EBAY Disney vero beach #150069427709

[dis-happy]

from the ebay page:

Q: is this a DVC Vero beach/September/240 pt contract? does it have the 240 pionts from the September 1,2006-August 31,2007 alocation? or does it not have any points till the Septemer 1,2007-August 31,2008 allocation? If it has Septembe 1,2006-August 31,2007 points do you exepct the buyer to reimbruse for 2006 annual dues? Why do you not mention the critical DISNEY ROFR process in your ad???
Dec-12-06
A: Yes, it is a DVC Vero beach/September/240 pt contract and the 240 points are from the September 1, 2006-August 31, 2007 alocation. Dues are billed by the resort at 165.33 monthly. As far as the rofr Disney may not interfer since it is a charitable donation made by the current owner to the Christopher Foundation and is being sold by them. However if there is a problem with the rofr there will be a full refund.


Guess what? I googled "Christopher Foundation" and it doesn't exist. There is a Christopher Reeve Foundation, a Christopher Reynolds Foundation, a Christopher D. Smithers Foundation, and a Christopher Columbus Fellowship Foundation, but no Christopher Foundation per se. DVC meets SNL.

Greenban--hope you win. Tell your wife you did it all for charity.

 

[T.E. Yeary]

WARNING SIGNS FOR BUYERS IN THE DVC RESALE MARKETPLACE!

Handling the Disney Vacation Club Resales requires a great deal of knowledge and expertise as they are unlike any other on the market. It is imperative that you use a broker who specializes in this area to achieve the outcome you desire and avoid some of the unpleasant pitfalls by inexperienced brokers.

Warning signs for BUYERS:

1. A small amount of listings in their inventory (Indicates NO track record).

2. Talking with agent leaves you unsure they know the product. Ask questions about banking, borrowing, points in holding, etc.

3. Unreturned or late response to your inquiry (Where will they be when you need help with the ROFR, Closing Process & getting into the DVC system? A knowledge of the right people to contact in case of a situation is imperative.)

4. Mistakes on postings on their website. Example: OKW, 2 bedroom Wk 6 (DVCs are in points, not weeks and certain size units.)

5. The company tells you that you can purchase BWV for $65 a point and clearing the ROFR will be no problem. (They will get their commission when Disney exercises their “Right Of First Refusal” so they really don't care if you are a new owner or not. In fact, they prefer it, because it's less work for them and they don't have any worries about the closing process or anything else.)

6. Do they have an office? (Many don't, ask for directions, or look up their address, if it's a residential area or a P.O. Box????)

7. The company advertises NO Closing Costs. They are either calling the closing costs by another name or not giving the buyer & seller the legal protection needed to pass on a free & clear title. Read the fine print in the listing agreement and closing paperwork. Remember, “if it sounds too good to be true, it probably is”.

Franchises:

The latest trend in the Resale business is for brokers to align themselves with a national franchise in order to legitimize their operation, thereby creating a false sense of security to the general public. Examples: ERA, Century 21, GMAC, RE/MAX, etc. Some Resale brokers go from one franchise to another after the number of complaints build up, they simply purchase a new franchise and it's business as usual. Most legitimate and ethical businesses should be able to use and operate under the same name for many, many years. In fact, if their reputation was one they could take pride in, they would insist upon it!

The above statements are certainly not meant to be construed to include "every" agency that is backed by a franchise. There are definitely some reputable Resale offices with ties to franchises. My warning is, it's NOT always the case. Protect yourself, look for the same warning signs with these companies as you would with any other Resale company!

Tom

 

[sconnell]

Rib-It isn't for sale. I will admit I was tempted, but watching him eat worms and mice is just toooooooo much fun!

-Tony

PS, I'm still the high bidder, yeah!

Well, now that you are in this, it's getting interesting.

 

[tjkraz]

A: Yes, it is a DVC Vero beach/September/240 pt contract and the 240 points are from the September 1, 2006-August 31, 2007 alocation. Dues are billed by the resort at 165.33 monthly.

Let's see:

$165.33 x 12 = $1983.96 / 240pts = $8.2665 per point

Hmmmm. I know VB dues are high, but.....

I hope you know what you're getting into, Tony.

 

[Plutofan]

from the ebay page:

Q: is this a DVC Vero beach/September/240 pt contract? does it have the 240 pionts from the September 1,2006-August 31,2007 alocation? or does it not have any points till the Septemer 1,2007-August 31,2008 allocation? If it has Septembe 1,2006-August 31,2007 points do you exepct the buyer to reimbruse for 2006 annual dues? Why do you not mention the critical DISNEY ROFR process in your ad???
Dec-12-06
A: Yes, it is a DVC Vero beach/September/240 pt contract and the 240 points are from the September 1, 2006-August 31, 2007 alocation. Dues are billed by the resort at 165.33 monthly. As far as the rofr Disney may not interfer since it is a charitable donation made by the current owner to the Christopher Foundation and is being sold by them. However if there is a problem with the rofr there will be a full refund.


