Making an offer tips?

[Adg0428]

Any tips for making an offer? Offer lower per point or ask for closing costs to be covered?

currently looking at BLT. Would snag a Poly if the price was good despite only studio rooms.

 

[CCV]

Generally doesn’t hurt to ask 5% less than asking and for seller to cover closing. They most likely will not cover closing but you will be in the ballpark enough to get a counter.

 

[Adg0428]

Generally doesn’t hurt to ask 5% less than asking and for seller to cover closing. They most likely will not cover closing but you will be in the ballpark enough to get a counter.

Thank you! I just made my first offer for asking price, but with seller covering closing costs and it was denied.

 

[Sandisw]

Just keep trying! You will eventually find an owner who can agree with your offers.

It’s taken me a long time at times to find them!!

 

[FSUSammy]

Thank you! I just made my first offer for asking price, but with seller covering closing costs and it was denied.

Just keep trying lol We made several offers before one was accepted

 

[CookieandOatmeal]

We own at Poly (direct) and BLT (resale). We bought our 100pt BLT in January just as the prices were starting to shoot up. What I think is most important when making an offer is to have a price that you are comfortable paying in mind. Start lower than that and work your way up until you hit your ceiling if the seller is willing to negotiate. Our contract was listed at $165/pt and I started at $145/pt. The seller dropped down to $155/pt and we were comfortable with that price since it wasn't worth losing over a couple of hundred of dollars. We thought about countering at $153. Luckily we did the deal at $155 because that month, everyone basically under $154 was ROFR by Disney!

I mentioned owning at Poly because while we love the resort, it is proving to be a little difficult with all studios since our family expanded to three. Having space in a bigger room is such a plus with an active toddler and a relative tagging along. My son had a blast running in full circles around the 1 bedroom in GF earlier this month.

 

[DisneyGirl1721]

Do you ever try on ones that say only offers that are full price will be accepted ?

 

[kanerf]

I have offered less on the ones that said full price only. I never heard back. The problem right now is that people are asking way too much in many cases. Keep in mind that current direct price for resorts still selling is $201 a point. If you pay any more than that it would be foolish.

 

[Adg0428]

Just keep trying lol We made several offers before one was accepted

I need patience. And your tips lol. You got a good deal

 

[Adg0428]

Do you ever try on ones that say only offers that are full price will be accepted ?

No I havent

 

[FSUSammy]

I need patience. And your tips lol. You got a good deal

LOL I have no advice on patience. I had no patience waiting on our seller to sign the official contract after they agreed to our offer....then had no patience waiting on ROFR to come back and now don't have any patience waiting on our membership number and points to be allocated lol

 

[JETSDAD]

It really depends on what the list price is. If it is listed well then it's going to sell at/near list price....if it's listed above market then there may be more room to negotiate. Don't get caught up on list price or trying to get it for $xx under list and focus on value. If it's a perfect contract for you and listed fairly then be quick to act.

 

[Adg0428]

It really depends on what the list price is. If it is listed well then it's going to sell at/near list price....if it's listed above market then there may be more room to negotiate. Don't get caught up on list price or trying to get it for $xx under list and focus on value. If it's a perfect contract for you and listed fairly then be quick to act.

Thank you. It wasn’t “perfect” but listed pretty fair IMO, but I am new to the resale

 

[Stargazer65]

A look at this might give some insight:
https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-june-2021/

 

[FSUSammy]

A look at this might give some insight:
https://www.dvcresalemarket.com/blog/dvc-resale-average-sales-prices-for-june-2021/

I'd seriously think twice before trusting this. Their data seems to be very skewed. I'd trust the ROFR thread before their average prices list. They constantly told me that they never saw BLT go for the low 160s and I saw MANY of them pass ROFR last month at that price point.

 

[Adg0428]

I'd seriously think twice before trusting this. Their data seems to be very skewed. I'd trust the ROFR thread before their average prices list. They constantly told me that they never saw BLT go for the low 160s and I saw MANY of them pass ROFR last month at that price point.

May I ask what site you used to buy?

 

[FSUSammy]

May I ask what site you used to buy?

I used the Timeshare Store https://www.dvcstore.com for my BLT contract.

 

[pianomanzano]

I'd seriously think twice before trusting this. Their data seems to be very skewed. I'd trust the ROFR thread before their average prices list. They constantly told me that they never saw BLT go for the low 160s and I saw MANY of them pass ROFR last month at that price point.

I agree and I think as with any broker or data source it makes sense to evaluate where the data are coming from. Like that SSR contract for $132 that was taken that one of the brokers reported, would be good to know more context behind that. I'm glad there's a resource like the ROFR thread to show what contracts are actually getting through/taken.

 

[FSUSammy]

I agree and I think as with any broker or data source it makes sense to evaluate where they data are coming from. Like that SSR contract for $132 that was taken that one of the brokers reported, would be good to know more context behind that. I'm glad there's a resource like the ROFR thread to show what contracts are actually getting through/taken.

Exactly! A lot of times they'll say for example the range for BLT is up to 200 but what they aren't telling you is that the 200pp one may have been for something like 50 points on a loaded contract...that kind of stuff matters and the ROFR thread allows you to evaluate that and helps you figure out where you should price your offer at.

 

[Stargazer65]

All of these are just sources to look at for guidelines. Some small loaded contracts sell way above average, bigger stripped sells lower. The amount of data averages that out. The buyer should adjust based on the contract characteristics.
The ROFR thread is good for base pricing expectations, but the data becomes obsolete and that must be taken into account.