Broker claiming info on DIS is incorrect

[natty650]

Hello - I am in a few DVC Facebook groups, and in one of the groups someone asked about making offers below the listing price. Someone referred them to DISboards, and a broker commented that 50% of the information here is incorrect. They said that their own buyers will say they have paid one price, but actually paid more - and sellers say they got a price, but actually got less.

I posted the contract that I recently purchased on the ROFR thread, and I didn't lie about the amount. I know this is the internet, and anyone can say anything, but why would anyone lie about this stuff?

Any thoughts on this?

 

[Powerline13]

The same was implied to me by a broker.

 

[OpieDoodle]

So a couple issues. Most brokers get paid by percentages, usually 10-15% of the selling price. So they're going to want you to pay as much as possible so there really isn't a benefit to them agreeing and saying people do get lower prices.

People could be lying on here but then I always try to go back to what do they get out of lying versus what would a broker get out of hiding it. People could definitely lie and imply they got a cheaper rate to show off what a great deal they got but the broker is more financially motivated.

 

[princesscinderella]

They said that their own buyers will say they have paid one price, but actually paid more - and sellers say they got a price, but actually got less.

To me this statement they made proves it’s a lie they are spinning about the DIS. If sellers are reporting an inflated price and buyers are reporting a lower one, they are contradicting statements as that’s saying buyers aren’t getting deals and sellers are selling cheaper, so which is it??? It’s a misdirection is what it is. I have purchased 7 contracts and I reported them in ROFR as the exact price, as that data helps all who are buying, unfortunately Disney took 5 of them in ROFR so I definitely got deals.

 

[Paul Stupin]

I don’t think anyone is necessarily lying, but I do think people can get an inaccurate representation of what the actual going rate is for various resorts’ contracts by just reading the boards. When a buyer gets a lowball offer accepted, it’s fun to brag about it on the boards, and get congratulated by other buyers. And a disproportionate amount of postings could be originating from these buyers. I’m guilty of it as well! I’ve bought a number of contracts, but the only one I was eager to post was the one I got for an unexpectedly low price.

Most of the time, the prices I‘ve wound up paying were reasonable, but not the incredible deals I read about on the boards. There are also many contracts posted that are in that realm as well, but the ones we remember are the ones that sold for a super low price.

 

[kilik64]

Broker gonna broker lol

 

[Skyborndancer]

Broker gonna broker lol

This 100%

 

[davidl81]

I don’t think anyone is necessarily lying, but I do think people can get an inaccurate representation of what the actual going rate is for various resorts’ contracts by just reading the boards. When a buyer gets a lowball offer accepted, it’s fun to brag about it on the boards, and get congratulated by other buyers. And a disproportionate amount of postings could be originating from these buyers. I’m guilty of it as well! I’ve bought a number of contracts, but the only one I was eager to post was the one I got for an unexpectedly low price.

Most of the time, the prices I‘ve wound up paying were reasonable, but not the incredible deals I read about on the boards. There are also many contracts posted that are in that realm as well, but the ones we remember are the ones that sold for a super low price.

I mean I wouldn’t be shocked if a few of the ROFR post were shall we say slightly exaggerated. The internet has this tendency to have everyone want to prove they got the best “deal”. So if I offered say $120pp, who would really know if I offered $110pp etc. But more to your point I think only the better “deals” get posted on the ROFR board so it can somewhat skew what the actual average price is.

 

[Paul Stupin]

I mean I wouldn’t be shocked if a few of the ROFR post were shall we say slightly exaggerated. The internet has this tendency to have everyone want to prove they got the best “deal”. So if I offered say $120pp, who would really know if I offered $110pp etc. But more to your point I think only the better “deals” get posted on the ROFR board so it can somewhat skew what the actual average price is.

Exactly! And frankly its a situation I don't like. Its no fun to be excited and happy about an offer you've just had accepted on a contract, only to immediately have your enthusiasm crushed when you read that someone bought the exact same points and resort for $20 less per point. I also think that a lot of those buyers stalk the resale sites and make a ton of lowball offers, have them taken in ROFR, and just keep repeating the process for months until one gets through. Considering the amount we all pay in dues over the life of the contract, the savings isn't really that much. Of course I don't want to overpay either, but the resale process takes long enough without having to search endlessly for an unheard of deal.

 

[poofyo101]

Lol

 

[natty650]

I don’t think anyone is necessarily lying, but I do think people can get an inaccurate representation of what the actual going rate is for various resorts’ contracts by just reading the boards.

Nah, she straight up said half the people here were liars. Lol

 

[natty650]

I mean I wouldn’t be shocked if a few of the ROFR post were shall we say slightly exaggerated. The internet has this tendency to have everyone want to prove they got the best “deal”. So if I offered say $120pp, who would really know if I offered $110pp etc. But more to your point I think only the better “deals” get posted on the ROFR board so it can somewhat skew what the actual average price is.

