? about buying a resale

[Tigger7570]

Hi Everyone:
We have owned at OKW since 93 and have a good number of points. However, with the family growing and trips with the children and grandchildren, we are thinking of addng on. My first question is who is the best to deal with to buy a resale - I know the Timeshare Store - but is that the only one and is that the best way to go. Also, do you contact them and specify what you are looking for and the price you want to pay? Next, what things are important to look for in a resale - i.e., I know I won't buy a resale that has used all its points and borrowed. Anything else. As you can tell, I'm really green at this.

 

[Sandisw]

I have used TSS as well as another one of the three main brokers out there. So far, have been pleased with both.

Some of the brokers will co-broker will others--I don't believe that TSS does. I have read that some of the brokers will help search for a contract for you.

They all offer email listings so contact them so you get them sent to you.

As far as what to look for, I think that is really up to you. We wanted BWV and knew about how many points we wanted. That is what we focused in on. Once we found a contract that we were comfortable with, we made an offer for what we wanted to pay.

The first few were rejected, but we eventually found a seller who was willing to accept what we wanted to pay.

Good luck!

 

[tlaw66]

Timeshare and disney are the onlt 2 i know of. The 2 problems that come up noe are disney has started using their right of first refusal to stop most of the resales. and if you don't buy points from Disney then all the points you get from timeshare are only good for Disney stays at the dvc properties, no other perks with resale points. Call your sales person to get the inside scoop.jim mccoy was able to help me decide if i wanted to risk buying from resale and gave me the scoop of disneys new policy.

 

[Kidanifan08]

If you search "dvc resale", several websites will appear and the first few tend to be reliable, which includes the Timeshare Store. I have done two resales with TTS and they have been great!

As for your desire to purchase an OKW resale, it would make things easy if you find a resale with your same use year. That way, the new points will be combined with your current points and they can be all used together. If you purchase a different UY, you will need to transfer points from one contract to the other to be able to use them in combination. It is not a huge problem to transfer points, but you only get one transfer per year and once the points are transferred, they cannot be put back into the original contract.

Also, keep in mind that the asking price is only a starting point for negotiating a sales price. Most resales can be had for less than what is being asked. There is a right of first refusal thread that can give you an idea of what OKW has been selling for on the resale market. Smaller point contracts tend to go for more than contract greater than 150 points. There are restrictions on things that you can use resale points on, but if your plan is to use it for stays at WDW DVC resorts, you have nothing to worry about.

Good luck resale hunting!

 

[chalee94]

disney has started using their right of first refusal to stop most of the resales.

unless you are talking about BCV, this is definitely not true. (even there i don't know if DVC is scooping up "most" of the resales.)

DVC resales get most of the same perks as direct buyers, except where trading out to the disney collection is involved. trading out is never a good deal, but resales can still trade through RCI if they want.

if your situation changes and you need to sell, keep in mind that you will be selling a "resale" whether you bought direct or resale originally...but if you bought direct, you will just lose more money.

sales people - even ones with disney badges - aren't likely to tell you the whole truth. keep that in mind.

 

[Tigger7570]

Thank you for all the info. Lots to think about. We do know that we want to buy at OKW. I do know that the best way to go is a resale and not direct buy as there is a vast difference in price. The only way we would add points is through a resale because having bought in 93, we paid a lot less and got free passes. I just could not justify the price per point that it is now selling for through Disney and I actually checked to see if Disney did resales, but they don't. They would sell at the current price per point, not the resale price per point. We would be looking to use the points at Disney so it's not a problem in regards to the new rules for resale. If we did decide to do something not covered under the resale we have our direct buy that we could use the points from, however, I agree with many who have said that it's not worth using points on certain trades that in fact, it actually costs more. So, we know a resale is definitely the way to go. I just want to make sure I pick the right company to deal with and be aware of anything that we hadn't considered in a resale or any hidden costs, etc.

 

[KAT4DISNEY]

The main four resale agents used by most DIS people are TTS, Fidelity, Shontell at dvcbyresale.com, and **** with ****** *****.

I've used all except fidelty and would use any of them again if they had the contract I wanted.

I forgot Carrie at a timeshare broker. I haven't personally used her although I've spoken with her and I've read of others using her without trouble.

 

[DVCconvert]

disney has started using their right of first refusal to stop most of the resales.

