Ebay Auction

[TammyAlphabet]

I would appreciate the opportunity to make some final comments.

yes, I would have bought the contract if it had won. However, we all know, disney would have bought it back if I had won the auction for 100 dollars.

The seller of this auction and I have not conspired in any fashion whatsoever....

I don't believe that any shill bidding by ANYONE was done on this auction. And, by the definition of rinkwide, that would include me.

The seller of the auction encouraged me to bid on the auction, but he meant only if I wanted to buy it. i would love to buy those points for 100 dollars, but, with ROFR, we all know that is impossible. That is why I said that I knew I was going to be outbid, not because I thought anyone was bidding the auction up artificially.

I think that this seller is on the up and up completely and has done nothing wrong, and i did not mean to imply that he was anything else but an honest ebay seller.

I hope that this clears up any misunderstandings about any of my comments. I think i was convinced I was wrong for a minute or two to even have bid on that auction, but, if a 100 dollar bid was the winning bid, i would paid for it, because I honor my committments, I just meant to say that i didn't expect that low of a bid to win.

 

[Beca]

Tammy,

I REALLY think most people here knew what you were saying...at least, I know I did. I'm sorry that you felt the need to defend yourself.

I think it is just another example of how the written word can be easily misunderstood.



Beca

 

[TammyAlphabet]

Thanks Beca, i need to sign off the boards and get up on the other side of the bed tomorrow!!!!

 

[Dean]

Dean,
The fees for the 2005 points have been paid by the seller and he does not ask to be reimbursed for those. Fees for the buyer start with 2006. At least, this is my understanding from reading the listing. I, for one, would not pay fees on points I did not get to use. The closing costs rankle a bit, but I have a watch on this auction. We'll see what happens.

Dues are charged on a Calendar year basis which means the dues paid in Jan of 2006 will be fore 11 months of the 2005 use year and 1 month of the 2006 use year. So anyone buying will be overpaying in maint fees based on the 2005 points that are no longer available. Put another way, the dues in Jan 2006 are NOT simply for the points you get for the 2006 use year. As a comparison, if you were buying these same points from Disney but getting the 2005 points, you'd pay one month of dues this year (starting in Dec, 2005) and all of next year but get all the 2005 points. That doesn't make it a bad deal, just info you need to decide how the overall picture fits your needs..

I do know that DVC resellers are entrenched in the regular timeshare thinking of "if you get the week you pay the dues", but DVC is different and they are wrong.

 

[robinb]

I don't believe that any shill bidding by ANYONE was done on this auction. And, by the definition of rinkwide, that would include me.

The seller of the auction encouraged me to bid on the auction, but he meant only if I wanted to buy it. i would love to buy those points for 100 dollars, but, with ROFR, we all know that is impossible. That is why I said that I knew I was going to be outbid, not because I thought anyone was bidding the auction up artificially.

I think that this seller is on the up and up completely and has done nothing wrong, and i did not mean to imply that he was anything else but an honest ebay seller.

Thanks Tammy! That does clear it up.

There is nothing wrong with a seller sending an interested party a link to an eBay auction. Especially if he had some interest in the item before the auction. There is also nothing wrong with you bidding low on something if you're trying to get a bargain, even if you think the item will sell for more. Please accept my apologies as neither of you did anything wrong.

ETA: That apology also goes to the seller who may be reading here.

 

[KANSAS]

top bid is now $78 per point, with buyer paying all closing costs
including Disney $200 Transfer fee

what will the final price be, on tuesday??

 

[ColoradoBelle1]

Hi guys!
I saw the points originally advertised on TUG2 and contacted the owner. He was willing to sell for $75 a point but wanted me to pay ALL the fees. He said he thought he knew of a closer who would complete the closing for $250 but wouldn't guarantee it. I offered him $75 but said I thought he should pay transfer and ROFR fees. Since there were no 2005 points (and you are right...he didn't expect maintenance for 2005), I came up with a cost per point including about $500 for closing and transfer and it was just too darn high, so I declined.

Tammy...I am glad that there were apologies all around because you did nothing wrong and as Beca said...sometimes the written posts just get misinterpreted. The owner was willing to take a risk, but I always wonder if sellers don't have 'friends' to make sure the object selling doesn't get sold at TOO great a discount. Guess I'm just jaded, tho I have bought many things off ebay (even a car)

Dean: ONce again you helped explain something to me that I wasn't clear about. So if I paid Disney $89 a point...that would include closing costs AND if the usage year was Dec...then I would get the 2005 points for my use but not have to pay any maintenance until the month of Dec...and then it would be the prorated per month maintenance fee? That would be a significant savings on BWV and in the case of only 50 points...really bring the actual cost per point down from $89...to about $76 on a 50 point contract right?
(Closing costs/transfer on this contract at LEAST $500, so $10 a point and the maintenance savings of 11 months (Dec usage) of almost $4.00 at BWV.
Glad he refused my offer, cause it would really have cost me one heck of a lot more!!!! If ebay is at $78 right now, with the closing costs, transfer fees added on, the 'winner' will be paying well over $89 per point and have NO 2005 usage. NOT a good deal.

