DVC Resale Broker Thread

[pianomanzano]

Does anyone know why the closing costs are so much higher on DVCRM? I’m noticing that the closing costs are around $200 higher on DVCRM for the exact same contract than they are on 2 other reputable broker sites. I’m slightly frustrated.

One of their businesses in their conglomerate is the title company that DVCRM uses. Probably a way to increase profits since closing costs is an afterthought for most people who are fixated on a lower price per point? But that's just pure speculation.

 

[DeltaDVC]

One of their businesses in their conglomerate is the title company that DVCRM uses. Probably a way to increase profits since closing costs is an afterthought for most people who are fixated on a lower price per point? But that's just pure speculation.

Interesting..

 

[lorie13]

I watched the video and did have some personally observations.
First I did not like them referring to low accepted offers as untrue or unicorns, their comment of a friend of a friend of a friend was degrading and totally discrediting people who list their deals in this forum. Those offers can be proven just by checking the Orange County Comp Controllers Website after the contract close, they are not made up or untrue.
Telling potential buyers they can rent extra points from a loaded contract like this was easy. If those points are within a month or two of their expiration chances are it will be difficult to find availability. A seasoned DVC renter knows that, a new person may not. I did notice the two contracts they talk about as good deals are both "pending".
Their monthly sales averages are just one broker, them. If you check Fidelity's averages, they are much lower.
I understand they are in the business to sell contracts and their first priority will be to attract sellers. You can not attract a seller if you tell them prices are deflated.
One item that is worthy of noting is that contracts are selling, so even though it may be a buyers market at the moment, this can change quickly if there are more buyers than sellers. Prices may have stabilized at this time and low ball offers will be rejected. I agree that there are a lot of buyers out there that were out priced last year and they see this decline as a sale, but once they are gone the question than is will there be others. Currently the same as the housing market in many areas, low inventory is keeping prices high even though interest rates are high.
I do agree that if Disney steps back in and starts buying contracts prices will once again go back up. Question is will they, or are they going to concentrate on selling direct.
I think watching Disney's direct sales will indicate how resale sale will preform in the upcoming months. As was stated DVC is a luxury item. The current surge in resale may be just the pent up demand from last years ROFR carnage.

This is all a game of wait and see. Personally as tempted as I am to buy again, I am going to wait and see the next few months.

 

[RoseGold]

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.

I also got a "lowball" offer accepted elsewhere, but DVCRM's response was completely professional about it being refused. I don't take that personally. They had a less motivated seller? I don't even think it was that "lowball," it wasn't far off listing.

It's clear DVCRM is moving contracts, so they are doing something right.

 

[Sandisw]

Does anyone know why the closing costs are so much higher on DVCRM? I’m noticing that the closing costs are around $200 higher on DVCRM for the exact same contract than they are on 2 other reputable broker sites. I’m slightly frustrated.

My guess is that like any business, each has their own rate for certain things that make their price more…some things are the same, like deed tax, but for the processing, etc, it can vary by company.

 

[ocdb8r1]

I think watching Disney's direct sales will indicate how resale sale will preform in the upcoming months.

Have we seen direct sales number for March yet? When does someone usually do a roundup of them? I'm very curious the trend...trying to hold off on buying anything else until I see what the Villas at Disneyland Hotel come out price/incentive wise and I think DVC's direct sales in Q1 will be heavily influencing their approach.

 

[Sandisw]

Have wee seen direct sales number for March yet? When does someone usually do a roundup of them? I'm very curious the trend...trying to hold.off on buying anything else until I see what the Villas at Disneyland Hotel come out price/incentive wise and I think DVC's direct sales in Q1 will be heavily influencing their approach.

Not yet…they typically come out around this time….they are gathered and posted at https://dvcnews.com/ and then posted here

 

[Bmramaut]

I also got a "lowball" offer accepted elsewhere, but DVCRM's response was completely professional about it being refused. I don't take that personally. They had a less motivated seller? I don't even think it was that "lowball," it wasn't far off listing.

It's clear DVCRM is moving contracts, so they are doing something right.

