Thoughts on DVC resale sites?

[dspud]

Not sure this is allowed, as I cannot find a similar post on the subject, but what is everyones thoughts on the different resale sites? I have noticed points are quite a bit higher on some sites (DVC Resale Market) than others (Fidelity). Anyone?

 

[DVC Mike]

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[msjprincess]

One word of advice if you're looking for a resale. Sign up for emails through different agencies. They usually send out emails when listings become available before they even appear on their website. With both of my resale contracts the owners accepted my offer before it appeared on the site. I had a great experience but the agency doesn't appear to be listed on the link above so I'm not sure if I'm allowed to say who it was.

 

[mickeyman]

Fidelity.com is who I used and was very happy.

 

[ktmo]

I am in the process of purchasing resale. I think one thing you need to also look at is communication and length of the process. Some companies seem to move a whole lot quicker than others. It isn't just the broker, but also the title company that they use. The title company that is being used for my contract, doesn't appear to move very fast and is waiting until the "on or before" by date on my contract. So, don't just look at price per point.

 

[mickeyman]

Everyone is so different. Mine went so fast, others passed ROFR in August and haven't even closed yet

 

[oldwash]

Not sure this is allowed, as I cannot find a similar post on the subject, but what is everyones thoughts on the different resale sites? I have noticed points are quite a bit higher on some sites (DVC Resale Market) than others (Fidelity). Anyone?

I think you'll find points shown might be a little misleading. I believe both sites show the original asking price, but the first tends to list high and take offers, whereas the second tends to list low and competing bids drive the price higher. This is based upon my offers and a limited observation time, but I could be wrong.

 

[crisi]

I'd worry about the contract you want at the price you want and not worry too much about the broker. You can make offers and see if the owner bites - but as oldwash implies, the listing price is a starting point. A low listing price from any broker is likely to get multiple bites fast driving the price higher than the listing price. A higher listing price from any broker will create a contract that doesn't see many offers - and one where the owner might (or might not) be willing to sell for less. If you are looking for something very specific (a specific number of points at a specific resort with a specific use year within a specific price range) you may not be able to be picky on broker as well.

Some brokers have better reputations for service during the process than others - they seem to keep you updated better and seem to push the process through faster, but the information is anecdotal and subject to change.

 

[CarolMN]

One word of advice if you're looking for a resale. Sign up for emails through different agencies. They usually send out emails when listings become available before they even appear on their website. With both of my resale contracts the owners accepted my offer before it appeared on the site. I had a great experience but the agency doesn't appear to be listed on the link above so I'm not sure if I'm allowed to say who it was.

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[LisaS]

In addition to everything already mentioned you have to look at the whole package when comparing prices. I am in the process of selling a contract through www.dvcresalemarket.com. My listing price might have appeared high but the contract came with nearly a year's worth of banked points and we did not ask for reimbursement of the 2015 dues. When you factor that in, the contract was actually very attractively priced. I'm guessing our buyer realized this because we had an offer within hours of the contract being listed on the broker's website at close to the asking price. If the buyer opts to rent out those banked points, our contract will end up costing less per point than many others I saw listed at various brokers at that time. I have been very happy with the service from this broker, in particular their communication with me has been excellent.

As mentioned, there have been reports about some brokers listing contracts for low prices but then encouraging bidding wars among potential buyers. In other words, if you called and offered to pay asking price you are told that there are other potential buyers and the bid is currently up to $xxx per point, somewhat higher than than the low price that is posted on their website.

In regards to Fidelity specifically, I recall reading that they charge an admin fee of $195 that other brokers do not charge. I don't know if that's still true but if it is, then it needs to be factored in when comparing prices.