How many resale offers did you make before one was accepted?

[meggybear17]

We're just starting the resale purchase process. We've already missed two contracts where another offer was submitted and accepted just before ours-we submitted ours just before the brokers updated their websites. Onto number 3 in less than 24 hours.

 

[DduzDis]

Wow. That is a bummer. We got ours on the first try last year. If you haven't already you might sign up for the email listings from various resellers. These often don't make it to the websites. Good luck!!

 

[skippytx]

We missed 2 before we got ours. I installed the app from one of the brokers and got an alert as soon as the contract was listed. I had the offer in 15 minutes later.

 

[crazyventures]

We missed one before we got our recent one. My first offer on an AKL contract was declined without counteroffer. I offered below the list price because I just couldn't stomach the thought of paying $135/point for AKL. I signed up for the email lists of all of the resale brokers.

 

[CraigInPA]

I scored on my first one, but I also immediately called and made a full asking price offer (the contract was loaded, my desired resort, my desired use year, and $10 per point under other contracts of its size asking price). I heard a few hours later that there were numerous full price offers, but ours was first.

 

[aoconnor]

You often need to move very quickly once there's a new listing-- like within 45 minutes or less.

Every seller is different. Some are desperate to sell (bankruptcy, lost job, divorce) while others will hold their ground on price. I offered $20pp less than listing two weeks ago and my offer was accepted without a counter. My advice is to take your time and offer what you think is fair/ what you want to pay. Waiting an extra month or two for a good deal won't make a difference in the scheme of a 25+ year commitment.

 

[meggybear17]

We missed 2 before we got ours. I installed the app from one of the brokers and got an alert as soon as the contract was listed. I had the offer in 15 minutes later.

Thanks! I did install the app from one broker so here’s hoping something comes through soon!

 

[meggybear17]

You often need to move very quickly once there's a new listing-- like within 45 minutes or less.

Every seller is different. Some are desperate to sell (bankruptcy, lost job, divorce) while others will hold their ground on price. I offered $20pp less than listing two weeks ago and my offer was accepted without a counter. My advice is to take your time and offer what you think is fair/ what you want to pay. Waiting an extra month or two for a good deal won't make a difference in the scheme of a 25+ year commitment.

You make excellent points and I am trying very hard to think with my head and not my heart on this one! My main concern is all of the price increases that I keep hearing about. Also it’s so exciting lol!

 

[JETSDAD]

We made an offer on one contract and received a counter offer but we couldn't reach an agreement. Then we got the next one which was more $PP but was fully loaded. I made an offer moments after it hit the website and had a call back immediately to confirm my offer. Within a few minutes the offer was accepted. They had other full price offers within the first hour but we got in first.

 

[Louis morrell]

1 offer and we accepted the sellers counter. Offered $14.00 below offer, counter was $7.00 bellow offer.

 

[sndral]

Technically both contracts were my first 'offers.' On the first one I'd called on a listing that was already pending - website hadn't updated yet, but the brokerage had a new not yet listed contract same resort/use year, so I offered on that one instead. That one I offered $2 per point less, but the broker came back w/ a rejection - sellers couldn't go any lower than listing due to $ they owed - and since it was listed on the low end @ the time anyway I just went w/ full price. Second contract I offered a little below asking and was accepted.

 

[miTnosnhoJ]

I got mine on the first try. It was a VGF contract that had been on the website for 3 months with no takers. So I made a low but fair offer and they took it.

 

[kboo]

BLT (March 2017) - first contract, I called, seller countered at $1 over my first offer. Done! (I got spoiled)

VGF (December 2017) - I made at least 2 offers on BCV and 3 on BWV, at least, where my full price offer was too late (this happened multiple times), at least one the seller refused to counter. I had gotten to the point where I had actually spoken to 3 different brokers (2 from failed offers, and one from our BLT purchase) to let them know we were serious and to let me know of new contracts with the following parameters, etc etc... During this time DH and I started talking about just how much we wanted an EP resort, and we looked again at VGF and also considered adding more BLT points, and ... we saw a contract that had recently been reduced, I made an offer at $7 below asking, seller countered at $2 below, and we were done. So, like, 6th contract overall, but 1st VGF contract we bid on.

And then while we were in ROFR for the VGF contract, one of the brokers contacted me with a BWV asking under $90. And I wondered if we had made the right decision... oh well.

I agree with others here, if you are not in a huge hurry, just keep waiting for the right contract at the right price.

 

[meggybear17]

BLT (March 2017) - first contract, I called, seller countered at $1 over my first offer. Done! (I got spoiled)

VGF (December 2017) - I made at least 2 offers on BCV and 3 on BWV, at least, where my full price offer was too late (this happened multiple times), at least one the seller refused to counter. I had gotten to the point where I had actually spoken to 3 different brokers (2 from failed offers, and one from our BLT purchase) to let them know we were serious and to let me know of new contracts with the following parameters, etc etc... During this time DH and I started talking about just how much we wanted an EP resort, and we looked again at VGF and also considered adding more BLT points, and ... we saw a contract that had recently been reduced, I made an offer at $7 below asking, seller countered at $2 below, and we were done. So, like, 6th contract overall, but 1st VGF contract we bid on.

And then while we were in ROFR for the VGF contract, one of the brokers contacted me with a BWV asking under $90. And I wondered if we had made the right decision... oh well.