I’m glad your response was professional. Mine was absolutely not. Must be hit or miss!

 

[GrumpyInPhilly]

I suppose I can add my $0.02 since I first brought up the video in the ROFR thread. I personally didn't take offense (similar to when other brokers scoff/chastise my low offers), I know it's just business and I know inherently they want to sell as high as possible since it directly correlates with their commission. I've dealt with Linda and Scotty and found them to be very professional and courteous, even while I was submitting lowball offers.

My only thing is how they project their current situation to the market as a whole--like when they cite their average prices or number of listings--all to justify why prices should be higher. It's almost as if they're trying to single-handedly prop up resale values (and if they do hold a lot of the contracts listed, then I can see why). As shown in that post in the ROFR thread, their resale values are significant higher than Fidelity's resale values. They also mention their total number of contracts going down from last month and how that is an indication of the market potentially shifting away from a buyer's market ("so get those higher bids in quick before the ROFR monster wakes up, because I have a feeling it will at any moment"). But the reality is there's 1600+ contracts listed right now across all the brokers (last year DVC News reported 1500 contracts being on the market as if it were an absurdly high number).

I'll give them credit when it's due. Back when VGF2 first started and was announced at $207pp, DVC resale market had the foresight to anticipate lower prices for VGF1 resale and even advertised opportunities for buyers to jump in on contracts as low as $160pp. I was one such buyer that grabbed a VGF contract listed on their site (negotiated one down from $185 to $158) at a time when other brokers were scoffing at my low bids, some of whom had flat out incorrect info or were unaware of the price drop the day VGF2 went on sale.

At the end of the day, people need to do their homework and not accept what any broker (not just DVCRM) tells you what market conditions are. That might be hard to do these days since they sponsor so many shows/podcasts (and even have a show of their own). I'm just glad we have the ROFR thread to provide some alternate perspectives!

Agree (only dealt with Linda)

 

[AstroBlasters]

I’m glad your response was professional. Mine was absolutely not. Must be hit or miss!

Yikes! That sounds like a very charged emotional experience for you to delete the text and block the number.

 

[Bmramaut]

Yikes! That sounds like a very charged emotional experience for you to delete the text and block the number.

After the initial text shaming, I wasn't interested in further conversation. I guess I do not understand the end game from them? You'll shame me into placing a higher bid? Like I'll feel bad....for you? There's really no place for it. This is a business transaction and I do not appreciate someone being condescending toward me about it. I spent YEARS renting/researching/waiting to make this purchase for my family. If you don't want to sell to me, fine. But be professional about it at a bare minimum.

 

[MsChristy12]

Does anyone know why the closing costs are so much higher on DVCRM? I’m noticing that the closing costs are around $200 higher on DVCRM for the exact same contract than they are on 2 other reputable broker sites. I’m slightly frustrated.

Before I put in one of our offers with a reputable broker, I actually inquired about their closing costs and what other fees will be tagged on, because they don't spell them out w/ the listings, at all. For that broker, there's a $225 admin fee, and the closing costs is like you said, about $200 lower than DVCRM. So that adds back up to about the same closing costs as DVCRM. So I guess they just include those type of admin/processing fees with the closing costs?

 

[Jimmy Geppetto]

One of their businesses in their conglomerate is the title company that DVCRM uses. Probably a way to increase profits since closing costs is an afterthought for most people who are fixated on a lower price per point? But that's just pure speculation.

Winner winner chicken dinner.

It’s like paying for Genie+ and still waiting in line.

They are a terrible title company from my experience. Stick with Mason if you can.

 

[HyperspaceMountainPilot]

Reviving this thread to avoid starting a new one-- I saw a listing I found interesting at Fidelity and made an offer (just put in my name, number, email, and $/pt offer on the webform) 2 days ago and I haven't heard back. Does anybody know if this is normal for Fidelity? They seem to be the highest recommended broker here for reasonable pricing and service, but I'd happily take recommendations for other good options. I'm looking for anywhere from 50-150 points at the Crescent Lake or Monorail resorts, at a good price.

