Sell on Facebook Marketplace

[DKZB]

I’m looking to sell a couple contracts. Anyone used Facebook marketplace to attempt to do it yourself and save?
Good or bad experience?

 

[DVChris]

Not sure about FB marketplace but I've seen several people selling without a broker in a few FB DVC groups. I'm buying a AUL sub now from someone who was selling without a broker. Happy to share my experience if you want to PM me.

 

[KVacc]

Not sure about FB marketplace but I've seen several people selling without a broker in a few FB DVC groups. I'm buying a AUL sub now from someone who was selling without a broker. Happy to share my experience if you want to PM me.

I’ve been debating on buying from someone in a FB group simply because I don’t know how the paperwork works, with ROFR especially, and what happens. If you can PM how all of that worked it would be great.

 

[RoseGold]

I would totally do it for Florida contracts. Just use a good title company.

 

[Cleeevus]

I’ve sold two contracts via Facebook (DVC rental/sale groups) and have purchased two contracts as well. It really is super easy- the title company handles almost everything. Feel free to message me with any questions.

 

[Cleeevus]

I would totally do it for Florida contracts. Just use a good title company.

Can’t go wrong with Cammy Smith at Mason Title. She’s the best!

I’ve been debating on buying from someone in a FB group simply because I don’t know how the paperwork works, with ROFR especially, and what happens. If you can PM how all of that worked it would be great.

It’s essentially the same process as when buying with a broker, except the communication to you (the buyer) comes directly from the seller and/or the title company. Once price and terms are agreed to, contract is signed and submitted to title company to process. Title company submits to Disney for ROFR. Once (if) passes ROFR the title company sends paperwork for signatures and buyer sends in final payment. Title co records deed and notifies Disney of the transfer. I was shocked at how easy it was to sell without a broker and have no idea why they charge so much when they really don’t do a whole lot- the title company does.

The one and only contract I sold through a broker (site sponsor) was a total mess. Constant errors and mistakes from one representative to another. I will be sticking to private sales from now on.

 

[reck]

Can’t go wrong with Cammy Smith at Mason Title. She’s the best!

It’s essentially the same process as when buying with a broker, except the communication to you (the buyer) comes directly from the seller and/or the title company. Once price and terms are agreed to, contract is signed and submitted to title company to process. Title company submits to Disney for ROFR. Once (if) passes ROFR the title company sends paperwork for signatures and buyer sends in final payment. Title co records deed and notifies Disney of the transfer. I was shocked at how easy it was to sell without a broker and have no idea why they charge so much when they really don’t do a whole lot- the title company does.

The one and only contract I sold through a broker (site sponsor) was a total mess. Constant errors and mistakes from one representative to another. I will be sticking to private sales from now on.

Is it just some generic contract, or a specific for Disney?

 

[Cleeevus]

Is it just some generic contract, or a specific for Disney?

The title company can provide you a generic contract to use or you can type up your own contract that is a bit more specific and detailed.

 

[DVCSunDevil]

I’ve sold two contracts via Facebook (DVC rental/sale groups) and have purchased two contracts as well. It really is super easy- the title company handles almost everything. Feel free to message me with any questions.

Do you know which FB groups are the best for buying/selling contracts? I was just on there and there are a lot of groups, most of which seem to be groups operated by brokerage companies. I was hoping to find a group for private sales.

 

[DVChris]

You can also try the FB DVC group for the resort you are looking to sell. Those are typically not sponsored by a broker.

 

[Cleeevus]

Do you know which FB groups are the best for buying/selling contracts? I was just on there and there are a lot of groups, most of which seem to be groups operated by brokerage companies. I was hoping to find a group for private sales.

Sent you PM

 

[supersnoop]

From a buyer's perspective, there is no benefit and lots of risk when not using a broker. You're going to limit your audience. It's likely that you'd do better just listing it with a broker.

 

[Cleeevus]

What is the risk that exists without a broker but is eliminated when using a broker?
The benefit to the buyer is a better price.

