How much $$$ to have in hand before making an offer resale?

Discussion in 'Purchasing DVC' started by rusafee1183, May 3, 2013.

  1. rusafee1183

    rusafee1183 DVC Owner Since 2012!

    Joined:
    Mar 11, 2008
    Messages:
    3,108
    Has anyone done resale and financed their purchase? I am unsure how much money I need to have in hand before making an offer. I know we need to make a deposit of $500-$1000 depeding on the cost of the purchase.... but I am not sure how much everything else costs, like closing etc etc.

    I found the perfect contract, and we don't have enough to buy it outright yet. I just want to make sure I am prepared for everything and don't get caught off guard.

    Thanks! pixiedust:
     
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  3. Meggysmum

    Meggysmum Mouseketeer

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    Jun 11, 2012
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    We have never financed but whenever I have asked for details about a resale contract I have been given full details including the breakdown of Maintenance Fees Due and Closing costs. I believe there is one agent who also charges a transaction fee as well. Just make the enquiry about your contract and they should send you all the figures so you know what you are working to.
     
  4. NoleFan

    NoleFan DIS Veteran

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    Mar 30, 2013
    Messages:
    726
    We had to do 10% with one company & 20% with another for deposit (no financing). I would contact the broker directly.
     

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