How would you respond?

[diznyfanatic]

I'd probably respond the first time with something like "Thank you for your inquiry, however, after factoring in all of the costs associated with ownership, we are unable to lower our rental rates below our stated price of $xx.xx."

I probably wouldn't respond to any further requests from the same person to negotiate the price.

 

[bpmorley]

I guess it's like anything else. The starting price is just that, a starting price. Doesn't everyone do this at the car dealership, when buying a home? I know I don't walk onto a lot and pay what's on the sticker. Haggling is part of life. I've never rented points, but I'm pretty sure sometime in the future I will have to. I'll come up with a price and do my best to stick to it

 

[crisi]

I guess it's like anything else. The starting price is just that, a starting price. Doesn't everyone do this at the car dealership, when buying a home? I know I don't walk onto a lot and pay what's on the sticker. Haggling is part of life. I've never rented points, but I'm pretty sure sometime in the future I will have to. I'll come up with a price and do my best to stick to it

I think a lot of these people keep asking until they find someone to cave (and that may take a while - there is really no way to tell)...and owners who are patient get what they ask for. But the rent trade board isn't set up well. Once you have a reply, it appears most potential renters see those points as claimed and the listing falls to the bottom. It would probably be better to have all responses through PM and only have the original listing up - allowing only the original poster to edit the post when the points are gone. Don't know if VBulletin would allow that configuration though. That would allow the original poster to collect a few PMs and choose who to call back first after a day - and probably encourage renters to recognize that they may have competition for those points and bid up.

Thinking about it, I think I'd list points eBay fashion.....letting people know in my post that I'm going to accept PMs for three days and will call back the highest bidder first - and list with a minimum bid price. I would suspect most people would understand that language.

 

[itsmyhappyplace]

2 years ago I was paying $485 for 5 night S-T at OKW though a renter on ebay and happy about it. also $800 for perfared at BWV in Oct. As you can see it was over the $10 a point. I had no problem with his terms.

I agree. Do not underestimate the value of what you have. I was paying $940 for a 5 night stay at BCV from a renter. That was before I found this board. However, that was much cheaper than paying for a 5-night stay on the resort side at Beach Club. You must start to recognize that if everyone bands together and stops renting for under $10 ( I personally think it should be more like $12 to $14 depending on the vacation club, since some are attached to resorts that get much more per night.) the price will drive itself up. What is the alternative for a renter? They would have to pay more to stay at a moderate resort if it was not for being able to rent these accommodations from you. Nicer accommodations at that.

 

[pouncingpluto]

Thinking about it, I think I'd list points eBay fashion.....letting people know in my post that I'm going to accept PMs for three days and will call back the highest bidder first - and list with a minimum bid price. I would suspect most people would understand that language.

What a great idea!

 

[rogerram]

Thinking about it, I think I'd list points eBay fashion.....letting people know in my post that I'm going to accept PMs for three days and will call back the highest bidder first - and list with a minimum bid price. I would suspect most people would understand that language.

the problem there is you might have to sort through quite a few people who might bid high and have no interest in actually renting. These may be other renters trying to rent out before you or someone just being a jerk to you, to make you have more headaches than it is worth. With no feedback system against these people(like ebay), then it leaves too many problems to mess with you anyway they want.

 

[FlyingfreeWDW]

Just did a quick tabulation. 1 bedroom at SSR for June 18 to 24 cost $2709.48 or 189 points easy math $14.33 a point. $10. is a steal I would charge at least $12. they still save over $400. IMO we are doing each other a diservice by renting so cheap.

and your numbers include a weekend night. Run the numbers again for a Sun. - Thurs. stay in a one bedroom at SSR. The savings are far greater.

 

[crisi]

the problem there is you might have to sort through quite a few people who might bid high and have no interest in actually renting. These may be other renters trying to rent out before you or someone just being a jerk to you, to make you have more headaches than it is worth. With no feedback system against these people(like ebay), then it leaves too many problems to mess with you anyway they want.

But, according to the threads about renters reniging, this is a problem now.

 

[ericamanda01]

I had two such offers last week. They were very nice,but I just let them know that I couldn't help them and I wished them luck finding the price the wanted.

 

[Jen D]

Just politely respond that your price is firm at $10.

 

[Caskbill]

Just did a quick tabulation. 1 bedroom at SSR for June 18 to 24 cost $2709.48 or 189 points easy math $14.33 a point. $10. is a steal I would charge at least $12. they still save over $400. IMO we are doing each other a diservice by renting so cheap.

But someone paying cash gets things like daily Mousekeeping that a renter doesn't get, so your comparison isn't a true apples to apples.

Factor in daily mousekeeping to the renter, and it's not as great a savings as you claim. Still good, but not the $14.33/point.

