Selling price for Bay Lake Towers on resale

[Annielkd22222]

The difficulty is because it's a little larger contract it's probably going to be comparable to the median price or probably less. What were the other particulars? MF's on the 2013 points? Fees? A couple of the ones above the sellers were paying all fees.

Do you know the median selling price?

 

[TBLaube]

How many points were used?

All of 2013 and most of 2014.

 

[Annielkd22222]

All of 2013 and most of 2014.

So you sold your for 97 based on no points for 2013. Did you pay their MF?

 

[TBLaube]

So you sold your for 97 based on no points for 2013. Did you pay their MF?

I paid MF for the points I used, yes.

 

[Annielkd22222]

I paid MF for the points I used, yes.

Sorry to be a pain. So you said you used all of 2013 and most of 2014.... Did you pay for both years?

 

[Pirate Granny]

I don't think many sellers will pay Fees for 2014, regardless of the price. Price would reflect BUYER paying fee and be lower. Sell my time share now isn't very reliable. I put an offer in, and they NEVER responded for two MONTHS, then sent an email saying if WE didn't respond they would assume we weren't interested. If you can get it below $90 I would jump at it, but would hold my breath during ROFR. Is this the broker that wants $1000 to $1800 in closing costs (buyer to pay)?

 

[dmunsil]

Do you know the median selling price?

No one knows the current median selling price (except maybe the large DVC brokers), but here are the median prices recorded for the last 6 months:

BLT                                                   
              Apr     May     Jun     Jul     Aug     Sep
Med Sale      $90.00  $93.00  $95.00  $95.00  $98.00  $97.50 
Med ROFR      $94.50  $89.00  $90.00  $93.50  $85.00  $90.00

Deeds are recorded an average of 7 weeks after they are negotiated, so extrapolate forward 7 weeks or so.

 

[TBLaube]

Sorry to be a pain. So you said you used all of 2013 and most of 2014.... Did you pay for both years?

Yes I did. It was worth it to me and the right thing to do. I love my DVC, but downsizing my expenses.

 

[KAT4DISNEY]

That was really low! I just sold a contract for $97 and that was priced a little lower due to some used points.

How many points in the contract?

 

[KAT4DISNEY]

Because its a December use year, 2013 MF are paid up to date. I don't know what I would do about the ones for after its sold. I'm thinking since they only got half the points, I should pay 1/2 the fees.

An informed buyer would definitely request that - probably in the form of a reduction in price and it would be a reasonable request. But there are uninformed buyers out there who might not.

 

[Annielkd22222]

It seems to me there are a lot of people out there selling timeshares that don't know this as well. I want to be fair, but not be taken advantage of. I think someone telling me that 85 per point was reasonable is stupid....and I wish I could just not answer their call anymore. I have a good broker selling this and going with sellmytimesharenow was a mistake I just need to deal with.

 

[Missyrose]

It seems to me there are a lot of people out there selling timeshares that don't know this as well. I want to be fair, but not be taken advantage of. I think someone telling me that 85 per point was reasonable is stupid....and I wish I could just not answer their call anymore. I have a good broker selling this and going with sellmytimesharenow was a mistake I just need to deal with.

Wait, you're SELLING with sellmytimesharenow?!?! Can you get out of that sales contract? They have gotten nothing but terrible reviews on here.

 

[Trooper8286]

It seems to me there are a lot of people out there selling timeshares that don't know this as well. I want to be fair, but not be taken advantage of. I think someone telling me that 85 per point was reasonable is stupid....and I wish I could just not answer their call anymore. I have a good broker selling this and going with sellmytimesharenow was a mistake I just need to deal with.

It would seem that the broker just wants to move the contract.....I seem to remember reading somewhere in a thread that brokers that don't usually handle DVC don't really care about anything but getting the contract transferred. They will suggest a low ball offer and when Disney exercises the ROFR, the broker has SOLD it. Therefore, no incentive to try to maximize the price for anyone.

I paid 100 pt for 160 points at BLT, Feb use year. Asking price was slightly higher. I paid 2013 MF because ALL 160 points from 2013 were there and 2014 as well. I got the points, I paid MF. I also had a few 2012 points that I am trying to use.

I am glad you have a different broker now........

 

[Annielkd22222]

Wait, you're SELLING with sellmytimesharenow?!?! Can you get out of that sales contract? They have gotten nothing but terrible reviews on here.

I can tell why. I didn't know what I was doing.....and I am hoping to sell through another reputable broker. They claim if someone sells it for the same price they will give me my money back. They are horrible!

 

[Annielkd22222]

It would seem that the broker just wants to move the contract.....I seem to remember reading somewhere in a thread that brokers that don't usually handle DVC don't really care about anything but getting the contract transferred. They will suggest a low ball offer and when Disney exercises the ROFR, the broker has SOLD it. Therefore, no incentive to try to maximize the price for anyone.

I paid 100 pt for 160 points at BLT, Feb use year. Asking price was slightly higher. I paid 2013 MF because ALL 160 points from 2013 were there and 2014 as well. I got the points, I paid MF. I also had a few 2012 points that I am trying to use.

I am glad you have a different broker now........

I wrote them a letter today saying how irate I was that they tried to convince me that 85 per point was reasonable. Hopefully, I won't need to deal with them. I had advice from a good broker saying list it around 102 and settle between 98 and 102.....so I really couldn't figure out why he thought 85 was good. I told him he only had 2 days to get back to me on this since my counter back of 93 was too low.

 

[Msmithmd]

Do realize that the difference between 93 and 98 isn't a lot of money on a 160 point contract. Less in fact than your dues payment, if you don't get your deal through ROFR and closed before it comes due in January.

Sell where you are comfortable with the number, sure. Just if you're set on selling, I'd think long and hard before I balked over a $5 difference, when I was three months out from paying annual dues. My 2c, for what it's worth.

And no, I'm not bidding on your contract.

 

[Annielkd22222]

Do realize that the difference between 93 and 98 isn't a lot of money on a 160 point contract. Less in fact than your dues payment, if you don't get your deal through ROFR and closed before it comes due in January.

Sell where you are comfortable with the number, sure. Just if you're set on selling, I'd think long and hard before I balked over a $5 difference, when I was three months out from paying annual dues. My 2c, for what it's worth.

And no, I'm not bidding on your contract.

I came back at 93....he wanted 82. And, on a 220 contract that's almost 2 grand. Plus, selling something at 82 when the going rate is 100 is a loss of 4000.... That's not chunk change.

 

[TBLaube]

how many points in the contract?

160

 

[Annielkd22222]

Do realize that the difference between 93 and 98 isn't a lot of money on a 160 point contract. Less in fact than your dues payment, if you don't get your deal through ROFR and closed before it comes due in January.

Sell where you are comfortable with the number, sure. Just if you're set on selling, I'd think long and hard before I balked over a $5 difference, when I was three months out from paying annual dues. My 2c, for what it's worth.

And no, I'm not bidding on your contract.

I missed your last line . I didn't think so...especially since I wasn't advertising

 

[Andyman33]

Let's just make it easy and let me buy it for 91 a point and all go home happy

Lol