Who is the DVC reseller who guarantees you get it if you pay full list price?

[wishicouldgomoreofte]

I have read people mention some reseller will guarantee you get the contract if you pay full list price (don't negotiate.). Who is that? They don't mean it won't go through ROFR, just that they don't have to contact seller and have a lag time. Is that correct?

 

[Nursemanit]

This does not make sense - Contacting the seller and going under contract takes less than an hour during business hours - no need for a guarantee nor can they offer one as only the seller can say yes.

Any seller ( other than the auctions ) will give it to you if you offer full price. And stay away from the auctions and watch for fees like Fidelity or factor that into your offer.

 

[pianomanzano]

I haven’t heard of any that guarantee you the contract, although I would assume you’d get it 95% of the time since most brokers require commission be paid to them by the seller if a full offer is made. That other 5% would be instances where it’s a popular contract like a small points one or for a certain resort. In those cases I’ve seen instances on these boards where the broker will inform buyers that the seller will accept the highest bid they receive.

 

[wishicouldgomoreofte]

This does not make sense - Contacting the seller and going under contract takes less than an hour during business hours - no need for a guarantee nor can they offer one as only the seller can say yes.

Any seller ( other than the auctions ) will give it to you if you offer full price. And stay away from the auctions and watch for fees like Fidelity or factor that into your offer.

Thank you.

 

[wishicouldgomoreofte]

I haven’t heard of any that guarantee you the contract, although I would assume you’d get it 95% of the time since most brokers require commission be paid to them by the seller if a full offer is made. That other 5% would be instances where it’s a popular contract like a small points one or for a certain resort. In those cases I’ve seen instances on these boards where the broker will inform buyers that the seller will accept the highest bid they receive.

Thank you. I have 2 contracts with Dec UY. I am looking at a June UY. Can it still be under the same membership number if it is titled the same, or will it have to be a new membership number because of a different UY?

 

[pianomanzano]

Thank you. I have 2 contracts with Dec UY. I am looking at a June UY. Can it still be under the same membership number if it is titled the same, or will it have to be a new membership number because of a different UY?

New membership because of different UY. If you title it with the same people/names as the your current membership should be able to see it all under one login on the website, with your contracts separated out by membership.

 

[wishicouldgomoreofte]

New membership because of different UY. If you title it with the same people/names as the your current membership should be able to see it all under one login on the website, with your contracts separated out by membership.

Thank you again. Not the answer I was hoping for. Are AKV contracts being ROFRed?

 

[Sandisw]

I have read people mention some reseller will guarantee you get the contract if you pay full list price (don't negotiate.). Who is that? They don't mean it won't go through ROFR, just that they don't have to contact seller and have a lag time. Is that correct?

I have sold contracts with a few different brokers who had in the contract that if a full price offer was received it is considered sold.

I got the email that just said, congratulations your contract has sold for full asking with paperwork to follow!

It didn’t change the ROfR aspect but was simply considered sold.

 

[wishicouldgomoreofte]

I have sold contracts with a few different brokers who had in the contract that if a full price offer was received it is considered sold.

I got the email that just said, congratulations your contract has sold for full asking with paperwork to follow!

It didn’t change the ROfR aspect but was simply considered sold.

Thank you , Sandi. That must be what they meant.

 

[DonMacGregor]

This does not make sense - Contacting the seller and going under contract takes less than an hour during business hours - no need for a guarantee nor can they offer one as only the seller can say yes.

Took me exactly 27 minutes this morning.

 

[Cyberc1978]

This does not make sense - Contacting the seller and going under contract takes less than an hour during business hours - no need for a guarantee nor can they offer one as only the seller can say yes.

Any seller ( other than the auctions ) will give it to you if you offer full price. And stay away from the auctions and watch for fees like Fidelity or factor that into your offer.

Agree, the wast majority of offers which are sent during normal business hours you get a fast reply. Since im international and if id put in an offer right now (time is 03.50am EST and 09.50CET) then obviously I won't get an answer anytime soon.

 

[Nursemanit]

Took me exactly 27 minutes this morning.

Surprised they don't just call you ....

 

[miTnosnhoJ]

There are no guarantees with ROFR. For example, Disney might take a full price OKW that had not signed the waiver.

Or Disney might have a Direct buyer lined up and needs the points.

There is also a random nature to ROFR. They might let a low price go through and take a higher priced contract. I would not be anxious to pay a high price to avoid ROFR. I think about 90 to 95% go through without being taken, so negotiate a fair price and be happy.

You can look at the ROFR threads here and see people’s actual experience over many years.

 

[DonMacGregor]

Surprised they don't just call you ....

They didn't have to and it probably took less time to email me anyway. I was at the mall and wasn't really situated to take a call, but once I submitted my offer via the website, it was one email to me confirming my offer was correct, one email to the seller 5 minutes later conveying the offer, about 15-20 minutes for the broker to hear back from the seller with a "yes", and about 20 seconds for me to confirm the deal. All while getting some last minute shopping done at Macy's for our trip home tomorrow.

 

[Minniesgal]

It’s not guaranteed even though the reseller says it is. You can make an offer but the owner still has the right to decline that offer until they have signed a contract with the buyer

 

[Sandisw]

It’s not guaranteed even though the reseller says it is. You can make an offer but the owner still has the right to decline that offer until they have signed a contract with the buyer

When I have sold with a few brokers, the contract I signed actually said that if it a full price offer is received, then I agreed it was considered sold, and commission would be owed

So, in those cases, buyers were guaranteed the contract and that is exactly what happened.

 

[Minniesgal]

When I have sold with a few brokers, the contract I signed actually said that if it a full price offer is received, then I agreed it was considered sold, and commission would be owed

So, in those cases, buyers were guaranteed the contract and that is exactly what happened.

I don’t know see that as a guarantee as the seller still has an out albeit a costly one

It might work 98% of the time but while there is still a contractual get out for the seller it isn’t guaranteed until they actually sign a contract with the buyer

 

[Sandisw]

I don’t know see that as a guarantee as the seller still has an out albeit a costly one

It might work 98% of the time but while there is still a contractual get out for the seller it isn’t guaranteed until they actually sign a contract with the buyer

Well, technically, then, it’s not guaranteed until the closing happens as anyone can back out.

The guarantee they were referring to was that if you put in a full price offer, you would become the buyer…and that there was no presenting to the seller or that the seller could refuse but still keep it listed.

 

[crisi]

And backing out does happen....we lost our first contract at full price because the people selling it decided not to sell and unlisted it. For a lot of people DVC is a very emotional possession, and they can list it for sale, but going through with the sale is a different matter. Now, paying the commission on the non-sale is an expensive way to figure that out, but I'm sure it happens.

And, of course, there can be issues with closing that keeps even a willing seller from actually completing the deal. The big one being needing to pay off a loan and the sale not covering the loan itself. The seller must have cash at closing for the closing to go through. For someone who financed a new contract recently and then sells due to financial distress - they may not be able to sell. (They might rent, but that won't cover dues + financing - or Disney can repossess).

 

[SL6827]

What type of contract/resort can a bidding war start?