Is anyone finding the buying process frustrating?

[Brittleebee]

I keep running into Sellers and brokers unwilling to come down on prices at all. They seem to completely ignore the fact that the market isn’t doing what they want it to do and won’t accept any currently reasonable offer.

Anyone else experiencing this?

 

[Southernswthrt]

Yes - somewhat. I have made several offers over the last month - none of which were accepted. My offers were NOT the lowest on the ROFR thread and were above the "Instant Sale" price. The closest I came was on a PVB offer that was somewhat reasonable - we were only about $5 apart. I chose to pass b/c it wasn't my preferred use year. I would have probably taken that offer if it had been "perfect".

I don't know how some folks are getting the great deals on the ROFR thread. I wish I knew the secret...until then, I will just keep offering until I find one that accepts.

 

[Sandisw]

It can take time for a buyer and seller to find each other who both have the same idea of “reasonable”.

The market is changing and those sellers who want to sell and see the current market price as “reasonable” will be able to sell faster than those that are simply not in any rush.

Just keep trying!

 

[Chili327]

I think its just supply and demand... If they want to sell they need a buyer, so they either don't NEED to sell (or the need isn't strong enough) or they're just fishing, hoping to get a better price, just as we (or me, buyers) are hoping to get a deal.
If the economy keeps heading downhill, they'll have to come down in price or decide to just hold on to them, but with contracts that have only 18 years left on them, that starts eating away at the value as well.

 

[DonMacGregor]

And if enough sellers hold firm on their pricing, the supply will decrease relative to the demand, and the price will go back up. That's how it works. I'm sure there are plenty of sellers saying "I keep running into buyers unwilling to come up to my price". Sellers don't need to jump into lock step with current pricing because that's just what it is: current.

 

[tidefan]

A lot of these sellers probably don't "need" to sell. They may just have it out there and if it sells, then great. If not, just keep on using it.

I think that buyers sometimes forget that the process is a two-way street. Like the post said above, it's all about what both parties (buyer and seller) can come to an agreement on. That is going to vary depending on a LOT of variables...

 

[RoseGold]

You only need one.

 

[tom1944]

I notice a difference asking price depending on use year.
Certain SSR use years start under 110 while another has contracts starting at 125

 

[davidhr]

There's probably a post on another thread/forum of a seller frustrated about these buyers lowballing his/her contract like they're in an urge to get rid of it

 

[Brittleebee]

I notice a difference asking price depending on use year.
Certain SSR use years start under 110 while another has contracts starting at 125

I haven’t noticed this personally but that’s an astute observation!

 

[Brittleebee]

There's probably a post on another thread/forum of a seller frustrated about these buyers lowballing his/her contract like they're in an urge to get rid of it

Probably and I understand that as well. This is just me ranting for no particular reason.

 

[Jlo85]

I feel like the ROFR thread can be a little extreme, and gives some buyers unrealistic expectations. Remember this board is just a microcosm of the actual market.

 

[tidefan]

There's probably a post on another thread/forum of a seller frustrated about these buyers lowballing his/her contract like they're in an urge to get rid of it

Funny you mention this. We were actually considering listing one of our contracts (VGF). After reading through this thread, we’ve decided just to hang on to them and use them as SAP if we can’t get deluxe studios.

 

[tom1944]

I feel like the ROFR thread can be a little extreme, and gives some buyers unrealistic expectations. Remember this board is just a microcosm of the actual market.

That is true but the 5 BLT contracts I bid on are all still on the market.

 

[DonMacGregor]

I think part of the issue is the "you won't know until you try" mantra of the resale boards. By this I mean, you could, for example, have a number of contracts for XYZ Villas listed at $150 per point, to which many will apply the aforementioned strategy and try to offer $5, $10, or even $20 below list price because "you never know, and if you keep trying, sooner or later someone will say yes". Then someone DOES say yes and possibly another, and NOW, the "market" price in some minds (because look at the ROFR thread) is $130 per point. Rinse and repeat, and you have people applying the mantra and offering $110 on an already downward adjusted $130 per point contract (or even one that the seller hasn't moved off their original list price because it's not that old) and finding "recalcitrant" sellers.

Now, in the current market, downward pressure should be expected, compared to last year's very bullish market, and I'm not saying this applies to anyone in particular or specifically in this thread, but I can see the exuberance to get that "sweet deal" driving offers well ahead of where natural downward pressure may take the market.

Just a thought.

 

[Cfabar1]

I keep running into Sellers and brokers unwilling to come down on prices at all. They seem to completely ignore the fact that the market isn’t doing what they want it to do and won’t accept any currently reasonable offer.

Anyone else experiencing this?

My advice… scour the sites and try to get postings when they first appear. If a posting has been up since October, there’s a high likelihood they are just not that interested in selling and have received many offers.

My other piece of advice, if someone is offering a really high price point, don’t bother. If they’re already asking $20 more per point for the going rate and there are other similar contracts around, you’re unlikely to get them to move all the way to where you want to be.

Be patient… it may take weeks or months. Or, your prices might need to be adjusted a little bit. I personally think $60 is reasonable for HHI… I don’t think many people view it that way.

Also, just because you see one price listed here as ROFR, doesn’t mean everyone is willing to sell at that price point… Let’s see how many AKV contracts really do go for $90… one sale does not create a trend.

 

[cvjw]

We have one contract left at BWV. We are toying with the idea of selling it and being done with DVC. We purchased these points 15 years ago for $73 a point. We could sell low and still turn a profit. But, we don’t need to sell. There are probably other owners like us - would like to sell, but don’t need to sell. I probably would not agree to a low ball offer - I would just keep them. They could be rented out for profit.

 

[AnnaKristoff2013]

I keep running into Sellers and brokers unwilling to come down on prices at all. They seem to completely ignore the fact that the market isn’t doing what they want it to do and won’t accept any currently reasonable offer.

Anyone else experiencing this?

Make more offers and move on. It’s a buyers market. It’s not worth getting caught up over rejected offers.

 

[Chili327]

We have one contract left at BWV. We are toying with the idea of selling it and being done with DVC. We purchased these points 15 years ago for $73 a point. We could sell low and still turn a profit. But, we don’t need to sell. There are probably other owners like us - would like to sell, but don’t need to sell. I probably would not agree to a low ball offer - I would just keep them. They could be rented out for profit.

Also yep another factor of what the "value" is to each individual. Some people paid much less than others, & some may need the money more than others, you never know what the situation is, but overall the market will fluctuate based on how many deals are made by two sides that come together.. some higher, some lower, all "worth it".
I just hope I can come together with another party and make a very good deal.

 

[RoseGold]

Then someone DOES say yes and possibly another, and NOW, the "market" price in some minds (because look at the ROFR thread) is $130 per point.

Yes, that's the point. If someone says yes, that's the market value for that thing.

It's a buyer's market right now. I don't see any issue putting out a ton of offers, and I wouldn't take rejection personally. Especially now, when the market seems to keep declining. There are still motivated sellers, and you only need one. And a motivated seller in a declining market is not in a good spot.