Need immediate advice

[muppets3d]

Just curious, do you know if there a formal or informal process to do this other than ROFR? Is it just, you contact them and see what they say? I would presume it's probably a worse deal than what the site sponsor would do with an instant sale.

Instant sale from the site sponsor really just means you sell it to them at their bottom dollar price. It's not instant. You still have to wait for rofr etc. Disney doesn't need to rofr itself.

 

[airjay75]

Instant sale from the site sponsor really just means you sell it to them at their bottom dollar price. It's not instant. You still have to wait for rofr etc. Disney doesn't need to rofr itself.

Yeah, I guess my question is whether there are people who have successfully contacted DVD directly and been able to sell their points back to them. Just curious if you or others have heard of this happening and/or how it compares to the instant sale prices the site sponsor offers.

 

[muppets3d]

Yeah, I guess my question is whether there are people who have successfully contacted DVD directly and been able to sell their points back to them. Just curious if you or others have heard of this happening and/or how it compares to the instant sale prices the site sponsor offers.

Oh I don't know about pricing, I would imagine the pricing is somewhat lower than the open market (and probably lower than instant sale with the sponsor).

 

[tarheellovesdisney]

Must sell xxxx (removed) contract immediately due to extreme change in life circumstances. Who would you use for a contract that large?
Thank you

deleted since website wouldn't post

 

[bookbabe626]

I will add my disgust of the board sponsor. I haven’t sold with them, but as a buyer I would rather not buy at all than have to deal with them. I’ve dealt with two other brokers with a much better experience. YMMV.

I’d recommend going on dvcforless and seeing what contracts, prices, brokers are out there, and use that data to decide who to sell with and for how much.

 

[atthebeachclub]

We've had good experiences with https://www.dvcbyresale.com/.

I bought from them. I didn’t love it. Deal eventually closed though.

 

[kgou]

Must sell xxxx (removed) contract immediately due to extreme change in life circumstances. Who would you use for a contract that large?
Thank you

I am sorry to hear about your change in circumstances and that you are having to unload this contract. sending you best wishes for a speedy sale.

 

[AstroBlasters]

I will add my disgust of the board sponsor. I haven’t sold with them, but as a buyer I would rather not buy at all than have to deal with them. I’ve dealt with two other brokers with a much better experience. YMMV.

I’d recommend going on dvcforless and seeing what contracts, prices, brokers are out there, and use that data to decide who to sell with and for how much.

Was it because you were making lowball offers that they didn’t want to play ball with?

I think I have 17 total contracts and have worked with all of the brokers in some capacity.

Most of the people on DIS are making offers at the lowest end of the price scale and get their feathers ruffled if a low ball offer isn’t received well.

Trying to go direct to Disney or the Instant Sales Price is likely the worst price one could get.

On a 75pt BC contract…. that will move anywhere so you can go lowest commission broker and be just fine.

A 520pt contract? You need a firm that gets a lot of eyeballs and the board sponsor is a darn near monopoly on sponsorship of DVC related podcasts, websites, etc.

 

[VGCgroupie]

For the most money board sponsor, but I understand not everyone loves them especially with your past experience. Fidelity moves contracts quick and they have a ton of eyes other site, they also charge less commission so they are worth a look imo.

 

[VGCgroupie]

We've had good experiences with https://www.dvcbyresale.com/.

I have bought from them. I would not use them to sell. She also does not move contracts quickly but does get good sale prices.

 

[bookbabe626]

Was it because you were making lowball offers that they didn’t want to play ball with?

I think I have 17 total contracts and have worked with all of the brokers in some capacity.

Most of the people on DIS are making offers at the lowest end of the price scale and get their feathers ruffled if a low ball offer isn’t received well.

Trying to go direct to Disney or the Instant Sales Price is likely the worst price one could get.

On a 75pt BC contract…. that will move anywhere so you can go lowest commission broker and be just fine.

A 520pt contract? You need a firm that gets a lot of eyeballs and the board sponsor is a darn near monopoly on sponsorship of DVC related podcasts, websites, etc.

Slow to respond. Was making a full price offer and didn’t answer for days. Missed out on that contract and they didn’t really care.

Next one, they wouldn’t even ask the seller about an offer any lower (was $5 lower) than asking. Which isn’t their call. I’d have been fine if the seller came back in the middle, or even with a no negotiation, thanks. But they said flat out they (the broker) weren’t willing to do the back and forth of negotiation.

And they were rude about it both times. So I moved on to other brokers who are nicer to deal with, and I’ve gotten three (with a fourth in ROFR as we speak) good contracts at prices I can live with.

Again, YMMV. If you’ve had good experiences with them, I’m glad for you. Thankfully, there are lots of brokers so we can all work with ones we prefer. Besides, I find it’s the title company that’s more important anyway, that’s crucial to have a good one that responds quickly and handles all the steps accurately and in a timely fashion.

