Bidding?

[jennf]

I’m sure this is a silly question but can you bid of multiple contracts at once? Or should I bid on one, wait to hear back before bidding on another? I am interested in a few contracts and don’t want to miss out on one if another doesn’t accept.

 

[_Iowa_]

Of course you can, just know you might get "lucky" enough to win both of them.

Think about it like putting an offer on multiple houses at once. Even if they're low ball offers, there's a possibility that 2 or more are accepted.

 

[jennf]

and if I get “lucky” lol, I can just back out of one?

 

[CarolMN]

and if I get “lucky” lol, I can just back out of one?

Yes, but IMO, it's very selfish to waste other people's time. Instead, consider putting a time limit (such as 24 hours) on your offer and wait to bid on another until the time expires.

 

[heynowirv]

Yes, but IMO, it's very selfish to waste other people's time. Instead, consider putting a time limit (such as 24 hours) on your offer and wait to bid on another until the time expires.

Agreed .

 

[sethschroeder]

If you don't care about being aggressive you could outline to the sales person you are putting out the offer to two contracts and the first one to accept is the one you are going with.

 

[bookwormde]

Back when I was in the market I would put a short time frame on the offer, typically 24 hours.

 

[striker1064]

If you don't care about being aggressive you could outline to the sales person you are putting out the offer to two contracts and the first one to accept is the one you are going with.

I did this with two contracts at two different brokers and told both that I was offering on another contract and would buy the one I reached a deal with first. One seller was willing to negotiate but it took a little time. The other seller did not even counter, but I told the broker my offer would stand up until and if I successfully purchased the other contract I was negotiating on. And when that happened, I emailed the broker that wouldn't budge and told them I had made a purchase and was withdrawing my offer. Ultimately it probably didn't matter because the seller that didn't counter was never going to take my offer, but as a buyer I felt it was the right thing to do.

 

[Great3]

All good advice here. I think if you decided to proceed, like striker1064 said, be upfront with the broker / seller. But me personally, I would just put the short 24 hours time limit and move on the next day.

Great3

 

[_Iowa_]

So what's considered low ball on a % basis? There are a few contracts out there in the 2-300 point range for SSR sitting in the mid 90s. I wonder if an offer of $80 even gets countered.

 

[EM Lawrence]

So what's considered low ball on a % basis? There are a few contracts out there in the 2-300 point range for SSR sitting in the mid 90s. I wonder if an offer of $80 even gets countered.

Contracts in that size range don't seem to be moving quickly. I would totally offer in the 80s. Unless you have your heart set on one specific contract only, there also seems to be a lot to choose from for SSR. The worst they can say is no, and you can increase your offer if you must.

 

[MICKIMINI]

Some brokers recently have been telling buyers (me included) that sellers are typically taking $5-8 off their listing price. This doesn't make any sense as not all contracts are the same size or same price. Some contracts are way over priced to begin with. In other words, there is no one size fits all offer. Each resort has a value based on UY, number of points, current and banked points, popularity and availability. Study the ROFR thread and stalk resale brokers sites. Do your homework.

There are currently many SSR contracts available in the $90's. I would offer what you feel is fair and if the seller declines move on to the next best contract until you get one. Good luck!