Dumb, BABE-IN-THE-WOODS Re-sale Q

[ppony]

Okay, if I see a re-sale contract I like...can I offer less per point for the contract? I know about the ROR Disney has (ad obviously te lower it is the higher the risk of refusal is) but if I see quite a few contracts being listed for about $4 less, I was wondering if I can offer a few more $ less a point and do they counter? I wasn't sure how much like buying a house or car this is.

 

[disneynutz]

Your Broker(s) should guide you on making your offer. They have experience with hundreds of offers and that is what they are paid for.

Bill

 

[Sandisw]

When buying resale, you are free to negotiate in any way you want. As PP said, the brokers will give you an idea about that.

When I both bought and sold a contract via resale, the final contract included a price that was slightly lower than the listing price. So, it really depends on the needs of the seller.

The great thing is that there are a lot of contracts and if you are willing to chance ROFR, and find a seller who wants to accept your price, then it is a great way to get a wonderful deal.

Good luck!

 

[nunzia]

You could also try and negotiate the seller paying part or all of the closing costs, and that wouldn't affect ROFR. I tried this but naaaahhh..seller didn't budge.

 

[wdrl]

You could also try and negotiate the seller paying part or all of the closing costs, and that wouldn't affect ROFR. I tried this but naaaahhh..seller didn't budge.

I agree that a resale buyer can negotiate with a seller regarding payment of closing costs and even maintenance fees. However, I'm not sure if I would say that these costs don't affect ROFR. If a seller agrees to pay the closing costs and MF, then Disney gets the same terms if it ROFRs the contract. Disney might ROFR a contract that costs $2-$4 more than another contract if it does not have to pay closing costs or MF. I suspect, but don't know, that Disney looks at the total acquisition costs, not just cost-per-point, in deciding whether to ROFR a contract.

 

[silmarg]

I view purchasing DVC to be even more negotiable than buying a house or a car - and I am not a big negotiator.

Here is my take, there is lots of inventory and much of it is totally identical. So its not like they are a different color or has an extra bathroom...

I did some bidding recently. I was looking for a Aug UY SSR contract. And I am looking for a bargain... So I was bidding a bit under what could considered to be safe (ROFR wise) .

There one newly listed contract at SSR for $68... I bid $64... it got taken (at asking) from another buyer.

There was a stale contract listed at $72, I bid $65.... the seller then pulled the contract.

I did finally snag one at $65. Lets see if it passes ROFR.

I say bid below asking... its a buyers market out there... and use more than one agency... some have access to listings beyond what they post on their websites...


Happy Bidding!

 

[Deb & Bill]

When we sold a contract, we countered the offer that was made. When we had another contract to sell, we were offered $10-15 less than we were asking. We just said no.

 

[ppony]

Wow. THANKS GUYS!!! THanks to the Timeshare Store for posting the link to the people that might be helping us aquire this contract.
I'm still waiting for our trip in a few weeks but I just find it so HARD to ignore the fact I can get SSR for about $30 per point LESS ya know?

 

[nunzia]

I agree that a resale buyer can negotiate with a seller regarding payment of closing costs and even maintenance fees. However, I'm not sure if I would say that these costs don't affect ROFR. If a seller agrees to pay the closing costs and MF, then Disney gets the same terms if it ROFRs the contract. Disney might ROFR a contract that costs $2-$4 more than another contract if it does not have to pay closing costs or MF. I suspect, but don't know, that Disney looks at the total acquisition costs, not just cost-per-point, in deciding whether to ROFR a contract.

Oh! Thanks..I did not know this..I just thought ROFR had to do with cost per point. Thanks for pointing this out.

 

[disneynutz]

I agree that a resale buyer can negotiate with a seller regarding payment of closing costs and even maintenance fees. However, I'm not sure if I would say that these costs don't affect ROFR. If a seller agrees to pay the closing costs and MF, then Disney gets the same terms if it ROFRs the contract. Disney might ROFR a contract that costs $2-$4 more than another contract if it does not have to pay closing costs or MF. I suspect, but don't know, that Disney looks at the total acquisition costs, not just cost-per-point, in deciding whether to ROFR a contract.

You are correct. Disney considers all of the above when deciding ROFR. Even the size of the contract is taken into consideration.

Bill