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What is a reasonable offer for SSR resale?

Discussion in 'Purchasing DVC' started by rusafee1183, Nov 15, 2012.

  1. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    If someone is asking $70 - $100 per point for a small contract (50 pts), what do you think is a reasonable offer?

    I have been seeing SSR resales listed for low $60's and mid-high $50's per point. I just don't know if that is because they are larger contracts.

    Thanks!!
     
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  3. ELMC

    ELMC DIS Veteran

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    "Reasonable" is a very subjective term. I think the general consensus is that a reasonable offer would be within 90% of what asking price is. However, small contracts frequently go for asking price within a short time frame of being listed, so you need to weigh your priorities. How badly do you want a contract vs. how badly do you want to get a low price?

    IMO small contracts are not worth it. Between the premium you pay per point along with closing costs amortized over a smaller amount of points, you are really paying a lot more than you could if you bought a larger contract. The counter arguments to my theory are that you are still saving by buying resale and that if you have extra points you have extra maintenance fees. While I agree with the fact that you are saving over buying direct, I would suggest that the "hassle" of renting out extra points every once and awhile justifies the savings.

    I think that was a little more than you were asking for, but I hope it was helpful.
     
  4. Kidanifan08

    Kidanifan08 DIS Veteran

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    We purchased two AKV resales at 50 and 55 points for asking price. One of them was listed on the same day as another 50 point contract and both were gone the day they were listed. I bought a 105 point contract for $5 less than the asking price. Surprisingly, I watched that one for a couple of weeks and it came with some previous year points.

    In watching the resales over the past almost two years, it seems like the contracts for less than 100 points rarely last more than a week and often don't last more than a day.

    For a 50 pointer, even if you got it for $10 less than asking, that's only a $500, which isn't much over 30-40 years for someone with the funds who really needs 50 extra points. If you really just want 50 points, I think you need to be willing to pay the asking price (unless it's grossly over-priced) and be happy that you found what you were looking for. Those little contracts don't come available very often. In general, I can't say that I have seen small ones that are priced out of a reasonable range on TTS. I have on some of the other reliable resale sites.
     
  5. dvcterry

    dvcterry DIS Veteran

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    The smaller contracts get snatched up pretty quickly and sell close to asking price. I know because even if I have my phone set to speed dial, when the contract I'm looking for pops up, someone beats me to it. :furious:
     
  6. ELMC

    ELMC DIS Veteran

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    I agree with your advice but not the rationale for it. I totally agree that sometimes you just need to pay more to get what you want. If a contract fits your needs and you don't want to lose out, maybe you just have to go in at asking price to insure you get it. Your rationale, however, is a bit flawed. You're not paying $500 over the life of the contract, you are paying $500 right now. We see it on here a lot, people justifying the extra money spent by dividing it by the number of years the contract is good for. If you could pay the extra $500 over the next 30 years without interest, then that would be the true. But that's not the case, that money leaves your pocket on day one.

    But with that being said, if you think the $500 is money well spent to get what you want...then I say go for it! You don't need to justify it with wonky math. :)
     
  7. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    Thanks for the input everyone.:goodvibes I hadn't thought about the closing costs and all of the upront costs other than the asking price. It may be worth it for me to wait and watch for a larger contract that works for us.

    This is kind of a seperate issue - but I am also torn between wanting to get a resale at SSR or BCV directly from Disney. I'm thinking that I will probably have to go direct with Disney, because from what I have seen the smaller BCV/BWV don't last past the hour. And I would need a Dec use year also... it just doesn't seem like it's going to happen buying resale :sad1:

    I think I would rather own at BCV, because I love it there... but if I go through Disney I probably won't be able to afford to get as many points AND it costs more all around because of MF's and lifetime of the contract. SSR is also beautiful, would get me a larger number of points, and has a longer lifetime so I know it's a better deal.

    I just can't decide which way to go. I would LOVE to stay at BCV/BWV during F&WF, I just don't know if it's worth the extra $$$$ to own there and try to make that happen.
     
  8. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    You should take into account the flexibility of smaller contracts. If a owner decides that they don't need as many points down the road, they can sell 1 or 2 50 pointers and still keep the bulk of their ownership. Owners of larger contracts have to sell all or none.