But why lie? What do you get out of it?

Have you lied on any of your posts like this broker is claiming half of us do? I for sure haven't, and I was really surprised at her claim.

I actually have lost out to contracts that ended up selling for less than the average person here has paid on the ROFR thread, so of course this isn't an accurate average of all DVC sales. There are a lot more contracts out there that have sold for higher AND lower, but not everyone that buys DVC posts here or even visits this forum.

...and even if it's not an accurate average sales price, if I see people buying their VGC contracts for $275-$280/pp, then I'm not going to spend $320/pp on mine and be the one that increases listing prices and gets a lousy deal.

Initially it bothered me that a broker claimed half of us were liars, but now I'm concerned that half the people here actually are lying! jk lol

 

[nicstress]

That Broker was banned from these boards, not sure why. Take it with a grain of salt. But I purchased with her and I never lied. Had a great experience with my purchase. Prices can be tracked elsewhere not just on these boards and if you are paying what you want? Who cares? I just purchased Aulani for $115. Maybe high but I needed my UY and had a point # in mind and it matched. So I went for it. Still saved 20K.

 

[Bearval]

Hello - I am in a few DVC Facebook groups, and in one of the groups someone asked about making offers below the listing price. Someone referred them to DISboards, and a broker commented that 50% of the information here is incorrect. They said that their own buyers will say they have paid one price, but actually paid more - and sellers say they got a price, but actually got less.

I posted the contract that I recently purchased on the ROFR thread, and I didn't lie about the amount. I know this is the internet, and anyone can say anything, but why would anyone lie about this stuff?

Any thoughts on this?

I call BS on that . What does one gain by lying? Except a broker trying to convince a buyer to pay asking price.

 

[MICKIMINI]

Disboards IMHO reveals the truth regarding resales, prices, bidding, strategies and other aspects of buying and selling DVC. Of course, you have to evaluate everything you read for yourself on the internet. I've been around DVC since 1996 and before I had a computer and I joined disboards in 2003 to participate with other DVC owners.

Many people who post on disboards have been here awhile and newbies come to gather information and learn from our successes and mistakes. Disboards IMHO is a supportive community that works together for transparency in order that we don't get screwed. Each buyer has the personal responsibility to know what they are getting into and evaluate each contract. There is enough information here that someone dedicated to educating themselves about DVC can develop their own personal plan for buying or selling DVC. After 26 years I am still learning and much of it has been here on disboards. Disboards participants are far more educated concerning DVC than anywhere else I can think of and brokers I deal with appreciate the knowledge and don't knock it. If I get a bad vibe from a broker I politely move on, and have...

 

[Matty B13]

I have purchased 4 contracts through 4 different brokers and I have always put the correct information in the ROFR thread about the contracts. And yes at times I felt that I might have over paid for 1 or 2 of this contracts, but I always listed the actual prices on Disboards.

If this comment was made by the broker that I think it was, then she is the one who is lying, she tried to sell me a contract that was listed with one UY and then when I got the contract to sign it had a different UY on it. She got pissed at me that I wouldn't sign the contract after I discover her mistake and canceled the sale.

 

[gskywalker]

Exactly! And frankly its a situation I don't like. Its no fun to be excited and happy about an offer you've just had accepted on a contract, only to immediately have your enthusiasm crushed when you read that someone bought the exact same points and resort for $20 less per point. I also think that a lot of those buyers stalk the resale sites and make a ton of lowball offers, have them taken in ROFR, and just keep repeating the process for months until one gets through. Considering the amount we all pay in dues over the life of the contract, the savings isn't really that much. Of course I don't want to overpay either, but the resale process takes long enough without having to search endlessly for an unheard of deal.

Yup, I was one of them but I was ok to have the contracts taken until I got a deal through. Now looking back do I wish I had paid a bit more on the AKV contract Disney took from me, maybe($92 pp). That contract was the only AKV that was taken in that time range. I don't think I would have got any of my BLT contracts because at that time they were buying almost all of them. I would have had to add at least $15-$20 a point to get them through.

One broker said outright to me that most good prices are lies and that she has had multiple of her clients who posted a lower price on the dis than they actually bought for.

 

[SarahWI]

That Broker was banned from these boards, not sure why.

Can I ask what broker or business? I have a contract in ROFR now but if it gets taken and we start over, I want to know where to avoid if our current broker doesn’t have the “right” contract.

 

[M:SpilotISTC12]

If Disboards was so wrong why would they be able to successfully call out DVC with the point inflation? Take what the broker said with the big rock of salt you can find.

 

[Stargazer65]

Hogwash!! I didn't lie when I posted my info on the closing time and ROFR threads. If I was lying, I would have said so.