 

[sethschroeder]

From a buyer's perspective, there is no benefit and lots of risk when not using a broker. You're going to limit your audience. It's likely that you'd do better just listing it with a broker.

Honestly as long as you are using a title company that specializes in DVC there really wouldn't be any more risk since the TItle Company is the one who checks everything and holds the money.

Its actually more simplistic than selling/buying a house without an agent since there is no worry about contractual issues that can come into play.

As far as how much you can get who knows could be all over the map and you wouldn't really know until you did it since there really isn't a database on direct sales price history.

 

[supersnoop]

Honestly as long as you are using a title company that specializes in DVC there really wouldn't be any more risk since the TItle Company is the one who checks everything and holds the money.

Its actually more simplistic than selling/buying a house without an agent since there is no worry about contractual issues that can come into play.

As far as how much you can get who knows could be all over the map and you wouldn't really know until you did it since there really isn't a database on direct sales price history.

This is true, but it's also my point. I'm not educated in how to select a title company or all the steps necessary. Buying through a broker costs me nothing, and they know all that stuff. Buying directly from the owner doesn't offer my any discount since ROFR will hold the price relatively steady. So, I gain no benefit from helping someone else net a little more in their pocket.

 

[DontTalkAboutDues NoNoNo]

This is true, but it's also my point. I'm not educated in how to select a title company or all the steps necessary. Buying through a broker costs me nothing, and they know all that stuff. Buying directly from the owner doesn't offer my any discount since ROFR will hold the price relatively steady. So, I gain no benefit from helping someone else net a little more in their pocket.

Buying through a broker will most certainly cost you something. If the seller isn't having to pay 6-9% of the transaction in commission, then you will most likely find sellers more willing to negotiate since they aren't paying a commission (hence saving you the buyer some $).

 

[sethschroeder]

I'm not educated in how to select a title company

It is pretty straight forward to outline one of the two main title companies out there that pretty much every broker works through. As the seller I would likely put that information on the Title Company options in the post.

Most buyers don't even choose a title company so giving someone two names to pick from is a good starting spot possibly with providing a preference yourself if they don't have one.

Also in the end while ROFR is there you see all the time people taking the risk of buying under ROFR and hoping it goes through. That is the type of buyer a direct seller likely would be after.

 

[RoseGold]

From a buyer's perspective, there is no benefit and lots of risk when not using a broker. You're going to limit your audience. It's likely that you'd do better just listing it with a broker.

I disagree with this. The title company gives you title insurance and verifies all the points. I'm not really sure what additional risk at all there is at all to doing it privately on either end.

You give all the private information to the title company anyway.

I guess you could still have a messy estate that takes forever or a buyer who never pays or whatever or a seller who spends the points the day before close, but those things happen with a broker too. That's what title insurance is for.

The broker does do some handholding, like help you pick a contract and babysit the process and such. I can see value in that, but it's not because of risk.

 

[Cleeevus]

Buying through a broker will most certainly cost you something. If the seller isn't having to pay 6-9% of the transaction in commission, then you will most likely find sellers more willing to negotiate since they aren't paying a commission (hence saving you the buyer some $).

Exactly this. I sold my SSR 220 pt contract for $115 per point private sale (it passed ROFR, just two months ago). If I sold that contract through a broker, buyer would've paid a minimum of $125 per point, but likely even more.

I also sold a stripped SSR contract through a broker at the same time. Worse contract/ less points available and that buyer paid $120 per point. Interestingly enough Disney ROFR'd that one but not my private sale which was a much better deal. My working theory is that disney doesn't want to mess with private sales so the argument could be made that buyer is much more likely to get a deal when buying privately.

 

[DKZB]

From a buyer's perspective, there is no benefit and lots of risk when not using a broker. You're going to limit your audience. It's likely that you'd do better just listing it with a broker.

Read the boards long enough and you are likely to find good and bad experiences. I would argue brokers simply match Buyers and sellers and offer little to no protection for their fee. Their contracts often disclaim almost all liability. The title company does most of the work as others have said so buyers get a slightly better price and sellers get slightly more net $$… It’s a Win-Win