It sure pays to read the disboards!!!!
Colorado Belle

 

[tjkraz]

So if I paid Disney $89 a point...that would include closing costs AND if the usage year was Dec...then I would get the 2005 points for my use but not have to pay any maintenance until the month of Dec...and then it would be the prorated per month maintenance fee?

I don't believe it would work that way for the sold-out resorts (BWV included.) It's my understanding that when you purchase an add-on, the points are available immediately. So, if you bought BWV from DVC with a Dec UY, you would get 2004 points immediately, with dues prorated from the calendar date on which you purchase.

They have some deals on SSR where you can defer points, payments and maintenance until the '05 UY arrives, but I've never heard of that happening on the other properties.

That would be a significant savings on BWV and in the case of only 50 points...really bring the actual cost per point down from $89...to about $76 on a 50 point contract right?

Small add-ons for the sold-out resorts are almost always best to do through DVC. You get the UY you want, you get the exact number of points you want, points are immediately available, and DVC's fee is all-inclusive.

If you try to do a small add-on via resale, those closing costs will drive the net price way up.

 

[Dean]

You pay prorated dues from when you sign OR when the points are available, which ever is later. So if you joined now and got the 2004 points, you'd pay prorated dues from the day you signed (not the closing date). If you only got the 2005 points, you pay from the first day the points were available, Dec, 2005 in this example. So I think you're both right given the proper circumstances.

 

[Diznut84]

While this may not turn out to be a great price for someone seeking an add-on to an existing contract (unless DVC couldn't provide a December UY at BWV), it still might be a really good fit for someone who doesn't want to buy 150 points at SSR.

Remember, lots of folks prefer BCV, BWV, and VWL to SSR. If you are not an existing DVC member, don't go to WDW often (i.e. perhaps every other year or every three years), don't want to put a lot of money into DVC, and like BWV (especially standard view units), this has the potential to be a good deal.

DISBoard members are preoccupied with the price per point. My sense is that a lot of potential DVC members are just as interested in the number of points, and don't want to buy 150 for about $14,000. Some probably prefer to pay more per point in order to keep their total price down.

The seller also uses Timeshare Transfer, and appears to have a deal worked out with them (perhaps similar to their deal with Bidshares) to close the deal for $200 plus an additional $220 in Disney transfer/ROFR fees. Nothing out of line here. In fact, many DISBoard members pay quite a bit more for closing.

So I agree that it might not be the right deal for people looking for a cheap add-on, but for current nonmembers looking for to keep their total out-of-pocket costs down, enjoy BWV standard views, and travel less frequently to WDW, it may be a good deal. After all, Disney is not interested in serving them. The only other options are resale, and those contracts have also been going for big $ with higher closing costs.

 

[Beca]

And this contract sat on TUG for soooo long!!!

"Marketing" is amazing!!!



Beca

 

[erikthewise]

We believe you Tammy!!! And we'll write to you in prison.

I think you're innocent of evil intent, but maybe promising to bid was a lapse of judgement...

 

[TammyAlphabet]

Thanks EriK, you are so wise!!!

 

[Beca]

We believe you Tammy!!! And we'll write to you in prison.

I think you're innocent of evil intent, but maybe promising to bid was a lapse of judgement...

How funny!!! I don't see it as a "lack of judgement" at all. If I contacted a seller because I was interested in his points, and he said, "I am concerned that it's gonna go too low". I would most certainly speak up and say, "Don't worry about that...if it is going too low...I will bid for sure!!!"

I guess one person's "lack of judgement" is another persons "bargain"...just count me in the "lack of judgement" category!! Tammy and I can start a club!!!



Beca

 

[snowbunny]

And this contract sat on TUG for soooo long!!!

"Marketing" is amazing!!!

Yup. I contacted that seller weeks ago, actually he contacted me through someone else's listing on TUG that I had inquired about. I declined to pursue it for a couple of reasons - at $75 it seemed to stand a good chance of disney exercising its right of first refusal, and any higher than that (and frankly at $75) having to pay all closing costs, ROFR costs, and getting a stripped contract at the end of the day (11 months from now I could borrow points from the following year) did not strike me as a great deal at all.

 

[TammyAlphabet]

That is kinda the way i felt about it.

 

[lurontravel]

Is the auction over yet? Does anyone know what it went for? I'd love to hear back and find out if Disney exercised ROFR, but I'm guessing that there will be no way to find out.

 

[DrTomorrow]

With 2 hours 4 minutes left to go, item 4356926769 - 50 BWV points - has a current bid of $3952.00, yielding $79.04/point.

 

[amyup]

With an hour and 27 minutes left its at $4200! And there is still over and hour left, so it will probably even sell for more. All for points that you don't get until Dec. 2006! I know where I'm going if I want to ever sell my points (j/k like that's going to happen)!

 

[robinb]

I have to say that the seller is probably doing the "happy dance" right about now.