Why must one pay 10% for resale?

[Nlihte]

Most realtors around the country charge on the average 5% commission to sell a property. Why do the Disney resale companies charge such an outrageous amount. If a person is wanting to sell 250 points that is 2000.00 dollar commission. Is this just plain greed or am I missing something?

 

[Pa@okw95]

It is probably because it is not worth it to them to do it for less, especially with all these small contracts they have to sell. When selling a regular house the total commission is much higher because of the large cost of the house. These contracts rarely reach $ 25,000, unlike houses that don't start for much less then $200,000 for a small house.

 

[Granny]

I don't know the real answer, other than "because they can".

But my guess is that the commission is that rate because timeshare resale contracts are much smaller than houses. Most houses are $100,000 on up, while the typical DVC resale contract is maybe $15,000 or so.

And you're very fortunate if you can find realtors to work for 5% on real estate. Around here, 7% is pretty much the going rate.

 

[POOH&PIGLET]

I agree "because they can".

Around here, you don't need a realtor. The market is such that you would be a fool not to sell it yourself.

 

[calypso*a*go-go]

I'm sure, like anything else...they will charge whatever the market will allow. Thank goodness there are ways to sell w/o a broker for those that want to.

 

[Happy Birthday Cat]

Do some research on how and sell it on your own. You could do it through TUG or even on e-bay.

Good luck.

HBC

 

[jbthi]

I have 2 of my better TS up for sale and the resort is asking 20% commission.

Several of the resorts in that area ask 25%

 

[Nlihte]

I have 250 at BCV and down the road we might sell. If I feel I have the smarts to do it myself I would consider that possiblility.
Even if it took me 20 hours to do the paperwork that would still be 200 hundred dollars an hour that I would be saving.
Thanks for the suggestions.
I realize that this site is probably possible because of the income that is generated by resales. I do not take anything away from the fine individuals who do fine work helping the average persons sell. It is nice to know that we do have a choice.

 

[rinkwide]

Three words:

eBay, eBay, eBay

 

[Dean]

Most timeshare resale agents charge between 10% & 12% with a minimum generally between $995 & $1500. The reason is obvious, the small dollars involved. Many of the retail companies will resale as well for as much as a 45% commission though they're likely getting higher prices. Still, if you are realistic, you should be able to sell it yourself and get more than through a broker though likley less tahn a broker would get in many cases.