Have buyer...what now???

[Bigcat]

I am selling one of my add-on contracts to a friend. I don't think I need a resale company to help. What I do need is a recommendation as to a title company to handle the paperwork. I already received info from Member Services but they only have resale companys listed. Please help with recommendations and your similar experiences.

Also, I am selling at $70/pt. Will DVC let it go through, or will they buy it back? What are your recent experiences?

Thanks!!!

 

[RobDoc]

You need to submit the offer to DVC- MS can advise the format to do so.

<a href="http://www.timeshareclosingservices.com">Timeshare Closing Services</a> can probably assist with closing details.

They handle closings for many brokers.

Good Luck!

 

[Dean]

You may want to consider one of the online services like Prodox or Timshare Transfers. There are a number in FL. I used Voigt and Voigt the last couple of times and Sunbelt Title before that. They are all a little expensive for your situation though. You could even do a quit claim deed yourself then all you're looking at is the transfer fee and recording/tax issues. Submitting to DVC for the waiver of ROFR is the easy part.

 

[zurgswife]

We are in the process of an indivdual sale and are using Timeshare Closing Company...fees aren't too bad..

 

[JKD]

"Also, I am selling at $70/pt. Will DVC let it go through, or will they buy it back? "

I have no knowledge of the ROFR cutoff for Disney (although I am curious myself). But why don't you just sell it to you friend for $75 per point and pay them back a finder's fee for the $350 difference?

John

 

[RobDoc]

Originally posted by JKD

I have no knowledge of the ROFR cutoff for Disney (although I am curious myself). But why don't you just sell it to you friend for $75 per point and pay them back a finder's fee for the $350 difference?

John

You will need to disclose all financial aspects of the transaction, including a finder's fee. Legally, DVC has the right to the same terms offered by the buyer. They would have opportunity to receive the same finder's fee.

 

[KellyDVC]

as well as one we sold on our own. TCS even faxed me a blank contract to use, handled the escrow (I think), etc. No more difficult than closing through an agent.

As far as ROFR, I suggest having the buyer pay this year's maint and closing fees in the contract. From reviewing these boards, it looks like Disney is more likely to exercise if these costs are paid by the seller (meaning Disney would not have to pay these expenses if they exercised their ROFR). My $.02 anyway.

Thanks.