Ebay listing: think you could have a disenchanted buyer?

[Doctor P]

Take a look at the questions asked and answered at the bottom of this listing. Think a buyer might be disappointed to find out that ROFR exists?

Look under " Disney Vacation Club - Old Key West - 300 Pts. "

[SueOKW]

he downright lied... wow.

[DVCcollector]

At that current price it works out to be 56.66 a point there is no way Disney will let that go through IMHO.

[Doctor P]

I agree, and that's why those representations (though one of them was a qualified representation) could be a big problem.

[ErinC]

I just don't think that I would ever make that big a purchase off an individual on ebay. (unless it was from real estate agency) I think that there is just way too much to be lost, versus the money saved by going resale from a reputable agent.

[Doctor P]

You got that right. People often have problems going through reputable resale agents, so that is one purchase I would be unlikely to make off Ebay!

[Caskbill]

Interesting that even though 2 people questioned the ROFR in a way, the seller still wasn't aware of it.

I sent the seller an e-mail 'question'. Will be interesting to see what happens next.

At current bid of $56.66/point I'm sure Disney would exercise ROFR for that contract if that becomes the final bid.

[Dean]

I'm not sure I'd be that harsh. Sounds like they aren't sure about ROFR. They also didn't word the answer about dues well. And technically DVC can't block the sale, only step in and take it. But it does set things up for a possible problem.

[Doctor P]

Frankly, I don't think the seller was trying to deliberately mislead in this case, either. Just less than fully informed, which is an extra scary proposition for someone trying to sell on Ebay. Face it, the odds are pretty good that a buyer of an item of this magnitude on Ebay will PROBABLY be fairly informed about exactly what they are buying and that is why some of the questions got asked.

[RuthnPaul]

We purchased a VWL contract through a 30-day eBay auction that we won. In our case, the auction was offered through a Remax agent. This auction still has 21 days to go which means there can still be a whole lot of bidding going on, particularly towards the very end. The price per point could still go up considerably. It's unfortunate, though, if he's not answering questions about ROFR & maintenance fees well.

[calypso*a*go-go]

I don't know who to feel more sorry for: a seller that doesn't know what he's talking about or buyers that haven't done any research on such a large purchase!

[dannyh23]

I wrote the seller a question as well (below).

This has all the look of something shady. Send a check, then I'll "deed" it to you after it clears. Seller LIES in answer to question. Seller has Zero feedback. No escrow. No mention of agents. We could have a situation where seller takes money, skips town, then Disney ROFR's it, and buyer spent thousands for nothing.

Knowing someone who's been scammed on ebay before, the buyers need to be made aware of what they are getting into, by association, it casts DVC in a very negative light. BUYER BEWARE!!!!

While I would usually side for the seller, in this case the seller is downright LYING to potential buyers. How would you feel if your grandparents were bidding on this as a gift for you? This auction should be deleted -- NOW.

I sent a message to ebay as well as there is concern for fraud for the buyer -- the seller lied in a answer. Maybe others like us should as well.
------

Dear dnot7778hjk,

Disney does has Right of First Refusal. Read your Contract. You can't just sell to the highest bidder without Disney having a chance to buy it at that same price, and that process will take time -- you can't just "deed" it to someone else. You should delete this auction and sell this the proper way or modify the listing so someone doesn't get disappointed after sending you money. You should also both work through a licensed timeshare broker instead of "send me a check" as that probably won't work. No feedback -- Buyer beware.

[lesroi]

Yes, buyer beware!

He evidently copied some of his ad from this one:

DISNEY VACATION CLUB- OLD KEY WEST RESORT- 225 POINTS

The wording is almost identical!

Tracy

[karebear1]

The is OT but,

lesroi- just had to say I lOVE the medal you're showing off in that pic! I'm getting me one of those Donald ones in January!!

[Sammie]

No need to worry about the possible buyer getting scammed. Disney has a department that reviews everything on Ebay that involves them.

They will be on top of this. :)

[dannyh23]

Originally posted by lesroi
Yes, buyer beware!
He evidently copied some of his ad from this one:
DISNEY VACATION CLUB- OLD KEY WEST RESORT- 225 POINTS
The wording is almost identical!
Tracy

Good Catch! The seller sarcastically replied back to my question asking me to tell them what they should do "because I know it all"... :rolleyes:

I advised them to sell it through a broker like the Timeshare Store or any of the hundreds of other ones instead of trying to do this "on their own" -- they flat out lied to questions, and they didn't mention anywhere how they were going to do the closing and who was going to pay for the approx. $500 of closing costs....

