Almost Ready to take the plunge! Help!

[jupers]

Hi all...

You've all been amazing with info so thank you again. I am almost ready to purchase. Of course I have more questions though.

I'm so torn whether to just start making offers or wait till after March 20. Fortunately, the only places I'm even interested in buying are the least expensive anyway, OKW, SSR and BWV. I really just want 150 points at the lowest price I can negotiate. Anyone have any suggestions??? Is there a negotiating tactic people use, like start at $15 less than asking price and go from there???

Am I dreaming with that? I saw someone posted they got SSR points for $47 per point. That would be perfect. Any suggestions????

Oh and would I be better off buying 100 pts at 1 resort and 50 at another???

 

[FindingFigment]

You're more likely to get a lower price on a higher point contract. Plus if you buy two contracts, you'll be paying double in closing costs which eats away at any savings.

Here's something to consider...OKW and BWV have been around the longest so those contracts are more likely to already be paid off and the owner may feel like they've gotten their money's worth. So you may have more negotiating power with them.

When the 3/20 change was announced, everybody seemed to flock to the SSR contracts. I guess it's because it has a later contract date. If you look on the TSS website, almost every one of them has "sale pending" listed on it. So unless you have your heart set on the later end date, I would focus on OKW and BWV for the best prices.

As for your offer, make up your mind what you're most comfortable paying and talk with your broker. TSS has stated they are willing to present any offer to any seller so that should set your mind at ease some.

 

[Deb & Bill]

If I was offered $15 a point less than what I had asked, I wouldn't be happy. I would counter with my exact selling price. Unless I was in desparate straits and had to sell the points immediately.

In fact the exact situation did happen to us and we did counter with our selling price. It was a small 50 point contract that we ultimately kept to use.

 

[mphillips76]

Hi all...

You've all been amazing with info so thank you again. I am almost ready to purchase. Of course I have more questions though.

I'm so torn whether to just start making offers or wait till after March 20. Fortunately, the only places I'm even interested in buying are the least expensive anyway, OKW, SSR and BWV. I really just want 150 points at the lowest price I can negotiate. Anyone have any suggestions??? Is there a negotiating tactic people use, like start at $15 less than asking price and go from there???

Am I dreaming with that? I saw someone posted they got SSR points for $47 per point. That would be perfect. Any suggestions????

Oh and would I be better off buying 100 pts at 1 resort and 50 at another???

Where did you see someone getting SSR for $47 pp? That is CRAZY!

 

[jupers]

I understand that some people would be insulted. I get that, but I also get that some people just want out of DVC and like the PP said if it's paid off there is the possibility to get a really great bargain.

I know I won't be popular for offering $15 less than asking PP but if it works I'm going to be in great shape.

 

[5forDiz]

I understand that some people would be insulted. I get that, but I also get that some people just want out of DVC and like the PP said if it's paid off there is the possibility to get a really great bargain.

I know I won't be popular for offering $15 less than asking PP but if it works I'm going to be in great shape.

If you aren't in any great hurry then give your strategy a try, but keep in mind that even if the seller accepts your offer of $15 less per point that contract still has to make it through Disney's ROFR (that's ultimately where the offer has to be acceptable) and ROFR seems, at the moment more than ever before, to be anyone's guess what will and will not make it through; take a look at the ROFR thread here to get a better idea on what has recently passed.

Best wishes

 

[Sandisw]

Hi all...

You've all been amazing with info so thank you again. I am almost ready to purchase. Of course I have more questions though.

I'm so torn whether to just start making offers or wait till after March 20. Fortunately, the only places I'm even interested in buying are the least expensive anyway, OKW, SSR and BWV. I really just want 150 points at the lowest price I can negotiate. Anyone have any suggestions??? Is there a negotiating tactic people use, like start at $15 less than asking price and go from there???

Am I dreaming with that? I saw someone posted they got SSR points for $47 per point. That would be perfect. Any suggestions????

Oh and would I be better off buying 100 pts at 1 resort and 50 at another???

My feeling is that you have to decide if you have time to try to get the lowest price as possible or if you want to try and get a contract that you feel is a great price.

If you are in no hurry, then start offering what you want to and see what happens. As already mentioned, even if the seller accepts, it has to make it through Disney. If it doesn't you are starting out the process again. It seems that Disney is taking close to the 30 days to let people know so that would be a wasted month if your lowball offer gets snatched up in ROFR as you have to start all over again.

Now, Disney hasn't seemed to pick up very many contracts, other than BCV, for quite a long time so I think lowball offers are getting through so it could be worth the risk.

Good luck!

 

[JimMIA]

If I was offered $15 a point less than what I had asked, I wouldn't be happy. I would counter with my exact selling price. Unless I was in desparate straits and had to sell the points immediately.

