Considering purchasing resale via eBay

[dcpkiddo]

And I'm a little confused. I understand that the going rate for DVC from Disney is upwards of five figures, however the listing I'm considering on eBay seems crazy low. The seller is selling a 150 point share at WL, that starts in 2017. States that all we have to pay are auction costs (whatever the bidding gets up to), a resort transfer fee and a closing cost.

Am I missing something? I know there are yearly maintenance fees that we would have to pay (he lists the price in the auction), I just feel like it's *too* good to be true.

Any advice, or anything I should ask him before bidding? Are there any other fees or costs we would have to pay to Disney when redeeming the points that he's not telling us?

Thanks in advance!

 

[Wobbley]

Don't... Most ebay listings are scams.. If it's to good to be true it's because it is...

 

[disneynutz]

Seems to good to be true, it probably is.

Bill

 

[supersnoop]

I imagine it's legit. It's an auction. Sure, it's at $5 now, but I suspect it will get up over $12,000 before it closes.

One caveat; he's wrong on the maintenance fee due date. Maintenance fees are due based on the calendar year (due by Feb. 14th of each year), not based on the use year.

And, be aware that the process is the same for all resale transactions. The contract must be submitted to Disney for their Right of First Refusal. So, it the deal is too good, Disney will likely step in and buy it out from under you.

 

[msjprincess]

If you Google the username it appears as though they are a timeshare reseller and there are a few complaints.

 

[npmadsen]

I do not know what eBay entry you are looking at
I bought a hgvc timeshare on eBay but it was a set price all went well
It was a great deal
Now I am waiting for a dvc contract to pass rofr
It will come to your due diligence regarding the eBay seller

 

[sndral]

I don't remember paying a resort transfer fee when I bought my resale contract from a broker - what is that?

 

[Dean]

I would consider it but you still have to go through ROFR so if it's too low you won't get it anyway. I do ebay a fair amount and have bought several timeshares there. But for DVC I doubt you'll save enough to justify the risk and hassle. Either you'll lose it to ROFR or you'll pay comparable to market pricing. If you get it low enough and do your due diligence, it might be worth the risk and aggravation for some but I doubt it would be more most people.

 

[msjprincess]

The bidding price is now way over the going rate. It's actually more than buying PVB direct.

 

[supersnoop]

The bidding price is now way over the going rate. It's actually more than buying PVB direct.

It's not a per-point price. The bidding should get closer to $12,000.

 

[msjprincess]

It's not a per-point price. The bidding should get closer to $12,000.

I know, I just back to edit my post. Brain fart.

 

[pmaurer74]

I would be very concerned. I have been tempted by those before but there is no protection for you. If it is too low it will not pass ROFR.

 

[kniquy]

Out of curiosity I contacted the seller to see how the buying process is handled. It sounds like they make you pay upfront the total amount, so I questioned what happens if Disney exercises its ROFR and they stated that in the number of years they have been doing this that Disney has never taken on back from them. With an hour left the listing is at $6600. I can't imagine that Disney wouldn't take it back at that price. I wish I had the extra $$ because I would bid on it.

 

[JimMIA]

Out of curiosity I contacted the seller to see how the buying process is handled. It sounds like they make you pay upfront the total amount, so I questioned what happens if Disney exercises its ROFR and they stated that in the number of years they have been doing this that Disney has never taken on back from them. With an hour left the listing is at $6600. I can't imagine that Disney wouldn't take it back at that price. I wish I had the extra $$ because I would bid on it.

With an hour left, the bidding hasn't really started yet.

I've bought other timeshares on eBay, and the venue itself doesn't scare me, but for DVC I would avoid auctions (which are most likely to either WAY overcharge or get ROFR'd). I'd use one of the reputable resellers who specialize in DVC and expect to pay a fair price that won't get ROFR'd.

 

[msjprincess]

From what I've read they seem to use different company names and have a lot of complaints. No way would I send them any money upfront.

 

[SleighBelle]

After my experience, I would not buy DVC from any company besides the ones listed here on the site. I thought I was getting a great deal by a 'non-listed' timeshare reseller and it has been horribly frustrating. Both the seller and I had signed contracts on Dec 21 and I am still not in ROFR. Based on other posters' details, ROFR is usually 1-10 days. Not 97!

Don't do it!

 

[kniquy]

Well it went for $9101 = about $60 pp. I can't imagine that Disney wouldn't take that back

 

[jmmess]

After my experience, I would not buy DVC from any company besides the ones listed here on the site. I thought I was getting a great deal by a 'non-listed' timeshare reseller and it has been horribly frustrating. Both the seller and I had signed contracts on Dec 21 and I am still not in ROFR. Based on other posters' details, ROFR is usually 1-10 days. Not 97!

