Considering a mid-size resale contract - thoughts?

[Sprinkles&Sprints]

Hi all - I own several resale contracts (largest is 161 pts) and have recently bid on a few in the 200 - 250 pt range.

I’m curious - for those of you who have sold contracts of that size- did you feel like they took longer to move?

I’ve only ever sold one 100 pointer, and it sold within 2 hrs


Appreciate your thoughts!

 

[AstroBlasters]

Hi all - I own several resale contracts (largest is 161 pts) and have recently bid on a few in the 200 - 250 pt range.

I’m curious - for those of you who have sold contracts of that size- did you feel like they took longer to move?

I’ve only ever sold one 100 pointer, and it sold within 2 hrs


Appreciate your thoughts!

Definitely a smaller buyer pool and so it will take longer and/or sell on the lower end of the ppp range.

The flip side is that you are BUYING on the lower ppp range.

 

[VGCgroupie]

Definitely a smaller buyer pool and so it will take longer and/or sell on the lower end of the ppp range.

The flip side is that you are BUYING on the lower ppp range.

Curious how long your VGC took to sell? Did you get asking?

 

[AstroBlasters]

Curious how long your VGC took to sell? Did you get asking?

I listed it based on the broker’s estimate (which I thought was too high) and then dropped it until it sold.

I purchased it at a good price and I was getting my new contract at a good price… so I knew I’d end up in an OK spot.

I’m seeing a lot of contracts just sit there….

 

[VGCgroupie]

I listed it based on the broker’s estimate (which I thought was too high) and then dropped it until it sold.

I purchased it at a good price and I was getting my new contract at a good price… so I knew I’d end up in an OK spot.

I’m seeing a lot of contracts just sit there….

Ive seen it work much like real estate.. once it sits it gets harder to move.

 

[disneylandtour]

Under 40 points is a little more difficult to sell because closing costs add so much per point.

40 to 75 are often quick sales if they are priced right.

75 to 150 go reasonably fast but a little slower than the small add-ons.

150 to 300 is a little more difficult.

And then over 300 is a difficult point.

Over 500 is genuinely hard, even if the per point price is low.

With the exception of one 335 point contract (it was a really good deal) everything I have is 150 or fewer points. If I ever wanted to move things around, I think that those would be fairly easy to sell, if they were priced right.

 

[intamin]

I listed it based on the broker’s estimate (which I thought was too high) and then dropped it until it sold.

I purchased it at a good price and I was getting my new contract at a good price… so I knew I’d end up in an OK spot.

I’m seeing a lot of contracts just sit there….

What did you sell your VGC in exchange for? Yes I'm nosy

 

[AstroBlasters]

What did you sell your VGC in exchange for? Yes I'm nosy

A VGC in the same UY as all of my other VGC

 

[LittleBitGoofy]

My goal for future resales (and our last few purchases) is roughly 100pt contracts or smaller. Lets me peel off in smaller increments down the road, sell quicker if needed, and still buy at a moderate $/pt compared to the much smaller or the seemingly limited savings going up to the 150pt bracket.

Our BCV is 200 pt because I plan to ride that into the ground, but something with a long horizon might be worth some flexibility down the road.

 

[Disney.dad]

We have taken advantage of great pricing on a 275 Poly for $110, a 350 Riviera for $103 and a loaded 300 Grand Flo for $155 which was not as good of a deal. We have also bought some 200+ pointers more reasonable. Personally I would never buy a direct contract with more than 100 points in one individual contract as you can break them up. Personally we haven’t bought anything under 150 points resale as the prices seem to be too high moving smaller and your overall cost impacted too much by closing costs. Buying a 250+ pointer that has been on the market for a while gets you a chance to get a real deal by making an offer around 15% lower than asking sometimes.

 

[Chili327]

I listed it based on the broker’s estimate (which I thought was too high) and then dropped it until it sold.

I purchased it at a good price and I was getting my new contract at a good price… so I knew I’d end up in an OK spot.

I’m seeing a lot of contracts just sit there….

I've seen it work much like real estate.. once it sits it gets harder to move.

Under 40 points is a little more difficult to sell because closing costs add so much per point.

40 to 75 are often quick sales if they are priced right.

75 to 150 go reasonably fast but a little slower than the small add-ons.

150 to 300 is a little more difficult.

And then over 300 is a difficult point.

Over 500 is genuinely hard, even if the per point price is low.

With the exception of one 335 point contract (it was a really good deal) everything I have is 150 or fewer points. If I ever wanted to move things around, I think that those would be fairly easy to sell, if they were priced right.

I recently made an offer on an overpriced BLT (100pt), & the response i got was "the seller has no motivation to sell at that low of a price", so i went looking to see what other similar contracts were out there, & low and behold theirs was the highest priced one available in any UY (technically the 4 highest priced ones were all from them), but my downside is there was only the one in my UY...
I know we can't discuss them, but i was surprised it wasn't the usual highest priced broker. lol (needless to say, its now on my list of places not to buy from)

 

[Chili327]

Hi all - I own several resale contracts (largest is 161 pts) and have recently bid on a few in the 200 - 250 pt range.

I’m curious - for those of you who have sold contracts of that size- did you feel like they took longer to move?

I’ve only ever sold one 100 pointer, and it sold within 2 hrs


Appreciate your thoughts!

I've never sold anything bigger than 50, but i would say that with anything, if it is priced well it will sell fast, but if you'd rather get top dollar, you just have to wait for that perfect buyer to come along.

 

[AstroBlasters]

I recently made an offer on an overpriced BLT (100pt), & the response i got was "the seller has no motivation to sell at that low of a price", so i went looking to see what other similar contracts were out there, & low and behold theirs was the highest priced one available in any UY (technically the 4 highest priced ones were all from them), but my downside is there was only the one in my UY...
I know we can't discuss them, but i was surprised it wasn't the usual highest priced broker. lol (needless to say, its now on my list of places not to buy from)

It’s not the broker, it’s the seller. At least you got a response back from the broker so you know not to waist your time on that particular contract.

 

[Chili327]

It’s not the broker, it’s the seller. At least you got a response back from the broker so you know not to waist your time on that particular contract.

I sent him a screen shot of the list of 11 available, & he said to make an offer more inline with the ones listed...
I'm thinking, you mean the ones STILL listed that aren't sold yet either.!? lol

 

[Girlstar30]

Do you guys think it would be smarter to buy a direct 150 point split at 3 50 point contracts or 2 75 point contracts?

 

[intamin]

Do you guys think it would be smarter to buy a direct 150 point split at 3 50 point contracts or 2 75 point contracts?

Probably 2 75s, both a 50 and a 75 will sell quite fast and the 75 has less closing costs.

 

[Sprinkles&Sprints]

Do you guys think it would be smarter to buy a direct 150 point split at 3 50 point contracts or 2 75 point contracts?

Or maybe 100 and 50.

 

[Girlstar30]

Probably 2 75s, both a 50 and a 75 will sell quite fast and the 75 has less closing costs.

Good point, why have more closing costs when it's still small

 

[Sprinkles&Sprints]

This is all great advice, thank you. VGF contracts in general are just painfully priced now compared to when I bought this time last year so the lower price point/bigger contract is tempting bc I know I’ll inevitably wind up paying more across multiple smaller contracts…ugh. Decisions, decisions…

 

[Chili327]

Do you guys think it would be smarter to buy a direct 150 point split at 3 50 point contracts or 2 75 point contracts?

Yes.