Dues on banked points - resale contract

[macman123]

Ive recently put in an offer on a contract with Aug UY which has 2024 banked points.

However, the seller wants dues on 2025 points AND 2024 points. They say they are banked and are entitled to that.

Has anyone else ever had this?

Ive got 35 contract and never been asked to pay dues on banked points.

I explained to broker dues are calendar year, not UY, but seller is adamant

 

[tarheellovesdisney]

You have a lot more experience that I do, but we just had an offer accepted a few weeks ago on a contract with full UY '24 & '25 points. Our offer was the seller pays for '24. The broker made one suggestion that we pay for those since we'll have access to them and I said no. Seller accepted our offer. I would not want to pay dues on banked points. How many points is it? How good a deal did you get? Can you instead ask seller to pay for closing?

 

[thanxfornoticin]

Agree with tarheellovesdisney - it's a negotiation item. If the seller is adamant about the buyer paying the dues, then I'd move on to another option if you're not willing to pay them.

 

[Genie+]

This late in 2024 - that is hilarious!

If you really want this contract and they won’t budge on this issue, maybe try offering 4 months of dues.

 

[JackosinDIS]

I’ve not heard of anyone asking for dues to be paid this late in the year before. Personally I wouldn’t agree, but depends how good a deal you have got on the contract.

 

[Brian Noble]

Don't worry about whether you are paying for '24 Dues or not. Worry about the out-the-door price. If that's a price you are happy with, who cares how you get there? If you are not happy with the price, figure out what the seller doesn't care about to get you there, and push on that.

 

[Sandisw]

I have never done a reimburse for dues this late, especially since by the time you close it will be 2025.

But, it’s what you pay total that really matters. If the offer doesn’t work with the dues, lower it and go from there…

 

[macman123]

I went back and said they pay closing

So let’s see. I mean it’s only 3 days of dues left !

 

[Genie+]

I went back and said they pay closing

So let’s see. I mean it’s only 3 days of dues left !

Ask to pro-rate it to 3 days lol.

 

[D-Trick]

I agreed to a contract in Oct for a contract with full 2024 points (not banked) and had no objections paying the MFs on them. The out the door price was acceptable enough.

 

[macman123]

Ask to pro-rate it to 3 days lol.

Well worst case Aug UY then it should be dues from Aug-Dec otherwise you are paying dues on 2023 points

 

[DVC Doctor]

Banked points from 2024 into 2025 are almost as good as unbanked points, assuming you use them in 2025 and dont need to bank them, however I would NOT pay extra for them, but I would pay 2025 dues and closing. If they pay closing, then I may offer 50% of the dues for 2024.

One thing to remember is that you can rent those 2024 banked points for about $18pp, so even if you pay an extra $7pp, it can still be considered a good deal.

 

[Jimmy Geppetto]

“There will always be another contract”

Depending on the price per point, you may be better to wait and find another contract where the seller has more reasonable expectations. There will be more contracts listed in the future and they will have banked points.

 

[AstroBlasters]

Don't worry about whether you are paying for '24 Dues or not. Worry about the out-the-door price. If that's a price you are happy with, who cares how you get there? If you are not happy with the price, figure out what the seller doesn't care about to get you there, and push on that.

this. The only thing that matters is the total price when all is said and done. If you think it’s a good deal then get it closed, if you don’t then pass.

 

[disneylandtour]

Agreed that the final price is what matters. But it's ridiculous to ask for 2024 MF when you won't even have the contract in 2024. I'd reject that. Or at least counter with, if you as the buyer pay 2024 and 2025 MF, the seller pays all closing costs. Basically, if the seller wants to make out-of-the-ordinary requests, you can do that, too.

 

[DVC-CA]

I agree with the comments that the final out the door price is what matters. As well as what you might do with those banked points. I always get a little quiver in my stomach in situations like this when a seller insists on something that is uncommon because it makes me stop and wonder how they will react if something else unexpected comes up. It’s the only window you have into their negotiating and decision making matrix, and it isn’t great.

For what it’s worth, I just bought a BLT contract with 800 points in 2025 use year (400 of which were banked from 2024). I am not paying 2024 maintenance fees and I absolutely considered the fact that I could possibly rent those extra points when thinking about the actual cost of my purchase. If they’d insisted I pay maintenance fees on 2024 points, well…

 

[AstroBlasters]

I agree with the comments that the final out the door price is what matters. As well as what you might do with those banked points. I always get a little quiver in my stomach in situations like this when a seller insists on something that is uncommon because it makes me stop and wonder how they will react if something else unexpected comes up. It’s the only window you have into their negotiating and decision making matrix, and it isn’t great.

For what it’s worth, I just bought a BLT contract with 800 points in 2025 use year (400 of which were banked from 2024). I am not paying 2024 maintenance fees and I absolutely considered the fact that I could possibly rent those extra points when thinking about the actual cost of my purchase. If they’d insisted I pay maintenance fees on 2024 points, well…

I feel like this could make the OP feel like a “chump” for paying 2024 dues. I think most people pay dues for the points they use. If those are banked points then you are still using them.

Also, a 400pt contract is a massive contract and you will get more concessions than a standard contract.

Once again, it’s all about the final all in price.

 

[Brian Noble]

I think most people pay dues for the points they use. If those are banked points then you are still using them.

I agree with this. In the rest of the timeshare world, one typically pays for use, not for days on the calendar. It’s not unreasonable for someone to draw the same conclusion, especially if they are not Extremely Online.

 

[macman123]

I agree with this. In the rest of the timeshare world, one typically pays for use, not for days on the calendar. It’s not unreasonable for someone to draw the same conclusion, especially if they are not Extremely Online.

Thats why I thought maybe dues from 1st Aug - 31st Dec for the 2024 year......

 

[dontae]

Ive recently put in an offer on a contract with Aug UY which has 2024 banked points.

However, the seller wants dues on 2025 points AND 2024 points. They say they are banked and are entitled to that.

Has anyone else ever had this?

Ive got 35 contract and never been asked to pay dues on banked points.

I explained to broker dues are calendar year, not UY, but seller is adamant

Seems that if you are reasonably able to use the banked points, then it might be fair to pay the dues on those points. If circumstances (late closing or other) make it unlikely that you will be able to use them, then not fair to pay. The problem the seller has is that the longer the contract stays listed (not sold) the banked points have diminishing value. But in the end it is all negotiable.