Any Advice On Selling DVC?

[Coastie]

I have heard from the Timshare Store. But I would like to hear from people who sold their DVC either using the Timeshare Store or otherwise. Seems everthing is positive toward TTS... Any advice is really appreciated.

Thanks!

 

[CharlesTD]

I know a few people that contacted a closing company to handle that part of it and listed it on E Bay with great success.

 

[JimC]

I have done two purchases and one sale with Pat Spell at The Timeshare Store. I highly recommend her and them. The advice and service has always been first rate.

 

[mowog]

For an easy sale use timeshare store. Recently a person on E-bay had a beautiful presentation and sold a DVC contract for way too much- good for him but the buyer could have done much better. Search and it may still be there. I guess you have to decide the no work, loose a little vs. more work net a little more.

Jean and Bob

 

[Disney Fanatic]

My suggestion to you is to STOP using your points.

The contracts with any good amount of banked points get bought up very quickly. It's the contracts that are stripped that sit there and seem to take forever to sell.

And I agree with the last poster, if you want a hassle free experience, you should let the experts at the Timeshare Store take care of all the marketing, and negotiating and selling.

If you are prepared to do all of this yourself and prepared to speak directly to potential buyers, than it may be worth it to sell yourself.

It all depends what your comfort level is and how much time you want to invest.

 

[pmcpmc]

 

[cruise-o-matic]

My suggestion to you is to STOP using your points.

The contracts with any good amount of banked points get bought up very quickly. It's the contracts that are stripped that sit there and seem to take forever to sell.

Stripped BCV (and for the most part BWV) contracts seem to be sell rather easily too. But your statement probably holds true with the other resorts.

The only thing about making a ressie now is that you cannot close until you've completed your trip. Otherwise, DVC will cancel all outstanding reservations once it passes ROFR.

 

[belsam]

I just couldn't see paying 10-12% to TTS or another reseller so I listed my 300 point SSR contract on Ebay and it sold for great price. We did the closing paperwork through Timeshare Transfer and it went very smoothly. I saved about $2,600 over listing it with TTS. I'd highly recommend this.

 

[vascubaguy]

You can definately save some $$$ by selling it yourself if you want to take on the task of listing it and dealing with potential deadbeat buyers. There are closing companies out there that will help you with the closing process once you get a buyer.

Ebay would be a decent place to start, but again... deadbeat bidders are out there... and you have to deal with those that might bid but then not have the money to follow thru, etc...

 

[JimMIA]

You can definately save some $$$ by selling it yourself if you want to take on the task of listing it and dealing with potential deadbeat buyers. There are closing companies out there that will help you with the closing process once you get a buyer.

Ebay would be a decent place to start, but again... deadbeat bidders are out there... and you have to deal with those that might bid but then not have the money to follow thru, etc...

I guess I'm just not following you. I can see the issue of non-legitimate bidders on eBay, but what would a "deadbeat buyer" be in a real estate transaction?

The buyer submits a contract with a deposit. The deposit goes into escrow. The buyer sends the cash to close or they lose their deposit. Where does "deadbeat" come into play?

[Personally, I would list it with TTS -- if I wanted out of DVC for any reason, I wouldn't want to play around -- but I'm just curious because this particular post didn't make much sense to me, and I'm wondering what I'm missing.]

 

[bigdisneydaddy]

I sold a 100 pt add on at VWL through TSS last year and was pleased with the service. This year I sold 150 pt Boardwalk on a listing through Ebay. When listing on Ebay you arent actually taking bids. Prospective buyers will ask for more information and then may make an offer. My impression of the Ebay buyer is that they are generally unfamiliar with DVC. They did not seem to have the basic program figured out, I used the analogy for selling cars, they were "tire kickers" just spending time wishing and wondering. I dealt with it by directing them to various sites and forums (such as this one) for more information. I priced the contract competetively and had an offer at the end of 30 days, we submitted it through Timeshare closing services and it ended up getting ROFRed by Disney, right now I am just waiting for the check from Disney. From start to finish it took me 75 days.
What it boils down to is do you want to do the work or pay TSS to do it for you.

