Dues on banked points - resale contract

[disneylandtour]

It’s definitely their fault, but they are just sales people that are trying to get the most out of a sale, or even if they weren’t, the seller wants more than it is worth, possibly regardless of what the broker says to them about the value… no?

The broker needs to make sure a listing is clear and accurate. And if things like this show up later, it’s also their job to say, No, that’s not how this is done.

 

[disneylandtour]

Honestly, regardless if this was a good deal or not, I’d be so irritated by what I see as a bait and switch, I’d just walk. But maybe that’s just me.

 

[Sandisw]

In thinking about this—I think it’s the broker’s fault. So a person with one contract who then wants to sell may have no idea as to what is usual and expected. I think nearly all of us here would assume that for a contract that closes in 2025 you wouldn’t pay 2024 MF for banked points, unless that was clear in the listing. Also, nearly all of us here would’ve heavily factored that into the overall offer. So I get that some seller with one contract who no longer goes to Disney might not understand that—but 100% the broker should have.

Why are you assuming that the broker didn’t give the seller this info?

Brokers will give you guidance but ultimately it’s up to each seller to decide how they want it listed.

 

[disneylandtour]

Why are you assuming that the broker didn’t give the seller this info?

Brokers will give you guidance but ultimately it’s up to each seller to decide how they want it listed.

The broker is responsible for their site. The broker finalizes and posts the listing. These aren’t classified ads, they’re broker listings with an established business. That is their job. If this was a do-it-yourself Red Week or Facebook listing, that would be different.

 

[Sandisw]

The broker is responsible for their site. The broker finalizes and posts the listing. These aren’t classified ads, they’re broker listings with an established business. That is their job. If this was a do-it-yourself Red Week or Facebook listing, that would be different.

Unless I misunderstood, it sounded like the listing indicated buyer would pay dues and the OP wanted to know thoughts on being asked to pay for both 2024 and 2025 dues.

So, if that is what a seller wanted, then that’s what they wanted.

It’s why every thing is negotiatable in resale.

 

[disneylandtour]

Unless I misunderstood, it sounded like the listing indicated buyer would pay dues and the OP wanted to know thoughts on being asked to pay for both 2024 and 2025 dues.

So, if that is what a seller wanted, then that’s what they wanted.

It’s why every thing is negotiatable in resale.

For a contract that closes in 2025, the unusual expectation of double MF, including for a calendar year that will be over long before the contract closes, should’ve been clearly stated in the listing. A broker should know what is usual and expected. This would be similar to a seller wanting a buyer to pay the estoppel fee. Sure, it’s possible, but within the usual and expected language of a broker listing, no one expects that, unless it’s spelled out clearly.

 

[Chili327]

Honestly, regardless if this was a good deal or not, I’d be so irritated by what I see as a bait and switch, I’d just walk. But maybe that’s just me.

I feel like you have some other info that we don’t? lol
What is the bait and switch?
They are getting 2024 points banked into their 2025 Aug UY, why would paying dues for those points be so horrendous and underhanded?

 

[VandVsmama]

If the seller refuses to budge on the 2024 dues, I'd make a lower per-point offer that would factor in the added cost of the 2024 dues...thus making the "all in out the door" cost to be equivalent to if you did NOT have to pay the 2024 dues.

 

[macman123]

Unless I misunderstood, it sounded like the listing indicated buyer would pay dues and the OP wanted to know thoughts on being asked to pay for both 2024 and 2025 dues.

So, if that is what a seller wanted, then that’s what they wanted.

It’s why every thing is negotiatable in resale.

To be clear there was no reference on the site re dyes

It was when I put an offer in that 24/25 dues were mentioned. My offer originally was to pay 25 dues

 

[Genie+]

I’ve assumed this must be a pretty good deal $pp. I think it wasn’t wise for the seller to expect 2024’s dues reimbursed this late in the year. If they don’t accept lower $pp, try trimming down those 2024 dues. Might be the easiest part of the deal to get them to ‘see the light’. The 2024 points are now locked for use from Aug 1 2025 to July 31 2026, and they want you to pay dues starting from January 1 2024? They should’ve sold the contract in early 2024 if they wanted those dues paid. It is not a fully loaded contract. I’d remind them they controlled the contract through ALL of 2024 and the most I could offer is 4 months repaid to get the deal done.

Of course… if you really wanted it and that math still worked for you.

 

[VandVsmama]

To be clear there was no reference on the site re dyes

It was when I put an offer in that 24/25 dues were mentioned. My offer originally was to pay 25 dues

Then stick to your guns. Don’t offer to pay for any of the 2024 dues.

 

[disneylandtour]

I feel like you have some other info that we don’t? lol
What is the bait and switch?
They are getting 2024 points banked into their 2025 Aug UY, why would paying dues for those points be so horrendous and underhanded?

LOL. If only I had insider info.

From what I can tell , timeshare communities are micro climates. Maybe some other other timeshare community--say, Marriott--has the tradition of having buyers pay MF for banked points. From as long as I've been here, the DVC tradition has been to factor the banked point value into the per point for the contract up front. Any broker who's been doing this for more than a week should have known this and that what the seller was trying to do was outside the way nearly all prospective buyers would read the listed details.

Again, probably enough ink has been wasted on this. Probably just time to move on.

 

[sethschroeder]

Anyone not getting paid on their banked points is a clueless seller.

Once sold a contract and the broker gave me a hard time about wanting extra for the points on the contract so I stripped it by transferring it to another contract.

Sellers typically are clueless as well with a stripped contract not going for much less than a loaded one I found in the past.

 

[Jimmy Geppetto]

Anyone not getting paid on their banked points is a clueless seller.

Once sold a contract and the broker gave me a hard time about wanting extra for the points on the contract so I stripped it by transferring it to another contract.

Sellers typically are clueless as well with a stripped contract not going for much less than a loaded one I found in the past.

This. Well said!

 

[KAT4DISNEY]

Did they accept the offer where they pay closing costs? Ultimately it is about the overall price. At least it's an August UY and not Feb-April that they are asking for dues reimbursement but yes, I've run into this once or twice.

 

[sethschroeder]

Ultimately it is about the overall price.

This is what I worry about on the buyer side nothing else.

They can divide up the money all they want.

As a seller getting MFs back is just a good way to pad the total contract value when you sell.

 

[Sandisw]

For a contract that closes in 2025, the unusual expectation of double MF, including for a calendar year that will be over long before the contract closes, should’ve been clearly stated in the listing. A broker should know what is usual and expected. This would be similar to a seller wanting a buyer to pay the estoppel fee. Sure, it’s possible, but within the usual and expected language of a broker listing, no one expects that, unless it’s spelled out clearly.

Since the site doesn’t list anything regarding dues for their contracts. not sure it’s an issue.

That’s why it’s all negotiated.