DVC RESALES
DVC RESALES

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Old 08-20-2013, 09:31 AM   #1
wrighter
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Well shoot dang - one day too late for resale

Boooooo. I'd wanted to put in an offer on a resale contract yesterday, but had to wait until close of business to confirm the specifics with DH - he was in meetings all day. Called first thing this am and someone else swooped in and got it. Big fat bummer.

Live and learn. And now we wait to find another one - while hoping the prices stabilize!
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Old 08-20-2013, 09:50 AM   #2
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They are FLYING off the shelf. Half the time when I call to ask they say "oh, that one just sold"
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Old 08-20-2013, 09:50 AM   #3
crisi
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I'd get confirmation on specifics from your husband now. "I'll pull the trigger if I see this resort, or this resort, for this range of points, for this much money or less, OK?"

Good contracts don't wait for husbands to get out of meetings.
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Old 08-20-2013, 10:15 AM   #4
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Quote:
Originally Posted by crisi View Post
I'd get confirmation on specifics from your husband now. "I'll pull the trigger if I see this resort, or this resort, for this range of points, for this much money or less, OK?"

Good contracts don't wait for husbands to get out of meetings.
No they certainly don't! Lol!

This was our first attempt at resale, and I'd done lots of homework. But experience is the best teacher, right? I'm going to look at the bright side: Now that DH knows we must be quick, perhaps it will mean a contract with more points! :-)

Onward!! Come on, contracts! Where are you?
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Old 08-20-2013, 10:20 AM   #5
Belle & Ariel
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Which contract was it?
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Old 08-20-2013, 10:35 AM   #6
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Boooooo. I'd wanted to put in an offer on a resale contract yesterday, but had to wait until close of business to confirm the specifics with DH - he was in meetings all day. Called first thing this am and someone else swooped in and got it. Big fat bummer.

Live and learn. And now we wait to find another one - while hoping the prices stabilize!
Dang! Sorry to hear that. We saw a SSR contract on Saturday night and submitted the online form to get more info. TSS responded the next morning (Sunday). The contract had been up less than a day. We went ahead and made an offer and it was accepted within 1 hour. PP is right - they are flying off the shelf. Good luck the next time around.
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Old 08-20-2013, 11:37 AM   #7
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Which contract was it?
Fidelity, AKV, 160 points, $75 pp, Dec UY

Just out of curiosity - are you the contract thief? :-)
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Old 08-20-2013, 12:29 PM   #8
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No they certainly don't! Lol!

This was our first attempt at resale, and I'd done lots of homework. But experience is the best teacher, right? I'm going to look at the bright side: Now that DH knows we must be quick, perhaps it will mean a contract with more points! :-)

Onward!! Come on, contracts! Where are you?
I would recommend ranges - if you want VAKL, that's good. But from there say 150-175 points. Use year in the Spring (or whatever). And anything under $XX a point - assuming the contract has not been stripped. If its been stripped, have a value for lost points.

Then, once you do pull the trigger, do the impossible - stop looking. Because I guarantee you the day after your offer is accepted, you'll find something with loaded points for $3 a point cheaper than you just paid.
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Old 08-20-2013, 01:42 PM   #9
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Fidelity, AKV, 160 points, $75 pp, Dec UY

Just out of curiosity - are you the contract thief? :-)
No but I thought we were. We had thought we bought the Fidelity 100 pt AKV for $70 a point. Offer was accepted yesterday then today we find it was sold to someone else.
Good luck to you (and us).
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Old 08-20-2013, 03:10 PM   #10
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No but I thought we were. We had thought we bought the Fidelity 100 pt AKV for $70 a point. Offer was accepted yesterday then today we find it was sold to someone else.
Good luck to you (and us).
What the heck?! How does that happen - where you're told your offer was accepted - only to learn it was not? Who dropped the ball there? Talk about a let down. Which broker were you using? I'm so sorry - that really stinks.

I was sort of hoping it was you who got "our" contract. In some weird way, it would have stung less if I'd known it was a fellow DISer who got it. At least then I'd know it was by someone with a true appreciation for it! Lol.

Best of luck to us both. Praying to the resale angels!!!
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Old 08-20-2013, 07:57 PM   #11
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Originally Posted by wrighter View Post
Boooooo. I'd wanted to put in an offer on a resale contract yesterday, but had to wait until close of business to confirm the specifics with DH - he was in meetings all day. Called first thing this am and someone else swooped in and got it. Big fat bummer.

