Resale Listing and Dues

[LaneOT]

I'm curious about the selling stipulations for dues.
If I am listing a contract for resale that has full 2023 points, shouldn't the buyer be responsible for the dues? As the seller, I am not using the 2023 dues, but am being told it is Disney policy to pay them out before the sale. I have paid my dues in full, but feel I should be reimbursed for points I'm not using.

 

[intamin]

I'm curious about the selling stipulations for dues.
If I am listing a contract for resale that has full 2023 points, shouldn't the buyer be responsible for the dues? As the seller, I am not using the 2023 dues, but am being told it is Disney policy to pay them out before the sale. I have paid my dues in full, but feel I should be reimbursed for points I'm not using.

Generally for resale the person using the points pays the dues. This is of course dependent on the points actually being usable as in there's enough time for the new owner to either bank the points or use the points before they expire at the end of the use year.

However, everything is negotiable in resale including dues and closing costs.

 

[LaneOT]

Yea I'm curious because although I have paid the full dues, if I'm not using them, I should be reimbursed. And seeing as it is a late use year, I am still in 2022 points.

 

[intamin]

Yea I'm curious because although I have paid the full dues, if I'm not using them, I should be reimbursed. And seeing as it is a late use year, I am still in 2022 points.

Again it's up to you what you agree to. Some sellers list a higher price per point and in exchange are willing to pay for dues but if you don't like the buyer's offer you simply don't have to accept or can counter.

Also, are the 2022 points banked? If not, obviously the likelihood of the new owner being able to actually use the points before they expire taking into account ROFR and closing is pretty much close to 0.

 

[Sandisw]

Everything is certainly negotiable but being that dues are based on calendar year and not UY, many buyers buying this late in the calendar year are very likely to ask for seller to pay them.

If one was buying direct in September, the most one would pay in dues is a little over 3 months, even if getting 2022 and 2023 points. Resale tends to list based on points.

I have sold a few contracts during this time of the year, and TBH, I never asked for reimbursement since the person would most likely not be an owner until the end of the year, even when they were getting the points.

 

[Genie+]

Yea I'm curious because although I have paid the full dues, if I'm not using them, I should be reimbursed. And seeing as it is a late use year, I am still in 2022 points.

As a buyer the 2022 points would matter to me when deciding whether it’d be worth reimbursing 2023’s dues. If they were already used I’d likely only consider paying prorated dues for the months remaining in the year, at most. Even an Oct UY with the first points being 2023, a buyer isn’t going to have much time in 2023 to access the points by the time resale closes and points load.

The contract would need to be a great match for us to agree paying 2023’s dues this late in the year. 2024 dues are coming right around the corner.

 

[LaneOT]

Again it's up to you what you agree to. Some sellers list a higher price per point and in exchange are willing to pay for dues but if you don't like the buyer's offer you simply don't have to accept or can counter.

Also, are the 2022 points banked? If not, obviously the likelihood of the new owner being able to actually use the points before they expire taking into account ROFR and closing is pretty much close to 0.

Yes, I banked the 2022 points so the buyer would almost have a fully loaded contract.

 

[intamin]

Yes, I banked the 2022 points so the buyer would almost have a fully loaded contract.

This late in the year people would expect the dues to be paid for. What you should do is simply raise the price per point by 10 dollars per point of however much you think it being loaded is worth and have the buyer pay no dues until 2024.

 

[CarolynFH]

Yes, I banked the 2022 points so the buyer would almost have a fully loaded contract.

Look at it this way. If you owned a beach cottage and sold it late this year, would you expect the new buyer to reimburse you for the property taxes you paid in January 2023? Or for the utility bills you paid in 2023? Dues are for operating and maintaining the resort during the Calendar Year (2023 in this case), whether the owner stays there or not, and have no relationship to UY.

Since you banked your 2022 points and the buyer will have use of them, increase your price due to the loaded contract. Don’t ask for reimbursement of 2023 dues.

 

[disneylandtour]

It will likely take three months to close a resale contract. Two-and-a-half, if you're lucky. So it would depend on how much time is left for the buyer to use those points. If they have three or four months, then, no, those points no longer have their full value.

 

[RoseGold]

For 2023 points, the listing will say. Generally, you pay them prorated for what is available at closing. If they are closer to expiring, maybe they will pay the dues for you. As we get closer to the end of the year, this happens in the listings.

Generally banked points you don't pay dues for. But sellers are weird, and you can see all kinds of listings.