What's the best/cheapest way to sell??

[AlexTina]

I have 3 contracts. I have decided after much consideration that I would be better off if I went ahead and sold these contracts in order to get my student loans paid off and then buy again once I'm debt free. My question is, is there anyway to sell yourself? Has anyone here had success selling on their own? Is it best to go with the timeshare store? Is there a reseller that offers a lower comission that the timeshare store?

TIA

Tina

 

[Crystal_27]

The cheapest way to sell is to definitely do a "friend-to-friend" transaction where no commission is involved. Failing that, though, I think your best chance of selling is to just go with a reseller - I think the commission rates are fairly standard throughout the industry. Also, just as some advice, if you aren't able to sell and get what you want, you might be able to rent your points for a couple of years and at least have the MFs paid for. That way, if you get a windfall and pay off your student loans, your contracts will still be there for you. Either way - best of luck!

 

[AlexTina]

Thanks for the reply. I assumed that the comissions were an industry standard but figured it couldn't hurt to ask. The good thing is that this is not a do or die situation, it's just me trying to be a responsible adult. So if I can sell them for a decent amount great, if not no problem it will just take a bit longer to get the student loans paid.

Tina

 

[culli]

Thanks for the reply. I assumed that the comissions were an industry standard but figured it couldn't hurt to ask. The good thing is that this is not a do or die situation, it's just me trying to be a responsible adult. So if I can sell them for a decent amount great, if not no problem it will just take a bit longer to get the student loans paid.

Tina

I don't know your situation, but if you plan to sell DVC pay off student loans and turn around and buy DVC again later you will lose "real" money. I'm not saying don't do this just make sure you sit down and do some number crunching and verify it makes fiscal sense.

 

[AlexTina]

I guess I was looking at it like a savings account. If I had 10k sitting in a savings account and had 5k in cc debt it wouldn't make sense for me to continue sitting on the 10k and making payments on the 5k. Since my DVC is a luxury I figured I should eliminate the luxury to get rid of the debt. After talking to DH last night (doesn't want to sell) I think I'll just make cuts else where and keep my contracts, we really love our DVC and would definately turn around and buy again so yes in the end there would likely be a lose if I chose this route. Bottom line it seemed like a good idea when it first entered my head . Maybe not so much now that I've really spent some time considering it.

Tina

 

[AlexTina]

I guess I was looking at it like a savings account. If I had 10k sitting in a savings account and had 5k in cc debt it wouldn't make sense for me to continue sitting on the 10k and making payments on the 5k. Since my DVC is a luxury I figured I should eliminate the luxury to get rid of the debt. After talking to DH last night (doesn't want to sell) I think I'll just make cuts else where and keep my contracts, we really love our DVC and would definately turn around and buy again so yes in the end there would likely be a lose if I chose this route. Bottom line it seemed like a good idea when it first entered my head . Maybe not so much now that I've really spent some time considering it.

Tina

 

[ToddyLu]

DH had to put some sense in to me when I started talking about an add on this past weekend....

He had to use the "we have enough points to carry us for the next two years " line... Then I had to admit he was right!

 

[CarolMN]

I guess I was looking at it like a savings account. If I had 10k sitting in a savings account and had 5k in cc debt it wouldn't make sense for me to continue sitting on the 10k and making payments on the 5k. Since my DVC is a luxury I figured I should eliminate the luxury to get rid of the debt. After talking to DH last night (doesn't want to sell) I think I'll just make cuts else where and keep my contracts, we really love our DVC and would definately turn around and buy again so yes in the end there would likely be a lose if I chose this route. Bottom line it seemed like a good idea when it first entered my head . Maybe not so much now that I've really spent some time considering it.

Tina

Kudos for wanting to get rid of your student loans as soon as you can.

Since your DH doesn't want to sell (and you don't either as evidenced by your plan to buy in again after you are debt free), my advice is to seriously look at renting the points while you work to get rid of the debt Take a look at Daddios' service (link in ad at top of Rent/Trade Forum). In most cases, he'll give you $10 per point and all you'll have to do is make a few calls to MS. (So limited work and risk for you). Then you can use the proceeds to pay your dues and apply the excess to your debts. You can also put the amount you'd normally spend on a WDW vacation (beyond the DVC) towards the loans.

Whatever you decide, - good luck!

