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Old 06-28-2013, 09:58 PM   #16
rackle
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Originally Posted by eltz1 View Post
so the listing was for 71 dollars a point for 250 points. I offered 65 dollars a point and for the seller to pay closing costs. It seems crazy that the asking price is 71 when ROFR's are going through at the low 60's.

Now what? Do you keep offering or go to another listing and hope for better response?
It's up to you. Is that contract your perfect contract? Will you be upset if you let it slip away? I know we're all trying to get a great deal, but if it's the right contract for you, the difference is $1500, over the life of your contract that's not much but if you are trying to pay upfront it's that much more you need available. I'd say if you really want it, can afford to increase your offer, then counter and see where it goes. The worst they can say is no again. When my first offer was rejected, I asked my broker what my resort was selling for and she gave me the current average so I upped my offer and we ended up meeting in the middle of my original and the sellers asking price. I did offer closing costs and we prorated the 2013 MFs.
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Old 06-29-2013, 02:55 AM   #17
Minniesgal
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It depends on what you want. Do you really want to buy a contract now and use it soon? Can you wait? How long has it taken you to find the contract you want? Based on your research do the come up often are they rare?

We personally stuck to our guns on price to buy an AKV contract but were prepared to offer what the sellers wanted for VGC. aKV do come up more often. I know the landscape has changed but before Christmas there were pages and pages of AKV contracts for sale. If it changed that quickly one way it can change again. vGC are. Ore rare and when one came up in my UY and a smallish contract we jumped and agreed to the sellers counter as I had been looking for it for about 6 months.
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Old 06-29-2013, 04:19 PM   #18
Brian Noble
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It seems crazy that the asking price is 71 when ROFR's are going through at the low 60's.
Just as an aside: you probably should not assume that all sellers---or, for that matter, all buyers---know what the ROFR activity has been. The DVC market is fairly transparent as timeshares go, but still quite imperfect.
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Old 06-30-2013, 10:10 PM   #19
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We just had the same thing happen to us. We found a contract at the size and location we wanted. It was stripped of 2013 points so we made what we felt was an offer that took that into account and also considered what we have seen as the current market price. Seller turned us down with no counter. Shrug, no harm no foul. Time to keep on looking.
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Old 07-01-2013, 06:52 AM   #20
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Just as an aside: you probably should not assume that all sellers---or, for that matter, all buyers---know what the ROFR activity has been. The DVC market is fairly transparent as timeshares go, but still quite imperfect.
And even if the seller has that information, that isn't how the seller should get a listing price. The sellers price should be, in an ideal market, much closer to the maximum purchase price on the resale market in the last sixty days. And they would be stupid to sell at the ROFR price if contracts are being bought for significantly more than that, unless they had a driver for a quick sale, or didn't care about the price.
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Old 07-01-2013, 02:46 PM   #21
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Originally Posted by SFlaDisneyfans View Post
We just had the same thing happen to us. We found a contract at the size and location we wanted. It was stripped of 2013 points so we made what we felt was an offer that took that into account and also considered what we have seen as the current market price. Seller turned us down with no counter. Shrug, no harm no foul. Time to keep on looking.
How much did you reduce your price based on the lack of current year points?
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Old 07-01-2013, 03:31 PM   #22
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They asked 77 and we offered 71 which we felt comfortable with. The property was at AKV.
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Old 07-04-2013, 05:49 PM   #23
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If price is important to you then try, try, try again. I submitted about a dozen BLT offers in the past two months and finally was accepted on one that is less than some of the others I was refused on (many were refused with no counter also).
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Old 07-04-2013, 05:56 PM   #24
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If price is important to you then try, try, try again. I submitted about a dozen BLT offers in the past two months and finally was accepted on one that is less than some of the others I was refused on (many were refused with no counter also).
We found a 100 pt contract at SSR we liked. We offered, they countered and we accepted the counter offer as it was in our acceptable range for the contract. Day 2 of ROFR and counting.
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