Don't do it!

ROFR is up to 30 days not usually before 10, but definitely no where near 97. Are you sure Disney has it?

 

[CraigInPA]

Don't waste your time with jqtravel on ebay.

I had the misfortune to win a WLV auction from jqtravel at $7500 for 160 points a few months back. That was the highlight of the adventure I was about to embark upon. I asked for their agreement of sale. I got back an agreement of sale that could have been for furniture. They wanted 100% up front, but there was nothing in the contract that stated who would be holding the escrow. They wanted us to send the money to a post office box "because USPS doesn't deliver to our office suite". They admitted they were brokering the points, yet they were listed as the seller. They wouldn't give us the name of the seller, nor the actual deed information to allow to check to see if the timeshare actually existed. The contract failed to include any of the standard disclosures required by law. When my wife, an attorney, offered to provide them an agreement of sale that met the requirements of the state of Tennessee (where jqtravel is located), we were told that the agreement they provided us was from their attorney and we have to use it. When we asked to speak to their attorney about the contract, they told us that they didn't want to sell to us, because we were "rude". As a result of this, I called the state of Tennessee and asked if JQ Travel was registered as a broker. No. Their state licensing department was quite interested when I told them that these people had sold 60 timeshare sales in a year, and had me issue a formal complaint so that they could prosecute JQ Travel for operating an un-licensed brokerage, for failing to provide the necessary disclosures, and for not having an actual physical address listed. Their website is a single page that lists their toll free number and their email address. Their domain is registered by a web development company.

I asked, before I bid, how often Disney ROFR'd their sales, and they said "It has been years since Disney took one.". Had I read their feedback, I would have known, then, that these are not honorable people. In reviewing their feedback, it seems like they are "selling" these DVC timeshares, getting all the money up front, and then telling people 3-4 months later that Disney exercised their ROFR. Whether they even had the timeshares to sell, whether they submitted to Disney, and whether Disney actually did exercise their ROFR, is all open to question. These folks may just be financing their business by getting 3-4 month no interest loans from people who *thought* they were getting a deal on ebay.

STAY AWAY.

Craig

 

[MouseOfCards]

Don't waste your time with jqtravel on ebay.

I had the misfortune to win a WLV auction from jqtravel at $7500 for 160 points a few months back. That was the highlight of the adventure I was about to embark upon. I asked for their agreement of sale. I got back an agreement of sale that could have been for furniture. They wanted 100% up front, but there was nothing in the contract that stated who would be holding the escrow. They wanted us to send the money to a post office box "because USPS doesn't deliver to our office suite". They admitted they were brokering the points, yet they were listed as the seller. They wouldn't give us the name of the seller, nor the actual deed information to allow to check to see if the timeshare actually existed. The contract failed to include any of the standard disclosures required by law. When my wife, an attorney, offered to provide them an agreement of sale that met the requirements of the state of Tennessee (where jqtravel is located), we were told that the agreement they provided us was from their attorney and we have to use it. When we asked to speak to their attorney about the contract, they told us that they didn't want to sell to us, because we were "rude". As a result of this, I called the state of Tennessee and asked if JQ Travel was registered as a broker. No. Their state licensing department was quite interested when I told them that these people had sold 60 timeshare sales in a year, and had me issue a formal complaint so that they could prosecute JQ Travel for operating an un-licensed brokerage, for failing to provide the necessary disclosures, and for not having an actual physical address listed. Their website is a single page that lists their toll free number and their email address. Their domain is registered by a web development company.

I asked, before I bid, how often Disney ROFR'd their sales, and they said "It has been years since Disney took one.". Had I read their feedback, I would have known, then, that these are not honorable people. In reviewing their feedback, it seems like they are "selling" these DVC timeshares, getting all the money up front, and then telling people 3-4 months later that Disney exercised their ROFR. Whether they even had the timeshares to sell, whether they submitted to Disney, and whether Disney actually did exercise their ROFR, is all open to question. These folks may just be financing their business by getting 3-4 month no interest loans from people who *thought* they were getting a deal on ebay.

STAY AWAY.

Craig

Thank you for sharing your experience! We've also been tempted to bid for DVC on Ebay, but the potential risks were just too great to overcome for us, and the likelihood that the low prices would not pass ROFR. (Even though their Ebay ratings seem mostly positive.)