Found another one....

[mustinjourney]

Question - If I can find 2 contracts with a reputable dvc broker vs. 1 big one with these guys, is it worth paying more? Easier to sell if decide to buy another resort... etc.

In my opinion, it would be worth the additional $800-$1000 to have two 150 point contracts as opposed to one big 300 point contract.

It gives you options down the road in the event you want to downsize but not get completely out of DVC.

It will also be easier to sell two 150 contracts than one big 300 pointer. Lot's more people can afford $15000 as opposed to $30,000. More potential customers means higher demand, which means easier to sell.

 

[kboo]

I tend to agree with Shellyred8 - look at how much you'd really be saving, versus the potential headache/unknowns with a broker who doesn't specialize in DVC. And I would only look at it as 320 2017 points available and 320 2018 points available, so you'd be comparing apples to apples.

One thought - even if it took you a little longer to find a second 150-170 point contract in your same use year, if you wanted 320 poinrs to use right away, if you had a not-stripped contract you could at least borrow from the next year and get going right away, and then have theoretically until 2018 to wait for your second contract. Nothing says you have to find both contracts now, unless you were planning a 640 point stay by June 2018.

 

[CarolMN]

Question - If I can find 2 contracts with a reputable dvc broker vs. 1 big one with these guys, is it worth paying more? Easier to sell if decide to buy another resort... etc.

It would be to me. I would not recommend this broker to anyone except a very experienced DVC / timeshare owner. Here is a link to a list of threads discussing other people's experience with them:

https://www.disboards.com/search/97930936/?q=sellmytimeshare&t=post&o=date&c[node]=28+89+187+119+188

You might also consider doing similar searches on other DVC boards that you may frequent.

 

[mustinjourney]

Here's a sampling from what CarolMN just posted...

"I did not have a good experience with them (and forget that Disney opted to exercise their ROFL on the contract we bid on- in hindsight its a blessing. Getting VGF instead). It took 8 days to get the initial paperwork (it was verbally accepted) then there was an error on it, so add another 5 days. They never provided me with a fully executed contract (after asking repeatedly)... And it took 33 days from when I signed the contract for them to "process the paperwork" and get it over to the title company and in front of Disney. Then it took over 2 weeks to get my $1600+ deposit back when the deal didn't go through. It would have to be a sweet deal for me to want to work with them again."

https://www.disboards.com/threads/anyone-have-any-experience-with-sellmytimeshare-co.3117173/

Run -- Run -- Run away. The person in the comment above wasted over 2 months of their life. 2 weeks to get contract signed, 33 more days to SUBMIT to ROFL, however long ROFL took, and another 2 weeks to get their deposit back. Not worth messing with in my opinion.

Like @CarolMN said -- unless you are experienced in already purchasing DVC -- it's going to be painful. No need to go through all of that.

 

[mustinjourney]

Here's another...

