Good decision?

[Annielkd22222]

I have been looking at the selling price for every DVC resale deed for the last 6 months, so yeah, I know for sure how many resales there are each month.

The turnover each month is pretty close to 100%, meaning that most listings clear within a month. If you've got a BLT deed listed at $102 (I'm assuming it's BLT, since that's the only other resort around that price point), that's a little on the high side, but not by a lot. In September the median price recorded for BLT was $97.50/pt, which is down $0.50 from August at $98/pt. The market's a little down in volume since the summer, and that will probably either depress prices or slow down their increase. But if you've got your property listed with The Timeshare Store, and it's priced reasonably, there's not a lot more you can do.

If it's a larger contract, it's going to take a little longer because you need to wait for someone with the wallet size necessary to buy. Just be patient. If you aren't a huge hurry to sell, let the ebb and flow of sales be your friend. And if you're in a huge hurry to sell, list it at $95 and it'll be sold tomorrow.

Thanks. I messed up and put it on sellmytimesharenow first. So the only way I can get that money back (providing they actually were honest about giving that money back) is if I sell it for the price they list it at. So, I can't go below 100. I read somewhere that people like to negotiate, and I'm sure that 2.00 isn't that much room to play with, but it was the best price I could do. Yeah, I should have done more research first. I can wait a while....just hope the norm price doesn't go down. From your data it seems like the price is going down.

 

[dmunsil]

Thanks. I messed up and put it on sellmytimesharenow first. So the only way I can get that money back (providing they actually were honest about giving that money back) is if I sell it for the price they list it at. So, I can't go below 100. I read somewhere that people like to negotiate, and I'm sure that 2.00 isn't that much room to play with, but it was the best price I could do. Yeah, I should have done more research first. I can wait a while....just hope the norm price doesn't go down. From your data it seems like the price is going down.

Ah. I think you could just treat that money as sunk cost and proceed as though you hadn't made that deal. But if you're not in a hurry, just hold firm at $100, and eventually either someone will bite or the market will shift enough that it'll be clear you have to go lower. But there's not any downside to trying to get the $100 except that it might take a little longer.

 

[Annielkd22222]

I would if I could afford that....which I can't. I have a pretty tight margin of what I can sell at to not lose money ( and still cover the commission). I'll just wait. Unfortunately, it's a bigger contract. If it were 100 points I'll bet it would be sold by now.

 

[dbs1228]

Congrats on your purchase! I do not think you will be disappointed!

 

[Dean]

Thanks. I messed up and put it on sellmytimesharenow first. So the only way I can get that money back (providing they actually were honest about giving that money back) is if I sell it for the price they list it at. So, I can't go below 100. I read somewhere that people like to negotiate, and I'm sure that 2.00 isn't that much room to play with, but it was the best price I could do. Yeah, I should have done more research first. I can wait a while....just hope the norm price doesn't go down. From your data it seems like the price is going down.

Most companies that charge you up front are a scam, the rest are a poor choice. I think you can assume any money paid is simply lost. You could ask them for a refund, you could pursue with the AG in the state you are in or where DVC is. You could get an attorney to write a letter but in the long run, you will be out any upfront money. If you truly need to get out better to sell at a "reasonable" price and ante up any additional money needed. Else try to rent it out to cover your costs. You're wasting your time holding out for an above market price for the contract in question.

 

[MrsB919]

Congrats on your purchase! I do not think you will be disappointed!

Thanks! I'm really excited. Already planning for our first stay hopefully for next Oct. although trying to convince hubby for sooner.

 

[Annielkd22222]

Most companies that charge you up front are a scam, the rest are a poor choice. I think you can assume any money paid is simply lost. You could ask them for a refund, you could pursue with the AG in the state you are in or where DVC is. You could get an attorney to write a letter but in the long run, you will be out any upfront money. If you truly need to get out better to sell at a "reasonable" price and ante up any additional money needed. Else try to rent it out to cover your costs. You're wasting your time holding out for an above market price for the contract in question.

How do you know when it's an above market price? The price I listed at was the price recommended to me by several different companies.

 

[Msmithmd]

Annielkd, after watching the market closely for a couple years I think this is a reasonable assessment: The DISboards thread on what is getting past ROFR suggests the floor (lowest prices) of the current market. Average price listings at The Timeshare Store reflect the generally highest asking prices in the market. One will also see some truly crazy ask prices (on occasion higher than direct) on the Fidelity site. This appears to be people who have big loans or totally unrealistic expectations, and for whatever reason Fidelity goes ahead and lists at those prices. But of course no informed resale buyer is purchasing one of those contracts. And ask price, versus the accepted negotiated final price, aren't the same thing much of the time. Like any major private party transaction (house, car, etc) the "fair" price is what you are able to get someone willing to pay. If you aim your ask price at the bottom of the market, prospective buyers will snap up your offer. If you aim for market top, it may be a while. Only time will tell.

 

[Dean]

How do you know when it's an above market price? The price I listed at was the price recommended to me by several different companies.

I apologize if I read more into your posts than was there. I read it as you were trying to sell a smaller contract (maybe 100 and expecting to get at least $100 a point. If I misread, I apologize. other than VGC & VGF, I don't think you have a chance at that not even at BLT most likely and certainly not at AKV. I don't know who you talked to but if you talked to several, I'm wondering why you would pay an up front fee. Plus listing prices aren't necessarily selling prices. My thoughts remain the same. Most timeshare for sale companies do non exclusive contracts so you might be able to sell it somewhere else, I'm not sure about theirs. I don't think who you listed with is a total scam but I don't think they sell many either, at least not at the higher prices. I truly hope it works out for you.