Scott

 

[JimC]

Can you sell it yourself -- yes. Do you save the commission -- yes if your time has no value. Is there anything wrong with doing it yourself -- not as long as you know what you are doing and know the market.

The reason I use a broker is that I prefer to have an intermediary. I don't want to spend my time explaining DVC or the market for contracts or the closing process or the myriad other items that they field. I also appreciate their expert counsel on questions I may have (as buyer or seller).

I selected Timeshare Store because Tom had a clean broker's license, is a BBB member with a clean record, has been in the business for many years, and sponsors this Board. I returned because of the great advice and service Pat delivered.

 

[belsam]

My Ebay purchaser had just been through the SSR tour on a recent vacation and was ready to purchase, and was checking out the resale market to see if there was any money to be saved. For us it was a win-win situation for the buyer and myself. They only live 50 miles from me, too.

 

[vascubaguy]

I guess I'm just not following you. I can see the issue of non-legitimate bidders on eBay, but what would a "deadbeat buyer" be in a real estate transaction?

The buyer submits a contract with a deposit. The deposit goes into escrow. The buyer sends the cash to close or they lose their deposit. Where does "deadbeat" come into play?

[Personally, I would list it with TTS -- if I wanted out of DVC for any reason, I wouldn't want to play around -- but I'm just curious because this particular post didn't make much sense to me, and I'm wondering what I'm missing.]

In the real estate market, the deadbeat buyer, IMO, would be the one that makes up an offer, submits that offer, negotiates and gets to the point of submitting a contract. You then wait for that to come in and it never happens. Just waisting your time. And, if you had others that were interested but moved on because you were holding out for that initial "buyer", you could have missed out on a sale. In a normal real estate transaction, that wouldn't be the case. Just to make an offer you would have to submit a deposit.

Even if the buyer sends the deposit and then backouts and forfeit the deposit, the seller is still back to having to start over with the selling process.

I probably could have used a better term than deadbeat, but I was using the ebay slang.

 

[JimMIA]

In the real estate market, the deadbeat buyer, IMO, would be the one that makes up an offer, submits that offer, negotiates and gets to the point of submitting a contract. You then wait for that to come in and it never happens. Just waisting your time. And, if you had others that were interested but moved on because you were holding out for that initial "buyer", you could have missed out on a sale. In a normal real estate transaction, that wouldn't be the case. Just to make an offer you would have to submit a deposit.

Even if the buyer sends the deposit and then backouts and forfeit the deposit, the seller is still back to having to start over with the selling process.

I probably could have used a better term than deadbeat, but I was using the ebay slang.

Okay, I see what you mean, but that assumes an incredibly naive seller - who is the ONE person who definately should NOT try to sell by themselves. Where I come from, there's no such thing as an offer without a deposit. All the stuff before that is just talk.

Negotiations don't create any obligations for either party. If I was talking to someone and received a legitimate offer from someone else, I can't imagine waiting for the original person to make up their mind! I might give them an opportunity to beat the offer I had in hand (before I accepted it), but I sure wouldn't wait for them. You snooze, you lose!

 

[WithDisneySpirit]

In the real estate market, the deadbeat buyer, IMO, would be the one that makes up an offer, submits that offer, negotiates and gets to the point of submitting a contract. You then wait for that to come in and it never happens. Just waisting your time. And, if you had others that were interested but moved on because you were holding out for that initial "buyer", you could have missed out on a sale. In a normal real estate transaction, that wouldn't be the case. Just to make an offer you would have to submit a deposit.

Even if the buyer sends the deposit and then backouts and forfeit the deposit, the seller is still back to having to start over with the selling process.

I probably could have used a better term than deadbeat, but I was using the ebay slang.

As a mortgage loan officer, I didn't have any trouble understanding this post or the previous one referring to "deadbeat buyers." Pretty self-evident to me; on these boards, we even hear about "deadbeat sellers!" Those are people who let you make an offer, pass ROFR and then, decide not to sell it