This is not factual. DLR and BCV are the only two that runs a real risk of being stopped by ROFR - oh and there was I believe 1 contract at OKW.

 

[PORC]

I just used dvcbyresale.com and can highly recommend them. The title company is a little slow but I was warned this up front. I bought BWV and got a smokin' deal on 200 point's per year with no issue from Disney at all. I just kept an eye out on the boards for what we wanted, called my dvc rep up and made an offer and 24 hours later she called back and said they accepted. Wo Hoo!!

 

[OrangeCountyCommuter]

I have used a couple of brokers the board sponsor and dvcbyresale. Never had a bad experience (I have not used Fidelity however )

Don't limit yourself, you are looking for the best price and if TSS doesn't have it then go elsewhere.

 

[Tigger7570]

Couple of questions - I know where I want to buy, how much I want to spend and also I definitely want to buy a contract that has points available, hopefully most of the points available in 2011. How successful has anyone been with negotiating with a price, i.e., asking price is $11,000 and you offer $10,000? Also do you pick one agent and then ask that agent to find it whether it's through them or another timeshare resale company? Lastly, I'm not sure what one of the posters meant by getting the same use year. What does that mean? Also, what about closing costs? How does that work?
Thanks everyone.

 

[Sandisw]

Couple of questions - I know where I want to buy, how much I want to spend and also I definitely want to buy a contract that has points available, hopefully most of the points available in 2011. How successful has anyone been with negotiating with a price, i.e., asking price is $11,000 and you offer $10,000? Also do you pick one agent and then ask that agent to find it whether it's through them or another timeshare resale company? Lastly, I'm not sure what one of the posters meant by getting the same use year. What does that mean? Also, what about closing costs? How does that work?
Thanks everyone.

I have bought 2 contracts as well as sold 2 contracts via the resale market. In 3 of the 4 cases, the price was not the listing price when all is said and done.

For the BWV contract I am buying, it was listed at $60/ppt. I offered $52 with buyer paying closing but seller paying 2011 MF's, even though I was getting all 2011 points. They countered with $55/pt and we agreed.

This was the 3rd or 4th one that I offered on--the first few were refused. IMO, just offer what you want and keep at it until you find an owner whose idea of "fair" is the same as yours!

A membership is defined by the UY. So, if you own and want to buy another contract, it will be added to the same membership if it is titled the same way and has the same UY.

If you own one UY and decide to buy another contract and the UY is different, then it becomes a new membership. Not as easy to manage as the same one but doable. We own BLT with a June UY and the BWV contract is Dec UY. Not our first choice, but we bought more points than we needed to compensate, LOL.

Good luck!

 

[Tigger7570]

Thank you. Now I just need to pick an agent or agents.

 

[htmlkid]

Thank you. Now I just need to pick an agent or agents.

I would be more focused on the contract and not the agent. Contracts at TTS tend to be more expensive then Fidelity.

 

[Tigger7570]

That's interesting. Thank you. I thought from the other replies that you could actually work with more than one company to get the best price. Since I know what I want for points and what I want to pay, I'm not actually worried about that part and believe me I'll be extremely cautious before I commit.

 

[disneynutz]

Couple of questions - I know where I want to buy, how much I want to spend and also I definitely want to buy a contract that has points available, hopefully most of the points available in 2011. How successful has anyone been with negotiating with a price, i.e., asking price is $11,000 and you offer $10,000? Also do you pick one agent and then ask that agent to find it whether it's through them or another timeshare resale company? Lastly, I'm not sure what one of the posters meant by getting the same use year. What does that mean? Also, what about closing costs? How does that work?
Thanks everyone.

You do know that using the points this year is out of the question, but you could bank them. Also for current points you will probably be expected to pay the dues and the contract price will be higher. You need to work the numbers to see what the better deal is.

Bill

 

[Tigger7570]

Yes, I would have no problem banking them for future use and once I find what I am looking for, I will make sure to review the costs. I'm sure I'll be back to these boards for advice from those of you who have purchased. I noticed that someone mentioned that they had the seller pay the closing costs so that's another thing that I will consider. I just want to make sure that I don't miss any hidden costs or ones I haven't thought of so thank you for the heads up about the dues.

 

[nitrot150]

we just bought at BWV through fidelity...was pretty easy, and they did fine. SO I'd go through there again. no issues with ROFR...right now we just closed on friday and are waiting on our papers to come in the mail.