What if I want to sell my points?

[PattiKake]

I'm a new visitor to this site. What brought me here is my need to sell my points. While I thought I'd use a broker, the comission rate is outrageous. Then I thought maybe ebay would be a good place to go, but there doesn't seem much DVC activity there.

What do people do who want to sell? Are there web-sites for individauls? Anyone have a success story they wish to share? Are brokers the best way to go?

I'd like to get a sense of my options and opportunities before I drop 12% broker fee.



Any advice is welcome.

 

[JimC]

Welcome to the DIS! Timeshare Users Group (TUG) -- http://www.tug2.net/ -- is another option. If you sell it yourself, get a closing company to handle the escrow and paperwork. You probably don't want to handle that.

Use a broker if you don't want to handle the sales function -- advertising, screening, contract negotiation, contract drafting and the like yourself. Some folks are quite comfortable undertaking that themselves, others are not or don't want to take the time to do it.

 

[PattiKake]

Hi Jim,
Thanks for the tip. Just went on their site - they charge a membership fee! It won't break the bank, but I wasn't expecting to pay anything for a look around at listings. Do you know if people actually buy/sell on that site? I'm expecting to handle the marketing and negotiations myself - but you're right about hiring a company to handle the transfers, title search, etc. My guess is that in the world of timeshare sales, Disney's properties are top of the line. Do you know how DVC points compare to other timeshares? Thanks again for all your thoughts.

 

[NCRedding]

I thought the classifieds were free to look at on tug. I'm a member, only have to give the password to check out the reviews.

 

[Dean]

For TUG, you can look for free but you must join to place an add. It's $15 for year one but you get a free ad in the process. Redweeks.com is $10 per year. Bidshares is a flat $50 auction fee if you sell. Ebay is $50 to list but not sure what the final fees would be. www.timeshares.com has a free classified listing. It depends on how badly you want to sell. If you want a quick sale, a broker is the way to go or you could try the auctionsites. If you are more worried about what you put in your pocket but don't care if it takes a year or 2, you should list in as many cheap places as you can. DO NOT PAY AN UPFRONT FEE no matter what anyone tells you.

 

[Cruelladeville]

You don't have to pay to look at the sales listings. You do have to pay to list your own timeshare, though. When you go to the website, go to the bottom of the page and click on classifieds. Once you get to that site, scroll down a bit to where locations are listed, and click on the area you want to view. Once you're there, you can arrange the listings by resort, price, date listed, and so forth. The last time I was there they had listings for about 6 DVC resorts.

I recently sold a contract, and it was worth 12% to have them handle things! Are you really prepared to do the screening and sales, set up of contract, going thru ROFR, and possibly having your sale--and your time--bought up by Disney after all that work? I just felt that having someone else do the work made the selling pretty painless, and most people feel that things will be more honest and above-board if they work with a reputable realator. Of course, this turned out to be way above my level of expertise, but if you are a banker or realator and are used to the paperwork, this might be just the thing for you to do. Good luck!

 

[disneyberry]

PattiKake, i would also recommend trying to advertise on TUG first, if you really are that concerned about the commission costs.

i did try the TUG route myself when i was selling off one of my contracts. however, many of the interested buyers responding via TUG were not too knowledgeable about DVC, so you might need to be patient and willing to explain DVC to them.

it is also possible that those people who search TUG resale listings are the kind of people who are looking for a good bargain on a resale, thus they may not be willing to pay as much for a resale.

anyway, in the end, i chose to use a resale broker (DVC By Resale), who found a buyer for me the day after i listed my contract. much, much faster!

good luck.