Broker charges for resale

[jt2323]

Most of the brokers want to charge a 10% fee to the seller for a DVC resale. Is there a less expensive broker out there who has good references?

 

[wdwendyd]

I don't know if you would be up for this but you can sell it yourself at TUG (timeshares users group) We bought from someone this way and all went smoothly. We used a Title Company and wrote up a contract (based on our past purchases) Check out their classifieds for Orlando area and see what you think.
http://www.tug1.org/tugads/0-1sposted1.html They also have a "Want to Buy" section where requests for DVC come up quite often.
http://www.tug2.net/ads/buyads.html
If you decide to go this route, feel free to contact me for help.
Good luck and I am sorry that you have to sell.

 

[Shontell_Crawford]

I think everyone will agree both The Timeshare Store and A Timeshare Broker will do a good job.
I helped open The Timeshare Store, started on my own almost a year ago, but what separates me from them is a lower commission. I guarantee my commission to be the lowest. Please give me a call if I can help. I'll be happy to provide references and you can check me out here on the boards as well.

Hope to hear from you!

Kind regards,
Shontell Crawford
DVC By Resale
info@timesharesbyresale.com
1-800-844-4099
http://www.DVCByResale.com

 

[nuthut]

Shontell, what is your commission vs. the timeshare store? Don't they charge 15%?

 

[Shontell_Crawford]

Hi nuthut,

I can't post a commission in writing on a board due to the fact that their's or mine could change any day. You could give both of us a call to compare if you would like. Sorry! I can only say I GUARANTEE to beat anyone's.

Best regards,
Shontell

 

[jt2323]

Did I hear that right? The major DVC brokers charge 15% to handle a sale? If I sold my 300 points at BWV for only $70 a point that would cost me over $3100. Seems a bit steep to me. Any other options to consider? I don't mind paying a fair %, but I would imagine buyers are not that too hard to find.

 

[missyndda]

Wow, that percentage does seem high considering that commission on residential is generally 7-10%.

 

[we3luvdisney]

Originally posted by Shontell_Crawford
I can only say I GUARANTEE to beat anyone's.

Even someone that is selling on the Timeshare User Group (TUG)?

 

[we3luvdisney]

Originally posted by missyndda
Wow, that percentage does seem high considering that commission on residential is generally 7-10%.

I agree, the commission for a residential listing in our area is 7%. It's not like they have to get in their car, drive potential clients to the different timeshares and buy them lunch.

 

[we3luvdisney]

Originally posted by jt2323
Did I hear that right? The major DVC brokers charge 15% to handle a sale? If I sold my 300 points at BWV for only $70 a point that would cost me over $3100. Seems a bit steep to me. Any other options to consider? I don't mind paying a fair %, but I would imagine buyers are not that too hard to find.

What is really amazing is if you do the total math. If you made the original purchase at $64.00/point, your total would have been $19,200. If you sell at $70.00/point you would make $21,000. However, after subtracting the 15% commission ($3,150), you would lose $1,350.

Remember what they say, "You have 40 years of Disney vacations." That's if you purchased a contract when they first started to sell them.

 

[Gary K. D.]

I tried to buy a contract from someone who was quoted a figure of $4.00 per point. I don't know how true that is but it would seem reasonable. They backed off of my offer because they thought that by going through a broker they would avoid the Title Company. ??????? I have dealt with the Title company directly who will do the whole deal for a minimum of $375 plus a small percentage. On a $20,000 Purchase, the fee came to $585, 0r about $2.20 per point. BTW Disney is Doing a $10.00 MB at the Be ach Club and Wilderness and $15.00 at Vero and HH.

 

[Dean]

Most brokers have a minimum and a percentage and it's the higher of the two. I have seen exceptions. The usual costs are somewhere between $1000-1500 min and 12-15%. I have seen a couple at flat fees as low as $795 but that number could have changed and it likely has. One could try to sell on TUG or any one of a number of free listing sites or try to auction on ebay or one of the other appropriate sites.

 

[Richyams]

No, when they started selling, the end of 1991, you had fifty years. 2042

Wow, that percentage does seem high considering that commission on residential is generally 7-10%

Never hear of 10%, I have never heard of 8%. Sold my $200,000 in NY for 5% commission. Down here in South Florida, 6% seems to be the going rate.

 

[Shontell_Crawford]

TUG is not a Broker, weluvdisney, so I don't consider them an alternative. They are charging you for ad space on their website.

As for commissions, consider this:
Marriott charges 25% to resell their properties
Fairfield charges 30%
Hilton (I think) charges 25%

Most resellers charge 25%, but Disney has become the exception, and 10-15% is actually low for timeshare resales.

Why, you might ask?
We are all Lic. Real Estate Brokers....we all go to the same schools, pay the same fees and have the same education as Residential or Commercial Brokers.
I could be selling $100,000 homes and making $6,000 (6%) on each sale.
I could be selling $1 million commercial buildings and making $60,000 on each.

As a Timeshare Resale Broker, I would have to sell 6 properties to equal one house at 6% (assuming $1,000 on each which is NOT always the case).
Am I a millionaire? Not even close.
But I enjoy what I do and I love the people I work with.....that's the bottom line for me.

