Approx. going rate of SSR resale ?

[ILoveDisney&Cruising]

We are considering selling 100 Saratoga Springs points.

What is the approx. going rate per point for re-sale purposes?

Thanks for any insight, as we are just starting to consider this option as a potentially viable one for the changing needs of our family.

 

[CMOORE185]

Look at this thread. It looks as if 100 SSR points are going between $55 to $60 per point. http://www.disboards.com/showthread.php?t=2661661&page=171

 

[AJA]

A smaller contract will go for a little bit more per point than a larger contract. All in all it's a buyers market, but, the smaller contracts seem to still be selling quickly.

Check some of the retail brokers and see their listings to find out what the "sweet spot" seems to be in order to get a fair price but not have the contract sit for months.

 

[disneynutz]

Don't forget that your cost to sell or sales commission will be around 10%.

Bill

 

[standardgirl]

A smaller contract will go for a little bit more per point than a larger contract. All in all it's a buyers market, but, the smaller contracts seem to still be selling quickly.

Check some of the retail brokers and see their listings to find out what the "sweet spot" seems to be in order to get a fair price but not have the contract sit for months.

I noticed that smaller contracts tend to have a higher price per point; however, as closing cost is generally not dependent on the size of the contract, once factoring in the closing cost, the overall per point cost for the smaller contracts become even more expensive. Why are they still so much more popular?

 

[ELMC]

I noticed that smaller contracts tend to have a higher price per point; however, as closing cost is generally not dependent on the size of the contract, once factoring in the closing cost, the overall per point cost for the smaller contracts become even more expensive. Why are they still so much more popular?

One of the reasons is that a smaller contract is a smaller commitment and people can enter into DVC without a huge up front payment or overbearing maintenance fees. Plus, the exit strategy is more sound on a smaller contract as they have higher demand. On top of that, people like me like to own at multiple resorts, so they buy small contracts at each. There are lots of reasons to like a smaller contract, and a higher closing cost to point cost ratio does very little to diminish them.

 

[RayJay]

We are considering selling 100 Saratoga Springs points.

What is the approx. going rate per point for re-sale purposes?

Thanks for any insight, as we are just starting to consider this option as a potentially viable one for the changing needs of our family.

I'd list it at $70, be willing to go to $65, accept somewhere in between, it will go if you don't let everyone low ball ya. Make buyer pay MF and closing.

RayJay

 

[ELMC]

I'd list it at $70, be willing to go to $65, accept somewhere in between, it will go if you don't let everyone low ball ya. Make buyer pay MF and closing.

RayJay

RayJay, I know you're trying to help, but without consideration of the seller's situation and motivation this is potentially irresponsible advice. If they need the money quickly or want to get out from having to pay the upcoming MF bill in January, taking this hard line is not likely to serve their purposes. This is a buyer's market, but the position you are advocating plays better in a seller's market. Just thought I'd weigh in with a counter opinion.

 

[princessaloha]

We are considering selling 100 Saratoga Springs points.

What is the approx. going rate per point for re-sale purposes?

Thanks for any insight, as we are just starting to consider this option as a potentially viable one for the changing needs of our family.

I would start by looking through the link that CMOORE185 provided to see actual sales...recent and historical.

Then decide what my priority was. For example a quick sale, then I would price it on the low end range of the recent actual sales. Or the best possible price, then be willing to possibly (but not always) wait a little longer.

I would then add on $5-10 for negotiation room.

You may also want to talk with your agent (when you get one) and see what a current good price to get it sold would be.

Good Luck!

 

[RayJay]

RayJay, I know you're trying to help, but without consideration of the seller's situation and motivation this is potentially irresponsible advice. If they need the money quickly or want to get out from having to pay the upcoming MF bill in January, taking this hard line is not likely to serve their purposes. This is a buyer's market, but the position you are advocating plays better in a seller's market. Just thought I'd weigh in with a counter opinion.

Totally disagree, sorry, but I believe 100 point contracts are Gold and someone would pay it eventually, even if they needed to wait a bit.

Now if someone needs the money then they may be willing to get low balled, but just like everyone is trying to low ball for buying, there are sellers who are saying No to even the slightest reduction in price, I had 3 sellers say no to my $2 per point lower offer, so I moved on. All 3 contracts sold within a month, so unless they got tired of the low balling and came down, I'm thinking they got their asking price.

I would list 100 points much higher, it'll sell to the right person.

The Op ask for opinion, that was mine, how does my advice become "irresponsible"?

RayJay

 

[DougEMG]

I've bought quiet a few SRR contracts and own over 1,000 points there. I've never paid more than $60/point and usually get 2 to 3 years worth of points.

