Resale

[Tdisney]

Have any of you paid listing price for a resale contract. I was looking at a contract and the seller is firm, won't budge on asking price, or closing cost ? It is not a small 25 or 50 point contract either.

[thptrek]

If the asking price is fair and competitive then why not? I have but then got rofr'd so I guess it was a good deal.

[DisneyFansInLINY]

Originally Posted by Tdisney

Have any of you paid listing price for a resale contract. I was looking at a contract and the seller is firm, won't budge on asking price, or closing cost ? It is not a small 25 or 50 point contract either.

You will always find someone who has paid the listing price, others who have paid below, and others who have paid above. If this particular contract is worth it to you, then pay the asking price. However, if you have any type of doubt and are uncomfortable with it then walk away and keep looking. Good luck.

[Meggysmum]

We paid full price on the last one we bought. It was reasonably priced, we tried an offer but the seller was firm. The contract was exactly what we wanted so we happily paid full price.

We are currently looking for another one and have seen a couple and made offers but they have not been accepted. However neither of the contracts were "perfect" and both were a bit pricey for me, especially as the £ is very weak against the $. For that reason I have chosen not to pay full price on either. It isn't a matter of principle it is just a matter of paying the right price for the right contract for me. If I see the perfect one tomorrow at a reasonable price I will pay it.

[Tdisney]

I guess figuring out fair price is difficult when there has been a pretty good range of contracts sold.

[Deb & Bill]

Originally Posted by Tdisney

Have any of you paid listing price for a resale contract. I was looking at a contract and the seller is firm, won't budge on asking price, or closing cost ? It is not a small 25 or 50 point contract either.

If you want the contract, you pay the price they are asking. Otherwise, move on to another.

[bobbiwoz]

Originally Posted by Tdisney

I guess figuring out fair price is difficult when there has been a pretty good range of contracts sold.

Yes. Plus I know that it has been said that maybe we're seeing some of the best "deals." People may not be willing to post that maybe they paid more than some of what's posted. I looked at BLT history, and some have paid a lot less than I'm paying, but some recent sales are right by my price, $96.

Best wishes, I hope you find what you are looking for, at a price that's acceptable to you!

Bobbi

[ninjagirl]

Originally Posted by bobbiwoz

Yes. Plus I know that it has been said that maybe we're seeing some of the best "deals." People may not be willing to post that maybe they paid more than some of what's posted. I looked at BLT history, and some have paid a lot less than I'm paying, but some recent sales are right by my price, $96.

Best wishes, I hope you find what you are looking for, at a price that's acceptable to you!

Bobbi

But some people are telling the truth. It just depends on how motivated your seller is. We bought our BLT contract from a family that had a life change that caused them to need to get rid of it for some cash flow and they took $86 when it was listed at $95.

We paid asking price for our last contract because it was priced right at the high end of what we were willing to spend and a fair price. ($55/pt for SSR). I think lack of availability of certain contracts may drive demand higher and result in higher prices/buyers willing to pay listing.

[Missyrose]

Originally Posted by Tdisney

Have any of you paid listing price for a resale contract. I was looking at a contract and the seller is firm, won't budge on asking price, or closing cost ? It is not a small 25 or 50 point contract either.

It is entirely possible that the seller of that contract has a loan that needs to be paid off and they don't want to bring money to the table. Listing price may be exactly what they need to get out of the contract.

[BrerNashville]

Originally Posted by Tdisney

Have any of you paid listing price for a resale contract. I was looking at a contract and the seller is firm, won't budge on asking price, or closing cost ? It is not a small 25 or 50 point contract either.

It's not so much a question of list price, but more of whether it's a fair price. If you have the luxury of time, you can often wait things out.

I made an offer on a 100 pt BLT contract that was listed for $110. Sellers originally stood firm b/c they had debt on it. It was an Oct UY, so it was pretty rare that those come up in low points (it also limits the pool of motivated buyers as well, being one of the least common use years). However, I knew i needed the points for a trip 24 months thereafter, so I had some time to wait (it was an add on, and I figured out when I would run out of points to borrow given our planned trips, which turned out to be more frequent than I had anticipated -- who knew the combination of an AP, TiW and DVC could be so intoxicating!).

Eventually, the seller came down to the range of where things appeared to be selling for, as I checked back every couple of weeks or so, and I finally got the deal for $85 ppt while paying closing costs. Perhaps I could have gotten them a little lower, but between the lower point value and the uncommon use year, I went ahead and did it.

Moral of the story -- there is a range of fairness that you can determine from the information on these boards, and if you find a contract within that range, don't worry if it's the list price. And as someone above mentioned -- if it's the perfect contract for you, go ahead and do it and feel good you got the contract you wanted.

[joelp]

Originally Posted by Tdisney

Have any of you paid listing price for a resale contract. I was looking at a contract and the seller is firm, won't budge on asking price, or closing cost ? It is not a small 25 or 50 point contract either.

I agree with what the PPs have said ...

We paid list for the contract we just bought - but it was a smaller contract
(100 pts) and fully loaded (2 years worth of banked points) ...

And considering the list prices I have been seeing for non-loaded 100-150 pt AKV contracts these past couple of months, we got a pretty good deal even at the "theoretically" higher price we paid. It may be I'm seeing a small effect (increase) on resale costs becuase of the large increase in direct DVC costs ...

So if it's what you want, and a "fair" price, go for it ... The option is to wait and hope for a "better deal" that may or may not come along ...