Discussion in 'Purchasing DVC' started by mac_tlc, Sep 21, 2012.
Maybe we will both hear tomorrow.
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Congrats! May I ask what the original asking price was? I'm just starting to place offers for the first time ever and bid $62 and was countered $64 which I turned down. I've been accustomed to believe nothing at SSR is going to sell for less than $60 but apparently I'm wrong. Is it just a matter of making low offers and hoping the right seller accepts one?
Bolding is mine. But yes, the answer to your question is to be prepared for lots of rejection if you're seeking to buy at rock-bottom prices. You'll find the right seller eventually. Good luck!
also depends on the size of the contract to some extent. 100 pts or less will tend to go for slightly higher prices per pt. 160 pt contracts and up will usually be more willing to negotiate.
Thanks, folks. 160-175 is what I'm going for so I'll just keep plugging away
You do not need to pay anywhere near $60/point for SSR, unless, perhaps, it is a small contract. Smaller contracts (i.e., under 100 points) are in greater demand and smaller supply, so you generally have to pay up for those. But look at the data in the first post of this thread to get an idea of what you should be paying for a particular resort and contract size. The specific contract you are bidding on might not be sold for less than $64, but that doesn't mean you need to pay it. There are a LOT of SSR contracts available for sale every day. It makes no difference whatsoever what their asking price is. And you don't have to dive for rock-bottom price. My contract for 250 points at SSR is going to closing at $52/point, and that isn't rock-bottom. It shouldn't require much effort or patience to get an agreement on a decent sized SSR contract at $55/point.
Ok this was our deal: BCV 73 $ a point 270 points, use year Dec , 3 points need to be used by 2013 and we payed closing all closing. Disney has waived FROR; we are closing Nov. 18.
At the time I was happy w/ the deal but now I feel we should have negotiated more; however, there has been barely any BCV contracts available for the last month so
If you want something below $60, I would recommend Fidelity, as they are willing to present the lower bids. One company I started with told me more than once that my bids were below what was usually accepted and that SSR tends to go in the mid 60's. We just closed on an SSR contract, 150 points, for $50 per point, with all 2012 and 2013 points. You might have to make a few bids, before anyone will accept. But, I agree with bighoo93, that you should be able to get one under $60 without too much effort.
Congrats! As long as you are happy, you are saving money over buying from Disney. I think BCV contacts are more difficult to find and often go closer to asking price. I wouldn't worry. Just enjoy your DVC
..... haven't been on for a few days... Very Funny MA! : )
I love the quick wits here, they keep me smiling while I wait..........
Bill, my recent contract had at least one low bid into the owner -there might have been a couple of others not yet passed on to him(below listing) - but not sure about those details.. only that there were 4 people who had below listing offers-those amounts were not revealed to me, but if I wanted to purchase at asking price the contract was mine because I was agreeing to contract at the asking price. My broker was very specific about NOT being able to release any information about other offers except that they were not the asking price.
I'm sure at one time, I could have explained this more succinctly......
50 point OKW $57 per point
50 2012 points
50 2013 points
Seller Pays 2012 MF
Buyer Pays Closing
Sent to ROFR 10/1
Waived by Disney 10/30
Non-member (previous BCV member twice)
Just passed ROFR! They used every bit of the 30 days... Submitted 10/1 and just heard today.
Just heard back today we passed through! some good news after our basement flooded and some yard damage from sandy...
Sorry to hear about the flooding but CONGRATS on the contract. I am a new OKW member (2 weeks) myself. Welcome Home.
Whoooo hooo! Passed ROFR today.. yes they do use their 30 days!
200 pts SSR
Passed ROFR 10/30
I'm in the club baby!!!!!
Congrats. See you there !
I've been a long time lurker to the boards and have learned ALOT! Now we are taking the next step and I could not be happier: WE PASSED ROFR TODAY!
AKL, 185 points, June UY, $63 a point with 174 2012 points and all points beyond. Submitted 10/1.
This is our first contract and we are planning a magical Christmas 2013 trip. Thanks to everyone for all the great information and I look forward to many years of DVC trips and DIS kinship!
(It's really cool that the great news came on the day of the big Star Wars announcement. Disney and Star Wars are my two favorite things!)
Submitted 10/1. Passed today 10/30.
250 BWV Feb UY. 45 banked 12 points, all forward. Buyer pays closing. No fees til 2013. $65/point.
Congrats to everyone else that passed today.
Welcome aboard !
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