Advice on best way to close private deal?

[Mickey Moose]

Hi,

I am trying to work out a deal privately to purchase an interest in DVC. Currently no broker or agent is involved on behalf of either party. If we agree on a price, how do we proceed next? Any advice would be greatly appreciated. Any one ever go this route before?

 

[Mickey Moose]

^up

 

[goofyforwdw]

yes I did this for my points at BW this fall We bought points from my brother and sister in law (money problems).Once we agreed on price banking of points and who would pay for closing (we split the cost)We faxed this agrement out to MS. Disney has first rights to the points so we had to get eveything in righting and send it to dvc. They did not want to buy back the points and told us it was ok to proceed with the purchase, they recomened a timeshare closing co.I then called them and faxed them the contract we had worked up and they took it from there . Fed ex the paper to us and seller sent them the money and signed papers back about two weeks later we were members at BWV. We were already members at HH since 1996
Good luck

 

[Mickey Moose]

Thanks for the reply. It was nice that the deal worked for you and helped out your relatives. Good luck!

Does anyone have any idea where the price point is, where the price would be so low that Disney would use their option to buy the points?

 

[RobDoc]

Until recently, the apparent floor was $50@. There have been reports that $55 is now the low. There has not been a report of anyone losing a sale thru DVC buy-back- so it's tough to assess what the real limit may be. I was told by a DVC CM, in Jan, that DVC is not really interested in repurchases right now, but will do so only to maintain the value. Good luck!

Doc
doc@wdwinfo.com

 

[Mickey Moose]

Thanks Doc! Valuable info to be aware of