Resale Purchases

[kstorms27]

So the wife and I have decided to buy resale after taking the tour on our recent vacation to WDW. I would like to know about some of your experiences dealing with the realtors. Did you prefer, say DVC by Resale or the Timeshare store and why? Thanks!

 

[Buckeye Fan]

I have never used DVC by Resale, but have used the Timeshare Store and two others. They all were great. Regarding TTS, I wouldn't hesitate to recommend them. I thought they were honest, fair, and straight forward in their approach. I knew exactly what my costs would be, and communications back and forth were fantastic.

One thing to remember is that as much as we like to blame brokers for "not" doing something, so much of the sales process is out of their hands. They are dependent on buyers/sellers returning documents in a timely manner, Disney's ROFR process, buyers/sellers (yet again) returning documents in a timely manner, and then the closing company turning things around quickly. With all of that being said, some are better at communicating, but if you discuss your expectations up front with the broker, they should be more than willing to work with you.

Good luck with your purchase!

 

[disneydivermom]

We recenlty finalized our deal with The Timeshare Store. We trusted them because of the DIS Boards. We didn't realize the seller was from the UK. When we were frustrated with the time it was taking for the seller to complete their documents I emailed The Timeshare Store a couple times and received very, very quick replies telling me exactly when the seller had appointments with notery and how docs were being returned etc. We were very happy with The Timeshare Store.

Happy DVC hunting.

 

[kstorms27]

Thanks for the info. I feel so green at all of this. Im trying to be a sponge and soak up any information that I can and this forum seems like a great place for info!

 

[saintstickets]

We have had dealings with all 4 of the main resale agencies - The Timeshare Store, DVC by Resale, Fidelity and the other one that cannot be listed here on the DISboards (pm me if you want more on the last one). We tried several times to use TTS but by the time we called about a specific contract, it was already gone. They were always cooperative and I would not hesitate to use them.

We made an offer for a contract listed by DVC by Resale and was told we weren't serious about buying because of our price. We put in the same offer with the "company-that-can-not-be-named" and it was accepted. That was our first resale purchase. That resale company was very quick to respond and even called us on Saturday to tell us we passed ROFR.

Our second purchase was through Fidelity with Rachel as our agent. Our experience with Rachel was less than desirable with slow response time. By slow, I mean days to respond to our emails.

Our 3rd, 4th and 5th purchases were through Fidelity with Sharon as our agent. Sharon responded to our every email in a very timely fashion and stayed on top of her portion of the process. We would not hesitate to use Sharon @ Fidelity again.

This was our experience. Others will swear by DVC by Resale and Rachel at Fidelity. There are a lot of factors that can delay matters that are out of the resale agents control. Their main input is in the negotiating of the contract price between the buyer and seller. Once the accepted contract is submitted to Disney for ROFR, they have little input. After passing ROFR, the main contact is the Title Company. It is up to the Title Company to get the buyer and seller to complete the closing documents, collect the proceeds from the buyer, submit the info to Disney and record the title transfer. Most of the time, this is where any delay will occur. In our purchases, we have had the Title Company misspell our name, record an incorrect mailing address, mail us the closing docs instead of emailing them and charged the wrong closing costs. Those four instances were on three separate contracts and with two separate Title Companies. The resale agencies have their prefered Title Company but you can request a different one. The Title Companies we have had experience with are Timeshare Title & More and First American Title.

Your experience with these agencies and persons within the agency can be similar or much different. Every resale contract is different not only in points, price and terms but also with the resale agency, the title company and of course the buyer and seller. The DISboards were extremely helpful to us and you'll find you can get very good advice here. Good luck with your purchase.

 

[htmlkid]

So the wife and I have decided to buy resale after taking the tour on our recent vacation to WDW. I would like to know about some of your experiences dealing with the realtors. Did you prefer, say DVC by Resale or the Timeshare store and why? Thanks!

I used Sharon at Fidelity and they were amazing!!!!!!

 

[etemplet]

I went through Fidelity because I read they were more receptive to "offers" than some of the others. I was not disappointed. I told Rachel that I had been shopping prices and mentioned the prices I found. She verified that prices were in the range I mentioned but told me some people still owed more than offer amounts in that range. It only took two offers to get the price I wanted and we heard back within in hour or two of each offer. I was well pleased with the information given and the speed of the process and all communications by those involved. I'm not going any place else when I decide to add points.

I felt that my interests were well represented by Fidelity and I felt also that the sellers interests were well represented as well. After all, they put purchaser and seller together and get it done. That's their job. Genie Happy

 

[Bonnie151]

We dealt with Jerry at The Timeshare Store and thought he was great. I phoned with an offer on a contract and had an email a few hours later saying it had been accepted. Everything went smoothly. Nancy at Magic Vacation Title Company was fantastic as well (I was wiring money internationally so we had a bit of email communication to make sure it arrived!). I'd highly recommend both.

 

[hauntedcity]

I purchased through Fidelity, and it... tooooook.... a............. reeeeeeeaaaaaaaaaalllllllllyyyyyyy..... looooooooonnnnnnnngggggggg.... tttttttttiiiiiiiiiiiiiiiiimmmmmmmmmmmeeeeeeeeeeeeeeeee....

I probably wouldn't use them again, but then again, they do usually have the best deals. If I would find an amazing deal, I'd go into the purchase expecting everything to take twice as long as my best case scenario.

 

[kstorms27]

Thanks everyone for your info. Could someone tell me how to get hooked up with Fidelity? A link to their listings or a phone #?

 

[kstorms27]

SaintsTickets, I will PM you about the other agent once I get enough posts. Im still a Green Horn at all this.

 

[Foobus]

Just google "DVC resales" and all the big brokers sites will pop up....

 

[rmcildw2m]

The Timeshare store did an awesome job for me on both of the resale contracts that I bought . I would not shop any where esle .

 

[lisa3635]

I've closed on 2 contracts with both Timeshare Store and Fidelity in the past. I had a good experience with both. I'm currently adding on with Fidelity and chose them to work with again because they had the contract I was looking for and were willing to present any offer. I got an amazing deal on a SSR contract.