how do you go about selling?

[Lisa F]

I've been watching a 50 point contract at BWV on ebay for a while and it's at $5,000 with 10 hours to go. This is making me seriously consider unloading our small contract that "doesn't belong" with the rest of our points and then rebuy points from disney so all of my points are at the same home. I won't give details because I don't want to be seen as soliciting a sale on this board, but my question really is, what are the mechanics of selling?

We own these points outright (they are not being financed). I know closing costs are a few hundred dollars. Do you just contact a reputable timeshare closing company and do they handle all of the paperwork? What are some closing companies that people have used? Is there an online resource for contracts and the like? I can read this listing (and others) for terms such as deposits etc but otherwise how do I go about doing this? I figure it will be a big hassle but might be worth it in the long run to not have to keep track of a few straggling points at a different resort.

 

[CarolMN]

If it were me, I'd just click on the link for the Timeshare Store -it's at the top of the page. They are the sponsor for the DVC Board and have a very good reputation. Several of the brokers post here, too. I'm sure they will answer all your questions and do a good "hassle-free" job of selling for you.

Best wishes -

 

[T.E. Yeary]

The Timeshare Store, Inc. will be happy to help you sell your points!

Look at the top of the page and click on the various titles to learn more.

I've also sent a PM to you!

Thomas E. Yeary (Tom)
The Timeshare Store, Inc.
Owner/Broker

 

[Lisa F]

Thanks, but the last time I looked into selling a 50 point contract the commission was prohibitively high. Tom, can you tell me what the commission would be on a 50 point contract? I must admit that $100/point and no commission (just ebay seller fees) sounds pretty good, but I'd be thrilled to be able to make enough to not have to lay out cash to buy 50 points to replace them at my primary home resort.

 

[Lisa F]

I guess there is another question, too. This contract has a December use year with all points coming in 12/05, no banked or borrowed points. Am I correct in that we have been paying dues all year long (since 1/05) for these points and somehow would have to account for those dues already paid for points that we will not use?

 

[CarolMN]

I guess there is another question, too. This contract has a December use year with all points coming in 12/05, no banked or borrowed points. Am I correct in that we have been paying dues all year long (since 1/05) for these points and somehow would have to account for those dues already paid for points that we will not use?

Technically, the dues you have been paying are for the calendar year 2005. When you purchased, Disney prorated the year's dues such that you started paying from your purchase date.

Dues are for a calendar year (as are the resort's operating expenses), not a use year. Some here will say that for a December use year, the dues you pay for January - November are for the 2004 points and the dues you pay for December are for the 2005 points. Some here will say those dues are for the points coming in 2005. IMHO, it doesn't matter because -

For a resale, payment of mainteneance fees is entirely negotiable - you & the buyer decide who pays what. That's the key - if you want the buyer to pay the dues for the 2005 calendar year, you just have to find a buyer who is amenable to that.

Best wishes -

 

[T.E. Yeary]

You may be better off trying E-Bay, our commission is 10% of the selling price. I don't see us getting you $100 a point for your 50pt package. At least not in 2005.


Good luck to you,
Tom

 

[T.E. Yeary]

The dues issue has been a battle on this board for some time. One side says he who uses the points, pays for the points. The other side does the proration.

Bottom Line: Carol is correct, it doesn't matter as long as the buyer and seller agree!

In a resale contract these issues are negotiable.

Tom

 

[Lisa F]

Carol, thanks. I never really thought about what dues go for what use year because we just pay our dues and use the points and that's the end of that. The December use year always messes with my head a little bit because it's virtually an entire year behind.

Thanks for the reply, Tom. We are not in a situation where we NEED to sell, it was just something I was mulling over in my head. It would be nice to be able to have all of my points at one resort but I need to figure out how much I am willing to pay for that convenience. At this point I am not willing to pay $1500 (what I'd spend buying 50 points at my home through disney vs. what I'd get selling my "orphan" points through a broker) for that convenience though. If I can snag someone who wants to get into the program for relatively few points and a relatively low cost through ebay with $70 in listing fees, I might be willing to give it a whirl. Nothing personal though! I'm sure you give great service to those who need it.