Deb has given you a hypothetical -- I'll give you a real-world example.

I recently sold an SSR contract. During the festivities, I was offered a low-ball price and I chose not to respond at all. The same prospective buyer then offered a very slightly lower price than my asking.

I let them sit a few days to make them believe I might actually be considering their offer. Then I declined.

The reason I did so was that I felt -- later confirmed -- that the prospective buyer was a bottom-feeder who was just playing a game and probably did not have the means to actually buy anything.

Before the original bidder had a chance to react, I sold the contract to a person who made a sensible, legitimate offer...for about $1 per point LESS than the bottom-feeder's second offer. That legitimate buyer had the money to buy, the contract closed promptly, and my family and I wish them all the best with their new DVC account. We hope they will enjoy many priceless memories, as we have.

And we hope the bottom feeder is comfortable with the menu where they live.

 

[JimMIA]

The lesson of the above example is not just Deb's feeling of possibly being insulted.

Especially in the current environment, it is important that the prospective buyer be perceived as a person who is serious about purchasing, AND as a person who has the money to actually buy.

Some people are simply kicking tires. My original prospective buyer made a dozen or so similar offers on other contracts and at the end of the day, bought NOTHING.

Others want to buy, but just don't have the money. They're as serious as they're going to get, but once a price is agreed on they start considering financing options, etc.

"Oh, this is Soooooo cool!!! How much are the payments?"

They WANT DVC, and their intentions are honest, but they're just not qualified buyers.

 

[pcirone]

I think if you want a bargain, offer a low price. The worst that can happen is they say no and you move on to another contract,, there is an endless supply of them. If they get insulted who really cares..?

 

[Mjasp]

I think if you want a bargain, offer a low price. The worst that can happen is they say no and you move on to another contract,, there is an endless supply of them. If they get insulted who really cares..?

I totally agree, bottom line is, it's a TS and many people who own timeshare's and yes even DVC want out for one reason or another. So if you want to pay a certain price, just place your offer and someone will accept it and hopefully Disney will also.

 

[jupers]

I understand what you're saying that people might not want to take me seriously, but I will have cash in hand and all the time in the world. Of course I don't want to insult someone but there are many people who have paid off their DVC and want out.

Yes, I did see someone get SSR for 47 a point on these boards. It may take me months but I'll give it a shot. We can't even go to Disney this year as we have a big vacation already planned with the in-laws.

 

[hacknsuit]

If you're looking bargin basement....http://www.fidelityresales.com/Disney-SSR.pdf.

SSR Oct UY 120 points $41.67/pt 2011 points and on......$5000...fidelity...can't believe its still available..or that it would pass ROFR, but if you have the time to wait and see.

 

[jupers]

I immediately called on that one, and they said it's sold, probably leaving it up to generate interest. I will be calling today however to double-check.

I figure they have a ton of 150 point contracts that someone is bound to take a low offer for. Like I said, I know it's not making me popular here, but I am a serious buyer, just trying to capitalize on what I think might be an opportunity to get a great deal. I figure some people might be afraid prices will tank after March 20 and that something is better than nothing. I also have the flexibility to wait till after March 20 and see what happens there also.

 

[jupers]

BTW as far as ROFR...I was told by someone in the know that Disney isn't really turning anything down right now. If the seller will accept then they will Except BC or BLT.

 

[Mjasp]

If you're looking bargin basement....http://www.fidelityresales.com/Disney-SSR.pdf.

SSR Oct UY 120 points $41.67/pt 2011 points and on......$5000...fidelity...can't believe its still available..or that it would pass ROFR, but if you have the time to wait and see.

WOW Saw some nice asking prices on there, has anyone done business with them?

 

[DougEMG]

If you're looking bargin basement....http://www.fidelityresales.com/Disney-SSR.pdf.

WOW Saw some nice asking prices on there, has anyone done business with them?

I 've got a contract from them that is at Disney right now for ROFR.

 

[Mjasp]

I 've got a contract from them that is at Disney right now for ROFR.

Thanks...Are they based in Canada or USA?
BTW, Good Luck, let us know how it goes

 

[jupers]

Well, fingers crossed. I put in an offer. I'll post details if it's accepted. THank you all for your help.

 

[DougEMG]

Thanks...Are they based in Canada or USA?
BTW, Good Luck, let us know how it goes

They are based in Orlando Florida on International Drive.

On Friday Jan 28th I made offers on 3 seperate contracts they had. Fidelity (Sharon) got back to me on Mon Jan 31st with the one seller that was still interested. We negotiated back and forth and came to an agreement on the price. Got the paper work on Feb 01. Returned signed paper work by email Feb 01. Was submitted to Disney on Feb 02 for ROFR. So things moved along pretty fast.