Deposit?

Discussion in 'Purchasing DVC' started by your friend, Apr 7, 2012.

  1. your friend

    your friend Mouseketeer

    Joined:
    Feb 13, 2010
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    144
    I was just reading about the resale process and the page says your deposit will be return immediately if disney exercises the ROFR. How much of a deposit do you have to put down when you start the resale process?
     
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  3. Jason@dvcstore

    Jason@dvcstore I support "addonitis" Approved Advertiser

    Joined:
    Mar 26, 2005
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    When dealing with The Timeshare Store, Inc.® upfront you would need 10% of the purchase price due within 7 days (5 business days) once your offer has been accepted by the seller. The balance would not be due until about 6 to 7 weeks later when you go to closing.

    Hope that helps.

    Jason from The Timeshare Store, Inc.®
     
  4. OldGrizzly57

    OldGrizzly57 Grumpy Old Bear!

    Joined:
    Apr 1, 2011
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    227
    I have purchased multiple contracts through multiple brokers and the deposit has ranged from a flat $500 all the way up to 20% of the purchase price.

    Griz
     
  5. bethifoody

    bethifoody Mouseketeer

    Joined:
    Feb 26, 2007
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    269
    We have a contract currently in ROFR through Fidelity; our deposit was a flat $1k.
     
  6. zavandor

    zavandor DIS Veteran

    Joined:
    Jul 22, 2011
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    With Fidelity I was required a deposit of 1000$ too. However I've sent my credit card number to the title company, but they charged the credit card only after the contract passed ROFR.
     
  7. WsPrincess

    WsPrincess DIS Veteran

    Joined:
    Mar 18, 2011
    Messages:
    1,209
    We are working with the Timeshare Store and as Jason said, we have a 10% deposit. If Disney exercises ROFR, we can get a refund or apply the money to another contract.
     

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