Selling our DVC

[JerJan]

We are thinking about selling our DVC....I was wondering if anyone knows if I was to list it for sale can I put a time restriction on it, like "can't close until September 1, 2007???
Thanks.

 

[Delaware Mike]

We are thinking about selling our DVC....I was wondering if anyone knows if I was to list it for sale can I put a time restriction on it, like "can't close until September 1, 2007???
Thanks.

Yep, happens all the time....

 

[JerJan]

THANK YOU Delaware Mike!

 

[Deb & Bill]

That could lose you a sale, though. It's your decision. Make sure that whoever is selling it for you knows that points are tied up in a reservation and don't exist in your inventory.

 

[JerJan]

That could lose you a sale, though. It's your decision. Make sure that whoever is selling it for you knows that points are tied up in a reservation and don't exist in your inventory.

Oh of course I would let the listing agent know about everything up front! It's not a big emergency to sell it though, just thinking about it and I was curious.

 

[bbangel]

The contract I'm buying has just such a clause. It won't close until the 2nd week of August and must close before the end of August.

 

[Pinmaniac]

Both of the contracts we sold earlier had this provision. We wanted to make the contracts available to prospective buyers but still take our vacation. Worked perfectly.

 

[CarolA]

Here's my thought. When I look at resales I find that "can't close" to be a real turn off. Unless you were lower then market I would probably not make an offer figuring that gives you WAY to much time to "change" your mind, use your points etc and takes me off the market for a contract that might not actually happen. Plus why should I give the timeshare closing service the down payment to "earn interest" on for several months?

I would just wait until closer to your "estimated" close date and list then.

 

[Pinmaniac]

I agree with CarolA.....to a point. If you list the contract within a month or so of the "cant close until date" the buyer really shouldn't have a problem, because it takes a month or longer from the time an offer is accepted until closing on the typical resale.

 

[Snow Shoe]

We did this with our VB contract several years ago. I had used our VB points to get rooms at WDW for a July '05 vacation in September of '04. We then decided to put VB on sale with the Timeshare Store in January of '05. Knowing that if I sold VB before the July vacation date, Disney would automatically cancel our July res's, I had stipulate that if some one bought the contract, it could not close until after our July vacation. Three days after the Timeshare Store placed posted it, a couple purchased it and agreed to the stipulation placed on it.

 

[erickr123]

How many points and where? Also, if you dont mind answering, why are you selling? I was thinking of buying and would be interested in hearing from someone who is selling.

Thanks,
Erick

 

[JerJan]

The contract that we are thinking about selling is at SSR 270 points February use year. I will keep my smaller contracts. We are thinking about selling because our girls are getting older and the oldest will be off to college in 2 years, we find that we don't need as many points as we initialed purchased. We LOVE SSR and our smaller contracts are there as well. Good luck with your purchasing decision.