Fidelity offers

[atthebeachclub]

Multiple offers came in before and they couldn’t pull it off the site fast enough. I should have nabbed it faster! LOL. I’m not surprised though.

 

[JackosinDIS]

Multiple offers came in before and they couldn’t pull it off the site fast enough. I should have nabbed it faster! LOL. I’m not surprised though.

What was the price?!

 

[lew4949]

Same situation for me this morning. Saw a good contract was just posted on Fidelity last night (and should have moved on it then), saw it was still there this morning, made an offer and got the auto response that it was received, then got a response about 15 minutes later coming from the broker's name (but looking very much like a form response) saying my offer was "withdrawn." Checked the site again when I got that and saw the listing is gone, so I just assumed--and am still assuming--someone else got it. Timing of everything did seem a bit coincidental though, especially after I've seen what you all are saying here about similar things happening with Fidelity. Also don't know how them technically not working on weekends may play into this. Not getting my hopes up at all--my offer wasn't full price--but I guess it's worth a call to confirm tomorrow morning. This contract would be exactly what I was looking for if I was looking--which I actually wasn't, and really shouldn't be....

 

[atthebeachclub]

What was the price?!

I didn’t ask but wouldn’t be surprised if it was a full price offer.

 

[MICKIMINI]

When we were buying lots of contracts I would usually bid over the asking price...so if it was $5000 I would bid $5001. The other tip is not to hesitate. Being first at a bit over full price will 99.9% of the time win you that contract.

If it is a steal and you want it just do it! Good luck!

 

[atthebeachclub]

When we were buying lots of contracts I would usually bid over the asking price...so if it was $5000 I would bid $5001. The other tip is not to hesitate. Being first at a bit over full price will 99.9% of the time win you that contract.

If it is a steal and you want it just do it! Good luck!

Ooh, great tips! Thank you!

 

[cusack1020]

Some agents will call you back on the weekend. It just depends on who has the listing. It would not hurt to call that agent and leave a message!

Good luck!

Well just to follow up on this they did reach out proactively this morning and my offer was rejected. It's not listed on the site any longer so I assume they got a full price offer as mine was just below.

 

[Instagramhusband]

This is good to know about Fidelity. I have never bid on one on their site.

I think the whole service aspect of the DVC industry is spotty.

 

[Jack Kerouac]

When we were buying lots of contracts I would usually bid over the asking price...so if it was $5000 I would bid $5001. The other tip is not to hesitate. Being first at a bit over full price will 99.9% of the time win you that contract.

If it is a steal and you want it just do it! Good luck!

I get this strategy if it’s a seller’s market, but it seems like it’s primarily a buyer’s market for most resorts (perhaps other than PVB). We recently picked up AKV for $10pp less than ask and picked up BRV at $6pp less than ask (I was willing to accept their counter since we love BRV).

When we bought PVB in late 2022, we really wanted the contract, so we offered $1pp less and got it. When we sold it this year, we sold it above ask and $20.50pp higher than our buying price.

But we also bought BRV for a higher cost per point than we were willing to do for SSR even though SSR has a longer contract and lower dues. We just love BRV. So I can’t really disagree with you…

 

[MICKIMINI]

I get this strategy if it’s a seller’s market, but it seems like it’s primarily a buyer’s market for most resorts (perhaps other than PVB). We recently picked up AKV for $10pp less than ask and picked up BRV at $6pp less than ask (I was willing to accept their counter since we love BRV).

When we bought PVB in late 2022, we really wanted the contract, so we offered $1pp less and got it. When we sold it this year, we sold it above ask and $20.50pp higher than our buying price.

But we also bought BRV for a higher cost per point than we were willing to do for SSR even though SSR has a longer contract and lower dues. We just love BRV. So I can’t really disagree with you…

We've negotiated on many contracts and resold for a decent profit. The point is, the buyers in this case are competing for contracts at lower prices to begin with. There is more competition even in a down market. If it is a particularly unique combination of the resort/UY/points why lose the contract for a few dollars less per point? I was simply suggesting a strategy to buy.

BRV is awesome!

