Creative offer?

[pianomanzano]

Addonitis is hitting us really hard and we're tempted to finally make an offer one of the monorail resorts. Wanted to throw this idea out there to get opinions on if it's smart/clever or a dumb idea that you as a seller would never be up for. There's a couple listings that are several months old with double points AND points set to expire in a couple months (last year banked into this year and current year banked into next year). A couple of these listings really seem overpriced, talking $25-30pp more than accepted offers posted here on the ROFR thread and private sales reported by DVC News. If we were to offer $25pp below (maximum willing to pay) but allow the seller to rent/transfer out those expiring points (i.e. willing to wait on a closing until last res), does that sound reasonable? At this point, those points would expire right shortly after a closing so those points would just go to waste, but at least giving the seller the opportunity to rent/transfer those points (especially since a couple of these listings are on a site where the broker both sells and rents DVC) could recoup some value for them while getting a more practical price for a buyer. Am I missing something in my somewhat optimistic logic?

 

[Marionnette]

Addonitis is hitting us really hard and we're tempted to finally make an offer one of the monorail resorts. Wanted to throw this idea out there to get opinions on if it's smart/clever or a dumb idea that you as a seller would never be up for. There's a couple listings that are several months old with double points AND points set to expire in a couple months (last year banked into this year and current year banked into next year). A couple of these listings really seem overpriced, talking $25-30pp more than accepted offers posted here on the ROFR thread and private sales reported by DVC News. If we were to offer $25pp below (maximum willing to pay) but allow the seller to rent/transfer out those expiring points (i.e. willing to wait on a closing until last res), does that sound reasonable? At this point, those points would expire right shortly after a closing so those points would just go to waste, but at least giving the seller the opportunity to rent/transfer those points (especially since a couple of these listings are on a site where the broker both sells and rents DVC) could recoup some value for them while getting a more practical price for a buyer. Am I missing something in my somewhat optimistic logic?

Banked points cannot be transferred, so that option is off the table. The owner might be willing to attempt to rent the points but don't count on it. They would have likely tried to rent them out earlier if they had any interest in doing that. You can always run it past the resale agent to see if they think that kind of offer will fly.

 

[CarolMN]

Worth a try. You'd think the sellers would have already tried to do that, though.

I'd just offer to pay what I thought the contract was worth (without considering any points that I couldn't use due to their immanent expiration). If the contracts have been there awhile, the seller might accept and I wouldn't have to deal with an extended closing.

 

[DVChris]

I wouldn’t bother. They are ready to sell as-is. Make your offer and good luck!

 

[Sandisw]

I would offer what you want and go from there. If it is denied, you could offer that as a second offer.

Not everyone wants to get in to the rental market but you never know!

 

[RoseGold]

If you had a sophisticated seller, they would have already done this.

If you had a motivated seller, they would have listed properly priced.

All you can do is make an offer you are willing to pay. I'd certainly entertain a creative counteroffer like this, but that's not really your call as the buyer.

 

[MICKIMINI]

I try to keep offers simple, though the older the listing, the better chance of a seller at least considering an offer. I wouldn't get into the old points issue with an offer, just offer according to what you think is appropriate.

I would make a low offer and ask for closing costs. Perhaps they come back with accepting the low offer and closing costs, or split closing, or just the low offer. It is a good way to set yourself up for a counter as you will likely get some response.

All they can say is no! Good luck!