DVC resale for DGC

[godalejunior]

We bought resale and had the seller pay for maintenance fees and closing...glad to know I did not have to pay $700

 

[SuzanneSLO]

Thanks for all the input.

With those closing costs, a current owner would need a price of $92 to break even when buying direct on a 25 point add-on and a price of $106 to break even when buying direct on a 50 point add on. And below that, the savings are pretty slim: $90 a point on 25 points saves you $50; $100 per point on 50 points saves you $300. So if the contract was not loaded with current points, direct would probably be the way to go. -- Suzanne

 

[taaren]

I'd check w TSS, but it seems to me that closing costs are at least partly based on either amount of points or sale price because when I bought 75 points resale my closing costs were about 350. I think there's a retitling fee that is standard (probably about $100), then the rest is percentage of sale just like other real estate transactions, a broker/agent fee essentially.
When you look at the listings that go out a 50 pt contract has a very different closing cost listed from a 300 pt contract.

 

[Davids-Coco]

I think ours were 525 on a 160 pt contract. The first contract was disney, so we didn't pay them

 

[monami7]

Hopefully the $525 for 160 is right. We just put in for a resale of 160 today.

 

[Davids-Coco]

Hopefully the $525 for 160 is right. We just put in for a resale of 160 today.

I just checked my paperwork for you... it's 170 pts (oops!) and it says "closing costs are estimated at $500". We are through TSS, so I don't know if that makes a difference.

 

[monami7]

I just checked my paperwork for you... it's 170 pts (oops!) and it says "closing costs are estimated at $500". We are through TSS, so I don't know if that makes a difference.

Thanks for checking. TSS didn't have any that would work for us. This one has all the 2009, 2010 and 2011 points with it too. I is a really great contract at 91 pp. I am so excited, I just hope it get through rofr.

 

[disneydenisel]

Thanks for checking. TSS didn't have any that would work for us. This one has all the 2009, 2010 and 2011 points with it too. I is a really great contract at 91 pp. I am so excited, I just hope it get through rofr.

Wow, great contract!! What UY?

Congrats on finding a resale you love! Good luck with ROFR!

 

[monami7]

June which is the sameas our SSR one.

 

[Davids-Coco]

lol. ours is June too! So sounds about the same. 165 banked (I think) 2009, 2010 and 2011. Hope you make it through. We are currently waiting...

 

[monami7]

lol. ours is June too! So sounds about the same. 165 banked (I think) 2009, 2010 and 2011. Hope you make it through. We are currently waiting...

how much pp?

 

[Davids-Coco]

$93 I think... I know I saw some on other sites as low as $88. I made my DH deal with most of it this time around since I had two sick kids at the time. The way I look at it is that we are saving about 4,500 over going direct. And now we have one contract for each kid. (while I hope we teach them the best way to use the points is not trading them into DCL, adventures, non-DVC resorts, they can at least use it that way if they want.)

How about you?

 

[lulubelle]

My closing costs were $400 last month for a 100 pt contract. I paid $90 pp and it was the same month UY as my current contracts. That was important to me.

I am sure those of you waiting will pass ROFR. And you will absolutely love the villas!