Reliable DVC Resale companies

Discussion in 'Purchasing DVC' started by MJ6987, Jun 13, 2014.

  1. MJ6987

    MJ6987 DIS Veteran

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    Hi,
    Can anyone suggest some known reliable companies through which to buy a DVC Resale contract? Or is there a list somewhere on here?

    I know that TSS is a favourite on here but what about others?
    Thanks :)
     
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  3. MinnieMouse100

    MinnieMouse100 Mouseketeer

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    We used the timeshare store and had a great experience with them. There were a few others who we looked at listing with and they just didn't seem to have as much inventory. We also sent an offer in initially with fidelity and It was already sold but they never followed up beyond that. Scott with timeshare store continued to follow up with us after we lost out on our first choice with timeshare store until we found another contract that fit us. I would definitely recommend them.
     
  4. judydvc

    judydvc DVC veteran

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    I used the Timeshare Store and the staff is very helpful I recommend them highly. They made everything easy.
     
  5. MinnieMouse100

    MinnieMouse100 Mouseketeer

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    If you subscribe to TSS newsletter you will get new listings daily. They typically have 8-10 new listings every day
     
  6. MJ6987

    MJ6987 DIS Veteran

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    Thanks. Just emailed them!
     
  7. GOOFY D

    GOOFY D DIS Veteran

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    I have found that Fidelity has the best prices, but also has a $195 admin fee. They also seem to have the most inventory. Customer service with them seems to be somewhat hit or miss at times.
     
  8. ncurley

    ncurley Earning My Ears

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    Is buying directly from a DVC owner possible? (Like for sale by owner with normal real estate). I am wondering why you never see FSBO DVC.
     
  9. dundey

    dundey Mouseketeer

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    It is possible to buy from an owner, but not very popular for some reason. One place to look is the TUG (timeshare Users Group) marketplace.

    We purchased from both TSS and Fidelity with great results, both companies were excellent to work with.

    I also had a recent negotiation agreed upon with the seller through DVC by Resale. However the broker refused to use my preferred closing agent, and insisted upon "the one we always use". I said no, and will never deal with them again, since they would not allow me to use a different title company. I wonder if they told the seller why he lost that contract!
     
  10. summabreeze85

    summabreeze85 Mouseketeer

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    I wish these boards or other boards had a FSBO section so we wouldn't have to keep paying the brokers 10% in fees. I don't think a lot of people looking into DVC know about the TUG marketplace
     
  11. lovinwdw

    lovinwdw DIS Veteran

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    I went through Rachel at DVC Magic Resales. She was a dream to work with!
     
  12. lovinwdw

    lovinwdw DIS Veteran

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    I have never heard of this! Would love to hear more about it!
     
  13. supersnoop

    supersnoop DIS Veteran

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    What benefit is there for a buyer to purchase directly from am owner? A lower price would make ROFR more likely, plus you're relying on someone who doesn't necessarily know the process required to transfer ownership. I'd but a FSBO if I thought I could save money, but, since you really can't, it doesn't seem worth the extra risk or headache.
     
  14. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    yep, if the buyer has to pay the same amount regardless, i expect people will trust the timeshare store (for sending a check for thousands of dollars) a whole lot more than they trust "chalee94." i'd love to save the commission, sure, but no one ever offers a rationale for the other side of the transaction.
     
  15. DisneyGirl

    DisneyGirl DIS Veteran

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    FSBO can be advantageous for the same reasons FSBO is advantageous when buying a house. The seller doesn't have to pay broker fees, so presumably, you should be able to negotiate a better price if that savings is split between the seller and the buyer.
     
  16. vicki_c

    vicki_c DIS Veteran

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    But that lower price is exactly the thing that might make it more likely to be taken back by Disney thru ROFR. You don't have that issue in a house purchase. To me, that just adds another element of uncertainty to the process, making it less attractive.
     
  17. JimMIA

    JimMIA A little Miami humor...

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    First, let me say that my clear fave is The Timeshare Store. I have both bought and sold with them, and they are the best in my book for product/market knowledge and professionalism.

    Having said that, there are four brokers who more or less specialize in DVC resales. I don't think you will have any ethical/trust issues with any of them.

    It is important to understand that all of them are regulated by the Florida Department of Business and Professional Regulation, and all of them are held to exactly the same high standards Disney itself is held to. The timeshare sales/resale marketplace in Florida is very tightly regulated and is a very clean market.

    IF you have an issue with some of the brokers, it will usually boil down to one of two causes: spotty to poor customer service, or a problematic seller.

    I have never dealt with Fidelity, but based on dozens of anguished threads since their inception as GMAC, the description above of "hit or miss" sounds about right. There was a time when they were pretty clueless, but they have progressed to "hit or miss." One of the other brokers who I have dealt with (but cannot mention) also gave me "hit or miss" service.

    The Timeshare Store has always excelled in customer service for me in the five transactions I've done with them.

    Problematic sellers can be difficult for any broker. The better brokers do sound due diligence to try to identify them and resolve issues up front. Other brokers don't. But a problematic seller can lie, or they can just be stupid, and there is little the broker can do about that -- except to try to fix it quickly when the problem surfaces.

    Unfortunately, because they have a business arrangement whereby DVC refers owners wanting to get out of DVC to them, Fidelity tends to get the lion's share of the problematic sellers -- people who don't understand what they bought, own, or are trying to sell; people who are so deeply underwater they can't pay in enough to complete a sale; the list of issues goes on and on and on.

    Professional brokers sort through those situations pretty easily; others don't...and it's YOU who are handling the stress of the saga.
     
  18. summabreeze85

    summabreeze85 Mouseketeer

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    Granted there is no rhyme or reason to ROFR, but if you look at the statistics on how many contracts actually get taken (very small) and come up with an educated final agreement, it's not hard to figure out a number that has a good chance of passing AND passes along the savings to the buyer.
    The actual process of transferring ownership is unbelievably easy. The seller doesn't even do anything but basically find a buyer and create the contract - the title company handles everything.

    I disagree that the buyer has to pay the same amount regardless. I bought an OKW at the beginning of this year for $65pp. I have a FSBO contract that is in ROFR right now for $58, which both sellers almost net the same. I'm the one saving here, and there was a loaded OKW that passed ROFR at $58 not too long ago. My contract has current points but no banked so I think it's going to pass.
    I've also sold some contracts on my own...all funds are held in escrow by the title company. No check gets made out to me; everything gets written in the title company's name so it's all secure.

    Everyone knows they will try to get the absolute best deal no matter what...even if you are negotiating through a broker, are you going to sign the contract for $58pp for OKW or $62pp because you think $62pp has a better chance of passing ROFR?
     
  19. JimMIA

    JimMIA A little Miami humor...

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    Yeah, sure -- if that contract is perfect for my needs.

    I don't like to pay too much any more than anyone else, but I think sometimes folks get downright stupid about trying to squeeze every last penny out of a deal. I certainly would not lose a great contract for a couple hundred bucks, but I've seen that happen over and over in the years I've been following the DIS.
     
  20. Humphery58

    Humphery58 Earning My Ears

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    No new news here, but after two purchase contracts through Scot at The Timeshare Store and Nancy at Magic Vacation Title, I recommend them highly!!
     
  21. PJF

    PJF Earning My Ears

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    +1 with Rachel
     

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