DVC RESALES
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Old 06-09-2014, 11:05 PM   #1
*pixie*
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Resale maintenance fees

Currently looking at a resale listing. UY is October. Comes with a few banked points from 2013 and full 2014 points. Seller is asking for maintenance fees. If we as the buyer paid these, are these 2013 fees and then we would we pay another full years worth of fees in October 2014?

I've been asking so many questions, thanks for everyone's patience.
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Old 06-10-2014, 02:00 AM   #2
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MF are paid either in one lump sum at the start of the year or monthly in 12 equal monthly payments. UY does not have anything to do with when MF are due.

Typically most sellers ask for the current year's MF, but to be exact it should be stated as buyer to pay 2014 MF. Your contract will say thie exact terms.

Everything in a sale is negotiable, including MF. Other than my first purchase when I didn't know any better, I've never paid MF in a purchase.
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Old 06-10-2014, 05:23 AM   #3
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Originally Posted by *pixie* View Post
Currently looking at a resale listing. UY is October. Comes with a few banked points from 2013 and full 2014 points. Seller is asking for maintenance fees. If we as the buyer paid these, are these 2013 fees and then we would we pay another full years worth of fees in October 2014?

I've been asking so many questions, thanks for everyone's patience.
Maint fees for DVC are paid on a calendar year basis, not use year. Therefore, if you were only getting 2014 points and no 2013 points, the proper fees would actually be 3/12 of the yearly total. However, most resale agents take the incorrect stance of "you get the points, you pay the dues" as their idea of the neutral position. It's incorrect but you'd be fighting an uphill battle. Of course you'll have to decide what the overall value is. As noted, it is negotiable.
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Old 06-10-2014, 06:51 AM   #4
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Quote:
Originally Posted by *pixie* View Post
Currently looking at a resale listing. UY is October. Comes with a few banked points from 2013 and full 2014 points. Seller is asking for maintenance fees. If we as the buyer paid these, are these 2013 fees and then we would we pay another full years worth of fees in October 2014?

I've been asking so many questions, thanks for everyone's patience.
They are probably fees for the 2014 points but you need to discuss this with the broker since you may be doing business with them.

Bill
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Old 06-10-2014, 09:02 AM   #5
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So, if I'm understanding correctly, if we pay the MF the Seller is asking, we would then have to pay MF again in January 2015?

Thinking we will pass on this listing. Between the seller asking for MF and around $4 more a point than other listings, doesn't seem like much of a deal.
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Old 06-10-2014, 09:09 AM   #6
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So, if I'm understanding correctly, if we pay the MF the Seller is asking, we would then have to pay MF again in January 2015?

Thinking we will pass on this listing. Between the seller asking for MF and around $4 more a point than other listings, doesn't seem like much of a deal.
You can negotiate PP $$$, maintenance fees and closing costs - it is up to you to make the offer
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Old 06-10-2014, 02:45 PM   #7
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So, if I'm understanding correctly, if we pay the MF the Seller is asking, we would then have to pay MF again in January 2015?

Thinking we will pass on this listing. Between the seller asking for MF and around $4 more a point than other listings, doesn't seem like much of a deal.
It never hurts to make an offer based on what you think the total value is of the contract. The worst they can do is say is "no."
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Old 06-10-2014, 03:18 PM   #8
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I know we can make an offer, but to get within the range we would be comfortable in, they would have to accept $5 less a point AND pay both closing and MF that they are asking for.

I'm not optimistic they would accept the offer.
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Old 06-10-2014, 03:39 PM   #9
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I know we can make an offer, but to get within the range we would be comfortable in, they would have to accept $5 less a point AND pay both closing and MF that they are asking for.

I'm not optimistic they would accept the offer.
They may not, but $5 less than asking price is not an unreasonable or unusual offer in most cases. I would just determine the total price you are willing to pay, including MF and closing costs and parse that up how ever you want between the offer for points, MF and closing costs. You may be surprised.
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Old 06-10-2014, 03:40 PM   #10
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I know we can make an offer, but to get within the range we would be comfortable in, they would have to accept $5 less a point AND pay both closing and MF that they are asking for.

I'm not optimistic they would accept the offer.
Never ever say no for them. Put your offer out there and see what they say.
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Old 06-10-2014, 03:43 PM   #11
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They may not, but $5 less than asking price is not an unreasonable or unusual offer in most cases. I would just determine the total price you are willing to pay, including MF and closing costs and parse that up how ever you want between the offer for points, MF and closing costs. You may be surprised.
Thank you so much for this! I wasn't sure if asking $5 less a point was completely outrageous or not, or if even $1-2 less a point was an "acceptable offer".
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Old 06-11-2014, 07:59 PM   #12
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I say make an offer! Our seller was asking for a reasonable amount for our AKV contract at $70 PP(which is currently in ROFR). We offered $65 PP thinking it would a great negotiating point and we would land around $68 PP. Our seller accepted our offer of 65! Now we are a little worried about ROFR but we are paying closing and there is no MF until 2015 because there are no points until then. You never know until you try!
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Old 06-12-2014, 12:40 AM   #13
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So, if I'm understanding correctly, if we pay the MF the Seller is asking, we would then have to pay MF again in January 2015?

Thinking we will pass on this listing. Between the seller asking for MF and around $4 more a point than other listings, doesn't seem like much of a deal.
If you are getting the 2014 points I am of the opinion it is fairly reasonable to ask you to pay the 2014 MFs. I think most sellers with 2014 points would expect the same
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Old 06-12-2014, 05:14 AM   #14
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If you are getting the 2014 points I am of the opinion it is fairly reasonable to ask you to pay the 2014 MFs. I think most sellers with 2014 points would expect the same
The 2014 maint fees are for 9 months of the 2013 points and 3 months of the 2014 points.
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Old 06-16-2014, 10:40 PM   #15
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Well, I found another contract that didn't have as many current points, therefore less MF. I contacted the agent and said I would like to make an offer of $5 less a point, seller pay closing, buyer pay MF.

I was told my PP offer was a good starting point (yay!), but that it wasn't a typical negotiation to have the seller pay closing.

This is going to be a long, exhausting process!
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