Is this too price too high? BLT

[minniesfriend]

We put in a bid for 150 points at $147pp at BLT April UY. Asking was $165pp.

I am thinking this may be way too much based on other posts.

Thoughts?

Edit: We own direct with April UY VGF. The BLT contract has banked points and 2023/24 points.

 

[Sandisw]

IMO, a good price for any contract is one that meets your own needs. So, if you think this is that, then you got a good price.

I never used lower prices to make my decisions against a contract that was just what I was looking for when adding on. I paid $152/point for a RIV resale in 2021...it came loaded, was the right size and right UY....it may have been a little on the higher side, but the contract was exactly what I wanted.

In the end, that extra $10 to $20/point I paid for the 125 points...$1250 - $2000...is a drop in the bucket over the life of the contract and my use.....

 

[minniesfriend]

Thank you for your reply.

We based our offer on March 2023's resale report and felt like we did ok! But then I saw a thread and began to compare....

 

[Her Dotness]

I agree with Sandisw.

We bought 150 VGF points barely 2 weeks before VGF2 went on sale. "Ohhhh, NO! Don't buy now!" was the standard advice. People were saying the bottom would drop out of VGF resales once the direct price became known, very bad time to buy. Wait a month or so and you'd see $130-$145 or less for VGF.

Well, that didn't happen for months. Even now, there are only a few VGF contracts around the $140s, most are $30-$50 higher.

And the contract had our February UY, not that often seen in the resales for a price we favored.

If you're happy with the contract and reasonably satisfied with the price (since a plummy one is rare), what anyone else thinks doesn't matter.

 

[tom1944]

I will go check the latest prices on the public record site.

I will give you the last 10 recorded deeds of 100 points or more

 

[tom1944]

We put in a bid for 150 points at $147pp at BLT April UY. Asking was $165pp.

I am thinking this may be way too much based on other posts.

Thoughts?

Edit: We own direct with April UY VGF. The BLT contract has banked points and 2023/24 points.

Here are the most recent recorded deeds for BLT

230 points @ $135
375 points @ $136
100 points @ $156, $150
160 points @ $145, $139, $143, $140, $140
125 points @ $160
300 points @ $145
250 points @ $146
210 points @ $143, $148

These were recorded between April 7 and April 11

 

[Rochester Disney Fan]

BLT's biggest use year is Feb. So any other use year are harder to find. If it fits your needs than you did good.I had to hunt for a Dec BLT use year and although my price was good(140,they were asking 154) the points were a little more than I was looking for (darn).

 

[JenniferParker]

I agree that the price you offer should depend on what you want, when you want it, where you want it, and your personal budget. I would have loved to get BLT, but unfortunately, my budget (because I believe strongly in NO debt and will not finance) has been more in line with the value of OKW and SSR, and only for around 50 points. I lucked up (at least in my opinion) and just signed a contract today for 50 pts at BWV. The offer hasn't even been submitted for the ROFR yet.

 

[intamin]

Thank you for your reply.

We based our offer on March 2023's resale report and felt like we did ok! But then I saw a thread and began to compare....

Do yourself a favor and don’t monitor the ROFR thread for prices unless you’re still looking to buy. Otherwise you’re just setting yourself up for disappointment. I bought AKV at around 110 pp and thought I had gotten a good deal at first but then I saw others go through in low 100s for full points. The fact of the matter is those contracts didn’t really apply to me because they weren’t the UY I needed. The contract I got was the right amount of points I needed because I didn’t want a huge amount of AKV points bc of the dues. Looking back, I didn’t get the best deal, but I know I got what was right for me and picked up AKV at a good time when just a few months ago it was selling for 135+ per point. I imagine BLT is the same for you since not that long ago it was selling in the 160s to 170s.

 

[minniesfriend]

Thank you all for your good advice and tom1944 for looking up those deeds! This is valuable info and makes us feel better about our offer. We'll keep moving forward!

