Is this a good deal or keep negotiating?

[Ike&Jakesmom]

We made an offer yesterday on an Old Key West resale, it is 210 point March use year. It has 59 points now and all points in 2012. They wanted $59/ point, we offered $50/ point and seller to pay closing cost. I got a call this morning that they counter-offered, $56/ point and them to pay closing cost. Should I keep negotiating, take the offer, or stick to my original offer. New to this, seems contracts are passing ROFR for anywhere from $45-$60/ point! HELP!!!!!!

 

[twinklebug]

We made an offer yesterday on an Old Key West resale, it is 210 point March use year. It has 59 points now and all points in 2012. They wanted $59/ point, we offered $50/ point and seller to pay closing cost. I got a call this morning that they counter-offered, $56/ point and them to pay closing cost. Should I keep negotiating, take the offer, or stick to my original offer. New to this, seems contracts are passing ROFR for anywhere from $45-$60/ point! HELP!!!!!!

Have you taken a look at the ROFR thread and determine how close you are to where Disney's buying back the OKW contracts? I wouldn't get too close to that point.

 

[thepops]

you could split the difference and go $53.

 

[kespo]

Have you taken a look at the ROFR thread and determine how close you are to where Disney's buying back the OKW contracts? I wouldn't get too close to that point.

Where can you find ROFR thread?

 

[twinklebug]

Where can you find ROFR thread?

It's over on the DVC-Operations board > Anyone made it through (or not made it through) ROFR recently? - Section IV

You'd want to look for "Donald is #1"'s newest listing. The Passed contracts are at the top, the ROFR'd ones at the bottom. Each section is in old to new order.

I just glanced for Ike&JakesMom and there's not too much info there for OKW.

 

[kespo]

thanks twinklebug!! I will check it out.

 

[Mtnman44]

If it were me, for a single contract that large, I would stay with a cheap offer. If they won't sell for 50, move on to the next one. Is this an extended OKW or a standard 2042 contract? If Extended + $4

...just my opinion.

 

[kespo]

OP- When does the contract you are bidding on end?

 

[dizfan]

Another good thread to look at is wdrl's thread on contracts Disney has reacquired each month....

http://www.disboards.com/showthread.php?t=2529191

Specifically look at post 130 for last month...
http://www.disboards.com/showpost.php?p=42843293&postcount=130

 

[BWV Dreamin]

I would bid in the 40's. I just had an offer accepted that's in ROFR now for VWL 150 pt contract all 2011,2012,2013 points for $52/pt.
Buyer closing, seller 2011 MF's.

 

[KAT4DISNEY]

Personally I would do no less than counter back with the original offer and if they don't accept look for a different contract. The contract is a bit stripped - ie, you aren't getting all of the current year points. What's happening with the MF's on the 2011 points?

The rub is that DVC has ROFR'd a few OKW contracts at lower prices but I'd still go for it and if DVC takes it back then look for a different one.

 

[nickspace]

Hold firm.

 

[Ike&Jakesmom]

OP here, thanks for all the advice. I was thinking to hold at my offer,but really wanted some other opinions. The contract is an original contract, expires in 2042, no mf until 2012.

 

[BUDDYBEAR]

good luck

 

[maburke]

If you go with this contract, make sure they bank the 2011 points by Oct. 31! (It's unlikely you would close in time to get a reservation before they expired at the end of Feb.)