Resale Value "PRICE PER POINT"

[LadyLvsTramp]

Just wondering about anyone's thoughts on resale value.Does anyone feel that the Timeshare Store is holding the price of points down or getting fair value. Most of the time the realestate agent works for the seller listing the property, is this the case or is the Timeshare Store only willing to list properties for a set value to keep the price per point at a reasonable cost for quick resale and turn over of sales commission profits as well. I realize of course Disney can opt to purchase the points if they do not feel it is fair market value but is this the only check and balance in the system and what rights does the owner/lister truly have.

 

[Blue&Gold]

Not sure whether the site sponsor will jump in on this one, but TTS and the other 2 or three main resale players will tell you up front they represent the seller. They have a legal obligation to attempt to get their clients the highest price for their property. The unique situation here is the narrow "trading range" established by ROFR and Disney direct sales. As a seller, I assume there is "value" to you in selling the property inside some reasonable amount of time? I spent 2-3 months tracking ROFR and listings with TTS, Jaki Apetz and one other outfit before settling on our initial BWV contract, and I will tell you that I shied away from some contracts that looked "too good" because I felt they were ROFR-bait. As a buyer, it does me no good to get a bargain and watch Disney take the contract back.

 

[Disney Doll]

I think ROFR affects resale prices more than anything. There is no point in putting your DVC contract on the market for a ridiculously low number, unless you really need to dump it, because you know Disney will buy it back. It's not like there will be a "bidding war" which will push the price up over asking price, which I know sometimes happens in the real world (at least in my neck of the woods!). I wouldn't bid on a ridiculously low cost contract for that reason. Get my hopes all up that I might be buying more DVC points only to have Disney pull the rug out from under me?? No thank you!!!

Also, DVC is a relatively hot commodity, so you know people will pay more than a ridiculously low number for DVC points.

As far as TTS or other resalers...well obviously their goal is to make the most $$ from the contract as they can, both for the seller and for themselves in terms of their commissions...that is their job, it is their living. I have never understood why people begrudge realtors their right to earn a living. Hairdressers charge $75 for a wash, cut & blow dry in my area, and no one bats an eye. But have a realtor need to make a commission for doing work, marketing a property, dealing with all the ins & outs of a real estate transaction, and my God, everyone tries to bargain it down, get a cut, get a refund...it amazes me.

What choice does the buyer have? If you don't like the terms of the deal, then don't make the deal. Wait for another resale to come along with more acceptable terms & costs.

DH & I bought a resale about 5 years ago. It was a 230 point contract at OKW. I forget the details of the cost etc. now, but we made what we considered to be a fair offer for the contract, and made it clear that the offer we were making was our highest and best offer. The seller chose to accept it and the transaction took about 6 weeks, start to finish, in terms of filing paperwork etc. It very easy and efficient. But, had that seller decide not to accept our offer, we would have simply waited until another appropriate resale came along. Eventually you'll get one. You sometimes just have to be patient in the resale market. It's not as "immediate gratification" based as buying directly from the DVC is. We, however, still found it pretty darn gratifying to get a nice contract at a good price, if it took a smidge more time!

 

[Boston5602]

As someone trying to decide where and how many points to purchase , I've thought that when it comes to resale I would look for the best deal for me and if the price was so low as to make it rofr bait I would offer more , a price I would feel would be a great value that had a better chance of passing rofr if I thought the original price was to low to do so. You could always agree to asking price but what good is it if its going to be rofr'ed<?> These are just my thoughts so far there's only been one listing ( on Ebay ) that I thought sold for to little it was BWV 150 and it went for $76.00 Pt have no idea how that'll turn out.

 

[CarolA]

Just wondering about anyone's thoughts on resale value.Does anyone feel that the Timeshare Store is holding the price of points down or getting fair value. Most of the time the realestate agent works for the seller listing the property, is this the case or is the Timeshare Store only willing to list properties for a set value to keep the price per point at a reasonable cost for quick resale and turn over of sales commission profits as well. I realize of course Disney can opt to purchase the points if they do not feel it is fair market value but is this the only check and balance in the system and what rights does the owner/lister truly have.

When I listed my DVC points I actually had a lower price in mind then my broker (not TSS) suggested. We did get the price the broker thought we would. However, the final prices was NOT up to the broker, it was up to me!

However, having watched prices on NUMEROUS brokers not just TSS I think that the prices are about what the market will bear.

I really don't know that I fully understand what you are trying to say here? Why wouldn't the TSS want the prices to be higher? They get paid a commission high prices equals higher commission checks.

 

[greenban]

I took the OP's post in the opposite direction that the rest of you fine DISers did.

I believe the OP is asking if the TTS is listing prices too low, to ensure easy commissions and rapid turnovers.

Perhaps this question is related to the TTS' recent decline of a $100.00 per point BCV listed briefly over laast week.

I can only speak from my own experiences, first with Jason, and now with Jason and Tom (the owner).

They are always genuinely happy with my Wins (defeating the ROFR monster) and dissapointed by my losses (only 1 so far).

They offer advice and suggestions, but have always allowed me to make my own mistakes.

If I'm right about the OP's original intent, just look at the 1,000 point OKW contract sitting for over a year at $80.00.

Everytime someone calls and makes a legitimate offer, the TTS agents have to present it. There is work involved.

In this case, having just purchased a triple BCV at $94, and seeing other triples pass at $92pp, I would agree with Tom that a $100.00 BCV is speculative, and would only create extra work, with small chance of reward.

Now in 6 months when the resale price to DVC Owners goes up from Disney, then it may become worth $100.00 pp.

Just my 2 cents,

Your Euros may vary!

-Tony