Anyone use sell my timeshare now?

[Kim Gillihan]

I found a few listings on sell my timeshares now.. but their website is extremely frustrating.. not all info is there, like use year and points available etc. So, I am waiting on a rep to get the info to me which is already frustrating.. so just wondering if anyone has anything to say about them?

thanks, KIM

 

[supersnoop]

Get a closing cost estimate. Some folks posted about crazy closing costs; like $1,500 where most reputable brokers charge $400-$600.

 

[Rylie Grite]

I made an offer 20 days ago was quoted $1100 closing costs on a 100 point AKV contract. I was chasing down the salesman every other day for 2 weeks then went to one email per week. Heard back today that the seller wants more than my offer.

In parallel I made another offer, had it accepted and passed ROFR.

 

[Kim Gillihan]

I made an offer 20 days ago was quoted $1100 closing costs on a 100 point AKV contract. I was chasing down the salesman every other day for 2 weeks then went to one email per week. Heard back today that the seller wants more than my offer.

In parallel I made another offer, had it accepted and passed ROFR.

So you went with another broker? this is what I am afraid of.... crazy... but they may have what I am looking for.. and no one else does!! ugh

 

[Kim Gillihan]

Get a closing cost estimate. Some folks posted about crazy closing costs; like $1,500 where most reputable brokers charge $400-$600.

sounds crazy all right....

 

[KSkywalker17]

I used them to buy a resale contract recently, and I agree their website is vague. I e-mailed them about a few listings for the resort I was interested in to find out the use year and if there were any points banked. I found a loaded BLT contract with the use year I was looking for and made an offer (Feb/160points with all the 2016 banked). I don't remember what the asking price was but I told the broker I was only going to spend $19,500 (including closing costs and 2016 maintenance fees). They tried to negotiate a little but I held firm that I wasn't paying a dime over that amount and I didn't care how the money was allocated between the seller and closing costs. I had 3 other BLT contracts taken in ROFR for around that price and knew it was a really good deal for me but still pretty reasonable.

The process went pretty well but not as quickly as with the companies that specialize in DVC. It took a really long time to go to ROFR compared to the other offers I made recently. I bought a Poly contract through Disney last year and a small resale Poly contact earlier this year through Fidelity that went really quick and smooth. We reached an offer on this contract the first week of December and I'm still waiting for the points to get into my account (the deed was recorded a couple weeks ago so I should see the points any day now). The one nice thing is that we could put up to a $10,000 deposit down on a credit card so we were able to earn a lot of miles on the sale before paying everything off.

Our broker was fine but nothing special that would make me refer her to you. My opinion is that they are sufficient but not ideal, I just got the feeling that they weren't incredibly knowledgeable on DVC compared to the companies that deal only in DVC. I would recommend having a fair price in mind that you think the contract should cost with everything included and stick to that price.

 

[Kim Gillihan]

I used them to buy a resale contract recently, and I agree their website is vague. I e-mailed them about a few listings for the resort I was interested in to find out the use year and if there were any points banked. I found a loaded BLT contract with the use year I was looking for and made an offer (Feb/160points with all the 2016 banked). I don't remember what the asking price was but I told the broker I was only going to spend $19,500 (including closing costs and 2016 maintenance fees). They tried to negotiate a little but I held firm that I wasn't paying a dime over that amount and I didn't care how the money was allocated between the seller and closing costs. I had 3 other BLT contracts taken in ROFR for around that price and knew it was a really good deal for me but still pretty reasonable.

The process went pretty well but not as quickly as with the companies that specialize in DVC. It took a really long time to go to ROFR compared to the other offers I made recently. I bought a Poly contract through Disney last year and a small resale Poly contact earlier this year through Fidelity that went really quick and smooth. We reached an offer on this contract the first week of December and I'm still waiting for the points to get into my account (the deed was recorded a couple weeks ago so I should see the points any day now). The one nice thing is that we could put up to a $10,000 deposit down on a credit card so we were able to earn a lot of miles on the sale before paying everything off.

Our broker was fine but nothing special that would make me refer her to you. My opinion is that they are sufficient but not ideal, I just got the feeling that they weren't incredibly knowledgeable on DVC compared to the companies that deal only in DVC. I would recommend having a fair price in mind that you think the contract should cost with everything included and stick to that price.

That is taking forever! you reached deal in december! Well, I lost my akv contract thru fidelity I wanted in rofr.. so looking again and they have 2 contracts that I am considering... one is 320 total points june uy which is what I really want but this one is priced really high and I am not paying 98 per point, he crazy! .. the other is 2 - 160 point contracts at great price which I really like being split like that but its december uy.... that could work but our thanksgiving travel would be the only one to be worried about. I am also considering buying 300 or so points and splitting them akv/baylake.. you love baylake obviously, any advice on that or my december uy issue??

 

[miTnosnhoJ]

I would recommend having a fair price in mind that you think the contract should cost with everything included and stick to that price.

This is good advice for any broker.