 

[TheLyinKing]

It all depends on your needs (UY, number of points, etc.). Having banked points also helps increase value so that works in your favor. Ultimately the ROFR thread should be used as a starting point. Sometimes people just get lucky or stalk things forever. If you're comfortable paying that price then don't let that thread affect you.

 

[Bearval]

We put in a bid for 150 points at $147pp at BLT April UY. Asking was $165pp.

I am thinking this may be way too much based on other posts.

Thoughts?

Edit: We own direct with April UY VGF. The BLT contract has banked points and 2023/24 points.

I recently put a bid in for a 90 point BLT that had 0 -2022, 180-2023 & 90-2024 points and they were asking $170 per point, they countered my $130 offer at $140. The real question is, were you happy with your offer? is so, no worries.

 

[minniesfriend]

The contract is here, now waiting to be signed. You guys are making some great points - esp as it relates to UY percentages at BLT. Only 5% of the contracts are April. And if it's a buy where you want to stay...well.. we love that location.

But then the other side of my brain says, "Yea...but think of all the points I could get for that same amount of money." Or "I could save $$$ with another resort, same number of points..." But, you all know the drill....

Thank you for all of your thoughts!

 

[intamin]

The contract is here, now waiting to be signed. You guys are making some great points - esp as it relates to UY percentages at BLT. Only 5% of the contracts are April. And if it's a buy where you want to stay...well.. we love that location.

The April struggle is real. I have RIV in an April UY and I'm quite envious of the 25+ Dec UY RIV resales compared to the 2 April UY ones..

 

[Huskerpaul]

But then the other side of my brain says, "Yea...but think of all the points I could get for that same amount of money." Or "I could save $$$ with another resort, same number of points..." But, you all know the drill....

Let's say you could buy the same contract for 150 pts @ $135 instead. Your savings would be $1,800, meaning you could buy another 13.3 pts with the savings. Not even a 10% increase from what you offered. And you will still pay the same MF every year regardless.

 

[sethschroeder]

Always lowball and keep at it until you get the price you want.

If you are in a rush slowly come up off your price.

Note: this doesn't apply if I ever sell. You need to pay top dollar and the broker will tell you incorrectly how it's the best deal of the year and Disboards ROFR thread is wrong hahaha haha

 

[MsChristy12]

The April struggle is real.

I thought I was crazy thinking that, geez I want an April UY and of course there are barely any, just my luck! (for a different resort though, not BLT). I just know there are tons of December, but didn't pay too much attention to all the other months.

 

[intamin]

I thought I was crazy thinking that, geez I want an April UY and of course there are barely any, just my luck! (for a different resort though, not BLT). I just know there are tons of December, but didn't pay too much attention to all the other months.

In hindsight, if you can help it it might be preferable to consider a March UY, I feel like there's better availability of resale contracts in that UY. The only downside IMO is if you cared about going during Christmas then an April UY would be better.

 

[MsChristy12]

In hindsight, if you can help it it might be preferable to consider a March UY, I feel like there's better availability of resale contracts in that UY. The only downside IMO is if you cared about going during Christmas then an April UY would be better.

We kinda do so we will be alternating. At first, I selected 3 UYs that would work for us - April, Oct, Dec. I even made offers on them but none worked out. Then in between, I had a discussion with DH again about the UY and more thoughts on which UY would ultimately works best for us, we decided it's April. That changed things quite a bit!

 

[Bearval]

Always lowball and keep at it until you get the price you want.

If you are in a rush slowly come up off your price.

Note: this doesn't apply if I ever sell. You need to pay top dollar and the broker will tell you incorrectly how it's the best deal of the year and Disboards ROFR thread is wrong hahaha haha

Also don't ever worry about offending the owner with a "lowball" offer. They have 3 choices, accept, counter and decline with no counter. If the broker tells you they were insulted and refused to counter then they really don't want to sell anyway or they are unrealistic in the current value of what they have.