What I really would like to do is just do an outright trade. Does that ever happen?

Lisa

 

[CarolMN]

Even to just "trade", you essentially would be selling one contract and buying another. So there would still be closing costs to pay and both contracts would have to get by Disney's ROFR.

Best wishes -

 

[snowbunny]

There was a stripped 50-point BWV contract that sat on the TUG classifieds last year for weeks with no takers. I think the seller wanted $3750. Finally he put it up and ebay and I believe he got close to $5000 for it.
Seems like a no-brainer to me. The current ebay sale is going through a title closing company for a few hundred dollars.

 

[deide71]

I just checked out this auction on Ebay. This seller was gutsy and it paid off. They listed it with no reserve!!!! I would estimate they will pay ebay fees of $80-100 for the listing.

Looks like a risk worth taking.

Just in case, I would pay the extra money and set a reserve price.

 

[stenogoddess]

I've been watching those points on E-bay too. Not as much of a gamble as it first seems as far as no reserve. You've got Disney ROFR to get through so you don't really need the E-bay reserve price to keep it where you need it. If the price comes in too low, then Disney will just say no and that's the end of it. You'll get fair market either way.

If it helps your thought process, my husband and I were talking about wanting a small little contract like that one instead of a big one like the normal ones. So there are people out there who want that kind of thing.

Good luck!

 

[RobDoc]

I've been watching those points on E-bay too. Not as much of a gamble as it first seems as far as no reserve. You've got Disney ROFR to get through so you don't really need the E-bay reserve price to keep it where you need it. If the price comes in too low, then Disney will just say no and that's the end of it. You'll get fair market either way.

Actually, ROFR doesn't work that way at all. Once the seller has an accpeted offer, it is submitted to Disney. They can either allow the sale to go thru or buy it themselves for the offered price. If there is no reserve on e-Bay and the accepted price is too low, DVC will just buy it at the same price. Either way the seller gets the same price and if it's below "market" price, then it's sold to Disney at the same below "market" price.

If that's a concern, better to set a reserve.

As a buyer, as long as DVC is active with ROFR, I can see no benefit to purchase thru e-Bay or directly from an individual since ROFR will be the same thru a resale broker and then you have the added benefit of someone who will confidently walk you thru the purchase. As a seller, with no commission to pay, you may end up better off by selling it yourself - but the time involved and effort involved could make that extra amount seem smaller.

 

[stenogoddess]

Actually, ROFR doesn't work that way at all. Once the seller has an accpeted offer, it is submitted to Disney. They can either allow the sale to go thru or buy it themselves for the offered price. If there is no reserve on e-Bay and the accepted price is too low, DVC will just buy it at the same price. Either way the seller gets the same price and if it's below "market" price, then it's sold to Disney at the same below "market" price.

You've helped me understand something I didn't know I didn't understand. These boards are great!!

 

[gothmommie]

OMG - did you see? It sold for$6,102! Translates into $122 per point!

I would think most buyers are more informed than this particular Ebay buyer so this seller just made out.....big time!

 

[JimC]

...I must admit that $100/point and no commission (just ebay seller fees) sounds pretty good...

OMG - did you see? It sold for$6,102! Translates into $122 per point!

PT Barnum was right.

 

[PinkTink63]

I have been watching that one also. I can't believe someone paid that much! I fear that I'm never going to get to become a member. I was hoping I could find someone selling a small contract.
Does anyone know how they are selling 50 pt. contracts for SS on ebay. I thought the initial buy had to be 150 pts.

 

[deide71]

Don't people do their research??? Even fifty points is a large cash outlay, I would look into something before I spend six thousand dollars.

This buyer is going to be kicking themself when they see the true market value of what they just bought.

 

[JimC]

...
Does anyone know how they are selling 50 pt. contracts for SS on ebay. I thought the initial buy had to be 150 pts.

Only for new members. Current members could buy as few as 25 points, 50 if they required financing from Disney.