Is this true?

[s830632]

You guys are probably getting sick of me by now I emailed my guide yesterday letting him know that I decided to buy resale instead of direct. He emailed me back today and said that I should be skeptical about my resale purchase because he said that the paperwork all had to be submitted via FedEx and that there was a chance that it might not have made it on time, since it was all done yesterday. The TimeshareStore wouldn't have told me that it was submitted to Disney unless it actually was, right? Is there an easy way to verify that I was "grandfathered" before I actually pay for the contract, assuming I don't get ROFR'd?

I really don't need another thing to worry about. Man, I don't know how you guys survived this wait, I'm only 1 day into it!

 

[DVCconvert]

The TimeshareStore wouldn't have told me that it was submitted to Disney unless it actually was, right? Is there an easy way to verify that I was "grandfathered" before I actually pay for the contract, assuming I don't get ROFR'd?

I really don't need another thing to worry about. Man, I don't know how you guys survived this wait, I'm only 1 day into it!

Have you considered taking a Lamaze course?
OK...now breathe deeply!

No broker who's going to stay in business will outright lie to you - particularly in writing as I'm sure they sent you an email telling you it was submitted.
Second, you will NOT be paying for the contract until after it the rofr period is over. If the point use were to be restricted, TTS has to tell you that before it closes.

Your guide may have been "put off" by losing a sale and just wanted to jab at you abit.

 

[JimMIA]

I emailed my guide yesterday letting him know that I decided to buy resale instead of direct. He emailed me back today and said that I should be skeptical about my resale purchase because he said that the paperwork all had to be submitted via FedEx

This is a lie. In the timeshare industry, it is called weasel-speak.

The TimeshareStore wouldn't have told me that it was submitted to Disney unless it actually was, right?

No. If they told you it was submitted, it was submitted.

 

[dbs1228]

When I told my guide we were buying resale last year I was told that "there are nightmare stories out there and you better be very careful" I asked what could go wrong and I was told that "even though the contract says it has 160 banked and current UY points by the time you get the contract it could be completely stripped of all points including borrowed forward points, it has happened so be careful" After contacting TSS they reassured me that the day before closing they would be happy to pull a activity report directly from dvc to show me the points are still in tact before the contract closes. I took them up on it and sure enough everything was exactly like it was suppose to be!

 

[s830632]

Wow, has that really happened or was the guide just trying to scare you? Geez, that would be really crappy of a seller to do, does the broker have any means of preventing the seller from using the points after a contract has been signed?

 

[DVCconvert]

Wow, has that really happened or was the guide just trying to scare you? Geez, that would be really crappy of a seller to do, does the broker have any means of preventing the seller from using the points after a contract has been signed?

The closing process protects you from this. The $$ you pay for closing covers title insurance/and verification of the contract. So the guide was trying to instill fear of the resale process on someone he/she assumed was ignorant of the actual process.

 

[KAT4DISNEY]

1st rule of buying resale after having talked to a guide about buying direct - Don't call the guide and tell them you've bought resale.

And yes - guides will make up resale horror stories.

 

[Buckeye Fan]

I have purchased 4 contracts through resale, sold 2 contracts, and am in the process of (crossing my fingers) purchasing three more. Have worked with 3 reputable resale brokers, and everything has gone really, really well. I know things happen, but those are definitely exceptions. The Timeshare Store is really reputable and will do everything in their power to make sure you have a great experience, and that you get what you thought you were purchasing.

We had a really nice guide, but I can tell you he wasn't too happy with us when we told him we were going the resale route. Fortunately, he didn't throw too many scare tactics our way, but did warn me about working with a reputable resale company. He didn't say who, but I had done enough research at that point to know who those companies were.

Again, I can only go on experience, but have had wonderful experiences with the resale market thus far! And no matter how you slice and dice it, the little extra stress (waiting for ROFR) and hassle (finding the right contract and negotiating price) far outweigh direct prices (at least for us, anyway)! Wishing you the best of luck, and brace yourself, the next 30 days are pretty tough. I am in the same boat as you, have done it before, and I still don't feel any less anxiety around the whole ROFR process.

 

[s830632]

Thanks for the info, I guess I'm one of those people ignorant of the process, but you guys are really helping me understand how this all works and I really appreciate that.

There are a ton of things I suppose I could be worrying about, but I guess in the end I'll end up with a DVC contract, whether through resale or direct (if I get ROFR'd), so I suppose I'm worrying for nothing (I really didn't make myself feel any better by saying that, but I figured I'd try ).

 

[DVCconvert]

Thanks for the info, I guess I'm one of those people ignorant of the process, but you guys are really helping me understand how this all works and I really appreciate that.

