Another resale on Ebay

[JimC]

Originally posted by KANSAS
i noticed that many refer to the Disney transfer fee as $100
which is correct. I was charged an extra $20 by Disney for the rofr process also. The closing agent, said that when buyer pays all closing costs, it is customary process for seller to still pay $120 Disney transfer fee and ROFR FEE

Hmmm.....I thought buyer paying all closing costs meant all closing costs. Learn something new every day

 

[Dean]

Originally posted by JimC
Hmmm.....I thought buyer paying all closing costs meant all closing costs. Learn something new every day

Closing costs and transfer fees are technically seperate and each are negotiable. All items are negotiable in a resale.

My discussions were from the standpoint of a seller. There's no doubt that a resale agent brings far more to the table for a buyer. But I would disagree with the idea that there are no potential advantages to the buyer as they may indeed get a somewhat lower price without a broker though the ROFR will certainly serve as a floor for such savings.

 

[jbhaupt]

when is that use year for BWV 30 pts. IF it's OCT no need for Ebay. I'd be interested..

 

[FredS]

Originally posted by mydogdrew
Jaki posted it over the weekend and I had her on the phone Monday 9:00 am. It's $76 with no dues for 2002 & 2003. Of course we will be really challenged to use the 2002 points by 8/31 but I think we will be able to swing it. I plan on selling the 2003-2004 points which will bring my cost down to $56 or so. You don't see many 2002 points anymore. I guess the owner must have lost track of things - could have at least gone II. Oh well. Still has to pass ROFR but I think it will at $76.

Looked at this one, too, but passed on it since I was concerned that it would be very hard to find availability and make a reservation during the limited window of time after closing. If the 2002 point were lost, I think that, with closing costs, it was going to be close to $70 per point even if the 2003 points were sold.

It would be too easy to lose those banked points -- I hope things move very quickly for you and you can either use or rent those.

 

[FredS]

Originally posted by Dean
Closing costs and transfer fees are technically seperate and each are negotiable. All items are negotiable in a resale.

My discussions were from the standpoint of a seller. There's no doubt that a resale agent brings far more to the table for a buyer. But I would disagree with the idea that there are no potential advantages to the buyer as they may indeed get a somewhat lower price without a broker though the ROFR will certainly serve as a floor for such savings.

Since there are currently resales through brokers which are at the minimum first right of refusal prices there would appear to be no advantage at this time. Conceivably that might change, but in the present market I agree with Doc that there is no advantage to dealing directly with a seller, and actually there are some potential disadvantages to the buyer in not going through a professional.

 

[KANSAS]

JIM C
I thought when my buyers of my BCV contract, agreed to pay all closing costs, that would be everything.
My escrow agent, said this did not cover Disney transfer free and disney rofr fee. If I wish buyer to pay that $120 in future transacations, my contract, must state this.

 

[Dean]

Originally posted by FredS
Since there are currently resales through brokers which are at the minimum first right of refusal prices there would appear to be no advantage at this time. Conceivably that might change, but in the present market I agree with Doc that there is no advantage to dealing directly with a seller, and actually there are some potential disadvantages to the buyer in not going through a professional.

There is a big advantage for the seller, which was my point all along.

 

[KANSAS]

dean
you are correct, the term closing costs, does not
refer to transfer fees
specifically
disney transfer fee of$100 And Disney rofr fee of $20

 

[Tinkmom]

I will be happy when Disney backs off on exercising ROFR, so there is a better chance of getting a resale at a good price!

Not like I need any more points, but . . . .

 

[CaptainMidnight]

Originally posted by Tinkmom
I will be happy when Disney backs off on exercising ROFR, so there is a better chance of getting a resale at a good price!

Not like I need any more points, but . . . .

I certainly dissagree. I'm glad Disney exercises ROFR to help maintain the value of our purchase.

 

[bridgemanva]

I’ve chosen to go the semi independent route on a 100 point BCV resale; listing it myself and plan on using a closing service to ensure confidence for myself and my potential purchaser . The minimum broker fees on such a small contract really take a bite out of the proceeds. ($1000 broker fee vs. a free timeshare ad) At this point all I’m out is the time I’ve taken to list it and respond to inquiries and the paperwork from the closing service is similar to what I filled out on my own broker serviced resale purchase.

 

[Tinkmom]

Originally posted by CaptainMidnight
I certainly dissagree. I'm glad Disney exercises ROFR to help maintain the value of our purchase.