"Whirlbex.... be careful. As someone pointed out.. they really aren't as knowledgable with DVC resales as a couple of the other agencies. I had some knowledge of DVC as my brother-in-law has been a DVC member since 1994. After saying with them at BLT in the first of January, I got the bug again and started searching for listings. We have our first grandchild who is 2 and another on the way. I found a OKW listing extended to 2057 for 310 points at $60. I e-mailed SellMyTimeShares.com and received a call the very next day. The realtor over the next few days.. said that he couldn't get ahold of the Seller.. and another property just came available that wasn't on their website. (Sound familiar) But, I could have it if I committed right away. The listing was OKW.till 2042.. for 400 points and at $50. I said I would take it. I was concerned about the price not making it through ROFR.. but the realtor seemed to have me convinced that it would be ok. Documents were faxed right away.. and then I had to place $8500 in escrow with CCrd at TimeShareBrokerServices (A place that had issues in another thread). Everything seemed to be going quickly. Then that is where everything stopped. I expected that I would know within about 30 days if it made it through ROFR. I contacted the Realtor and broker services to find out that it hadn't even been sent yet. No explanation. After 2 months and watching all the DVC resale activity, along with about 50 phone calls, texts and e-mails.. still nothing, but I did get an explanation from someone who seemed to have a little more knowledge on DVC resale. but there were several things that didn't make sense. 1) This was a March UY, but the seller had something booked in February (Doesn't matter, the documents can still be sent to Disney for ROFR, just that you can't close until after the sellers booking) 2) For 400 point, you would think that there would have been some amount of points banked or used? Using 400 points exactly is possible, but not probable). So, I decided to ask for my money back. After 3 months, a credit was in my CCrd account and a refund has been issued. I've been going nuts and the stress has been overwhelming at times. 3 weeks ago, I decided to place an offer on another listing at OKW. I contacted DVCResales and there were several offers and mine wasn't excepted. But, I did get an offer to go through at the timeshareStore where I am in my 3rd week of waiting on ROFR. Mind you, I did this hoping that I would get the $8500 back, which it looks like I am finally going to get. So, I leave you with these points that I noticed were very different about dealing with DVC-Resales and the TimeShareStore compared to SellMyTimeShares and TimeShareBrokerServices: 1) You only need 10% down at DVC-Resales and The TimeShareStore , compared to 1/3 down at SellMyTimeShares. 2) Documents for Disney's ROFR should be sent right away. As a matter of fact, I received notice that my recent offer was sent to Disney for ROFR before they even received or I sent the deposit check. 3) Beware of what seems like low prices... Someone mentioned in another thread that the realtor/broker service gets commission whether you buy or Disney buys. So, go with a realtor that has some knowledge of what is happening in the DVC resale market. 4) This might not be of any consequences, but I did see the names of the sellers on my recent purchase, where as the sellers names were blank with SellMyTimeShares? The blank seller, makes you think "Is there really a seller" I have to wonder if they were looking to find a buyer that fit what I had offered? I have to say, the people were extremely nice and a special thanks to Iris at the BrokerServices that finally helped me get my money back.. But, the waiting is a very stressful and I would go with who can better serve your needs. Wish me luck on my most recent offer. 21 days into ROFR!"

 

[Sherrkel]

Hi Kim, I don't have any great insight to provide, but stopping by to offer my support for what you must be going through; DH and I have been considering DVC for a while now, and we think we're ready to really start looking and place an offer (or two, or three, depending on availability and ROFR, etc.). It's nerve wracking just getting to this point, so I feel for you as it seems you've been through so much already!
Hang in there , and wishing us both some in our search for our new DVC "home".

 

[Dean]

In my opinion, it would be worth the additional $800-$1000 to have two 150 point contracts as opposed to one big 300 point contract.

It gives you options down the road in the event you want to downsize but not get completely out of DVC.

It will also be easier to sell two 150 contracts than one big 300 pointer. Lot's more people can afford $15000 as opposed to $30,000. More potential customers means higher demand, which means easier to sell.

I would likely wait but the difference between 2 contracts and one is likely more in the $2K range. I would not buy to resell and I would not pay substantially more for the insurance to do so, certainly not 10% in this situation. As I've said previously, I would buy one contract not as large in this situation and then see how it goes.

 

[bumbershoot]

They have the maintenance fee listed as $870 per year -- which is not even close for 320 points...it's not even right for 160 points (which the one I'm looking at is showing two 160 point contracts for 320 points total).

There's a different one with the 150 points offer. That one has maint fees listed at 2,037.00.

 

[Kim Gillihan]

Here's a sampling from what CarolMN just posted...

