Almost ready to buy?

[Jjplantgeek]

So, we are getting close to starting to make offers on our first dvc property, but wanted to learn a bit more from other experiences.

First off, we are looking for 300-325 SSR Oct or Dec points. I have seen rofr go mid $40's in that range, but where do you fine those? All I seem to be finding is $65-80+. Do you just offer way less?

Secondly, maybe related a little to first question, how long did it take to find and get acceptance on your first specific offer? (trying to get in on $399 AP's!)

Lastly, my DW really covets BCV, how difficult is it at 7 months for Dec 1-15 or May 20-Jun 10?

Thanks!

 

[ToddyLu]

If she loves BCV then I would split the contract and buy 150-175 at both resorts. That way you can have the best of both worlds. I think people offer and it up to the seller to agree or not. So I figure that is how they get the deals...then Disney can buy it with ROFR and it is back to square one. You might also have children and want to split the points up evenly among them.

BCV is a bit samller than SSR so I wouldn't take my chances and just get some points at both to have the 11 month booking advantage. While Dec 1-15 isn't maybe busy park wise--it definitely is DVC busy because everyone wants to see the decorations for the minimum points. DVC is supposed to operate at close to a 100% capacity. The more people join the more competitive it could be to get a booking. If she covets it why not buy her a small contract there so she can go to F&W each year--that would score mega DH awards there.

 

[Caren90]

Offer what you would like to pay and if it is low, be prepared to get a lot of rejections. This will work fine for you if you are not in a rush.
Good luck.

Stephen

 

[DougEMG]

I've never seen SSR go in the 40s, a good deal is in the 50s and that will take a lot of offers and a lot of rejection.

 

[ELMC]

Also keep in mind that there is a lot more to the pricing of a contract than just the price per point. The number of banked points as well as who pays closing costs affect overall cost. Also, whether or not you are reimbursing maintenance fees also affects the cost. I would suggest that you read as much as possible about buying resale. To answer your question directly though, buying resale is much like buying a house, in that the listing price is the "asking" price. Buyers can make whatever offer they would like.

Good luck with the process!

 

[Jjplantgeek]

Thanks for the comments. I had thought that we needed 300+ to get best but will look at if splitting will still work with budget. Also looks like we may be in for a bit of a wait on finding the price we desire.

 

[KAT4DISNEY]

So, we are getting close to starting to make offers on our first dvc property, but wanted to learn a bit more from other experiences.

First off, we are looking for 300-325 SSR Oct or Dec points. I have seen rofr go mid $40's in that range, but where do you fine those? All I seem to be finding is $65-80+. Do you just offer way less?

Secondly, maybe related a little to first question, how long did it take to find and get acceptance on your first specific offer? (trying to get in on $399 AP's!)

Lastly, my DW really covets BCV, how difficult is it at 7 months for Dec 1-15 or May 20-Jun 10?

Thanks!

There were very few that ever went in the 40's and that was awhile ago. Prices have actually inched back up for SSR compared to then.

Finding and getting an accepted lowball offer takes time and luck. Now you could get lucky and have something pop up with one of the brokers but odds are against you to get something in the 40's and still being able to take advantage of the special AP offer.

BCV could be very probable in May and maybe even June. For Dec the odds will be worse. But I wouldn't count on it every year. If you want to try it now and then and are flexible I think you'll get it sometime.

 

[disneynutz]

Thanks for the comments. I had thought that we needed 300+ to get best but will look at if splitting will still work with budget. Also looks like we may be in for a bit of a wait on finding the price we desire.

If you are buying SSR with the idea of getting a cheap deal intending to stay else where, you may be disappointed. Competition at 7 months continues to increase as more people buy.

You also need to remember that you are just buying somewhere to sleep. Each WDW vacation costs us an additional 3 - 4 thousand dollars per vacation/year and those costs increase each year.

Bill

 

[belias21]

Secondly, maybe related a little to first question, how long did it take to find and get acceptance on your first specific offer? (trying to get in on $399 AP's!)

The $399 AP's are definitely a good deal. Looks like that promotion ends on 12/31/2012.

I'd say the resale process generally takes anywhere between 7-10 weeks. For perspective, I'm in week 7 on my resale purchase and we're scheduled to close next week. I think we're somewhere around 15 weeks until the end of the year at this point (according to my rough math) - so you're in pretty good shape if you can act now.

I think the biggest problem you'd run in to there is if you have a contract get ROFR'ed (which would happen somewhere around week 2-4 of the process if it did). That would start the clock all over again.

 

[joywell]

yeah,, never seen SSR go in the 40s, a good deal is in the 50s and that will take a lot of offers and a lot of rejection.

 

[gatorgirl02]

The $399 AP's are definitely a good deal. Looks like that promotion ends on 12/31/2012.
.

Just so you know, you only have to purchase the AP special by 12/31/12, but you can wait an activate it until later in 2013 (before the end of the year), so don't feel like you have to buy and use it before then.

 

[belias21]

Just so you know, you only have to purchase the AP special by 12/31/12, but you can wait an activate it until later in 2013 (before the end of the year), so don't feel like you have to buy and use it before then.

Good point, and for this reason I'm half-tempted to buy some even though we're not travelling until Nov 2013. I just wanted to make sure OP knew that they needed to be purchased by then. They'll cut it pretty close, particularly if any contracts get snagged and they have to start over again.

 

[Missyrose]

Good point, and for this reason I'm half-tempted to buy some even though we're not travelling until Nov 2013. I just wanted to make sure OP knew that they needed to be purchased by then. They'll cut it pretty close, particularly if any contracts get snagged and they have to start over again.

The OP is looking at SSR, so there's practically no chance of Disney ROFRing it.

 

[luckyman_apd]

A good place to start is to look at the ROFR Recently thread. It gives the amounts of each resorts sales (at least those that report it in the thread) over the last 2 years. You can see that smaller contracts go for more than larger one. Remember these are sales that have been AGREED upon, but it doesn't tell you how they were negotiated. For me, well I lowballed an offer knowing it was most likely going to be rejected, but waited for a counter offer.

The best advice I can give is look at what other similiar contracts have sold at, come up with an amount you are comfortable with, offer lower and hope to negotiate in the middle. If they say no with no counter offer, up your offer a bit and see if they will negotiate. We were rejected, given a counter offer that wasn't much lower. When we offered again, we were told what the bottom line they would take was. We decided we were ok with it and the rest is history. Since that time, I have seen other contracts go for as much as $5 a point less for the same amount of points as ours, and I've seen a few go for more. Point is I was comfortable with what I paid.
Good luck.

 

[disney dumbo]

The message I always saw before we purchased, was buy where you want to stay. Like PP, I believe it is WAY more important today. The more people that buy, the harder to get prime spots at 7months, especially the smaller resorts. And first part of Dec is a prime DVC time I would say.

I would definitely buy smaller contracts between the resorts I wanted to stay. With the bank and borrow opportunities you can have triple the points for a particular year. So plan wisely and stay at your favorite resort.

Dividing your points between smaller contracts also helps in resale. And if you "splurge" (meaning pay more than the bargain basement prices) now, get your contact to closing… get $399AP. Then in the months to come you can haggle a steal of a deal without pressure.

It is complicated, but worth doing it right.

 

[zavandor]

The more people that buy, the harder to get prime spots at 7months, especially the smaller resorts.

As they build new resorts, availability at 7 months should increase, but competition will increase too as soon as the reservations open.
So it will be more and more important in the future to be ready online at 8am to book what you want, as availability will go away fast.