 

[Jack Kerouac]

We've negotiated on many contracts and resold for a decent profit. The point is, the buyers in this case are competing for contracts at lower prices to begin with. There is more competition even in a down market. If it is a particularly unique combination of the resort/UY/points why lose the contract for a few dollars less per point? I was simply suggesting a strategy to buy.

BRV is awesome!

That's a fair point and one I cannot disagree with considering how little those few dollars per point actually make up the total cost of a contract.

 

[Genie+]

We've negotiated on many contracts and resold for a decent profit. The point is, the buyers in this case are competing for contracts at lower prices to begin with. There is more competition even in a down market. If it is a particularly unique combination of the resort/UY/points why lose the contract for a few dollars less per point? I was simply suggesting a strategy to buy.

BRV is awesome!

Absolutely. The better a contract looks when it first hits the market, the higher the chances of competition.

Example - someone is looking for under 100pts CCV to use in fall. Next week 75pts Oct UY at $135pp pops up. It’s tempting to offer $130 but is it worth having a greater chance at losing it? Offer $135.34pp and you stand a much better chance. $25 over asking equals the ability to win over other full price offers.

From the other side, while you offered $135.34, the next highest offer was $131pp. They lost the contract over $325. Maybe they’re fine with that, it’s their ceiling on price. Maybe if it ends up they’ll need to try 3 more times over the next 6 months to get a similar price, they’ll regret not offering more when they lost out to you and your $135.34pp

 

[MICKIMINI]

Absolutely. The better a contract looks when it first hits the market, the higher the chances of competition.

Example - someone is looking for under 100pts CCV to use in fall. Next week 75pts Oct UY at $135pp pops up. It’s tempting to offer $130 but is it worth having a greater chance at losing it? Offer $135.34pp and you stand a much better chance. $25 over asking equals the ability to win over other full price offers.

From the other side, while you offered $135.34, the next highest offer was $131pp. They lost the contract over $325. Maybe they’re fine with that, it’s their ceiling on price. Maybe if it ends up they’ll need to try 3 more times over the next 6 months to get a similar price, they’ll regret not offering more when they lost out to you and your $135.34pp

Absolutely!

 

[MICKIMINI]

That's a fair point and one I cannot disagree with considering how little those few dollars per point actually make up the total cost of a contract.

Yup! Most of us are competitive in this situation and it is hard to control the urge to get a better deal. Many of these contracts ARE the better deal already. You can feel smug when you win one LOL!

 

[lbwilliams]

Small contract BLT

I also put a full price offer on that one and got a message that my offer was "withdrawn" the next day. I just spoke to the listing agent about this one, and he said that it was gone in 45 minutes and so many people submitted offers after that point that he couldn't get the listing down fast enough. He didn't want to say "sorry, it was declined" when in fact, someone just beat us to it.

 

[ShaneDJ]

...we also bought BRV for a higher cost per point than we were willing

We just love BRV.

Side question @Jack Kerouac : Do you like BRV better than CCV? If so, why?

We keep going back-and-forth between the two.

 

[Genie+]

Shoot! Fidelity just had a small loaded Poly come up that was taken in a heartbeat. Congrats whoever got that one

 

[JackosinDIS]

Shoot! Fidelity just had a small loaded Poly come up that was taken in a heartbeat. Congrats whoever got that one

Saw that one when it first popped up… had to stop myself

 

[RuntheMouse]

Side question @Jack Kerouac : Do you like BRV better than CCV? If so, why?

We keep going back-and-forth between the two.

Not who you asked but I’ll weigh in.

Both resorts are amazing and a stay at either one is amazing. BRV wins in my heart for a few reasons.

• It's so much quieter.
• The intimate lobby offers a lot of escapes
• Close to Geyser Point and my preferred pool
• Rooms are better decor wise

 

[ShaneDJ]

Not who you asked but I’ll weigh in.

Both resorts are amazing and a stay at either one is amazing. BRV wins in my heart for a few reasons.

• It's so much quieter.
• The intimate lobby offers a lot of escapes
• Close to Geyser Point and my preferred pool
• Rooms are better decor wise

Thank you!!