Question about the resale of a subsidized VB contract.

Discussion in 'DVC-Mousecellaneous' started by tvwalsh, May 30, 2009.

  1. tvwalsh

    tvwalsh <a href="http://www.wdwinfo.com/dis-sponsor/" targ

    Joined:
    Mar 17, 2003
    Messages:
    1,025
    I have listed a 50 point VB subsidized contract on TTS. The member fees are 4.97/point (The number in the listing is incorrect.) instead of $6.41/point on a non-subsidized contract.

    My question is, How much more do you think a subsidized contract with lower dues ($4.97/pt) is worth than an unsubsidized contract with higher dues (6.41/pt)?

    (The subsidy does go to the new buyer if anyone might think it does not. :thumbsup2)
     
  2. Avatar

    Google AdSense Guest Advertisement


    to hide this advert.
  3. CarolAnnC

    CarolAnnC <font color=blue>Caught Smuggling Jello Shot Syrin

    Joined:
    Oct 9, 2000
    Messages:
    12,232
    When I purchased my subsidized VB contract, I did not take into consideration the lower dues in my offer. I bought for asking price, based on ROFR going rate and the fact that there were banked points to be had as well as all current points. It was a price comparable to all VB resales at the time.

    I did not consider the dues rate to be something adding any dollar value. If you ask more, in these economic times, you may not sell it.
     
  4. tvwalsh

    tvwalsh <a href="http://www.wdwinfo.com/dis-sponsor/" targ

    Joined:
    Mar 17, 2003
    Messages:
    1,025
    Did you say that lower dues did not increase the value to you at all? On a 50point contract, that would be $150 saved in the first two years of member fees. :thumbsup2
     
  5. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

    Joined:
    Aug 19, 1999
    Messages:
    32,406
    It has been stated on this board in the last few months that the subsidies are now not being carried forward to the new buyer, best to make certain on this point if you list them differently.
     
  6. tvwalsh

    tvwalsh <a href="http://www.wdwinfo.com/dis-sponsor/" targ

    Joined:
    Mar 17, 2003
    Messages:
    1,025
    After the question arose, several people on this board and two boards made an effort to resolve this issue once and for all. The verdict is in. The subsidies do pass to the new owners be they the second owner, third owner, etc.

    DVC, however, can break the chain by the magic of ROFR! :goodvibes
     
  7. CarolAnnC

    CarolAnnC <font color=blue>Caught Smuggling Jello Shot Syrin

    Joined:
    Oct 9, 2000
    Messages:
    12,232
    To be honest with you, I didn't even ask about it. Perhaps some will consider $75 a year a deal breaker. Not for me though...
     
  8. tvwalsh

    tvwalsh <a href="http://www.wdwinfo.com/dis-sponsor/" targ

    Joined:
    Mar 17, 2003
    Messages:
    1,025
    I would not be surprised if a fair number of buyers and sellers are unaware of whether or not the contracts they are dealing with are subsidized or not.

    One rummager I know found an original, signed Currier and Ives painting for $95. On a 100 point contract , kept to the end, you may have "found" over $5000!
     

Share This Page