Looking into selling my DVC..

[trainboyjon]

Hey all.

Yep, I've come to terms that when I made the decision to purchase pts at that it prob wasn't the best long term deal for myself. A lot has happened since the purchase that has made it more difficult then i would have thought it could be. yep, took payments instead of payoff. Learned a lesson there. It's something that I want to keep, but in our economic world we are in anymore it's not feasible to keep at the moment.

I guess I'm looking for some advice/feedback from the wonderful DIS boards community on how or where to sell the pts to/with. Just starting the process of thinking on selling and not 100% where to start. Any advice and feedback would be wonderful everyone. Thanks!

 

[chalee94]

i'd contact the timeshare store.

http://www.dvc-resales.com/

your post might be edited as you cannot offer a contract for sale here.

 

[HookdonWDW]

Sorry that you have to sell. I don't know your financial position, but you may want to look and see if you can rent your points to cover your dues and loan if you aren't quite sure you want to sell yet. When you're comparing renting v. selling, don't forget that you'll have to pay the sales agent.

 

[kate2961]

We had two different DVC contracts and we sold them.

We actually bought and sold both contracts through the Timeshare Store. I highly recommend them. No problems on either the buy or sell. You can sell at the price you want and see from their listings what prices are being offered on other resales.

I agree that you should also consider whether renting will work for you.

Good luck.

Kate

 

[DougEMG]

I would also recommend the Timeshare Store.

 

[JimMIA]

There must be an echo in here, because I also strongly recommend The Timeshare Store.

I've sold two contracts through them and have had wonderful results. One of the contracts I listed with another broker at the same time and got absolutely zero results. Nice people, but no results.

*****
Since you financed, you need to research the balance on your loan before you list the contract -- and compare that payoff with the net you will likely receive from a sale, including your commission.

The typical commission is 10% -- so if you sell for $10,000, the commission would be $1,000 and you'd net a little less than $9,000 (there are a couple of very small charges paid by the seller). If you agree to pay closing costs, or some portion of dues, that would reduce your net proceeds.

If the net/net is more than your loan balance, you're golden.

If the loan balance is greater, you will have to pay IN to close. If that's the case, you may want to consider renting points for a few years until you can either pay down the loan or save the money needed to close.

 

[JimC]

Add another echo for The Timeshare Store. I have used them to buy and sell with excellent advice, results and service.

 

[htmlkid]

I have some points listed with Sharon and she has been great.

 

[JimMIA]

I have some points listed with Sharon and she has been great.

You might want to list with TTS. TTS does not co-broker, so listing with Fidelity doesn't also list with TTS. Many feel you'll get a better selling price, and certainly better service, with TTS.

 

[stevelee]

My experience with the timeshare store was great. I would recommend them

 

[htmlkid]

You might want to list with TTS. TTS does not co-broker, so listing with Fidelity doesn't also list with TTS. Many feel you'll get a better selling price, and certainly better service, with TTS.

Thanks, maybe I'll consider it when my listing expires with them

 

[JimMIA]

Thanks, maybe I'll consider it when my listing expires with them

Listings of timeshares are not exclusive. You can list with as many brokers as you want at the same time.

In fact, there is a big advantage to listing with multiple brokers at the same time because their advertising reaches different audiences. Obviously the more potential buyers you are exposed to the better for you.

 

[htmlkid]

I didn't realize that. I initially thought it was like listing a house and the listing would be shared like a residential MLS does. I will have to read my contract.

Thanks

 

[htmlkid]

The contract I signed with fidelity states in paragraph 2 the seller gives broker the exclusive right of sale for a duration of six months..

So by that I guess I'm committed to just them

 

[JimMIA]

The contract I signed with fidelity states in paragraph 2 the seller gives broker the exclusive right of sale for a duration of six months..

So by that I guess I'm committed to just them

That's ridiculous. I would say I changed my mind and had decided to take the contract off the market.

Then list it with TTS and any other broker you want who does not tie you down to an exclusive listing. Resale values spiked a short time ago and are still relatively high. If you wait for six months (with a broker who has no incentive to sell your contract because they have you locked in), the price could drop significantly.

 

[JimMIA]

duplicate post

 

[dbs1228]

That's ridiculous. I would say I changed my mind and had decided to take the contract off the market.

Then list it with TTS and any other broker you want who does not tie you down to an exclusive listing. Resale values spiked a short time ago and are still relatively high. If you wait for six months (with a broker who has no incentive to sell your contract because they have you locked in), the price could drop significantly.

I agree with JimMIA I would tell them you want to take it off the market for now.