There are a ton of things I suppose I could be worrying about, but I guess in the end I'll end up with a DVC contract, whether through resale or direct (if I get ROFR'd), so I suppose I'm worrying for nothing (I really didn't make myself feel any better by saying that, but I figured I'd try ).

We all understand. We've all been where you are now.
But please, try not to worry - especially about ROFR. This has been a highly unusual period in time, DVC basically prior to today has walked away from exercising rofr. I'm sure your's too will pass!

 

[Sandisw]

Your resale broker would not have assured you that it was submitted when it was not.

However, if you want to be sure and it will ease your mind, just contact them and have them verify for you the date that it was sent.

Good luck!

 

[dbs1228]

1st rule of buying resale after having talked to a guide about buying direct - Don't call the guide and tell them you've bought resale.

And yes - guides will make up resale horror stories.

I do agree, it was for sure scare tactic. The guide had called me since we were doing a small add on at BLT and he knew that we really wanted SSR for THV and that is how the resale came up. Agree again - don't call the guide and let them know you bought resale, I am sure they have many "stories" to tell!

 

[rock_doctor]

Actually in your case i would make it a point to call him and tell him when you get it back from ROFR, when you sign the final contracts, when you close and when everything goes to Disney and the last call i would make is to request a new guide. I guess the original idea was the guide was to be there in case you need anything or help with anything to make DVC feel more personable but in reality they are just salesman and once you buy in they are done with you. I am sure everything is just fine and watch the clock. You should hear officially in ~28 days from the day Disney got it. Good luck

 

[ORD2KOA]

When I told my guide we were buying resale last year I was told that "there are nightmare stories out there and you better be very careful" QUOTE]

One word: Salesmen.

 

[TisBit]

Actually in your case i would make it a point to call him and tell him when you get it back from ROFR, when you sign the final contracts, when you close and when everything goes to Disney and the last call i would make is to request a new guide. I guess the original idea was the guide was to be there in case you need anything or help with anything to make DVC feel more personable but in reality they are just salesman and once you buy in they are done with you. I am sure everything is just fine and watch the clock. You should hear officially in ~28 days from the day Disney got it. Good luck

This is one of those situations and actions that just doesn't make sense to me. Why antagonize someone doing their job? Maybe the guide didn't know when it was submitted and was giving words of caution.....or maybe at worst they were giving a last ditch attempt to get the sale. I personally would not have even told the guide I decided on resale, unless he called and asked.....I just don't get where two wrongs make a right by acting like you are one up on the guy.

 

[s830632]

I agree, I'm not trying to suggest that the guy did anything wrong, I think it was a legitimate concern to have seeing as it was right on the deadline when this was submitted. I wouldn't have asked the question if I thought it was just a sales tactic. As for why I emailed the guide and told him I was going resale instead, it's because he was waiting for me to get back to him and I just thought it was rude of me not to.

 

[blizzard]

In defence of the guides, I'm sure there are many, many legitimate stories of resales gone wrong. You can avoid a resale nightmare by buying from a reputable broker and using title insurance.

Where things go wrong (for some examples) is when you are buying on ebay, and decide the cost of title insurance is too much, or when the broker is not familiar with ROFR and tries to push through the sale without it, or you are buying from a friend and have no idea of what papers need to be filed when. If you do your own due diligence there is no reason to be afraid of resales, but certainly there are resales gone bad, and a salesman is not lying by telling you that.

 

[Mtnman44]

Sometimes the Disney marketing makes us forget the truth. These people are salesmen, not a personal Disney friend or consultant. Every moment they spend for your or with you is centered around generating a new sale, either directly or indirectly. This is their job. It should be expected that they will discourage your resale and use saleman "distraction speak" in order to save a deal.

 

[TisBit]

In defence of the guides, I'm sure there are many, many legitimate stories of resales gone wrong. You can avoid a resale nightmare by buying from a reputable broker and using title insurance.

Where things go wrong (for some examples) is when you are buying on ebay, and decide the cost of title insurance is too much, or when the broker is not familiar with ROFR and tries to push through the sale without it, or you are buying from a friend and have no idea of what papers need to be filed when. If you do your own due diligence there is no reason to be afraid of resales, but certainly there are resales gone bad, and a salesman is not lying by telling you that.

I completely agree, while there are a lot of people here on the Dis that use TSS or other reputable brokers, there are lots and lots of other people that want to save money, so they try to sell/buy on their own and don't get it all right

I am sure there are people that have been scammed out of points. I know there were even posts here, where the contract did not contain the points as advertised or the owner did something after the contract was submitted.

 

[Jason@dvcstore]

1st rule of buying resale after having talked to a guide about buying direct - Don't call the guide and tell them you've bought resale.

Jason