"I did not have a good experience with them (and forget that Disney opted to exercise their ROFL on the contract we bid on- in hindsight its a blessing. Getting VGF instead). It took 8 days to get the initial paperwork (it was verbally accepted) then there was an error on it, so add another 5 days. They never provided me with a fully executed contract (after asking repeatedly)... And it took 33 days from when I signed the contract for them to "process the paperwork" and get it over to the title company and in front of Disney. Then it took over 2 weeks to get my $1600+ deposit back when the deal didn't go through. It would have to be a sweet deal for me to want to work with them again."

https://www.disboards.com/threads/anyone-have-any-experience-with-sellmytimeshare-co.3117173/

Run -- Run -- Run away. The person in the comment above wasted over 2 months of their life. 2 weeks to get contract signed, 33 more days to SUBMIT to ROFL, however long ROFL took, and another 2 weeks to get their deposit back. Not worth messing with in my opinion.

Like @CarolMN said -- unless you are experienced in already purchasing DVC -- it's going to be painful. No need to go through all of that.

Oh my gosh!! That is what I am afraid of.. I think I am passing and getting smaller contract to start with!! you guys are so great to take your time to help us newbies out here!! Thanks so much!

 

[Kim Gillihan]

Here's another...

"Whirlbex.... be careful. As someone pointed out.. they really aren't as knowledgable with DVC resales as a couple of the other agencies. I had some knowledge of DVC as my brother-in-law has been a DVC member since 1994. After saying with them at BLT in the first of January, I got the bug again and started searching for listings. We have our first grandchild who is 2 and another on the way. I found a OKW listing extended to 2057 for 310 points at $60. I e-mailed SellMyTimeShares.com and received a call the very next day. The realtor over the next few days.. said that he couldn't get ahold of the Seller.. and another property just came available that wasn't on their website. (Sound familiar) But, I could have it if I committed right away. The listing was OKW.till 2042.. for 400 points and at $50. I said I would take it. I was concerned about the price not making it through ROFR.. but the realtor seemed to have me convinced that it would be ok. Documents were faxed right away.. and then I had to place $8500 in escrow with CCrd at TimeShareBrokerServices (A place that had issues in another thread). Everything seemed to be going quickly. Then that is where everything stopped. I expected that I would know within about 30 days if it made it through ROFR. I contacted the Realtor and broker services to find out that it hadn't even been sent yet. No explanation. After 2 months and watching all the DVC resale activity, along with about 50 phone calls, texts and e-mails.. still nothing, but I did get an explanation from someone who seemed to have a little more knowledge on DVC resale. but there were several things that didn't make sense. 1) This was a March UY, but the seller had something booked in February (Doesn't matter, the documents can still be sent to Disney for ROFR, just that you can't close until after the sellers booking) 2) For 400 point, you would think that there would have been some amount of points banked or used? Using 400 points exactly is possible, but not probable). So, I decided to ask for my money back. After 3 months, a credit was in my CCrd account and a refund has been issued. I've been going nuts and the stress has been overwhelming at times. 3 weeks ago, I decided to place an offer on another listing at OKW. I contacted DVCResales and there were several offers and mine wasn't excepted. But, I did get an offer to go through at the timeshareStore where I am in my 3rd week of waiting on ROFR. Mind you, I did this hoping that I would get the $8500 back, which it looks like I am finally going to get. So, I leave you with these points that I noticed were very different about dealing with DVC-Resales and the TimeShareStore compared to SellMyTimeShares and TimeShareBrokerServices: 1) You only need 10% down at DVC-Resales and The TimeShareStore , compared to 1/3 down at SellMyTimeShares. 2) Documents for Disney's ROFR should be sent right away. As a matter of fact, I received notice that my recent offer was sent to Disney for ROFR before they even received or I sent the deposit check. 3) Beware of what seems like low prices... Someone mentioned in another thread that the realtor/broker service gets commission whether you buy or Disney buys. So, go with a realtor that has some knowledge of what is happening in the DVC resale market. 4) This might not be of any consequences, but I did see the names of the sellers on my recent purchase, where as the sellers names were blank with SellMyTimeShares? The blank seller, makes you think "Is there really a seller" I have to wonder if they were looking to find a buyer that fit what I had offered? I have to say, the people were extremely nice and a special thanks to Iris at the BrokerServices that finally helped me get my money back.. But, the waiting is a very stressful and I would go with who can better serve your needs. Wish me luck on my most recent offer. 21 days into ROFR!"

