DVC Resale Broker Thread

[we"reofftoneverland]

I made an offer nine days ago on one of Bonnie's listings and haven't heard anything back after the automated response. It was a low offer. I think I'll offer again at $2 pp lower. Maybe that will illicit a response! I made an offer the next day via www.****************.com. The price was agreed, contracts signed and submitted to ROFR by last Friday i.e. in 24 hours or so. The offers made were of a similar level (the latter was $10pp higher as it had an extra year's worth of points).

Edit: I posted the broker name in the ROFR thread and it didn't grey out so I'm not sure why it did here!

I would email fidelity brokers directly. We’ve purchased a few contracts there and never used a form to submit an offer. They always responded to our emails quickly. We didn’t even realize there was a “form” until like our third purchase.

Unrelated to your situation, but…
There was one company dvcbyresale that told us we had to resubmit our offer via their “form.” Lol. I went and looked at their form—randomly restrictive and they wanted too much information for an offer IMO. It’s a dvc resale listing, not a multi million dollar beach property. No thanks.

 

[BrianLa]

I purchased a contract via Bonnie back in 2017. The process was quick and smooth from time I made offer to submitting for ROFR was only 5 days (just checked my email chains). If I remember right, I was looking at a few contracts and spoke with her ahead of time to see which sellers have been responsive and the basis for my offer. I had a horrible experience with another broker (not brokers fault totally) where seller agreed after a few days of back and forth and then wouldn't sign. The broker did not want to lose the sale so she strung me along with excuse after excuse until I pulled my offer.

 

[pianomanzano]

Unrelated to your situation, but…
There was one company dvcbyresale that told us we had to resubmit our offer via their “form.” Lol. I went and looked at their form—randomly restrictive and they wanted too much information for an offer IMO. It’s a dvc resale listing, not a multi million dollar beach property. No thanks.

That's probably because they have that stupid line at the bottom of the form stating that you "100% commit" to purchase at the terms you offered.

 

[thelionqueen]

I was shamed via text by an agent with DVCRM. I was extremely forward with my response stating I would not be buying future contracts with them and that my “lowball offer” was accepted by another company. The agent responded but I deleted it as soon as it appeared and blocked the number. The reality is they will continue to sit on contracts if they do not recognize the market has shifted. Though the ROFR monster could come back at “any” time, Disney is slumping in direct sales and will be out of the game until that changes. That means real money loss for companies who will not even present offers to sellers for negotiating.

I submitted a reasonable offer which was countered by an unrealistic cost; I declined without countering again. I had to laugh, because she (DVCRM) sent me an offer to a "similar" contract at $20 Higher than my offer and that the seller was firm on price. I had to read it again to make sure it wasn't a joke. Like, seriously? No. In fact, I got an offer accepted by another broker at a even lower price than I offered! I get that you make money on commission, but you need to be balanced in reality. Of course, those who are not as educated as Disboards members can likely be had, but please don't insult those of us who have a pulse on the market. Just sayin

 

[DVC Newb '23]

Does anyone know if Mason charges an extra fee for making a $5,000 deposit via credit card? I asked to use them so I can maximize my rewards and was told by the broker that “we will be using Magic Vacation Title” and they will allow a $5,000 deposit as well. I just got their deposit form and it states that they will assess a service fee at closing up to 3.5%, minimum $100 for deposits over $2,000!

 

[lexxus379]

Does anyone know if Mason charges an extra fee for making a $5,000 deposit via credit card? I asked to use them so I can maximize my rewards and was told by the broker that “we will be using Magic Vacation Title” and they will allow a $5,000 deposit as well. I just got their deposit form and it states that they will assess a service fee at closing up to 3.5%, minimum $100 for deposits over $2,000!

They do not charge a fee to use cc. Buyer or seller if they pay closing gets to choose title company not broker.

 

[disney-inspired]

Does anyone know if Mason charges an extra fee for making a $5,000 deposit via credit card? I asked to use them so I can maximize my rewards and was told by the broker that “we will be using Magic Vacation Title” and they will allow a $5,000 deposit as well. I just got their deposit form and it states that they will assess a service fee at closing up to 3.5%, minimum $100 for deposits over $2,000!

Mason doesn't charge a fee to put the full $5,000 on a credit card. I disliked that item about *** too.

 

[Jimmy Geppetto]

That's probably because they have that stupid line at the bottom of the form stating that you "100% commit" to purchase at the terms you offered.

Which is not binding whatsoever. In fact that line is against FL law.

 

[DVC Newb '23]

They do not charge a fee to use cc. Buyer gets to choose title company not broker.

