For those who have sold DVC on their own...

[Sammy]

I have a couple of questions for those of you who have sold DVC contracts on your own. Was it an easy process? Where did you list the contract? Did you use a specific contract template or purchase a generic one (like at Staples, etc)? After going through the whole process, would you sell again on your own or use a broker?

I'm trying to gather all info on both sides (broker vs. on our own). Any information would be greatly appreciated!

Thanks,
Sammy

 

[RobDoc]

For most, the toughest part of selling a resale is finding your buyer. If you already have that covered you can get a resale contract thru Timesharing Today (www.tstoday.com ) which is a magazine for timeshare owners.
If you need a buyer, you could list your contract at tug (www.tug2.net ) or, better yet, call The Timeshare Store for help with your sale. Their contact info is at the top of this board.
Good Luck!

 

[cruise-o-matic]

If you have BCV, FSBO is probably the way to go. Think about it:

1. BCV is in high demand, so you do not need someone to market it for you.
2. If you sell FSBO, pretty much the buyer has to do all the legwork.
3. If the buyer is informed (not to mention do all the legwork), then they are going to pay enough so that it passes ROFR. Why go through all the hassle and then have Disney buy it back?

redweek.com is a good FSBO outlet. That's how we found our contract.

If you have anything other than BCV (or maybe one of the other 2 smaller resorts - BWV or VWL), or don't have the time/patience to market on your own, then you are probably better off going through a reseller like TTS.

 

[Dean]

Essentially all a broker does is find you a buyer. They might do some hand holding but you don't seem to need that anyway. There's really two components, finding a buyer then closing including ROFR. Ebay, redweeks, TUG, bidshares are just a few places one can start for cheap listings. Most of the ones that specialize in DVC do so with non exclusive listings. That means they only get paid if they sell it. If you sell it, you still have all the same FSBO options available to you. Not many places where one can list totally free anymore. As for a deed, taking the old one or a copy of one that DVC uses in ROFR and adjusting the legal listing should be good enough. Even a quit claim deed can work with ROFR. I've sold two and bought one privately. I've also bought through a broker and found the private route actually easier. You might get a little more from a broker for certain properties, but I doubt enough to cover the commissions most of the time and in some cases, you might actually get more selling on your own. But it may take a little longer and be slightly more work to sell on your own.

 

[Sammy]

Thanks for the great replies everyone! Just a question on fees: What would a buyer expect to pay for a closing service? Are there any fees to submit for ROFR? If so, is that included in the closing costs or is it extra? If not included, who would generally pay that as well?

I really appreciate all the information....Thanks!
Sammy

 

[Dean]

Thanks for the great replies everyone! Just a question on fees: What would a buyer expect to pay for a closing service? What about ROFR fee? Is that included in the closing costs or is it extra? If not included, who would generally pay that as well?

I really appreciate all the information....Thanks!
Sammy

A full closing is usually in the $250 to $450 range. You can do it yourself for just the recording fees. No fee for ROFR through DVC. These fees are usually paid for by the buyer but like all else, is negotiable.

 

[CALNEVA DISNEYFANS]

Ive sold my OKW contract myself. I used the contract that originally used to buy it. I listed the contract on the TUG users group, and used First American Title for closing. EASY.

 

[Sammy]

Thanks everyone! As usual, Dis'ers are full of all the right information!

Sammy