*Fingers Crossed*

[Green_eyes218]

My husband and I have been looking into DVC for years and have finally decided to buy resale! We're looking into Saratoga Springs and just found one we're interested in. So now my question is:
When we go to make an offer (if it isn't already snatched up) do they ever counter offer if they don't like the offer you made? It's up for 14700 and we want to offer 1400. Does that seem to high/low? We've never purchased anything that had a contract so we're very new to this and I don't want to mess it up. Lol

 

[brianthompson1]

Without details on the contract, and the number of points available for current and future use-years, it's hard to give guidance. Generally speaking though, a difference of $700 between asking price and offer price is not unreasonable. The seller may counter your offer, but that is normal too.

 

[Green_eyes218]

Without details on the contract, and the number of points available for current and future use-years, it's hard to give guidance. Generally speaking though, a difference of $700 between asking price and offer price is not unreasonable. The seller may counter your offer, but that is normal too.

It's Saratoga Springs 175 $84/pt
Dec UY 175 coming 2018 and 2019

 

[ELMC]

It's Saratoga Springs 175 $84/pt
Dec UY 175 coming 2018 and 2019

To answer the question you asked, it's perfectly normal to go in with a lower offer and the seller will typically accept or counter. Your counter offer is respectable, you're essentially offering $80 per point vs. their asking price of $84.

To answer the question you didn't ask, that contract is incredibly overpriced based on inventory that is available right now. Sorry if I'm overstepping my bounds there but please know I'm just trying to help. Please take the time to research the value of contracts that have banked and current points vs. contracts that have borrowed out upcoming points like this one has. Good luck with your process!

 

[Green_eyes218]

To answer the question you asked, it's perfectly normal to go in with a lower offer and the seller will typically accept or counter. Your counter offer is respectable, you're essentially offering $80 per point vs. their asking price of $84.

To answer the question you didn't ask, that contract is incredibly overpriced based on inventory that is available right now. Sorry if I'm overstepping my bounds there but please know I'm just trying to help. Please take the time to research the value of contracts that have banked and current points vs. contracts that have borrowed out upcoming points like this one has. Good luck with your process!

Not overstepping at all! I appreciate it. I was looking at the closed contracts on this forum and saw that this was on the higher end per point. I saw someone with the exact same contract details close with a much better price. So I may just offer up that price and see what happens

 

[ELMC]

Not overstepping at all! I appreciate it. I was looking at the closed contracts on this forum and saw that this was on the higher end per point. I saw someone with the exact same contract details close with a much better price. So I may just offer up that price and see what happens

Also don't forget that there is a value to the missing points. Typically, they are valued at $15 per point per year. So the value differential between a contract that has banked 2016 points and current 2017 points vs. your contract that is missing 2017 points is $30! This is a little bit of an oversimplification, but the bigger point is that even if the price is the same as a loaded contract, the value is significantly less. Something to think about as you start evaluating contracts.

 

[Green_eyes218]

Also don't forget that there is a value to the missing points. Typically, they are valued at $15 per point per year. So the value differential between a contract that has banked 2016 points and current 2017 points vs. your contract that is missing 2017 points is $30! This is a little bit of an oversimplification, but the bigger point is that even if the price is the same as a loaded contract, the value is significantly less. Something to think about as you start evaluating contracts.

Thanks so much!! I really appreciate it. We decided to put an offer in and really thought about the value of other contracts that are on the market plus ones that have sold in the last 6 months. We offered what we felt comfortable with and are awaiting a response from the seller!! Very excited!!

 

[ELMC]

Thanks so much!! I really appreciate it. We decided to put an offer in and really thought about the value of other contracts that are on the market plus ones that have sold in the last 6 months. We offered what we felt comfortable with and are awaiting a response from the seller!! Very excited!!

To be fair, prices have been trending up over the past 6 months, so if you're using recent prices as a guide you should be in pretty good shape.

Good luck!