 

[Dean]

If you don't have to sell quickly, the cheapest way is to list on places like craiglist, ebay, redweeks, bidshares and TUG. Most resale companies for timeshares will do none exclusive listings where you don't pay a commission if you find the buyer yourself. You could even cut out much of the closing costs for a priivate sale if both parties agreed. Even if you sold for less, you might net more $$$ after all is said and done. You could rent in the interim.

 

[yekcoh_99]

I don't mean to sound like a dirtbag but just an oportunist, what are you selling?

 

[Jason@dvcstore]

I don't mean to sound like a dirtbag but just an oportunist, what are you selling?

FYI: That information cannot be posted on the Disboards unless the rules have changed.

Jason

 

[Jason@dvcstore]

Is it best to go with the timeshare store?

TIA

Tina

Of course, I say "Yes, it is best to go with The Timeshare Store, Inc.®"



Jason

 

[adminjedi]

Thanks for the reply. I assumed that the comissions were an industry standard but figured it couldn't hurt to ask. The good thing is that this is not a do or die situation, it's just me trying to be a responsible adult. So if I can sell them for a decent amount great, if not no problem it will just take a bit longer to get the student loans paid.

Tina

With larger contracts, you may be able to negotiate a lower commission rate with Jaki at http://www.**********.com/

 

[CarolMN]

I don't mean to sound like a dirtbag but just an oportunist, what are you selling?

FYI: That information cannot be posted on the Disboards unless the rules have changed.

Jason

The rules have not changed. We do not allow "For Sale" posts (or any posts that could be construed as such).

DISboards.com Guidelines

 

[Jason@dvcstore]

The rules have not changed. We do not allow "For Sale" posts (or any posts that could be construed as such).

DISboards.com Guidelines

Thank you.

Jason

 

[Jason@dvcstore]

With larger contracts, you may be able to negotiate a lower commission rate with Jaki at http://www.**********.com/

I realize this is probably obvious but this doesn't always mean more money in the sellers pockets. In my opinion The Timeshare Store, Inc.® has a better record of selling larger point listings at higher prices. The commission might be higher but with the higher selling price can still possibly put the same or more money in the sellers pockets.

If it wasn't obvious as least gives people something to think about.

Jason

 

[adminjedi]

I realize this is probably obvious but this doesn't always mean more money in the sellers pockets. In my opinion The Timeshare Store, Inc.® has a better record of selling larger point listings at higher prices. The commission might be higher but with the higher selling price can still possibly put the same or more money in the sellers pockets.

If it wasn't obvious as least gives people something to think about.

Jason

Interesting....Are the sales stats available to analyze contract size and selling price with both companies?
Since buyers use the ROFR prices for "current market analysis", my guess is they tend to offer the same regardless of what commission the seller is paying. Just for kicks, I ran some numbers for an example. A 250pt contract selling at $80 per point at 8% commission instead of 10% commission is a $400 savings to the seller. That means at a 10% commission the contract would have to sell at $81.60 for the same seller net. Selling for more does not necessarily translate to the seller netting more.

 

[cel_disney]

Interesting....Are the sales stats available to analyze contract size and selling price with both companies?
Since buyers use the ROFR prices for "current market analysis", my guess is they tend to offer the same regardless of what commission the seller is paying. Just for kicks, I ran some numbers for an example. A 250pt contract selling at $80 per point at 8% commission instead of 10% commission is a $400 savings to the seller. That means at a 10% commission the contract would have to sell at $81.60 for the same seller net. Selling for more does not necessarily translate to the seller netting more.

But if it sells one month faster with TSS than others (I have no idea if this is something that happens?), the seller would not have to pay dues that month which likely equate to the commission savings you are pointing out.

 

[AlexTina]

Thanks for all the advice. We've decided to definately keep the BLT contracts, still considering selling the other contract. We love BLT. Still need to figure out whether or not it makes sense financially to sell the other contract and then buy again at BLT later. We would like to have all of our points at BLT in the end. BLT has a higher point value on the resale market, so when purchasing we would spend more initially for BLT points, however, BLT does have lower maintenance fees so maybe that will make a difference in the final cost. Lots to consider.

Tina

 

[sweetdana]

So, do you plan on not going to DW until you are debt free? If so KUDOS agreed. Hubby and I went 5 years with 1 vacation trying to pay off our HELOC, then paid cash for DVC. .. Some people will still go to DW anyway, as they have kids.. If you are probably still going to go, consider a point transfer, or renting them out and skipping a year or so. If you save 400$ in annual interest and spend an extra 800$ on a vacation you are not ahead.

NICE JOB on thinkning about smart money.