DVC RESALES
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Old 07-13-2013, 05:44 PM   #16
BestDadEver
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Originally Posted by Minniesgal View Post
Is commission not a percentage of the sale amount?
I ment the closing costs but I guess you can get the buyer to pay that to . Plus you would need 6 buyer instead of 3 but I guess those small contracts get taken quick , so i guess there is no downside to doing this . The $100 sure isn't a big deal .
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Old 07-13-2013, 06:00 PM   #17
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Buying and selling contracts involves many variables, personal priorities and market factors. And they all change. We need to be mindful that the best advice last year may not be the best advice this year, nor the best advice in six months.
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Old 07-13-2013, 06:36 PM   #18
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That's one regret I have - I bought 250 BWV points in one contract. I wish I would have split it 150/100. When VGC opened, I would then have sold the 100 and bought 100 VGC.
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Old 07-13-2013, 06:47 PM   #19
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I ment the closing costs but I guess you can get the buyer to pay that to . Plus you would need 6 buyer instead of 3 but I guess those small contracts get taken quick , so i guess there is no downside to doing this . The $100 sure isn't a big deal .
I think most closing companies would do this for one closing if selling multiple to a single person. However, if you had them on one deed and sold part, you'd have to do a new deed for yourself in addition to the new one for what sold.
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Old 07-13-2013, 08:57 PM   #20
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don't forget the incentives when buying direct - now they're not so great but you don't get much at 50 pts and back in '08 the incentives were significant
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Old 07-13-2013, 09:44 PM   #21
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I've purchased 5 contracts via resale and after the initial 200 pointer, we bought smaller contracts of 25 to 100 points each (we wish the 200 pointer was broken up as well). We did this for 3 reasons...1- we can afford to add on smaller contracts...2- if, someday, we don't need quite as many points we can sell off a contract or 2 (and since we own at 3 resorts, we could sell off small chunks at each resort or all at 1 resort or whatever combo we find works for us to get us the right number of points at the right resort(s))...3- smaller contracts sell quicker.

If we were to buy 300 points direct (not likely), we certainly would buy several smaller contracts.
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Old 07-24-2013, 03:48 PM   #22
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For those with a lot of kids...
Splitting purchases into many small contracts makes sense since that's how they will be disposed of in our will. Of course, I plan to outlive my DVC...but just in case...
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Old 07-24-2013, 03:58 PM   #23
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We are in the process of closing on a 600 point re-sale purchase at BLT. It is actually three 200 point contracts from the same seller. We are doing the purchase as one transaction, so we only have one closing, one admin fee, etc. Not sure how it works for the seller. It went through ROFR as a single 600 point transaction, though it clearly stated three different deeds.
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Old 07-26-2013, 09:56 AM   #24
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It'd be interesting to do an actual spreadsheet-type analysis as to how much the size of the contract affects the sale price. I'm seeing them listed high and snapped up right away in this market. Big contracts are sitting.
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