Resale & Closing Costs - Total Price

[RJake1]

I think I read somewhere that in buying resale you have to figure on adding $4 to $5 per point to the advertised price to account for sales commission, closing costs, etc. Is this true?

So, if DVC resale is offered at $70/pp, the real cost to me would be $74 to $75/pp?

How does this differ from direct purchase from Disney? Doesn't DVC direct purchase have closing costs, commisions, etc as well??

If I buy at SSR for $79 and get 50 years, in the long run that seems better than a resale if the closing costs are minimal.

 

[Canadian Tom]

Hello: In one sense you are right. The closing costs for 100 points is $400-450. and the closing costs for 150 points is $400-450. So as you can see the closing costs per point on small contracts is high on a per point basis($4-5). On 150 points it is $2.50-3 per point. Then if you factor in the cost of the points it can be very close to Disney's price.

We just bought 150 points from Disney, cost $84 per point (total $12,600 + $200 maintaince) total cost $12,800. It included 150 points dated last March. So in effect if I were to rent my march 2003 points for $10 per point ($1500), the actual cost would be $11,300. The best resale price I could get for BCV was $10500 (dec. use year) plus $450 closing costs and maintainance of $600. for a total of $11,550. So in effect there wasn't much difference between the two so we chose the sure thing and bought from Disney and didn't have to worry about ROFR. Is this sound reasoning? Depends. I liked it, it works for me.

 

[dvc_john]

On a resale, the seller pays commissions.
When buying from DVC, DVC pays closing costs.

 

[LIFERBABE]

Canadian Tom....sounds like solid reasoning to me!!

I worked the numbers for my DVC purchase and it came out pretty close to a listed $68 ppt resale contract for BCV.

At first I was kicking myself when I saw a resale posted for so low, but once I added the closing costs in, it was a wash.

The use year wasnt preferable either on the resale and I would have still had to purchase more points (more closing costs) so Im ecstatic with my recent 160 pt BCV purchase!
ROFR is a big time consuming process also and the only loser in this process is the buyer. You could tie up 20% of your total and the time involved in negotiating the deal wait 30 days and end up with nothing.

I really wanted BCV so I took the sure thing.
Disney has waitlists for add ons so they are just waiting for the good deals to roll in.