Discussion in 'Purchasing DVC' started by skeeterfoot, Feb 11, 2013.
Can someone tell me what a realistic bid on the resorts would be 10% under? Thank you
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I don't understand the question. What are you bidding on? Where? 10% under what?
do you mean you are looking to under bid by 10% whatever the asking price is? I would check out the listing of purchases who have passed ROFR to get an idea of what price points are getting through ROFR and what is being bought by Disney.
Asking prices are pretty much irrelevant, so basing an offer on that is not a good practice.
Dig though the treads in this section and see what resorts are actually selling for
There is no magic number. It depends on so many variables. Smaller contracts usually go for slightly more. Contracts with lots of banked points go for more than stripped contracts. Certain resorts go for more than others. If Disney decides to start ROFR'ing a particular resort (OKW and BWV seem to be the ones right now) prices are a bit higher. Some Use Years seem to be harder to get. You can also negotiate MF fees and closing costs, so price per point shouldn't be your only concern, total contract price should be.
Study the ROFR threads and find what the resort you are looking at is really selling for. Then determine what total contract price you find acceptable and craft your offer accordingly. I always leave myself some negotiating room by making my initial offer lower in case of a counter offer.
i'm still stinging after getting outbid on a smallish AKV contract yesterday at the asking price of $82 a point.
Just wanted to point out that according to the ROFR thread there has been exactly one BWV contract ROFRed in all of 2012 and 2013. One total, so I would not put potential BWV buyers into the should-be-worried column.
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