I'd walk away.
Sounds sketchy all around. The owner must have seen the listing and known it was wrong. And the broker was either sloppy or didn’t do due diligence. If you got an amazing deal, I’d consider going ahead, but otherwise, yes, walk away.
It depends on the price pp and I would insist that I wouldn't be paying the dues for the 115 points, plus they would have to give you credit for the dues for the missing 40 points in 2022(not sure how that works when it isn't know how much the dues will be for that year?)
I miss typed we, actually signed the closing docs yesterday, but didn’t wire the money yet. We’ve gone through ROFR, and thought we were in the homestretch.
It was kinda funky to start, the 40 points were supposedly banked in from 2020, and the 115 was 2021 points so that’s why the dues reimbursement were only on the 115. There’s nothing missing from 2022.
I think it’s because I’m a newbie and need 10 posts to PM. I’d be more than happy to share my experience about negotiating this contract.
Ah ok. Wow in almost 2 years you only had 5 posts.....that is a lot of lurking
I didn't realize you were the buyer who had said to me before that maybe you should have bid less because I got it for $70 a point. I just looked at your profile and saw. So it said it was significantly over $100 and they accepted your initial offer. I thought we were done buying contracts but suddenly my wife wants us to have 4 contracts so we have one to pass down to each of our kids, so we will be looking for a couple of more when the price is right.
You need to bid on them to get the deals, the worst they can say is no. Some brokers will present all offers and some will laugh and say they won’t take it without ever presenting it and some have been instructed not to present bids if they are under a certain price. I personally like the bidding process and trying to get the deal.
Could you please reformat that with the link in post #1 so it can go on the list? Thanks
The person should ask the seller through the broker. Today. Its worked for me every time, but I've done it a little earlier. If the seller doesn't do it by Monday, DVC might still bank the points a little late if the seller asks next week. That also worked for me a few months ago.
The broker told me that the $15pp was to make me whole and there wouldn’t be a dues reimbursement. When I look at it as a whole I paid $117 per point so that makes it $102pp, which seems like a great deal that would never pass now. But when I think about the fact that I need to buy rental/transfer points now to stay next year, it makes the math a lot harder.
It was sketchy. First the broker never did a due diligent on his/her part. Second the seller completely an outlier by did not disclose the points and did it on purpose to attract the buyer. You can bring it to a legal matter if both seller and buyer signed the offer letter stated the original points in the beginning of contract signing. Or You can walk out.
I was told (by the broker) that “Disney no longer checks the available points” (presumably at ROFR) and this has only happened 2-3 times ever to them. The seller supposedly notice the problem when getting their documents notarized. I understand the mess the pandemic created and I’ve heard that DVC software is pretty antiquated but how do you not keep track of your points. I’m not really sure they would do this on purpose. There’s no real gain.
