Selling DVC

[Kingzoo]

If I sell my DVC points .... do I pay or does the buyer pay the agent and other transaction fees???

 

[drusba]

I assume you mean a permanent transfer and not just a rental. It is similar to any real estate sale. The agent's fee and any costs relating to the seller's paying off a loan on the property come out of the sale price received and are thus paid by the seller unless he factors such costs into the sale price. Other closing costs (e.g., recording fees, transfer taxes, title insurance) are subject to negotiation although often there is a presumption that the buyer will pay them unless negotiated otherwise. Also, in the timeshare market, agents often charge a minimal flat fee (like $1500) in lieu of or in addition to some percentage of the total sale price.

 

[bluecdr]

The agent I spoke to told me he charged the seller a 12% commission for DVC points. Seller also pays transfer fee
to DVC.

 

[Dean]

Originally posted by bluecdr
The agent I spoke to told me he charged the seller a 12% commission for DVC points. Seller also pays transfer fee
to DVC.

12% is too much. Most have lower fees but many do have a minimum. You should be able to get it done for around $1000 or consider selling it yourself and pocketing the extra. Some also offer non exclussive listings which means if you find a buyer, you don't pay them. Others will expect the fee even if you find the buyer so make sure in advance.