As a practical matter I don't think that is actually Disney's ROFR which maintains the value, it is Disney continuing to develop and sell new DVC properties at increasingly high prices. That itself would keep prices about where they are now, but it does stop individuals from picking up those really juicy contracts which Disney themselves are snapping up.

For those of us in it for the long haul these interim price supports don't mean anything. If you are concerned about the value of your DVC purchase then I think that the real question is what would happen years down the road if Disney stops this development of new, more expensive properties. I am looking at it more from a perspective that their exercising ROFR keeps me from making my best deal as a purchaser of more points.

 

[RuthnPaul]

Originally posted by rphjr
Another resale on Ebay. Price actually seems resonable. I'm curious to follow this to see how it does. I'm guessing the owners are trying to save the commision, not just trying to get a huge price. If these Ebay resales start working well do you think it will have an impact on places like the timeshare store. I know if I could get a reasnoable price on Ebay and save the 10% fee or whatever places like the timeshare store are charging I'd do it myself.

I read the description of this listing on e-bay and it appears to mirror a listing that Jaki currently has on www.atimeshare.com. Sounds like the owners are using whatever methods are available in an attempt to sell their points! I don't feel the $76 per point they are asking is unreasonable but they are asking for reimbursement of their 2003 dues which I would not be inclined to pay!

 

[Dean]

IMO, resale prices have been controlled more by the retail sales price than the ROFR. What ROFR does is discourage buyers from looking for a true bargain. That and the transparent resale price bunches resales all in about the same price range. Those of us know might be willing to go after that $40 pp resale know we can't get it through so we just don't bother. And that's OK as it does make what we own the more valuable.

 

[TheRustyScupper]

Originally posted by Dean
. . . resale prices have been controlled more by the retail sales price than the ROFR . . .

1) Actually, it the other-way-around. *
2) Disney knows this and must keep resales high through ROFR
3 If resales were allowed to float
. . . there would be resales cheaper on a per-point basis
. . . retail couldn't support high prices if cheaper were around
. . . why pay high, if your points canbe used anywhere

* You only need to ask yourself - if you could buy points at $60 and use them at SSR, would you pay $85-$90 per point for SSR?

 

[mel&me]

Originally posted by TheRustyScupper


* You only need to ask yourself - if you could buy points at $60 and use them at SSR, would you pay $85-$90 per point for SSR?

Hit the nail on the head there. I just bought at SSR.
if I could get a resale for 4-5 thousand less I would not have bought from Disney. I think anyone would buy resale. Less money spent or more points for same cost.

 

[GlennBenscoter]

I believe the ROFR supports the resale market. I have owned DVC since 97. Last year I bought Fairfield. Fairfield raises the point price about every quarter. It is about 12.5 cents per point. The resale market has stayed steady at about 2.5 cents per points. FF are good resorts and now has one as close to the MK as some of the DVC. FF is deeded.

I don't know how long the ROFR works as there is an end to the contracts. Who is going to pay even $76 per point for 1 or 2 years of use?

Glenn Benscoter

 

[Dean]

Originally posted by TheRustyScupper
1) Actually, it the other-way-around. *
2) Disney knows this and must keep resales high through ROFR
3 If resales were allowed to float
. . . there would be resales cheaper on a per-point basis
. . . retail couldn't support high prices if cheaper were around
. . . why pay high, if your points canbe used anywhere

* You only need to ask yourself - if you could buy points at $60 and use them at SSR, would you pay $85-$90 per point for SSR?

There have been times when the ROFR was the main issue and others when the retail was the main factor. Right now I personally think it's the retail price that drives the resale market and not ROFR. A year and a half ago when Disney was buying a lot of contracts, it was the ROFR that was the biggest factor. But there's no question that both issues play a role overall and that the end result is high retail prices. IMO, at the present time, if ROFR stopped, the prices for resale would remain about the same. The only difference would be that occasionally someone would be willing to sell cheaper either due to imediate need or lack of knowledge. If this happened too much, it would drag the resale prices down somewhat but I doubt it'd happen enough to be an issue.

 

[Mickmse2002]

I imagine it is BOTH the ROFR and higher retail prices that have kept the resale prices relatively high and not just one or the other. If retail prices are $90 I (and I would imagine most people) wouldn't be in a huge hurry to sell for $60. For those folks who, for whatever reason want/need to do so, this is where the ROFR is really a factor and preserves the market.

 

[goldilocks_63]

But are we going to $100/ pt in December....

Someone posted this here about a few weeks ago...

Is it true?

Goldi