Not ROFR thread - general discussion

[Brian Noble]

There is a DVC resale site that states in their FAQ on Closing Costs that "buyers cannot negotiate asking for the selling to pay or share in the cost of these fees.

I am going to guess that this is a broker that handles a fair volume of stuff that they themselves own via a buy-strip-flip operation, and they have a not-at-arms-length closing company. So, this is a way to help maintain their revenue, because the closing company is also in some sense the seller.

 

[atthebeachclub]

Tons of small cross listed Aulani contracts showing up today. Might be a good time to get one if you wanted one.

 

[JackosinDIS]

Tons of small cross listed Aulani contracts showing up today. Might be a good time to get one if you wanted one.

I noticed those. Highly unusual activity!
I know people have already pointed out the slight influx of stripped contracts at certain resorts, but I am starting to be persuaded that this is related to the recent change in perception of rentals.

 

[VGCgroupie]

Tons of small cross listed Aulani contracts showing up today. Might be a good time to get one if you wanted one.

I noticed those. Highly unusual activity!
I know people have already pointed out the slight influx of stripped contracts at certain resorts, but I am starting to be persuaded that this is related to the recent change in perception of rentals.

It seems the cross posted listings now pretty much all a broker we cant talk about (who is a suspected commercial renter of their own contracts) and then its cross posted to Fidelity with no agent attached to the listing, so it seems unnamed broker maybe made some sort of deal w/ Fidelity to advertise their listings. If anyone bids I would be super curious to see who responds to the offer if it was made via Fidelity.

 

[HyperspaceMountainPilot]

I am going to guess that this is a broker that handles a fair volume of stuff that they themselves own via a buy-strip-flip operation, and they have a not-at-arms-length closing company. So, this is a way to help maintain their revenue, because the closing company is also in some sense the seller.

This was also my guess.

 

[Brian Noble]

Doing a little more digging, it appears that language is (at least) here:
https://dvcsales.com/dvc-resale-questions

They might be associated with a strip mining operation, but they also discourage renting, so maybe not?
https://dvcsales.com/rent-dvc-points

 

[VGCgroupie]

Yep I have never bid with them since they are almost always overpriced at the get go

 

[HyperspaceMountainPilot]

Yep I have never bid with them since they are almost always overpriced at the get go

I recently made a reasonable (if somewhat aggressive) offer and they didn’t even counter.

I tend to assume the brokers who lobby hard to list (and hold out) at above market prices have their own significant contracts that they are using for profit.

 

[Joroc0801]

After striking a deal recently and getting denied having closing costs covered by the seller, I wondered if there are tax benefits for the seller to cover the closing costs instead of giving up price on the actual points. Wouldn't that allow the seller to report less income on the sale?

I have not and do not plan to sell any time soon thus I haven't thought enough into it.

 

[juliebee]

Doing a little more digging, it appears that language is (at least) here:
https://dvcsales.com/dvc-resale-questions

They might be associated with a strip mining operation, but they also discourage renting, so maybe not?
https://dvcsales.com/rent-dvc-points

Yes, that is the resaler that I saw the info on not being able to negotiate closing costs. I have not purchased or made an offer through them so don't know if they uphold that guideline or not. It's interesting they say they won't allow it when it sounds like it's allowed everywhere else.