Low-balling on Vero Beach Contracts

[CanadaDisney05]

Having trouble really following the ROFR thread. Was wondering if anyone has had any/heard of anybody having luck really low-balling on the Vero Beach/Hilton Head contracts. These seem to be pretty low-desired contracts given the high MF and not being at WDW. I'm sure there would be a point where a low upfront price can outweigh the high maintenance fees.

 

[chicagodisneyguy]

I think as long as you don't mind a getting a decent amount of NO responses, I think they are probably the best properties to lowball. The market is pretty strong at the WDW properties and don' think lowballing those would have much success. But if low balling is going to work, I think you have the best chance at HHI & VB. Worst case you can always increase you bids if you find a contract you really like.

 

[Brett Wyman]

Looking at the various sites sales are going through for VB as low as 57-59 dollars so I wouldn't expect an owner to go too much lower than that.

 

[kniquy]

Owners will pretty much expect to get around what you are seeing for ROFR. Yes it looks like a cheaper resort but the maintenance fees will be the larger portion of your financial responsibility. Plus there is an element of risk with it being on the coast. It could be hit by a hurricane and then have a huge increase in MF for storm damage.

As for low balling -- it can't hurt to throw something out there. Some owners are willing to negotiate. I just bought a poly contract - it was listed for $165 per point, I offered $140 and we negotiated to $145 pp. So you just never know what the seller has going on.

 

[sethschroeder]

Owners will pretty much expect to get around what you are seeing for ROFR. Yes it looks like a cheaper resort but the maintenance fees will be the larger portion of your financial responsibility. Plus there is an element of risk with it being on the coast. It could be hit by a hurricane and then have a huge increase in MF for storm damage.

As for low balling -- it can't hurt to throw something out there. Some owners are willing to negotiate. I just bought a poly contract - it was listed for $165 per point, I offered $140 and we negotiated to $145 pp. So you just never know what the seller has going on.

Was it through a broker and if so who?

 

[kniquy]

Was it through a broker and if so who?

This time was through dvc by resale my previous resale was through the timeshare store. Great experiences with both.

They will present any offer you make to the sellers but the sellers can refuse, counter or accept. It is pretty much like buying a house. what is listed for price isn't necessarily what it will sell for. There is always a typically price for a "neighborhood" such is the same with buying a resale DVC. The only differences between buying a contract at a resort is that the smaller contracts (usually under 100 points) will sell for a higher price per point compared to ones much larger (150+ points).

The ROFR thread is a good starting point. I would look back roughly 6 months at the data. Surprisingly prices per point have increased compared to a year ago. There is another DVC resale site that does a monthly blog of their ROFR data, but i can't remember which one.

 

[Deb & Bill]

Make sure you are buying that offsite resort to stay there and not to try to use at a WDW resort at seven months out all the time. You will be disappointed.