Question re: resales, what would it take...

[gopherit]

.. to make a sale and resale a viable idea?

This may have been answered before, but I was wondering -- what would the price have to be to justify selling a contract and buying a resale? What are the fees involved and how steep is commission (if you use a seller, for example). I'm not saying I would do it -- just curious. I would imagine that a key reason for doing that sort of switch would be if you wanted a different home resort that perhaps wasn't available when you purchased.

THANKS

 

[gopherit]

Oops -- wrong post -- put two threads in one!

 

[crisi]

When we bought our resale from Jaki, I was concerned that something might happen and I might need to dump it quickly. She quoted me a commission of 12% (I believe there was a floor as well). I wasn't worried about turning around for a different home, just worried that I'd get laid off in six months and wouldn't want the expense. Fortunately, we've now owned two years and could break even on the sale if we needed to.

You could sell for cheaper using the listings over at the Timeshare User Group or ebay and making your own closing arrangments.

 

[JeffPort]

Assuming that you use a broker (meaning that you will give up about 10% of the sales proceeds), you would probably come out close to even if you were able to find a buyer for your contract after you have used the current year points and then purchase a different contract at a comparible price per point that included both the current year points and the prior year points banked into the current year.

There is certainly "value" to all of those points, which you could try to rent in order to cover your transaction costs, or which you could opt to use as an added "purchased" benefit. If you opted to use the extra points, your effective "rental" price for all of those extra points would essentially be the broker/transaction costs you paid to sell/buy the contracts.