Live and learn. And now we wait to find another one - while hoping the prices stabilize!
Stalk, stalk, stalk. AKV contracts still come up fairly frequently. But, don't hesitate . . . when you see what you want, you need to be ready to jump on it. Fortunately, you are looking at contracts larger than 100 pts, which tend to sit available a little longer than the 50-100 pt contracts. The good news for you is that they have sold the largest number of points for the Dec UY, so they come up fairly frequently. We have a Dec UY at AKV, too, and have done four small add-ons over the past 2 years.

Quote:
Originally Posted by crisi View Post
I'd get confirmation on specifics from your husband now. "I'll pull the trigger if I see this resort, or this resort, for this range of points, for this much money or less, OK?"

Good contracts don't wait for husbands to get out of meetings.
Excellent advice. Have a max price and max number of points and then be ready to bid. And I would advise calling and talking to a human. Don't count on an e-mail bid holding any water against someone who was willing to call and be on hold.

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What the heck?! How does that happen - where you're told your offer was accepted - only to learn it was not? Who dropped the ball there? Talk about a let down. Which broker were you using? I'm so sorry - that really stinks.
Strange things happen at Fidelity. 'Nuff said.
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Old 08-20-2013, 09:23 PM   #12
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No but I thought we were. We had thought we bought the Fidelity 100 pt AKV for $70 a point. Offer was accepted yesterday then today we find it was sold to someone else.
Good luck to you (and us).
That's just not fair !!! Once a buyer and seller agree, Fidelity should not present any other offers to the seller. Just my 2 cents.
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Old 08-21-2013, 06:38 AM   #13
wrighter
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It's interesting, because when I wanted to make an offer on a contract with Fidelity, the women I spoke with said that an offer had already been made, that the sellers had not responded to it yet, but that they would not present multiple offers to the sellers.

A rogue employee? The whole thing is just odd. And makes me nervous that I currently have an offer in with them! Guess we'll see.
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Old 08-21-2013, 10:31 AM   #14
Belle & Ariel
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That's just not fair !!! Once a buyer and seller agree, Fidelity should not present any other offers to the seller. Just my 2 cents.
The later buyer has posted on here. Apparently our contract was through another agency who has reciprocal deals where they sell each other's listings. Our offer was made Friday and accepted Monday. Hers was made Monday and accepted Tuesday. Tuesday afternoon we got a call that our contract went to another buyer.
I think both offers were full price and they presented ours to the seller, it was accepted. Fidelity would have to split the commission with our agent. They got an identical offer from one of their clients and figured they could substitute it and keep the full commission, probably thinking no one would ever find out. We both post here and so it is obvious they are not acting legally or ethically.
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Old 08-21-2013, 10:52 AM   #15
wrighter
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The later buyer has posted on here. Apparently our contract was through another agency who has reciprocal deals where they sell each other's listings. Our offer was made Friday and accepted Monday. Hers was made Monday and accepted Tuesday. Tuesday afternoon we got a call that our contract went to another buyer.
I think both offers were full price and they presented ours to the seller, it was accepted. Fidelity would have to split the commission with our agent. They got an identical offer from one of their clients and figured they could substitute it and keep the full commission, probably thinking no one would ever find out. We both post here and so it is obvious they are not acting legally or ethically.
I'm so sorry, Belle & Ariel. That just plain ol' stinks. When I saw that they appeared to be the ones who got "your" contract, I asked who they used at Fidelity - I thought perhaps maybe someone at Fidelity had more clout than someone else. But do I understand correctly that you were not using a Fidelity agent? But this agent was putting in your offer on a Fidelity contract? It all seems so confusing. And it certainly leaves a bad taste in your mouth! And mine - I put in an offer on another contract at Fidelity yesterday - haven't heard anything back yet. Not sure if I want to!

Here's to hoping that something better comes along soon. Keep your head up!

Did you see that there is another 100 point contract available? I think it just came up yesterday. Dec UY at AKV . . . It's priced high but you could still make an offer. The price listed on the one we made an offer on was high, also. But it never hurts to try.
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May 2012 Saratoga Springs-----August 2012 Beach Club Villas-----November 2013 Saratoga Springs-----December 2013 Animal Kingdom Villas
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