DVC Broker Fees - Various Fees

[TinkAgainU]

I realize the commissions (for Seller's) vary from Broker to Broker - but I recall noting some Brokers have higher prices that are not as upfront as the simple commission rate - like www.fidelityrealestate.com adding service fee of $175, just on the Buyer-side. Or www.dvcresalemarket.com somewhat pushing for their (what I thought was higher priced) in-house Escrow.
As a Seller (replacing one DVC contract with another DVC contract) I'm trying to avoid Brokers who "tack on" additional fees for either the Buyer or Seller.

My understanding is "traditionally" 1) Seller pays commission and about $170 to DVC, 2) Buyer pays closing costs (Escrow chosen by Buyer, prices vary by Escrow and size of sale), and 3) annual fees are adjusted between the parties, based on what points are still available.

Are there other tacked on fees by Brokers for Sellers or Buyers to be aware of?
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[TheDailyMoo]

I'm very familiar with Fidelity and yes that fee is annoying but I think they more than make up for it (in my opinion from my own experiences) by having much better listed prices on average. On a 150 point contract that fee adds a little over a buck pp but I'm probably getting that contract for many dollars cheaper. Again just my experience purchasing from Fidelity.

 

[Jimmy Geppetto]

I realize the commissions (for Seller's) vary from Broker to Broker - but I recall noting some Brokers have higher prices that are not as upfront as the simple commission rate - like www.fidelityrealestate.com adding service fee of $175, just on the Buyer-side. Or www.dvcresalemarket.com somewhat pushing for their (what I thought was higher priced) in-house Escrow.
As a Seller (replacing one DVC contract with another DVC contract) I'm trying to avoid Brokers who "tack on" additional fees for either the Buyer or Seller.

My understanding is "traditionally" 1) Seller pays commission and about $170 to DVC, 2) Buyer pays closing costs (Escrow chosen by Buyer, prices vary by Escrow and size of sale), and 3) annual fees are adjusted between the parties, based on what points are still available.

Are there other tacked on fees by Brokers for Sellers or Buyers to be aware of?
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Fidelity service fee is $225 now.

There is also a belief that some title companies pay the broker a referral fee, meaning the closing costs are somewhat inflated. To avoid this, contact the title company first to get a quote.

 

[aceshigh73]

I realize the commissions (for Seller's) vary from Broker to Broker - but I recall noting some Brokers have higher prices that are not as upfront as the simple commission rate - like www.fidelityrealestate.com adding service fee of $175, just on the Buyer-side. Or www.dvcresalemarket.com somewhat pushing for their (what I thought was higher priced) in-house Escrow.
As a Seller (replacing one DVC contract with another DVC contract) I'm trying to avoid Brokers who "tack on" additional fees for either the Buyer or Seller.

My understanding is "traditionally" 1) Seller pays commission and about $170 to DVC, 2) Buyer pays closing costs (Escrow chosen by Buyer, prices vary by Escrow and size of sale), and 3) annual fees are adjusted between the parties, based on what points are still available.

Are there other tacked on fees by Brokers for Sellers or Buyers to be aware of?
.
.

You can almost guarantee that if its a "World of DVC" company, you will pay more. Im not saying they have bad service, on the contrary, their service is quite good. But you pay for it. Communication is good, but how many emails and different people do i need to hear from about the status (or lack there of) of my RoFR. ?
Unless they have my "unicorn contract", the odds of me putting in another offer for a contract with them will be small as they have inflated pricing (IMHO). Again, nothing against them personally....

 

[Sandisw]

I have used several brokers to sell my contracts and to be honest, I paid very similar costs each time as the seller. To be fair, I have never used https://www.fidelityrealestate.com/brand/disney-vacation-club/.

A few times, the contract I wanted to buy was at the same broker that I was listing my contract and did ask for, and received, a small discount off the commission (like .5%) since I was doing both...of course, other times, what I wanted to buy was someplace else.

I honestly think most of the typical fees will even out...but, as already mentioned, not all title companies charge the same, so if you are going to be the one covering closing costs (sometimes, the seller does...I bought a few this way)...then it would be good to check out the different ones out there.

 

[HyperspaceMountainPilot]

A few times, the contract I wanted to buy was at the same broker that I was listing my contract and did ask for, and received, a small discount off the commission (like .5%) since I was doing both...of course, other times, what I wanted to buy was someplace else.

Wow, I hadn’t thought about this, but the main impetus for eventually selling some of my resale points would be to buy different resale points—so it makes perfect sense to ask for a concession if you can do both with the same broker. I love it. However, my guess is that most brokers aren’t hurting for listings these days, so it may give you less leverage than it otherwise would in a tighter market.

 

[TinkAgainU]

I'm very familiar with Fidelity and yes that fee is annoying but I think they more than make up for it (in my opinion from my own experiences) by having much better listed prices on average. On a 150 point contract that fee adds a little over a buck pp but I'm probably getting that contract for many dollars cheaper. Again just my experience purchasing from Fidelity.

www.fidelityrealestate.com also has an interesting line in their contract (last time I checked) which said if the Buyer defaults they lose both their 10% (or whatever was agreed) deposit PLUS they owe the full Seller's commission to the Brokerage. That is a huge penalty you'd want to be aware of. Obviously, important to Not assume all contracts are the same - each Brokerage creates their own and it's generally designed to be to Their benefit not the Seller/Buyer.

 

[DonMacGregor]

www.fidelityrealestate.com also has an interesting line in their contract (last time I checked) which said if the Buyer defaults they lose both their 10% (or whatever was agreed) deposit PLUS they owe the full Seller's commission to the Brokerage. That is a huge penalty you'd want to be aware of. Obviously, important to Not assume all contracts are the same - each Brokerage creates their own and it's generally designed to be to Their benefit not the Seller/Buyer.

Yeah, that would be a whole ton of "come and get me" from me.

 

[intamin]

You can almost guarantee that if its a "World of DVC" company, you will pay more. Im not saying they have bad service, on the contrary, their service is quite good. But you pay for it. Communication is good, but how many emails and different people do i need to hear from about the status (or lack there of) of my RoFR. ?
Unless they have my "unicorn contract", the odds of me putting in another offer for a contract with them will be small as they have inflated pricing (IMHO). Again, nothing against them personally....

Agreed. I’m glad the contract I did buy with them was my sub AUL which are hard to find but basically anything else you can pretty much find a cheaper contract elsewhere. Their stripped contract prices are often on par with what a loaded/nonstripped contract costs elsewhere. Love the content they put out and have had nothing but positive experiences with them but there are a lot of other options who can do the job equally as well and save a few grand or will come with loaded points as a result.