Wow.. thats horrible!!!

 

[Kim Gillihan]

There's a different one with the 150 points offer. That one has maint fees listed at 2,037.00.

crazy...

 

[Kim Gillihan]

I would likely wait but the difference between 2 contracts and one is likely more in the $2K range. I would not buy to resell and I would not pay substantially more for the insurance to do so, certainly not 10% in this situation. As I've said previously, I would buy one contract not as large in this situation and then see how it goes.

OK.... based on your suggestion I was looking for around 200, just haven't found it in my use year.... so I could make 160 work... I will keep looking.. thanks again.. so much!

 

[Dean]

OK.... based on your suggestion I was looking for around 200, just haven't found it in my use year.... so I could make 160 work... I will keep looking.. thanks again.. so much!

Being open to a wider range of contracts now increases your likelihood of finding the best contract otherwise in terms of price, UY and points accounting and ROFR as well to a degree. Just realize that once you find one, the second becomes automatically more difficult and likely more expensive for the same home resort, UY and smaller points unless you find 2 linked with one closing. And it will raise your price per point by likely about $5-10 per point ignoring points accounting. It could end up being as much as a $15-20 difference depending on your patience and exactly what you find esp since you're more likely to find a fully loaded contract on a larger one than the smaller full sized contracts. IMO the additional expenses are not worth it just for the exit strategy alone but the added benefit of a chance to try out the system and make a better long term decision for the possible additional points is a big plus.

 

[Nie0214]

I think it's worth getting 160-200 and adding on later based on all of your posts.

 

[mustinjourney]

Oh my gosh!! That is what I am afraid of.. I think I am passing and getting smaller contract to start with!! you guys are so great to take your time to help us newbies out here!! Thanks so much!

If I can prevent a car accident, it would be awful of me not to. Certainly don't want to tell you what to do, but I'd feel bad if I didn't at least throw out a warning.

 

[bumbershoot]

crazy...

But that's correct for 320 points from my quick math. That's the one you're looking at, not the one listed with $870 maint fees for 320 points.

 

[Kim Gillihan]

If I can prevent a car accident, it would be awful of me not to. Certainly don't want to tell you what to do, but I'd feel bad if I didn't at least throw out a warning.

appreciate it!!

 

[Kim Gillihan]

I think it's worth getting 160-200 and adding on later based on all of your posts.

just offering on akv 160 point, my use year! Go from here! Thanks again......

 

[Kim Gillihan]

But that's correct for 320 points from my quick math. That's the one you're looking at, not the one listed with $870 maint fees for 320 points.

I haven't looked at post in a while.. but its a total of 320 with 150 banked points.. great deal, hate to pass up, but i have already wasted too much time energy, can't afford more stress by dealing with a not so great company

 

[Kim Gillihan]

Being open to a wider range of contracts now increases your likelihood of finding the best contract otherwise in terms of price, UY and points accounting and ROFR as well to a degree. Just realize that once you find one, the second becomes automatically more difficult and likely more expensive for the same home resort, UY and smaller points unless you find 2 linked with one closing. And it will raise your price per point by likely about $5-10 per point ignoring points accounting. It could end up being as much as a $15-20 difference depending on your patience and exactly what you find esp since you're more likely to find a fully loaded contract on a larger one than the smaller full sized contracts. IMO the additional expenses are not worth it just for the exit strategy alone but the added benefit of a chance to try out the system and make a better long term decision for the possible additional points is a big plus.

I hear ya... I am making offer on 160 point AKV full 2017 points, june uy.... and would love to have bay lake too.... at some point, although there are a few june uy out there now so its tempting. I plan to have this a long time and pass to my son, so I agree that making best decision on right contract, right uy etc is more important...