 

[muppets3d]

In a world with dvcforless, does broker matter in terms of getting eyeballs to your listing?

 

[AstroBlasters]

In a world with dvcforless, does broker matter in terms of getting eyeballs to your listing?

The majority of resale buyers are not using DVCforLess.com and have no idea that it exists.

Most people who are interested in DVC and don’t buy direct Google something like “is DVC a scam” or “is DVC worth it” and it takes them to some content or article where the board sponsor is the main sponsor and directs people to their site and their lender.

 

[pzw90]

In a world with dvcforless, does broker matter in terms of getting eyeballs to your listing?

I think it does in a way. Every other podcasts advertises the board sponsor, not the aggregator.
Will you eventually find it if you go down the rabbit hole? Probably. Are most people going to dig that deep? Maybe not

 

[AstroBlasters]

Slow to respond. Was making a full price offer and didn’t answer for days. Missed out on that contract and they didn’t really care.

Next one, they wouldn’t even ask the seller about an offer any lower (was $5 lower) than asking. Which isn’t their call. I’d have been fine if the seller came back in the middle, or even with a no negotiation, thanks. But they said flat out they (the broker) weren’t willing to do the back and forth of negotiation.

And they were rude about it both times. So I moved on to other brokers who are nicer to deal with, and I’ve gotten three (with a fourth in ROFR as we speak) good contracts at prices I can live with.

Again, YMMV. If you’ve had good experiences with them, I’m glad for you. Thankfully, there are lots of brokers so we can all work with ones we prefer. Besides, I find it’s the title company that’s more important anyway, that’s crucial to have a good one that responds quickly and handles all the steps accurately and in a timely fashion.

I understand why you wouldn’t want to BUY from them…. but that is very different than SELL through them.

You are not correct that they have to present every offer, as they may have already had directions from the seller to not hear any offers that are under list price.

In both cases it seems that the contracts sold and likely for the same or high than you offered.

I’m not saying that was not poor customer service on their part…. but they move something like 60% of all DVC contracts in the industry and seem to get higher prices than most other brokers.

 

[muppets3d]

The majority of buyers are not using DVCforLess.com and have no idea that it exists.

Most people who are interested in DVC and don’t buy direct Google something like “is DVC a scam” or “is DVC worth it” and it takes them to some content or article where the board sponsor is the main sponsor and directs people to their site and their lender.

The majority of buyers buy direct and never consider resale so anyone buying resale is already more plugged in than your average bear. And it stands to reason that if they're considering resale they've done enough research to where they've discovered dvcforless.

I think it does in a way. Every other podcasts advertises the board sponsor, not the aggregator.
Will you eventually find it if you go down the rabbit hole? Probably. Are most people going to dig that deep? Maybe not

if you google dvc resale, the board sponsor is the first result of course since that's their name - but dvcforless is literally the second result. they appear ahead of fidelity and any other broker.

 

[Genie+]

It would be helpful to see the actual offer on Instant Sale. Not just the estimate tool. Then work out how much would end up in your pocket after taking into account dues credits, commission, etc.

Take a look at a resale aggregator for current contracts on the market. Use the filter for your resort, a window around your contract size, and get an idea of the lowest asking prices today. Keep in mind how yours compares to others regarding stripped/loaded and which expiration date you have. Try to figure out a reasonable rock bottom price just enough under the lowest prices others are asking that makes it likeliest to sell by next week.

Contracts on the resale market can move pretty quick at the right price. I’d want to compare how wide the gap is between my instant offer and that price. Then take a look at the commission percentages across a handful of popular brokers and work out if final proceeds stand a great chance of being substantially higher than Instant, enough to make extending the process by a couple weeks worthwhile?

From what I’ve compared, selling the regular way will likely put another 20% in your pocket vs Instant, possibly more. What might matter most though… if Instant gives a much sooner close by date than anything else?

 

[cruisehopeful]

Large contract will take a while to sell. However, if you bought it long ago (and I think you did unless I'm mixing you up with someone else), it might be worth listing it at a price much lower per point than what similar listings are listed at and just not caring if Disney exercises ROFR because you still get your sales price anyway. Depending on how long ago you bought, a ridiculously low priced contract is probably still going to sell for more than what you paid for it.

I realize that you have a disdain for the board sponsor because of one sales agent. You can potentially just reach out to Derek and ask him to handle everything for you. He strikes me as the type of person who would do that for you. If you don't want to take the risk that you'll have to interact with the one agent at all, definitely check with DVC to see if they will do a buy back and check Fidelity (only mentioning them because they are Disney's "preferred reseller") to see what they recommend listing for and how long they think it'll take to sell.