If you want to sell fast you should be looking to get around $60/point. if you want more be prepared to wait.

I'm not exactly convinced that there is a big demand for 100 point contracts at SSR that it deserves a premium in price. Most people looking at SSR are doing so because it has the best cost MF combination of any of the resorts.

Good luck with selling your contract

 

[permavac]

...I'm not exactly convinced that there is a big demand for 100 point contracts at SSR that it deserves a premium in price...

I agree with Doug. 100 points is not really a "small" contract so they don't typically get a premium - unless it's one of the more desirable properties like BCV. That said, I would price the SSR contract for what I wanted to get for it and in line with what seems to be selling these days per the ROFR thread and per the recommendation of the broker. Good luck!

Terri

 

[ELMC]

The Op ask for opinion, that was mine, how does my advice become "irresponsible"?

RayJay

That's a fair point. I suppose it would be more acceptable if I simply disagreed and said that I thought it was bad advice.

 

[Tunseeker1]

I will weigh in with my normal advice for buying which can also be used when pricing selling.

Points- When will the buyer get first points?
Contracts with banked points are worth more
Use Year- Look at contracts on the market and hope you don't see any with your UY. The rarer the UY the more its worth to someone.
Closing costs-When you are looking at closing costs look at them on a per point basis.
MF costs- Look at what the MF are going to add to the cost of the contract.

and Finally look at the direct price to make sure your contract is a good value.

If I bought a Sept UY direct from Disney today I would pay $110 a point plus closing of about $100 and I would get 2011 points with no MF because of the peroration, but they would Bank them into 2012.

Resale, if you have 2011 points banked, and you want Buyer to pay 2011 MF the cost to the seller would be $473.

If you want Buyer to pay 2011/2012 mf and closing that will add almost $1500 to the total cost which is $15 a point in closing costs.

When you are looking at $70 selling price it ends up looking like $85 to the buyer because of the fees.

Direct is $110 so you would save $25 a point from direct or a total of $2500.

If you do not have banked points that will devalue the contract a bit, but if you have borrowed points the contract value goes way down.

 

[AllieV]

Doug, have you bought 100 pt contracts for $60 pp? I saw that missyrose bought a 100 pt boardwalk contract, loaded, in january for $50 pp. Really unheard of, I think.

OP, you're still in a good time of year when people are buying contracts. They want to fund or subsidize their summer vacation, they may still have some tax return money left, and those who get bonuses may still have some money left from that (most corporation's bonuses pay out at the end of the first quarter). If you wait through summer, demand will be less and you'll end up sitting on it and selling it for $50 pp come november.

Personally, I wouldn't pay $60 or $70 pp unless it was in a highly desirable place, like boardwalk or beach club. But many would.

 

[emilymad]

We bought our 100 points at SSR last June for $50 a point. It look us less than 2 weeks of making offers to have this one accepted. It had current year points but no banked points. We just offered $55/point on a 50 point contract and were turned down. We knew it was a long shot offer but offered what we were comfortable with.

 

[RayJay]

That's a fair point. I suppose it would be more acceptable if I simply disagreed and said that I thought it was bad advice.

EL, no worries it's just another POV.

My only point is if you can wait it out I believe it can sell higher, now that said
I understand most people are selling because they probrably need the cash right
away so my opinion is not the greatest in that regard.

However, most of the folks posting here (buyers) are looking for the deals and are not
thinking from a seller's standpoint. I still think if you could wait it out then it would
eventually sell in the high 60's.

RayJay

 

[DougEMG]

If you want to get the best advice on what to list the contract for send TTS an email and ask them what to list it for.

 

[RayJay]

I've bought quiet a few SRR contracts and own over 1,000 points there. I've never paid more than $60/point and usually get 2 to 3 years worth of points.

If you want to sell fast you should be looking to get around $60/point. if you want more be prepared to wait.

I'm not exactly convinced that there is a big demand for 100 point contracts at SSR that it deserves a premium in price. Most people looking at SSR are doing so because it has the best cost MF combination of any of the resorts.

Good luck with selling your contract

100 point contracts and demand, they sure don't stay on the boards long?


RayJay

 

[DougEMG]

Doug, have you bought 100 pt contracts for $60 pp? I saw that missyrose bought a 100 pt boardwalk contract, loaded, in january for $50 pp. Really unheard of, I think.

I've never bought a contract for 100 points. The smallest I've ever bought is 200 points.

When taking all costs into account ($/point, closing, MF) and valuing any points on the contract at $10/point I've paid between $23.45/point up to $42.48/point for SSR contracts. It's worked out to an average of $36.17/point.