Frequently Asked Questions
Why use an auction?
With an auction, every bid or “offer” is visible to help buyers make the best decision on what they are willing to pay. This is the most transparent way to offer properties for sale that typically receive multiple offers.Â
Once the auction ends and a bid is accepted, the process will continue as usual. Our ResalesDVC team will prepare the purchase agreement, submit for ROFR and follow the transaction to closing.
What is the Buyer's Premium?
The real estate commission and administrative fees can be paid by the seller, the buyer or both. The buyer’s side is called “Buyer’s Premium.” (Sales Price = Highest Bid + Buyer’s Premium)
This is the most transparent way for a seller to offer the lowest price on their membership and still compensate the real estate agents who conduct and close the transaction. Our Buyers’ Premium is noted on each auction and is a flat fee ranging from $150 – $250.
What other Costs are involved?
Aside from the purchase price (the bid you have placed), you will have Closing Costs (typically ranging from $450-$900), the Buyers Premium (listed on the auction) and any applicable maintenace fees for current year points.Â
What is the reserve price?
Sellers can set a minimum price that they are willing to accept as the winning bid. This price is not known by the bidders ( hidden). The bidders will only know if the reserve has been met.
Is the highest bidder guaranteed to buy?
No, but an online auction is a binding agreement and how far a seller pursues a non-performing bidder is up to them. All bidders should be prepared to continue with purchasing upon an accepted offer. Please ask any questions and secure financing ahead of bidding on a property.
Does a seller have to accept the highest bid?
No. Per Florida Law, a seller reserves the right to counter or reject an offer.
How often do you hold DVC auctions?
Initally we plan on running auctions at least once a month. Our long range goal is to have them on a weekly basis. Subscribe to our auction newsletter to receive notices of upcomming auctions.
Active and Future Auctions
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Grand Californian 160 points August #3GC181P
Auction Ended -
Boulder Ridge 250 points October 2BR680K
Auction Ended -
Saratoga Springs 230 points September #2SS701W
Auction Ended -
Old Key West 250 points August #3OK120P
Auction Ended -
Old Key West 270 points August #2OK987K
Auction Ended -
Beach Club 200 points February 3BC223K
Auction Ended -
Polynesian 65 points April #3PO172P
Auction Ended -
Copper Creek 150 points June #CC0002A
Auction Ended -
Animal Kingdom 160 points December # 2AK808W
Auction Ended -
Old Key West 220 points October #3OK082R
Auction Ended -
Saratoga Springs 150 points February #3SS129W
Auction Ended -
Aulani Hawaii 100 points August #3AU131P
Winning Bid: $12,500.00 -
Animal Kingdom 110 points February # 3AK005W
Auction Ended -
Saratoga Springs 240 points June #3SS048W
Auction Ended -
Vero Beach 210 points February #3VB267W
Auction Ended -
Animal Kingdom 330 points February # 2AK375R
Auction Ended -
Saratoga Springs 100 points December #3SS114R
Auction Ended -
Vero Beach 50 points June #3VB192W
Auction Ended -
Polynesian 100 points December #PO0001A
Auction Ended -
Boardwalk Villas 25 points December #3BW208K
Winning Bid: $4,300.00 -
Vero Beach 60 points June #3VB191W
Auction Ended -
Saratoga Springs 100 points December #3SS054W
Auction Ended -
Vero Beach 110 points March #2VB999K
Auction Ended -
Saratoga Springs 200 points August #2SS862P
Auction Ended -
Aulani Hawaii 400 points June #2AU854W
Auction Ended -
Bay Lake Tower 220 points October #3BL140P
Auction Ended -
Hilton Head 259 points March 2HH225R
Auction Ended -
Saratoga Springs 50 points December #2SS801R
Winning Bid: $6,450.00 -
Old Key West 250 points August #3OK120P
Auction Ended -
Boulder Ridge 150 points October #2BR651W
Auction Ended -
Old Key West 300 points December #2OK921R
Auction Ended -
Polynesian 100 points February #3PO125W
Auction Ended -
Saratoga Springs 110 points December #2SS802R
Auction Ended -
Aulani Hawaii 360 points August #3AU156P
Auction Ended -
Grand Californian 140 points February #3GC262W
Auction Ended -
Animal Kingdom 210 points February # 2AK926W
Auction Ended -
Old Key West 300 points February #2OK320R
Auction Ended -
Saratoga Springs 160 points February #3SS265W
Auction Ended -
Saratoga Springs 150 points October #3SS138R
Auction Ended -
Vero Beach 150 points June #3VB070P
Auction Ended -
Saratoga Springs 270 points June #3SS047W
Auction Ended -
Aulani Hawaii 490 points March #2AU986K
Auction Ended -
Polynesian 175 points December #3PO151P
Auction Ended -
Saratoga Springs 140 points February #3SS266W
Auction Ended -
Boardwalk Villas 350 points April #3BW015K
Auction Ended -
Old Key West 100 points September #2OK768R
Auction Ended -
Bay Lake Tower 210 points February #3BL030W
Auction Ended -
Animal Kingdom 160 points June #2AK957R
Auction Ended -
Bay Lake Tower 300 points June #2BL838K
Auction Ended -
Animal Kingdom 160 points December # 2AK807W
Auction Ended -
Animal Kingdom 120 points February # 2AK240P
Auction Ended -
Saratoga Springs 350 points August #3SS132P
Auction Ended -
Bay Lake Tower 600 points June #2BL900K
Winning Bid: $82,200.00 -
Animal Kingdom 160 points February # 3AK239P
Auction Ended -
Vero Beach 60 points March #2VB735R
Auction Ended -
Beach Club 175 points December #2BC742R
Auction Ended -
Old Key West 100 points August #2OK988K
Winning Bid: $10,900.00 -
Vero Beach 175 points December #3VB154W
Auction Ended -
Vero Beach 150 points August #2VB920R
Auction Ended -
Old Key West 310 points August #3OK121P
Auction Ended -
Aulani Hawaii 50 points August #3AU130P
Auction Ended -
Grand Californian 160 points August #3GC182P
Auction Ended