Annoying Sellers

[DougEMG]

Hmmm, why do I seem to always run into sellers who make and break deals.

Two weeks ago seller 1 and I came to a deal (within $2 of his asking price). A day later they called The broker and said they thought they should be asking for more, but they hadn't decide how much. Since then they have ignore the broker and not returned any of their calls.

This week, seller 2 changed their mind twice on me. We had a deal on Mon, Tues they wanted more ($400) and I said no thank you. They then decided they really wanted to sell and would stick to the deal. Today they come back and say they've changed their mind again and want $800 more. So again, no thanks and this time don't bother me any more.

Maybe I should take a break from buying

 

[Deb & Bill]

Hmmm, why do I seem to always run into sellers who make and break deals.

Two weeks ago seller 1 and I came to a deal (within $2 of his asking price). A day later they called The broker and said they thought they should be asking for more, but they hadn't decide how much. Since then they have ignore the broker and not returned any of their calls.

This week, seller 2 changed their mind twice on me. We had a deal on Mon, Tues they wanted more ($400) and I said no thank you. They then decided they really wanted to sell and would stick to the deal. Today they come back and say they've changed their mind again and want $800 more. So again, no thanks and this time don't bother me any more.

Maybe I should take a break from buying

They need the money to pay back DVC.

 

[vicki_c]

Bad luck, Doug. I agree with Deb - sounds like more buyers who don't realize what they actually owe on loans. Discussed at length here before!

 

[permavac]

Again?! The rest of us are lucky that you seem to be a flip-flop magnet! Hang in there though - didn't someone already mention the law of averages last time? You just have too many deals going... Good luck with the next ones!

Terri

 

[Splashboat]

Hmmm, why do I seem to always run into sellers who make and break deals.

Two weeks ago seller 1 and I came to a deal (within $2 of his asking price). A day later they called The broker and said they thought they should be asking for more, but they hadn't decide how much. Since then they have ignore the broker and not returned any of their calls.

This week, seller 2 changed their mind twice on me. We had a deal on Mon, Tues they wanted more ($400) and I said no thank you. They then decided they really wanted to sell and would stick to the deal. Today they come back and say they've changed their mind again and want $800 more. So again, no thanks and this time don't bother me any more.

Maybe I should take a break from buying

I am sure you are frustrated in the moment but isn't there a part of you that likes the chase? I wonder how you will feel when you are done buying - you might miss it - a little. Hopefully there is another deal right around the corner!

 

[DougEMG]

I am sure you are frustrated in the moment but isn't there a part of you that likes the chase? I wonder how you will feel when you are done buying - you might miss it - a little. Hopefully there is another deal right around the corner!

You could be very right here

I actually take it all in stride and don't really get annoyed over it; that just made a good title. I just find it interesting and wonder what goes through the sellers mind.

 

[bdoleary]

Doug - you seem to have a knack for finding confused sellers hitting two at the same time is bad luck!

 

[RayJay]

You could be very right here

I actually take it all in stride and don't really get annoyed over it; that just made a good title. I just find it interesting and wonder what goes through the sellers mind.

Doug,

I think it's great you have the patience to wait these out, I know I couldn't and I wish you good luck going forward.

But...I believe this just verifies an earlier point I was trying to make on a different post that not all sellers are willing to get out of their contracts. Some are willing to hold to their price even if we all think it's a buyers market.

RayJay

 

[DougEMG]

Doug,

I think it's great you have the patience to wait these out, I know I couldn't and I wish you good luck going forward.

But...I believe this just verifies an earlier point I was trying to make on a different post that not all sellers are willing to get out of their contracts. Some are willing to hold to their price even if we all think it's a buyers market.

RayJay

Patience comes from already having enough points for now, so I'm not in a hurry and can wait for that perfect contract.

Nothing at all wrong with a seller that wants more. They want to sell high and I want to buy low. Once in a while we meet.

 

[RayJay]

Patience comes from already having enough points for now, so I'm not in a hurry and can wait for that perfect contract.

Nothing at all wrong with a seller that wants more. They want to sell high and I want to buy low. Once in a while we meet.

I guess if I had more points, like over 200 I'd be willing to go lower as a seller, but I do think you can wait out the lower point ones (like 100 and below) to get a higher price. Just to be clear, higher doesn't mean so high you can't sell it.

And I agree, there are huge deals for buyers when they get that seller that really needs out, my guess is that scenario is pretty high and there are few sellers like the ones you recently encountered.

RayJay

 

[AllieV]

Speaking of so high you can't sell it, there's a 25 point animal kingdom contract sitting on an agent's website for the longest time now because it's listed as "$90 firm". Um, ok. Once you pay all the add-on costs, you might as well buy from disney. Oh No! I sound like tunseeker now. Hmm maybe he has a point

 

[Missyrose]

Speaking of so high you can't sell it, there's a 25 point animal kingdom contract sitting on an agent's website for the longest time now because it's listed as "$90 firm". Um, ok. Once you pay all the add-on costs, you might as well buy from disney. Oh No! I sound like tunseeker now. Hmm maybe he has a point

They probably financed and don't have to money to buy their way out of the deal. There was a Bay Lake contract like that on Fidelity's site. Had an asking price of $95 p/p. I made an offer and once the sellers found out how much they still owed on the loan, they told Sharon that they wouldn't sell for less than asking price PLUS buyer would have to pay closing and MFs. It sat there for months until, I'm guessing, someone finally gave the sellers what they wanted.

Bottom line, if someone was looking to buy direct and then stumbled on that contract on the resale market, they'd probably still see it as a steal. Even with closing and MFs added, it would cost $500 less than 25 points direct from Disney. Now whether that person would rather pay the extra $500 to expedite the process is another story.

 

[AllieV]

It sat there for months until, I'm guessing, someone finally gave the sellers what they wanted.

I wonder if some go off the market. If they haven't paid dues, eventually it gets taken back by disney, right? I saw a 100 pt VB contract listed as $100. I couldn't believe it. It's not there now, but other cheaper 100 pt contracts are. I have a hard time believing someone negotiated with that over a MUCH cheaper listing.

 

[RayJay]

Speaking of so high you can't sell it, there's a 25 point animal kingdom contract sitting on an agent's website for the longest time now because it's listed as "$90 firm". Um, ok. Once you pay all the add-on costs, you might as well buy from disney. Oh No! I sound like tunseeker now. Hmm maybe he has a point

Ok, so yeah that might be to high, I was referring to a 100 pointer at maybe $5 higher than going price and be willing to wait it out. This 25 pt'er might be to high, but proof people can be stingy, I believe it is how bad you want out of it.

RayJay

 

[fmer55]

They probably financed and don't have to money to buy their way out of the deal. There was a Bay Lake contract like that on Fidelity's site. Had an asking price of $95 p/p. I made an offer and once the sellers found out how much they still owed on the loan, they told Sharon that they wouldn't sell for less than asking price PLUS buyer would have to pay closing and MFs. It sat there for months until, I'm guessing, someone finally gave the sellers what they wanted.

Bottom line, if someone was looking to buy direct and then stumbled on that contract on the resale market, they'd probably still see it as a steal. Even with closing and MFs added, it would cost $500 less than 25 points direct from Disney. Now whether that person would rather pay the extra $500 to expedite the process is another story.

Or maybe their contracts are always on the market even as they use them.
List for 90, buy OKW for 60, have a free vacation every year and get paid to take it. If no sell then use points as you had planned. Vacation, list, repeat

 

[Sammie]

They read the DIS and figure you can afford to pay more.

 

[DougEMG]

They read the DIS and figure you can afford to pay more.

Good one