    You are also assuming that you will pay a full commission which isn't always the case.

    :earsboy: Bill
     
  9. zavandor

    zavandor DIS Veteran

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    I'm starting to consider myself very lucky to have found a 65 points contract for just 50$ per point. Looking at current prices it looks like a bargain for a small contract. 50 points for SSR sell very fast now for about 70$ per point (and they sell very fast).
     
  10. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    ::yes::
     
  11. dvcterry

    dvcterry DIS Veteran

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    I feel your pain. I have been stalking the resale boards and am on the email notification lists for small contracts in my UY. After waiting and waiting, I end up buying direct because we would like to add on but those small contracts in our UY are sold by the time I call.
     
  12. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    It's just really hard to decide what is more important..

    SSR - Cheaper up front, more likely to find a resale contract and make it through ROFR, lower MF, longer contract

    BCV - Priority booking for F&W, It feels homey to us and I just WANT to own there.

    SSR is obviously the better choice financially.... but there's something about the BC/BW area that is just HOME to us. Every trip we have ever been on (even before we were owners) we would end up at the Boardwalk either at ESPN, or on the hammocks at the BC. It's just where we want to be and gravitate to.

    BUT - I can stay at one of them using SSR points if that's the way we go. I just don't know that it will always be that way.

    :confused3 :confused3 :confused3 :confused3 :confused3
     
  13. Lizard Valley

    Lizard Valley Mouseketeer

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    Do both!

    Just keep in mind that if you're looking for a BCV with the primary purpose being to stay there during F&W, a DEC UY may not be the best (if you think you may have to cancel)
     
  14. DougEMG

    DougEMG DIS Veteran

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    I'm with ELMC here. When looking to purchase a contract I always look at how much money it is costing me up front, then if those up front costs are acceptable I then look at how much the on going costs are (ie MF).
     
  15. bighoo93

    bighoo93 Mouseketeer

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    Based on this, it looks to me like you should probably be looking to buy BCV. You want to stay there during a particularly popular time, so that 11 month priority booking window will actually be likely to come into play. There is also a "pride of ownership" benefit that some (most?) people feel, and there is value to that. You certainly seem to have that for BCV, which would be worth some additional cost, only you can answer how much that is. You points in favor of SSR in terms of up front and annual cost are accurate, but if you aren't deriving the benefit you need (i.e., ability to book BCV at high-demand times and pride of ownership of BCV), then whatever price you are paying is kind of a waste. Saving money to buy something you don't really want isn't really saving money.
     
  16. dvcterry

    dvcterry DIS Veteran

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    I have to agree. It seems like you really like BCV and want to own there. But it should be a decision you take the time to make. :beach:
     
  17. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    Thanks to everyone again for talking it out with me! I do agree that we really just want to be at the beach club and saving money to get something you aren't really happy with isn't a good value. (well said)

    I discussed it with my husband, and I think we are going to keep stalking the resales and hope that a BCV contract that works for us opens up, but I am just going to keep saving until tax return season and go from there. If I don't find something that works for us before then, we will revisit the idea of buying direct. But knowing what I know now about the resale prices that will KILL me, so hopefully we find something in the coming months!!

    Thanks again!!
     
  18. DannysMom

    DannysMom DIS Veteran

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    Just keep saving & stalking the major resale sites. Something that suits you is bound to come up sooner or later.

    Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
     
  19. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    Thanks! Will do.

    And congratulations! I just saw your signature. How long have you owned at BCV?
     
  20. DannysMom

    DannysMom DIS Veteran

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    We bought this past summer. Offered in June, closed at the beginning of August. :-)

    Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
     
  21. rusafee1183

    rusafee1183 DVC Owner Since 2012!

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    That's right around when we first bought in! We purchased direct in May while we were on the Fantasy and got the 20 'free' when we bought 100 promo.

    I feel silly for not doing more research and buying resale, but we financed it through them and are still super happy with our decision.

    We just consolidated a lot of debt and ended up with a few thousand extra left over, so we are starting to look for another add on. I would definitely like to do resale this time, just knowing what I know now. :goodvibes I'll just keep waiting and watching. popcorn::
     

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