Boardwalk villa on e-bay

[vanstoj]

Someone may have already started a thread on this, but anyway. Someone is auctioning their 200 points at boardwalk villas on e-bay. The current bid is 11,000 with 7 days left. Wonder can Disney buy this back too and how the e-bay buyer will feel if Disney does exercize ROFR.

 

[we3luvdisney]

Where's the link or e-bay number?

 

[spiceycat]

disney can buy back what Disney wants - it is in the DVC contract that your signed when you brought.

 

[vanstoj]

The item no. is 2310690629. I just went in typed Disney vacation club and found it.

 

[WDWguru]

The transaction would have to go through the same closing procedures as any other private resale, so Disney would have a shot at ROFR.

 

[poj7]

Wow. Is that misleading!

 

[CarolMN]

I didn't read the ebay description, but I agree that it could be misleading if the seller doesn't tell the prospecitve bidders about Disney's ROFR. I suppose that might result in some negative feedback for the seller. But aren't there some general ebay rules/caveats that savy bidders should know before bidding on real estate auctions, anyway?? Even if Disney does exercise its ROFR, the winner only loses some of his/her time.

Assuming that the seller sets up a reserve properly, it seems to me that this could be a way for a motivated seller to easily find a buyer and avoid paying a broker/sales agent a commission on the sale. Aren't EBAY fees quite a bit less than the brokers??

Just some random thoughts.

 

[poj7]

Part of the description suggests four 5-day trips in one year for 200 pts. I think without description as to time of year and room type, it is misleading.

 

[Dean]

Like any other timeshare purchase at auction, it's buyer beware. I don't feel the seller is responsible for telling the buyer every little detail. Besides an auction of real estate is by legal definitions and by ebay rules, not a binding contract. It's only a way to get the 2 together. The listing seems pretty straightforward and far better than most DVC listings. I see we know the current high bidder.

 

[ripleysmom]

Actually if you check the information in the bidding section, ebay's terms on timeshare and real estate sales are not the same as their other auctions. Rather it says this......

"By participating, you are not entering into a contract to purchase this property. You are, however, expressing serious interest in the property and in pursuing contract discussions. Please refer to our Guidelines for non-binding auctions."

 

[JOC]

The seller must read these boards or something because they've added a couple of addendums to this auction, one of which mentions Disney's ROFR.

 

[joepoe]

I actually e-mailed the seller yesterday morning about ROFR, so maybe that was why they added it. Seller seemed very nice, and said the reserve was set at 70 a point to hopefully avoid a buy back.

 

[JOC]

$70 per point seems to be fair for this deal, since there are only 60 points left to use this year (February use year). I don't know how aggressive Disney is with their ROFR on contracts that don't have the full points left for the use year. Also, the auction doesn't mention who pays closing costs and maintenance fees. The buyer may get a good deal if the seller is paying both, but it again boils down to Disney's ROFR.