
BWV Dreamin
03-30-2009, 07:12 AM
Where there is HOPE :goodvibes There is a way.

Thanks, Hope.
:wave2: Someone will be very lucky to get that contract...as Nancy Reagen said " Just Say No"!!!
gkrykewy
03-30-2009, 11:33 AM
:wave2: Someone will be very lucky to get that contract...as Nancy Reagen said " Just Say No"!!!

Wait what? "No" don't sell the contract? Also, she probably also says "please spell my name correctly; it isn't very complicated" :upsidedow

Is this an underground protest on the political/religious speech ban? I sure HOPE not, but yes I can believe that it might be.

...
BWV Dreamin
03-30-2009, 11:40 AM
Wait what? "No" don't sell the contract? Also, she probably also says "please spell my name correctly; it isn't very complicated" :upsidedow

Is this an underground protest on the political/religious speech ban? I sure HOPE not, but yes I can believe that it might be.

...
Ha! LOL!!!:rotfl:Ok, let me look that up!! Ok, REAGAN....LOL!!!! Well, I am saying "Just say no" to MYSELF for entertaining buying that contract! (You are so intuitive!)
gkrykewy
03-30-2009, 11:53 AM
Ha! LOL!!!:rotfl:Ok, let me look that up!! Ok, REAGAN....LOL!!!! Well, I am saying "Just say no" to MYSELF for entertaining buying that contract! (You are so intuitive!)

It all makes sense now! Let me just say - YES YOU CAN (buy that contract) ;)