I agree with others here, if you are not in a huge hurry, just keep waiting for the right contract at the right price.

I guess we're kind of in a hurry. We have a trip planned for next January and we would love to use our points if possible. We're fine with any resort that is available for our dates. I just know that since the whole process can take several months it would be great if we at least had an agreement of sale done soon. I'm glad everything worked out for you in the end! That must have been a true test of patience to lose so many contracts.

 

[KnightFamily]

We put out two offers before our contract found us. We signed up for all the emails, and that helped. However it was the individual brokers contacting me and getting their customer profile (what UY, how many points etc) that we were looking for that paid off in the end.

Our broker at Fidelity emailed me directly and said that she had a contract available in our parameters that had not yet made to an email list or website and what we wanted to offer.

Now in our situation we were looking for a stripped contract, but the amount of points it had was higher than what we could normally afford. So we gave them our top price (which was low) and magically the seller accepted it. I didn’t think it would pass rofr. It did.

So the only suggestion I have is to make sure each broker knows what your looking for. In the end though, you will end up with a contract, whether you find it, or it finds you. You just have to be patient.

 

[kboo]

I guess we're kind of in a hurry. We have a trip planned for next January and we would love to use our points if possible. We're fine with any resort that is available for our dates. I just know that since the whole process can take several months it would be great if we at least had an agreement of sale done soon. I'm glad everything worked out for you in the end! That must have been a true test of patience to lose so many contracts.

Well, those contracts were never even ours to lose.

The thing is, even if you had an accepted offer at this very minute, that's no guarantee you'd close when you wanted to, or that your contract would pass ROFR, or that your sellers would return their documents right away. I say this not to scare you but to let you know that you will be ok, especially if you are ok with any resort. When we made on offer on our BLT contract in March 2017, we wanted to use the points for a trip over President's week 2018. By the time we closed, we were 9 months out. We went through a few different room scenarios, but ultimately got what we wanted, which actually didn't open up until after 7mo. Since you are ok with any resort, you really will have options well into the spring, and probably even later. I think @skier_pete and @Bing Showei are working on an updated chart. You will be ok.

ommmmm

 

[meggybear17]

We put out two offers before our contract found us. We signed up for all the emails, and that helped. However it was the individual brokers contacting me and getting their customer profile (what UY, how many points etc) that we were looking for that paid off in the end.

Our broker at Fidelity emailed me directly and said that she had a contract available in our parameters that had not yet made to an email list or website and what we wanted to offer.

Now in our situation we were looking for a stripped contract, but the amount of points it had was higher than what we could normally afford. So we gave them our top price (which was low) and magically the seller accepted it. I didn’t think it would pass rofr. It did.

So the only suggestion I have is to make sure each broker knows what your looking for. In the end though, you will end up with a contract, whether you find it, or it finds you. You just have to be patient.

Hmm interesting. I spoke with Fidelity today and they told me my best bet was to check the listings each morning. I had asked specifically if they would alert clients to new contracts that met their parameters before they added them to the website. Maybe I'll call again tomorrow.

 

[meggybear17]

Well, those contracts were never even ours to lose.

The thing is, even if you had an accepted offer at this very minute, that's no guarantee you'd close when you wanted to, or that your contract would pass ROFR, or that your sellers would return their documents right away. I say this not to scare you but to let you know that you will be ok, especially if you are ok with any resort. When we made on offer on our BLT contract in March 2017, we wanted to use the points for a trip over President's week 2018. By the time we closed, we were 9 months out. We went through a few different room scenarios, but ultimately got what we wanted, which actually didn't open up until after 7mo. Since you are ok with any resort, you really will have options well into the spring, and probably even later. I think @skier_pete and @Bing Showei are working on an updated chart. You will be ok.

ommmmm

Thanks

 

[KnightFamily]

Hmm interesting. I spoke with Fidelity today and they told me my best bet was to check the listings each morning. I had asked specifically if they would alert clients to new contracts that met their parameters before they added them to the website. Maybe I'll call again tomorrow.

We bought last April, perhaps they’ve changed their policy. We had our own person in the brokerage, who I could email directly. She contacted me after I signed up for their email listing. Then I had her contact info and could call to speak to her.

 

[kboo]

We bought last April, perhaps they’ve changed their policy. We had our own person in the brokerage, who I could email directly. She contacted me after I signed up for their email listing. Then I had her contact info and could call to speak to her.

Hmm interesting. I spoke with Fidelity today and they told me my best bet was to check the listings each morning. I had asked specifically if they would alert clients to new contracts that met their parameters before they added them to the website. Maybe I'll call again tomorrow.

They did change their policy - they were one of the ones I called last fall to ask id they could let us know of listings in advance, and they said to just check the website. They did tell me, however, that the website is updated at midnight, not in the morning. They open at 9 (?) I think. At least 2x I called in the morning around 9:30am after seeing a listing after midnight (at least, I *think* they were new), and they were the ones who said, so sorry, too late, but we'll keep you as a backup in case the deal falls through. I learned to be very zen about this, and cede a good amount of control. I really liked Fidelity and assumed I'd end up buying from them, but it did not work out that way. I saw a better, "perfect" contract on another broker's site, just reduced within 48 hours (no idea what it was reduced from, but the reduced price was fair), and made the offer in the afternoon, randomly, and we had an accepted offer within the hour. As someone wrote above, the right contract will find you!