They make it sound like they just mail the deed to the new owner and all is done...

Hopefully they will do the right thing and end this auction. It can be sold the proper way, where it will find a buyer who won't end up disappointed.

[dianeschlicht]

Originally posted by Sammie
No need to worry about the possible buyer getting scammed. Disney has a department that reviews everything on Ebay that involves them.

They will be on top of this. :)
I was hoping that would happen too. I too asked a ROFR question, and his answer was kind of a "cross that bridge when we come to it" attitude.

[POOH&PIGLET]

Originally posted by Sammie
No need to worry about the possible buyer getting scammed. Disney has a department that reviews everything on Ebay that involves them.

They will be on top of this. :)

Very interesting. :scratchin

[Par8hed]

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[rocketriter]

You might want to be careful about contacting the bidders. That could get you sued.

Has anyone sent a note to MS or spoken to your guide about this? We don't know how often Disney scans e-Bay looking for trouble. They should get the heads up.

[Dean]

Originally posted by rocketriter
You might want to be careful about contacting the bidders. That could get you sued.

Has anyone sent a note to MS or spoken to your guide about this? We don't know how often Disney scans e-Bay looking for trouble. They should get the heads up. I agree about not contacting the bidders, I'm told it's against ebay's policy.

[eileenfk]

I think that Disney monitors some specific stuff, but not everything Disney.
I have seen people sell home-made iron-on Disney t-shirt transfers, and complete the sale. One seller has done this multiple times.
However, someone lists a "Song of the South" DVD, the auction is usually canceled within a day or two.

I have been wondering what would happen if I tried to sell some of the doll clothes I make, where I add Disney Characters either by sewing on a cut-out from a piece of ribbon, or do an iron-on.

I think that the seller, is ignorant, and has no clue as to what is involved in selling real estate. This makes for an excellent opportunity for a buyer who does have the needed knowledge to know how to conduct this sort of sale.

Considering the amount of money they are going to be sending someone, I imagine that the buyer has put some sort of protection into place (such as having asked the seller to use some sort of escrow).
It may be, that the bidders know exactly what is going on, and still see this as a good deal, even if they end up paying their own real-estate expert to finish the deal.

If I was looking to buy into DVC, and could insure the transaction was safe (in that my money would be returned if the transaction did not go through), I would be bidding on this contract.
If my biggest risk was ROFR, I would still bid.

Doesn't escrow return any money, to the buyer, if a sale is not completed, and it is not their fault?

- Eileen

[dannyh23]

Originally posted by eileenfk

Considering the amount of money they are going to be sending someone, I imagine that the buyer has put some sort of protection into place (such as having asked the seller to use some sort of escrow).

If I was looking to buy into DVC, and could insure the transaction was safe (in that my money would be returned if the transaction did not go through), I would be bidding on this contract.
If my biggest risk was ROFR, I would still bid.

Doesn't escrow return any money, to the buyer, if a sale is not completed, and it is not their fault?

- Eileen
The problem is the seller didn't mention anything about escrow -- only "send me a check, then I'll send you the deed" They have now added the reply to the question that was asked dealing with the ROFR, but still haven't addressed issues like closing costs, the closing process, etc.

I've seen people lose $150 on a Playstation that never arrived... I can't imagine losing $25,000 or so that this could get to...

[ohiominnie]

Well...instead of focusing on the seller I e-mailed the highest bidder at the moment and gave him a heads up.

YIKES!! Be careful! That can definitely get you in some major trouble with ebay.

[poohj80]

Obviously all the emails helped educate the seller as he has now added the following statement to his auction description:

To all bidders Disney does have the right of first refusals so at the end of the auction a contract will be signed and presented to Disney for final approval no matter what the final auction price is. The buyer will be responcible for any closing costs for the sale. The final sale can take from 4-6 weeks once it is presented to Disney for approval. A 10% down payment will be required upon the closing of the auction. Once the sale is confirmed by Disney the balance will be do at settlement. If Disney declines the sale because, the price is to low all monies will be refunded in full to the buyer. If this notice causes problems to current bids or potential bidders please contact me. Please be prepared to bid appropriately for the timeshare. After the auction is finalized Disney has the first right of refusal on the timeshare.