Best Time of Year to buy DVC Resale

[bakenatj]

Originally Posted by Dsnrunner

I am about to make an offer on a resale at BWV. You stated that the "seller" will be paying the closing cost. Is this common? or is this something which must be negotiated with the seller and broker?

I had to negotiate this with the seller. After we agreed on price I gave them the option of paying MF or closing. They chose closing since it was less than MF.

[bakerworld]

Was looking at a resale and it stated the purchaser would be responsible for all dues owed. Is this a normal condition? Or is the seller trying to only pay closing costs?

[Missyrose]

Originally Posted by bakerworld

Was looking at a resale and it stated the purchaser would be responsible for all dues owed. Is this a normal condition? Or is the seller trying to only pay closing costs?

Everything is typically negotiable in a resale sale. If that seller is rigid about wanting to be reimbursed for MFs, I'd lower your per point offer price accordingly.

[ELMC]

Originally Posted by bakerworld

Was looking at a resale and it stated the purchaser would be responsible for all dues owed. Is this a normal condition? Or is the seller trying to only pay closing costs?

Originally Posted by Missyrose

Everything is typically negotiable in a resale sale. If that seller is rigid about wanting to be reimbursed for MFs, I'd lower your per point offer price accordingly.

Agreed. I'd also like to add that the expectation of most sellers (and the brokers in my opinion) is that they will have their maintenance fees reimbursed. So while you can get away with not having to do it, it's a bit of an uphill battle. You're better off doing like Missy said and offering to reimburse fees and lowering your offer price accordingly.

[Brian Noble]

That's what I had heard, but have not seen it this year.

This seems to be true generally. We've been having similar discussions on TUG, and buyers are finding the pickings much slimmer this year than they have been in the past in all sorts of areas for timeshare.

That does make a certain amount of sense. The recession flushed out a *lot* of inventory over the past few years, so anyone whose finances were marginal has probably already gotten out. At the same time, there certainly seems to be a continuing rebound in travel demand.

[disbound09]

Originally Posted by Brian Noble

This seems to be true generally. We've been having similar discussions on TUG, and buyers are finding the pickings much slimmer this year than they have been in the past in all sorts of areas for timeshare.

That does make a certain amount of sense. The recession flushed out a *lot* of inventory over the past few years, so anyone whose finances were marginal has probably already gotten out. At the same time, there certainly seems to be a continuing rebound in travel demand.

Having just purchased at a reasonable price per pt 53 on SSR, have you found prices were stable before correction/recession or were they constantly going up and down.

I am thinking of adding of selling what we just bought and purchasing three smaller contracts. Never thought about giving them to the kids in small contracts rather than leaving a lump amount to have to figure out what is best for the three of them.

[sglfc81]

In your experience, where are the best places to buy resale? I saw some websites, but are there better ones than others? are there some to definately stay away from?

Scott

[psac]

Originally Posted by sglfc81

In your experience, where are the best places to buy resale? I saw some websites, but are there better ones than others? are there some to definately stay away from?

Scott

We bought ours from The Timeshare Store. There is probably an add for them right on this page, since they are an advertiser on the disboards. It was a very good experience, no hassles at all. We're thinking of adding on more resale, and would only go with them again.