 

[Sandisw]

Reviving this thread to avoid starting a new one-- I saw a listing I found interesting at Fidelity and made an offer (just put in my name, number, email, and $/pt offer on the webform) 2 days ago and I haven't heard back. Does anybody know if this is normal for Fidelity? They seem to be the highest recommended broker here for reasonable pricing and service, but I'd happily take recommendations for other good options. I'm looking for anywhere from 50-150 points at the Crescent Lake or Monorail resorts, at a good price.

They rent good ate responding from website. I have always called.

 

[lilsonicfan]

Reviving this thread to avoid starting a new one-- I saw a listing I found interesting at Fidelity and made an offer (just put in my name, number, email, and $/pt offer on the webform) 2 days ago and I haven't heard back. Does anybody know if this is normal for Fidelity? They seem to be the highest recommended broker here for reasonable pricing and service, but I'd happily take recommendations for other good options. I'm looking for anywhere from 50-150 points at the Crescent Lake or Monorail resorts, at a good price.

On both of the offers that I made through the Fidelity website https://www.fidelityrealestate.com/ I received an automated response email very shortly after I sent the offer. On the first one, I got an email from the listing agent the same day, clarifying my offer, and then she was pretty responsive by email after that. I made other offers through her on a couple of their other listings too.

On the second one, I got a call from the listing agent the next day - the seller accepted my offer.

So yeah- I'd call, or email the listing agent.

 

[HyperspaceMountainPilot]

Thank you everyone-- evidently I did get an email back from a Fidelity agent as I was typing my post to say that the contract I had inquired about was already pending, but she would get back to me if it fell out. I wrote back to ask her to let me know if they had any motivated sellers in the 100-200 point range for the 5 resorts I'd consider buying if I could get an offer below last month's average sale prices. I assume I need to keep scouring daily listings though? Is there anywhere I should be looking besides Fidelity, DVCStore, DVCRM?

 

[MsChristy12]

Reviving this thread to avoid starting a new one-- I saw a listing I found interesting at Fidelity and made an offer (just put in my name, number, email, and $/pt offer on the webform) 2 days ago and I haven't heard back. Does anybody know if this is normal for Fidelity? They seem to be the highest recommended broker here for reasonable pricing and service, but I'd happily take recommendations for other good options. I'm looking for anywhere from 50-150 points at the Crescent Lake or Monorail resorts, at a good price.

I'm actually working with one of their agents right now too. I made an offer Friday night and the agent responded to me the next day. We had a couple of back and forth negotiation but it wrapped up within 24 hours.
I can be wrong and I'm speaking from own personal experience only. I have also worked with a couple different agents from DVCRM, and they were definitely a little faster on responding emails/texts. Maybe try calling the agent at Fidelity? I had a question about our contract, and instead of emailing, I just called and it got figured out right away. Good luck!!

 

[HyperspaceMountainPilot]

I'm actually working with one of their agents right now too. I made an offer Friday night and the agent responded to me the next day. We had a couple of back and forth negotiation but it wrapped up within 24 hours.
I can be wrong and I'm speaking from own personal experience only. I have also worked with a couple different agents from DVCRM, and they were definitely a little faster on responding emails/texts. Maybe try calling the agent at Fidelity? I had a question about our contract, and instead of emailing, I just called and it got figured out right away. Good luck!!

Thanks Ms. Christy-- did you, by chance, buy the 150 points at Beach Club?

 

[AstroBlasters]

Thank you everyone-- evidently I did get an email back from a Fidelity agent as I was typing my post to say that the contract I had inquired about was already pending, but she would get back to me if it fell out. I wrote back to ask her to let me know if they had any motivated sellers in the 100-200 point range for the 5 resorts I'd consider buying if I could get an offer below last month's average sale prices. I assume I need to keep scouring daily listings though? Is there anywhere I should be looking besides Fidelity, DVCStore, DVCRM?

I think your taking a very reasonable approach: you have multiple target resorts, you have a price range that you have data to support is reasonable (not trying to be a message board hero), and willing to work with the agents to find listings that meet the criteria.