 

[KSkywalker17]

That is taking forever! you reached deal in december! Well, I lost my akv contract thru fidelity I wanted in rofr.. so looking again and they have 2 contracts that I am considering... one is 320 total points june uy which is what I really want but this one is priced really high and I am not paying 98 per point, he crazy! .. the other is 2 - 160 point contracts at great price which I really like being split like that but its december uy.... that could work but our thanksgiving travel would be the only one to be worried about. I am also considering buying 300 or so points and splitting them akv/baylake.. you love baylake obviously, any advice on that or my december uy issue??

If you really like the contract I would offer what you think is a fair price, don't sweat offending someone they can just reject the offer.

I have my contracts on the same use year, I find it keeps things streamlined and simple to combined points within 7 months. From what I read on the boards, those who have multiple use years treat them separate and use them for different trips (ie one contract for food and wine and one for summer vacation exclusively).

I thing you have the right idea to go for two different 160 point contracts as opposed to one large contract. It gives you an 11 month window at 2 different resorts. It all depends on your vacationing style.

 

[TexasChick123]

I reached out to them about a month ago. The closing costs were about $1500 for a 200 point contract. Be aware of this when using them. You can always ask the seller to pay all of at least half of the closing costs since they are so high.

 

[kniquy]

When i was early on in my resale process I did contact them questioning them about a contract they had listed - basically asking about the points status (current, banked ect). The person who responded to me didn't really know so they said they had to contact the owner. Right there I didn't have a good feeling about them. They should know the details about what they have listed and be able to answer me or just find out and get back to me. Don't tell me you don't know!

 

[TexasChick123]

When i was early on in my resale process I did contact them questioning them about a contract they had listed - basically asking about the points status (current, banked ect). The person who responded to me didn't really know so they said they had to contact the owner. Right there I didn't have a good feeling about them. They should know the details about what they have listed and be able to answer me or just find out and get back to me. Don't tell me you don't know!

I had a similar conversation with a broker when I called as well. Makes me wonder why owners list with them. To each his own.

 

[Kim Gillihan]

When i was early on in my resale process I did contact them questioning them about a contract they had listed - basically asking about the points status (current, banked ect). The person who responded to me didn't really know so they said they had to contact the owner. Right there I didn't have a good feeling about them. They should know the details about what they have listed and be able to answer me or just find out and get back to me. Don't tell me you don't know!

I agree, same experience....

 

[Kim Gillihan]

I had a similar conversation with a broker when I called as well. Makes me wonder why owners list with them. To each his own.

Yes!

 

[Kim Gillihan]

I reached out to them about a month ago. The closing costs were about $1500 for a 200 point contract. Be aware of this when using them. You can always ask the seller to pay all of at least half of the closing costs since they are so high.

Wow, thats nuts.....

 

[Kim Gillihan]

I decided based on a few things including the negative reviews to move on... I am hoping for AKV and Baylake at some point... have offer out on AKV again with fidelity working with Bonnie, and waiting to hear about an offer I made yesterday!! I also have offer on BLT one with disney magic, but haven't heard back so I pretty much gave up and went for the akv when I saw it pop up... man.. I just want to get this done on at least one.

 

[TexasChick123]

I decided based on a few things including the negative reviews to move on... I am hoping for AKV and Baylake at some point... have offer out on AKV again with fidelity working with Bonnie, and waiting to hear about an offer I made yesterday!! I also have offer on BLT one with disney magic, but haven't heard back so I pretty much gave up and went for the akv when I saw it pop up... man.. I just want to get this done on at least one.

Make sure that you call every broker to let them know that you have placed the offer. All of them, and I do mean ALL OF THEM, get so many emails that I think some get lost in the shuffle. I have now worked with 4 different brokers on executed contracts and more than that for offers. If you would like more info, I would be happy to share. Some I would recommend, others have been atrocious. If you want, I can send you a FB message as your profile name is your user name on here if you have a FB account since I cannot figure out how to send a private message on here. I live just up the road from you. Just let me know. Best of luck!

 

[Kim Gillihan]

Make sure that you call every broker to let them know that you have placed the offer. All of them, and I do mean ALL OF THEM, get so many emails that I think some get lost in the shuffle. I have now worked with 4 different brokers on executed contracts and more than that for offers. If you would like more info, I would be happy to share. Some I would recommend, others have been atrocious. If you want, I can send you a FB message as your profile name is your user name on here if you have a FB account since I cannot figure out how to send a private message on here. I live just up the road from you. Just let me know. Best of luck!

wow! you welcome to facebook me... I can also try send you the message on here and see if you get it! I did call and email Bonnie and was working with her on my first contract that got taken.. so hopefully she is on it!! She said she was expecting to hear from the sellers that was about 3 today.. so I am hoping to know something early tomorrow.

 

[dlhoop2000]

I have been looking for a specific resort and use year to add on. Are there any brokers that will look for you and notify you when something comes along, or is searching all of the many resales the only way?
Thanks in advance

 

[TinyTGO]

I reached out to them about a month ago. The closing costs were about $1500 for a 200 point contract. Be aware of this when using them. You can always ask the seller to pay all of at least half of the closing costs since they are so high.

I had the same experience. $1,500 closing costs. Their response to me when I asked about it was, "that's what everyone charges... just lower your price $1500." i was like ehhh... that's not what anyone charges actually.