Hope this helps a little.

All the best,
Shontell

http://www.DVCByResale.com

 

[we3luvdisney]

Originally posted by Richyams
Never hear of 10%, I have never heard of 8%. Sold my $200,000 in NY for 5% commission. Down here in South Florida, 6% seems to be the going rate.

I sold two homes in Arizona and the commission was 7% for each home. I purchased a home in North Carolina and the commission was 6%. I don't see how the timeshare brokers can charge such a high rate? Then again, why lower your rate when they are getting 10%+. I just hope anyone that wants to buy, also looks at DVC directly and www.tug2.com

 

[JohnnyII]

I find that % high for Disney time shares also. Especially when DVC basically sells itself. I suppose they may do more advertising than I know about, but from what I have seen the majpr players, Timeshare Store, etc...just post them on a web site and wait for potential buyers to contact them.

Not a bad job, where do I sign up??

John

 

[we3luvdisney]

Originally posted by Shontell_Crawford
TUG is not a Broker, weluvdisney, so I don't consider them an alternative. They are charging you for ad space on their website.

As for commissions, consider this:
Marriott charges 25% to resell their properties
Fairfield charges 30%
Hilton (I think) charges 25%

What happened to, "I can't post a commission in writing on a board due to the fact that their's or mine could change any day."

I know that TUG is not a broker, and I don't expect you to do your job for free ---- but 10%?

Most resellers charge 25%, but Disney has become the exception, and 10-15% is actually low for timeshare resales.

If 10-15% is actually low, is the going rate 25%? I agree that you can make more money selling one home ($100,000), compared to selling one timeshare. But what if that one timeshare had 1500 points? Based on the going rate ($70) you would receive a fee of $10,500 (10% commission), which is ~$4,000 more than if you sold that one house at 6%. I know this is not the norm and you do have to sell more timeshares to match the "home seller." However, 6% is 6% and 10% is 10%. Whether you sell a timeshare at 10% and the "home seller" sells his listing at 6%, you are higher by 4%.

The only rationale that I see for the greater percentage rate is that your commission amount is much lower than a "home seller." So, to offsite this you charge a higher rate. Do I think this is right --- no. Can I make any changes to the system --- no. But this is America, a free society, if people are willing to pay for it then these services can be charged at a higher rate. However, if the public decides that the resale commission rates are excessive and start buying from www.tug2.com I can predict that the timeshare commission rates will be reduced.

But I enjoy what I do and I love the people I work with.....that's the bottom line for me.

I'm happy that you enjoy your work, there are few people that can say that. Like you, I love my work --- better drugs for a better world. No, I'm not a drug dealer, but work in the pharmaceutical field.

 

[Dean]

Originally posted by we3luvdisney
I sold two homes in Arizona and the commission was 7% for each home. I purchased a home in North Carolina and the commission was 6%. I don't see how the timeshare brokers can charge such a high rate? Then again, why lower your rate when they are getting 10%+. I just hope anyone that wants to buy, also looks at DVC directly and www.tug2.com

10% of a small price is still not that much money. Realize that brokers sell timeshares, not just DVC and that DVC is not the typical timeshare. I'd guess the average selling price is around $4000-5000 for each sale and that includes averaging in DVC. Also realize that outside DVC, most timeshares listed are never sold. If you gave $15000 for a timeshare week and all you can get is $4000 with a $1000 commission, how would you feel. I feel that the fees for DVC we are discussing are actually more reasonable than even 6% on the sale of a house. Of course on most house sales, the commissions end up being split between 2 or more parties many times from different companies.

Personally I'm just happy there are reputable companies out there that charge what I consider a reasonable price and yes I consider 15% with a min of $1500 somewhat reasonable. There are so many scam companies out there that charge an upfront fee and then put no effort into the sales portion. If you give them $399 or whatever and then they don't even try to sell it for you, you did not get a bargain. Obviously an individual should look around and do what's best for them and that may include selling themselves or shopping for the cheapest deal. Is it worth it for $500-1500 difference, it depends on the package and individual.

Shontell posted standard and set fees at major resale companies also sell new timeshares but also resell their own brand and that have not changed their fees in many years that I'm aware of. These companies for the most part also set the sale price. They are published on the net routinely and available to anyone. They are also non negotiable it appears. I would see that different than posting Joe Blow charges $1000 or 12% whichever is greater. And since these companies would not sell DVC, I think it is in keeping with the principles she stated earlier.

 

[Dean]

I'm happy that you enjoy your work, there are few people that can say that. Like you, I love my work --- better drugs for a better world. No, I'm not a drug dealer, but work in the pharmaceutical field. [/B]

LOL. Now there's an above board industry with special deals, lavish gifts, kickbacks and the likes. I realize the liability and extreme costs in the drug manufacturing sector but when I see 8-10 drug reps in one area for one company, many promoting the same drug, I know that something is wrong with the system. I though maybe you were important like a timeshare sales rep or a used care salesperson. LOL. Just pulling your chain.

 

[Doctor P]

ROFLMBO! You are BAD , Dean. Thanks for making my day!