Guess what? I googled "Christopher Foundation" and it doesn't exist. There is a Christopher Reeve Foundation, a Christopher Reynolds Foundation, a Christopher D. Smithers Foundation, and a Christopher Columbus Fellowship Foundation, but no Christopher Foundation per se. DVC meets SNL.

Greenban--hope you win. Tell your wife you did it all for charity.

Actually Christopher Foundation does exist. If you go to the Indian River County website and do a search you will find several properties listed for the Christopher Foundation. The Indian River County is where Disney Vero public records are located. I found ours in the search. What is interesting is that none of the listings appear to be for Disney's Vero Beach. I hope that they did not list Disney in error. Here is the link to the website:

http://www.clerk.indian-river.org/Records/ByName.aspx

 

[greenban]

WARNING SIGNS FOR BUYERS IN THE DVC RESALE MARKETPLACE!

Handling the Disney Vacation Club Resales requires a great deal of knowledge and expertise as they are unlike any other on the market. It is imperative that you use a broker who specializes in this area to achieve the outcome you desire and avoid some of the unpleasant pitfalls by inexperienced brokers.

Warning signs for BUYERS:

1. A small amount of listings in their inventory (Indicates NO track record).

2. Talking with agent leaves you unsure they know the product. Ask questions about banking, borrowing, points in holding, etc.

3. Unreturned or late response to your inquiry (Where will they be when you need help with the ROFR, Closing Process & getting into the DVC system? A knowledge of the right people to contact in case of a situation is imperative.)

4. Mistakes on postings on their website. Example: OKW, 2 bedroom Wk 6 (DVCs are in points, not weeks and certain size units.)

5. The company tells you that you can purchase BWV for $65 a point and clearing the ROFR will be no problem. (They will get their commission when Disney exercises their “Right Of First Refusal” so they really don't care if you are a new owner or not. In fact, they prefer it, because it's less work for them and they don't have any worries about the closing process or anything else.)

6. Do they have an office? (Many don't, ask for directions, or look up their address, if it's a residential area or a P.O. Box????)

7. The company advertises NO Closing Costs. They are either calling the closing costs by another name or not giving the buyer & seller the legal protection needed to pass on a free & clear title. Read the fine print in the listing agreement and closing paperwork. Remember, “if it sounds too good to be true, it probably is”.

Franchises:

The latest trend in the Resale business is for brokers to align themselves with a national franchise in order to legitimize their operation, thereby creating a false sense of security to the general public. Examples: ERA, Century 21, GMAC, RE/MAX, etc. Some Resale brokers go from one franchise to another after the number of complaints build up, they simply purchase a new franchise and it's business as usual. Most legitimate and ethical businesses should be able to use and operate under the same name for many, many years. In fact, if their reputation was one they could take pride in, they would insist upon it!

The above statements are certainly not meant to be construed to include "every" agency that is backed by a franchise. There are definitely some reputable Resale offices with ties to franchises. My warning is, it's NOT always the case. Protect yourself, look for the same warning signs with these companies as you would with any other Resale company!

Tom

Tom thanks for the reminder!

Attention all newer mebers enjoying this thread, everything Tom posted is true!!! Longer-term DISers know how much I enjoy controversy and this ebay auction is just too good to pass up.

However, I don't expect it to pass ROFR, or I expect it will be so markedly different from what is listed (yes I copied the listing already!) that the contract (ebay's) can not be enforced. But if I really get VB points at $45.00 each, I won't complain.

-Tony

PS I hear it is a January Use Year as well!

 

[T.E. Yeary]

Tony you don't fall into the category of those who need to be warned. Heck, you've probably got more experience buying and selling than I do.

What really galls me is when a newbie picks up one of these "crazy" listings and gets all excited thinking they are going to make the big score, only to be thrown back into reality by ROFR, an inattentative broker or seller, or an inexperienced title company. They then think ALL resales or resellers are in the same category.

Tom

 

[greenban]

Tony you don't fall into the category of those who need to be warned. Heck, you've probably got more experience buying and selling than I do.

What really galls me is when a newbie picks up one of these "crazy" listings and gets all excited thinking they are going to make the big score, only to be thrown back into reality by ROFR, an inattentative broker or seller, or an inexperienced title company. They then think ALL resales or resellers are in the same category.

Tom

Well Tom I certainly hope by now the entire DISboards community knows that in my book, there are only 2 ways to buy the DVC.

1) From the Timeshare Store!

2) Direct from Disney.

-Tony

P.S. I don't yet have any experience selling, I still treasure each and everyone of my hard won contracts!

 

[3DisneyKids]

There are only 2 ways to buy the DVC.

1) From the Timeshare Store!

2) Direct from Disney.

I agree with this 100% !!!

 

[Longhairbear]

I have been following this thread with facination, so I went over to EBay to see the listing. I read all the questions and answers and don't understand some of it.
The seller never answered the question about the life of the contract. In another question someone asked if the sale was for points or floating week. The answer was floating week. I never heard that term before, what is floating week?

 

[RobDoc]

... The seller never answered the question about the life of the contract. In another question someone asked if the sale was for points or floating week. The answer was floating week. I never heard that term before, what is floating week?