Also a renter does not have the same cancellation policy as a cash guest, so their risk is higher.

Now advertise that it's a discount with reduced services and a much more restrictive cancellation policy, and you'd be more accurate.

 

[LIFERBABE]

I usually get the serious WDW planner who is a repeat WDW guest, recognizes a good deal when they see it and doesn't feel the need to bargain shop my listing.

Exactly!! I have ZERO problems receiving $11-$13 per point. Serious inquiries that already know the value of what they are receiving. Those that want $8 points should have to wait for a clearance sale. Some people are renting virgin points for $9-$10 and they really don't need to. Disney is not discounting their accomodations until 3-5 months prior, but we offer a heavy discount almost a year out. DVC rentals offer a tremendous value for the long range planner as well as the last minute.

I would politely tell them thanks but no thanks. Stick to your price and you will find the right renter for you and I have had some great experiences with ZERO reneging.

 

[dianeschlicht]

This thread points out a few of the reasons why I don't rent out my points, nor do I intend to unless I would be in jeopardy of losing them completely.

 

[disneyfan2005]

Alot of people do offer $8.00 - $9.00 a point so tha tis why they are asking . I would not be offended by it especially when other people are doing it. Just say no if you don;t want to

 

[MOM POPPINS]

Do you think that when the points are set to expire would be an exception to the price you are asking. If the points expire in the next 45 days then I think asking for a price reduction is not out of the question. The availablity at the resorts are slim at that point and you are having to compromise where you can stay as well. Just wondering what your thoughts are on this aspect?

 

[JimMIA]

Do you think that when the points are set to expire would be an exception to the price you are asking. If the points expire in the next 45 days then I think asking for a price reduction is not out of the question. The availablity at the resorts are slim at that point and you are having to compromise where you can stay as well. Just wondering what your thoughts are on this aspect?

Yes, of course a lower price is warranted in that extreme situation. You have to rent the points in a big hurry, and there is virtually no room for error or delay. Hopefully, DVC owners will not put themselves in such a jam, because the low price in that scenario is the least of your worries.

If I found myself in danger of getting in that position, I'd use the points for something long before 45 days prior to the expiration of my use year.

 

[vbalacek]

What if the person renting was a current DVCer, and wanted points transferred to his account? I've never rented before, but I would think this fact would eliminate the hastle of checking/making reservations, as well as several of the trust issues. Maybe in those circumstances I would be willing to rent for a dollar cheaper.

 

[Dean]

What if the person renting was a current DVCer, and wanted points transferred to his account? I've never rented before, but I would think this fact would eliminate the hastle of checking/making reservations, as well as several of the trust issues. Maybe in those circumstances I would be willing to rent for a dollar cheaper.

There are a number of risk in renting for both parties. And there are many ways to reduce the risk. If ones does a transfer and gets full payment up front, that alleviates essentially all risk and much of any hassle for the seller. But there is great risk for the buyer, esp since most who transfer expect full payment up front. There are other ways to minimize the risk and aggravation of renting besides a transfer.

 

[3DisneyKids]

I am not a DVC member (...yet!) but I have rented several times. So, I am chiming in here from this side of the transaction (as it seems most posters are owners).

First, most renters are not really "in the know" about all of the ins and outs...renting, banking, borrowing, etc. So they may not understand the hassle that this can be. Secondly, again, since they are not in the know, they are just trying to get the best deal possible...which is something all of us do as consumers. Many renters look at renting points just as they would look at buying something used from the classifieds. "You want $50 for that bicycle...would you consider $40?" And using this example, most sellers who place a classified ad for merchandise DO come down on their price. So I think this may be the mind-set of many potential renters.

That being said, I have always paid $10/point and I would never consider a counter-offer. I know what a great deal this is.

As for trying to get a mass group to "raise the price" to $12 or more per point...you can only do what the market will handle. I'm not sure what that top number is, and none here can know for sure.

Yes, being on-property is what most people want. However, when you can rent a NICE 2-br villa off-site for under $150/night and don't have to worry about week-ends being more, etc., there IS a limit to what renters will be willing to pay just to stay on-site. Renters will either go off site OR just give up on a villa and get one or two "regular" rooms at one of the other resorts.

Finally (phew!) DVC owners who choose to rent their points now have major competition...Disney itself. The new family suites at ASMu (and more on the way at POP) are a very attractive alternative to those who rent. True, it is not a deluxe resort with all of the deluxe amenities...but at the end of the day, it is enough space and it is on property. This may force DVC'ers to keep their rental prices low. But again, no one here can know for certain.

Consider me a happy and satisfied renter...who will be an owner in the next year or two...

 

[LakeAriel]

Anyone who would prefer aSM suites to a deluxe resort is welcome to reserve there! Dues keep going up, so will the per point price!