Making a reasonale offer on resale contracts

Discussion in 'Purchasing DVC' started by Jetsetter42, Sep 12, 2013.

  1. Nabas

    Nabas Mouseketeer

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    Have you decided on a resort?
     
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  3. Jetsetter42

    Jetsetter42 Mouseketeer DVC Gold

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    Nope, to be honest we are flexible. I think my best bet is to go with SSR because it seems to have a lower price point. I'm thinking small contract to start because I see us adding on points at VGF later once they bounce to resale. We are flexible with when we travel so well always have more options available to us at the 7-month mark.

    I'd rather wait for a good deal and I'm willing to make offers on a bunch of contracts if I need to until we get one that works out.
     
  4. Nabas

    Nabas Mouseketeer

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    There are some 95-100 point SSR's currently listed for $70/point. Even one for $65/point that has no 2013 points.

    You'll always pay more for small contracts. Given the current market, those aren't bad asking prices.
     
  5. dcfromva

    dcfromva <a href="http://www.wdwinfo.com/dis-sponsor/index.

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    That is the broker's job-to present an offer. As a seller, I would be very upset if the broker was not presenting all offers--even the lower offers. Even if I don't accept an offer, it is valuable information to help gauge the market.
     
  6. Figment1983

    Figment1983 Mouseketeer

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    Looking at adding a resale of 100-160 at either blt or vwl... On the rofr thread there seems to be large price ranges, what is a fair price for each? I see 80-105 for blt and some vwl in the high60's
     
  7. Nabas

    Nabas Mouseketeer

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    The market has changed a lot in the last few months. Currently, BLT asking price is averaging $105/point while VWL is $80/point. Smaller contracts are even higher.
     
  8. Belle & Ariel

    Belle & Ariel DIS Veteran

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    I think I know the contract you are talking about--AKL?
    I asked about one that was priced at $104 and was told they needed it to pay the loan. That is what Disney was selling for about 5 years ago.
     
  9. tlh

    tlh Mouseketeer

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    Lol. I put in an offer on that one with Shannon before she put it up on the site. Seller wouldn't budge because they have a loan, so I kept looking. Found a nice contract on timeshare store and now I'm waiting for my member ID in the mail. :)
     
  10. JustTinking

    JustTinking DVC Member since 2002

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    I agree with you. But I think the broker will not feel it's worth his time/effort knowing that the seller is not going to accept the offer. One broker told me there was already a bid in higher than mine, so no dice, she wouldn't even put it on the table to the seller.
     
  11. disbound09

    disbound09 Mouseketeer DVC Gold

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    I think a lot of people are thinking the same thing. It will be interesting to see where the resale market is in a couple of years. We hope they drop so we can afford both the points and the $$ that are needed to stay at VGF
     
  12. DenLo

    DenLo DIS Veteran

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    I think you might find that the price will not be much cheaper resale for VGF and the closing costs will be higher. Keep in mind BLT has been selling for the price paid for quite a while. The difference is that people got some pretty good prices for BLT at the beginning. Whereas VGF is high to start with.

    People are getting more for VGC than they paid for on the resale market. If VGF turns out to be really popular it might go that way.
     
  13. Nabas

    Nabas Mouseketeer

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    I think the same thing.

    Resales tend to be relatively scarce the first few years after a DVC opens, keeping their prices high. Meanwhile, VGF direct price currently is at $150/point. I suspect it will go higher, potentially much higher. This will only contribute to keeping resale prices up. Finally, VGF is one of DVC's smallest resorts.

    Given these factors, I can't imagine VGF resale prices being lower than $130/point for at least several years.

    Given the relatively small gap between today's direct price and the potential future resale price, anyone waiting to buy VGF for a much lower price ccould be waiting a long time.
     
  14. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

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    That's what we did--but we weren't in a hurry.
     

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