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-   -   Better to wait until after the first of the year? (http://www.disboards.com/showthread.php?t=3027171)

connorlevismom 11-29-2012 11:47 AM

Better to wait until after the first of the year?
 
So from the looks of it - buyers are paying 2013 dues if buying right now due to the time of year. Is it better to wait to buy until after the first of the year after the dues are due?

lions1995 11-29-2012 11:53 AM

First, dues are not considered late until mid February. Secondly, if a seller is so deseperate to sell that they do not ask for 2013 MFs to be paid by the buyer, they may be just as willing to do the same now. If you start a contract now, it will not come out of ROFR until at least mid January. You can ask the seller to pay the 2013 dues and as I stated, if they are desperate, they may do it to unload the contract. If they aren't willing to do it now, they probably aren't willing to do it a month from now. Lastly, if there are no 2013 points (or if they come lase in the year), the seller may be more willing to pay the MF.

drusba 11-29-2012 12:11 PM

The way resales work are as follows: at time of closing any dues not yet paid for the calendar year must be paid to Disney. If you close after Dec 15, that will apply to 2013 and not 2012 dues. If you buy in Jan and close in Feb that will apply to anything that is left for 2013 dues, which may be all of 2013 dues. In other words, who pays dues for 2013 is an issue that needs to be addressed in the offer regardless of whether you buy now or in Jan. If you are getting all your contract's points for 2012 such as Dec 2012 points that are good anytime in 2013, the seller has a good argument for your paying all the dues. If you are not getting points until Dec 2013, you have an excellent basis for asserting the seller should pay all the dues. If it is something in between, such as you will be getting April 2013 points as your first usable points, both can argue the dues should be allocated according to when you get usable points with you paying the April to Dec share.

You can make other arguments on dues and as noted above you may even find a seller willing to absorb them all just to get the sale done. It does not really mater when you purchase resale because who absorbs what dues will always be an issue, e.g., even if the seller pays all annual dues in Feb and does not sell to you until April, he can try to get you to reimburse a share for part of the year. What is important is to determine how you would like the issue to be handled so you can present your suggestion as part of your offer.

jkpatrick 11-29-2012 01:59 PM

Quote:

Originally Posted by connorlevismom (Post 46814849)
So from the looks of it - buyers are paying 2013 dues if buying right now due to the time of year. Is it better to wait to buy until after the first of the year after the dues are due?

Also, any amount of money is negotiable. So even if you started the purchase on 1/1/13 or 3/1/13 or any future date. The Seller may ask you to pay the 2013 MFs or a part of them, or they may not ask for any. Even if they have already paid all of it already.

zavandor 11-29-2012 06:51 PM

Maybe a rason to wait the start on the year is that people will soon receive their MF bills and may decide they don't want to keep the contract anymore. This means more contract on sale, so more choice and maybe lower prices

connorlevismom 11-29-2012 07:08 PM

Great advice - thanks!


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