Most timeshares are fixed weeks - meaning you own a specific 7 days for the life of the ownership (ie- week 1 or week 47). Some resorts have "floating weeks" where those owners will still have a week - but it's not fixed. They will possibly have a different week each year as most floating weeks assigned on a first-come-first-served, lottery or some similar system. These are full weeks- 7 continuous days and do not have the flexibility of a point system.

In one sense, we have a "floating" option, since we dp not own a specific time period, but the point system is entirely different and just further exposes this "brokers" inexperienced and misinformed knowledge of DVC despite any other claims made.

 

[tomandrobin]

I have been following this thread with facination, so I went over to EBay to see the listing. I read all the questions and answers and don't understand some of it.
The seller never answered the question about the life of the contract. In another question someone asked if the sale was for points or floating week. The answer was floating week. I never heard that term before, what is floating week?

I had several e-mails back and forth to/from the seller. After several e-mails, he did go back to the owner and acknowldged that the timeshare was a point based timeshare and that he really didn't know anything about the resort. The timeshare was donated and is being auctioned for a charity. To bad it wasn't a mislisting for one of the Starwood propeties that we really like and own. DVC would certain take this contract back if sold for $50/point.

 

[disneyeveryyear]

Greenban-

The bid is currently $50.42/point (based on 240 points).

Did you up your bid, or give up at $45?

Enquiring minds want to know.

Did you all read the most recent question: Is this you Tony? This person seems to know what it is all about.

i intend to win your auction. I am bidding on the following information, please confirm. If not correct, your auction has been inaccurate from the beginning. #1 It is a DVC I/Vero Beach/Septemer/240 pt contract. #2.It has the full allocation of the 240 points for the september 1,2006-August 31,2007 use year. #3. It has the full allocation of 240 points for every september use year till Jan 2042 #4. no mention of any reimbursement for 2006 annual dues, only 2007 annual dues #5.I would be expected to pay the following. Final Bid+Closing Costs+ then pay for the 2007 annual dues which would be for the 240 pt Sept 1,2007 allocation, which is in addition to the 240 points from the sept 1,2006 allocation. If any of this is not correct. Please adivse immeidately. your ad does not address ROFR or deposit made before ROFR.

 

[greenban]

Greenban-

The bid is currently $50.42/point (based on 240 points).

Did you up your bid, or give up at $45?

Enquiring minds want to know.

Did you all read the most recent question: Is this you Tony? This person seems to know what it is all about.

i intend to win your auction. I am bidding on the following information, please confirm. If not correct, your auction has been inaccurate from the beginning. #1 It is a DVC I/Vero Beach/Septemer/240 pt contract. #2.It has the full allocation of the 240 points for the september 1,2006-August 31,2007 use year. #3. It has the full allocation of 240 points for every september use year till Jan 2042 #4. no mention of any reimbursement for 2006 annual dues, only 2007 annual dues #5.I would be expected to pay the following. Final Bid+Closing Costs+ then pay for the 2007 annual dues which would be for the 240 pt Sept 1,2007 allocation, which is in addition to the 240 points from the sept 1,2006 allocation. If any of this is not correct. Please adivse immeidately. your ad does not address ROFR or deposit made before ROFR.

I'm still winning the auction right now, and yes I did up my bid. I did not ask the question that you quoted (nor would I advertise to the lister that I intended to win an auction - due to the risk of shill bidders ), but I was pleased to read the answers which reassured me of the value of the contract.

(Also, as an aside, I found the wording of the question a little more confrontation that I like to be, I hope I do not come off that confrontational in my posts here, if I do, I apologize!)

With only $1.46 pp in closing costs, I still don't expect this to pass ROFR.

I'll keep y'all posted, thanks for asking!

-Tony

 

[ppiew]

If whoever wins this auction would please tell us the 'after' story I am sure it would be vastly appreciated. The seller doesn't seem to have all the 'right' answers and would be interested if this does come off as legit. Thanks

 

[KANSAS]

The auction is over in 30 minutes
it only brought $54 point


Won't it need at least $60 per point? to get past Disney Rofr??

 

[RobDoc]

Looks like the auction closed at $54.17 per point ($13,001). It will be interesting to see what feedback is left in the coming weeks.

We may never know whether ROFR is waived or not (I suspect not) - but either way, the charity will get the same amount whether from Disney or from the auction winner.

 

[3DisneyKids]

Tony--did you win?

 

[Beca]

Tony....don't keep us in suspense!!!!

Did you win?!!!

I think I am going to start an "Official Greenban Cheer Squad" until we hear!!!

Go Tony!!!!

 

[greenban]

I was away at a family party when the auction ended and I lost, by about $700.00! (Phew, that was too close).

So I won't be able to tell you if it passes ROFR. At $50.00pp it was about as far as I would go, as I purchased a VB contract throught TSS (Where I know everything is above board) *WITH* banked points for $59pp (tha *DID* pass ROFR), so once we crossed the $50.00 mark, this contract with only current UY points, lost a lot of its draw.

However, I did email the winner, congratulating them, and asking them if they would let me know if Disney exercises ROFR, so stay tuned!

-Tony