New $500 Resale DVC Transfer Fee

[Stank]

People act like there’s all these bright lines with timeshare laws and dues, and there really, really aren’t. Housekeeping dues up 17% when housekeeping wages are publicly 4.35% posted year over year, huh? So the rooms that are cleaned 1-2 times a week are suddenly using 900% more Clorox, huh?

Just as this $500 “cost recovery” that was just stumbled upon after 30+ years of DVC won’t result in lower fees or pricing for those entities who shouldered the burden for 30+ years subsidizing what resale was getting “for free.”

Can we stop pretending the world and timeshare laws really are that precise? Nonprofits or revenue neutral organizations have no profit, but often have quite interesting budgets.

 

[Sandisw]

I think it was within the Member Administation budget, but now they are passing some of the expense along to the resale members by instituting the fee. When I bought resale in 2023, it took 2-3 weeks to get the contract loaded and another few days to get the points loaded. They probably needed to add to staff to account for more buy/sell transactions.

MA has always done the work but just to clarify for others MA is funded by DVD for the tasks related to the creating and transferring of memberships.

MA also could do work for owners that is partially funded via the 12% management fee when it’s not related to this.

 

[pzw90]

People act like there’s all these bright lines with timeshare laws and dues, and there really, really aren’t. Housekeeping dues up 17% when housekeeping wages are publicly 4.35% posted year over year, huh? So the rooms that are cleaned 1-2 times a week are suddenly using 900% more Clorox, huh?

Just as this $500 “cost recovery” that was just stumbled upon after 30+ years of DVC won’t result in lower fees or pricing for those entities who shouldered the burden for 30+ years subsidizing what resale was getting “for free.”

Can we stop pretending the world and timeshare laws really are that precise? Nonprofits or revenue neutral organizations have no profit, but often have quite interesting budgets.

Please, not again

 

[Stank]

Please, not again

No thanks. Next.

 

[mkatsy]

Orange County Comptroller charges $19.20 to transfer (gratuitous) ownership of a timeshare. Where is Disney getting an extra $480.80 worth of expense for virtually the same task … are the hallways paved with gold?

 

[VGCgroupie]

Just as this $500 “cost recovery” that was just stumbled upon after 30+ years of DVC won’t result in lower fees or pricing for those entities who shouldered the burden for 30+ years subsidizing what resale was getting “for free.”

This is interesting take that I had not considered before.

 

[eticketplease]

Please, not again

I was thinking the same thing lol

 

[Tatebeck]

Please, not again

I was thinking the same thing lol

Yeeeeep
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Adding to the discussion, I am glad we got most of the resale we will ever need already. It really is going to suck for any new members looking for a large/diverse resale portfolio though. If I were to buy by contracts again today instead of in 2023 it would immediately be an extra $2,500 which is rough.

It is going to be a good thing for DVC though. They get a piece of every resale transaction, even if most/all of the fee is going towards the contract modifications (which I personally don't think they are). And if the price of resale decreases to account for the extra fees, then DVC can get slightly cheaper ROFR as well. They now get a piece no matter what, and ROFR may be more attractive for them, as I doubt they have to pay themselves the fee to ROFR it back. I just hope they use the extra for something that benefits all the normal members.

It also does put a thorn in the paw of heavy stripping/flipping renters/companies, which is a good thing in my view. But every resale purchaser is also hit by the fee now too.