After our offer was accepted I told the broker I’d like to use Mason and she said “we usually use Magic Vacation Title.” I explained I was open to using them, but the $5,000 credit card deposit was the deciding factor for me. She called Magic for me and said they would allow a $5,000 deposit as well but said nothing about the extra fee. If she worked something out and they aren’t charging me that extra fee, I’ll need it in writing before I give them anything but I’m honestly just feeling misled right now.

 

[disney-inspired]

After our offer was accepted I told the broker I’d like to use Mason and she said “we usually use Magic Vacation Title.” I explained I was open to using them, but the $5,000 credit card deposit was the deciding factor for me. She called Magic for me and said they would allow a $5,000 deposit as well but said nothing about the extra fee. If she worked something out and they aren’t charging me that extra fee, I’ll need it in writing before I give them anything but I’m honestly just feeling misled right now.

You have the right to shop around so stick to your guns and ask for Mason.

 

[lexxus379]

After our offer was accepted I told the broker I’d like to use Mason and she said “we usually use Magic Vacation Title.” I explained I was open to using them, but the $5,000 credit card deposit was the deciding factor for me. She called Magic for me and said they would allow a $5,000 deposit as well but said nothing about the extra fee. If she worked something out and they aren’t charging me that extra fee, I’ll need it in writing before I give them anything but I’m honestly just feeling misled right now.

I would push back and insist on Mason unless you are comfortable using Magic and then waiving fees.

 

[Electron_si]

Be prepared to wait about 30 days for closing docs through https://magicvacationtitle.com/

Overall experience was fine, no errors on documents but the timeline was much slower than Mason and there are others that had the same timeline as me.

I read somewhere that Magic is owned by DVC resale market which is why they push all contracts through Magic.

 

[disney-inspired]

Be prepared to wait about 30 days for closing docs through https://magicvacationtitle.com/

Overall experience was fine, no errors on documents but the timeline was much slower than Mason and there are others that had the same timeline as me.

I read somewhere that Magic is owned by DVC resale market which is why they push all contracts through Magic.

Yes, mine did take more than 30 days and thankfully was error-free.

I'm currently working on my second contract, this time going through Mason Title and they have so far sent me two sets of closing docs that are incorrect. Hoping third time will be correct.
So definitely double check the paperwork.

 

[we"reofftoneverland]

Which is not binding whatsoever. In fact that line is against FL law.

That's probably because they have that stupid line at the bottom of the form stating that you "100% commit" to purchase at the terms you offered.

That’s good to know about Florida law. This was before covid, so a while ago. I don’t even remember what was on the form but it just turned me off. We had never been forced to submit a form with any other broker to make an offer. I have no problem filling out forms but it seemed very random and restrictive and intrusive all at the same time. I’m pretty sure we were offering pretty much full because it was a small HH contract. It’s fidelity we usually low ball lol. That’s why we’ve bought so many through them— they are not hands on but I like that they are laid back.

 

[malvin25]

Mason doesn't charge a fee to put the full $5,000 on a credit card. I disliked that item about *** too.

Should have asked this myself. I had read somewhere about higher fees with increased cc deposit amounts. I didn’t realize it depended on the title company so I did the minimum $1500 deposit with Mason…oh well.

 

[HyperspaceMountainPilot]

I’m just bummed to realize I could have put up to 5k on cc (we did 1k by default)—so many wasted credit card points.

 

[DVC Newb '23]

I decided to email the person that helped close my previous contract at Mason to ask if they have any fees and got even better news than I expected! He said:

We do not charge any fees on the first $7500 charge. Anything over that amount is 3%.

So it appears $5,000 isn't the max after all and if you exceed their "limit" it's only a 3% charge vs. the 3.5% quoted by Magic. We'll definitely stay under $7,500 but it's still good information to have!

 

[supa20001]

DVC store told me no fee for $7500 at Mason. I had a brain fart and only put 7000 on it

 

[Traveling on cc points]

I decided to email the person that helped close my previous contract at Mason to ask if they have any fees and got even better news than I expected! He said:

We do not charge any fees on the first $7500 charge. Anything over that amount is 3%.

So it appears $5,000 isn't the max after all and if you exceed their "limit" it's only a 3% charge vs. the 3.5% quoted by Magic. We'll definitely stay under $7,500 but it's still good information to have!

2 weeks ago, I asked to put the max deposit on the deposit and they sent the paperwork with $5,000. I will have to ask if I can pay an additional $2,500 and wire the rest.

 

[malvin25]

I’m just bummed to realize I could have put up to 5k on cc (we did 1k by default)—so many wasted credit card points.

Yeah, oops. Although on my Amex that I put it on is only triple points, it didn’t fall under travel for like 7x I think I usually get.