selling BWV contract....tips and who to use

petbren

DIS Veteran
Joined
Jun 24, 2006
Got info from The Timeshare store. They say they have a FIRPTA specialist they can refer me too. It's a 150 point contract, so is this something I need a "specialist" to do, or can I do that paperwork myself?
It's all new to me, so anyone with tips, and who they used, I would appreciate your thoughts.
 

pangyal

#TeamSven
Joined
Jul 26, 2014
The specialist is likely the same accountant that many of the brokers use. She is thorough and accurate. The paperwork is easy at first glance and more complicated as you look more closely, so I would definitely advise paying the fee to use her services. She was able to recoup the majority of the FIRPTA taxes for the contracts we have sold (the remainder was a legitimate amount) and she knows how to “speak” to the IRS if needed.
 
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petbren

DIS Veteran
Joined
Jun 24, 2006
The specialist is likely the same accountant that many of the brokers use. She is thorough and accurate. The paperwork is easy at first glance and more complicated as you look more closely, so I would definitely advise paying the fee to use her services. She was able to recoup the majority of the FIRPTA taxes for the contracts we have sold (the remainder was a legitimate amount) and she knows how to “speak” to the IRA if needed.
Thanks.
Some have said to just not bother trying to recook the money. I can't see myself doing that.
Did you sell through the Timeshare store?
 

MICKIMINI

Love the Mouse!
Joined
Sep 6, 2003
I seem to buy from Canadians - I'm on my third international resale and the specialist referred to takes the worry out of my end of the contract. I wouldn't buy a contract without that expertise and if you can hold onto some of your money - even better.
 

soniam

Wooden leg named Smith...
Joined
Jun 22, 2012
We just bought from a UK resident through Fidelity. Not any issues that I know of so far. We have closed and deed was recorded. Waiting on Disney now.
 

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