Fidelity Real Estate Resales Back on The Market

[jcolvin5]

I’ve never paid it. It’s more principal for me than anything. Asking me to pay a fee that no one else charges doesn’t fly with me. I have had sellers say “No” to paying the fee. I walked. There will always be another contract.

It’s similar to why I would never pay a broker 9.25% commission like DVRM advertises when there are brokers who will do it for 7% (some less).

With aggregator sites now a welcoming reality it’s becoming harder to see the value proposition of large brokers. Especially when all they do is flood the market with their own “investment sellers” who have stripped contracts at inflated prices. They give the illusion the market is at “X” when in fact it’s at “X minus 15%”.

I had a discussion with one of the brokers yesterday about "those pesky aggregators". Seems there is a lot of animosity between the two groups.

 

[Sprinkles&Sprints]

I had a seller refuse after I negotiated a good price otherwise. I offered to split the fee and they accepted after all. I really didn’t want to pay the fee at all, but the deal was still good overall.

I would have agreed to that if it came down to it - seems fair and definitely not worth walking away from an otherwise perfect deal.

 

[Jimmy Geppetto]

I had a discussion with one of the brokers yesterday about "those pesky aggregators". Seems there is a lot of animosity between the two groups.

LOL. I bet! Harder for them to fleece uneducated buyers on their “investor” listings.

 

[CrystalClear82]

Speaking on my own experience. I've purchased (3) contracts through Fidelity. All were with different agents. At no time did I feel they were being sneaky. I was given options on the title company I wished to use each time and whether or not I wanted title insurance. If there was a counteroffer, they did not sway my decision one way or another.

That being said... I recently sold one of those contracts with a different resale company. While I won't say it was the worst experience of my life, I would just call it average. The agent was nice, but I don't think they had a clue as to what was happening or where we were in the process. I would get emails telling me this, or that hadn't been done. When they indeed had been so. I had to call the title company several times for the title agent to tell me finally, " It's not you... You've done everything that is required."
I was more than happy to do whatever was asked but there was a time or two that I perceived the emails received from the resale company to be passive-aggressive in tone, which could have been avoided had they communicated with the title company.

 

[disneylandtour]

I now have eight resale contracts. Most--though not all--from Fidelity ( https://www.fidelityrealestate.com/ ). They are low pressure. They never try to stick you with their own or a related title company. Everyone has always been nice to me. There's been a hiccup here and there, sure, but I never feel like it's been high pressure, as I have at a couple of other places. Maybe it's not everyone's thing. I get that. Their site certainly isn't as "showy" as some other websites. But it's more my speed. Also, I think people should remember that this isn't residential real estate--where agents can make five figures on a deal. These brokers sell contracts for "around" an 8% (give or take) commission. I assume about half of that goes to the brokerage, half to the agent. So on a $20k contract, they likely get around $800 (again, give or take). That's probably something to keep in mind as well.

 

[jbreen2010]

I think like anything else fees are negotiatiable and variable. They differ from broker to broker or from time to time. If you don't like the fees with one broker, maybe move onto another for your listing?

 

[Jimmy Geppetto]

I now have eight resale contracts. Most--though not all--from Fidelity ( https://www.fidelityrealestate.com/ ). They are low pressure. They never try to stick you with their own or a related title company. Everyone has always been nice to me. There's been a hiccup here and there, sure, but I never feel like it's been high pressure, as I have at a couple of other places. Maybe it's not everyone's thing. I get that. Their site certainly isn't as "showy" as some other websites. But it's more my speed. Also, I think people should remember that this isn't residential real estate--where agents can make five figures on a deal. These brokers sell contracts for "around" an 8% (give or take) commission. I assume about half of that goes to the brokerage, half to the agent. So on a $20k contract, they likely get around $800 (again, give or take). That's probably something to keep in mind as well.

I think that’s a fair assessment. Fidelity has great deals there is no arguing that. My issue with them has been due to them being very prone to errors.

Second, many of their agents don’t respond to offers on weekends or in the evenings. As a buyer I guess that’s no big deal but if you were selling, that potential buyer who submits a bid on Friday evening and doesn’t hear back by Saturday could find another contract on Sunday.

 

[VGCgroupie]

I had a discussion with one of the brokers yesterday about "those pesky aggregators". Seems there is a lot of animosity between the two groups.

Honestly if it weren't for the aggregator a lot of people would miss contracts they would otherwise not buy. I love shopping DVC resale but If I sit down to check each brokers site I get side tracked and make to maybe 2 brokers sites. The aggregator makes it easy and Im more apt to buy a contract I was not even looking for.

 

[jcolvin5]

Honestly if it weren't for the aggregator a lot of people would miss contracts they would otherwise not buy. I love shopping DVC resale but If I sit down to check each brokers site I get side tracked and make to maybe 2 brokers sites. The aggregator makes it easy and Im more apt to buy a contract I was not even looking for.

100% agree! I don't look at the broker site until I begin to dig in on a specific contract.

 

[VGCgroupie]

100% agree! I don't look at the broker site until I begin to dig in on a specific contract.

Same. If anything I think the aggregator site is getting the short end of the stick not getting some sort of referral commission

 

[disneylandtour]

Honestly if it weren't for the aggregator a lot of people would miss contracts they would otherwise not buy. I love shopping DVC resale but If I sit down to check each brokers site I get side tracked and make to maybe 2 brokers sites. The aggregator makes it easy and Im more apt to buy a contract I was not even looking for.

Oh those pesky aggregators that make it hard for certain brokers to float ridiculously high asking prices for certain contracts.

 

[Brian Noble]

I just don’t understand everyone’s problem with the $250 fee. They aren’t hiding it. And I would happily pay it when the contract is still much cheaper then the more popular brokers.

This. Money is fungible, and the only thing that matters is the out the door price. How one gets there isn’t that important.

 

[E2ME2]

This. Money is fungible, and the only thing that matters is the out the door price. How one gets there isn’t that important.

Hey, watch your Fungible language - this is Family Friendly site

 

[Brian Noble]

Just wait until you hear me talk about syncopation!

https://disneyworld.disney.go.com/entertainment/epcot/jammitors/

 

[E2ME2]

Just wait until you hear me talk about syncopation!

https://disneyworld.disney.go.com/entertainment/epcot/jammitors/

Technically, DVC Points are fungible also, at least at the 7-month mark, Riviera and newer resort restrictions excluded.
I remember our DVC guide - Rafael - in 2010 saying over and over again that "a point is a point is a point".
I didn't challenge him at the time, because I was brand-new to the whole DVC concept. However, the point based system appealed to us more-so than the traditional fixed week approach that was more prevalent at that time.

 

[E2ME2]

Just wait until you hear me talk about syncopation!

https://disneyworld.disney.go.com/entertainment/epcot/jammitors/

Yuup - love that "rat-tat-tat-tat-tat-tat on the drums"

 

[pzw90]

Looks like they updated their website today. No longer showing the price per point on the listings which is disappointing. Wonder how long until the aggregators adjust.

 

[disneylandtour]

Looks like they updated their website today. No longer showing the price per point on the listings which is disappointing. Wonder how long until the aggregators adjust.

I think they're redoing some of the code. A bunch of listings are still missing. Give it a day or two.

 

[pzw90]

I think they're redoing some of the code. A bunch of listings are still missing. Give it a day or two.

Looks like it’s back. Putting away my pitchfork

 

[TinkAgainU]

Looks like it’s back. Putting away my pitchfork

Haha, keep it handy.