Making an offer

[EWL]

OK... still new to resales and learning how things work. If someone has a contract listed but the asking price is $15-20 MORE per point than most other contracts are going for and than recent deals in the ROFR list, is it ridiculous to make an offer that is that much lower?

 

[DVCconvert]

Absolutely not! Make any offer YOU feel comfortable.
The seller will have to decide if he/she is willing to sell.

I've made and got a contract by offering $15 p/p less than the listed price before.

 

[JimMIA]

You could try, but I wouldn't put a lot of hope in such an offer. A seller with that kind of listing may just be out of touch, or they may really not care whether they sell or not. Some sellers are quite firm.

I'd go ahead and give it a shot, but I'd sure have a Plan B if they don't pounce on your offer.

 

[Kidanifan08]

Give it a shot. I would bet that most of the people listing right now are acutely aware of 3/20 and are a little scared. At the same time, I am sure they know what they need to get out of their sale. A low ball bid with an offer to pay MF and closing costs could be a nice approach. It depends on how much you fear 3/20!! Good luck!

 

[DisDad07]

Make an offer, but tell them you want an answer in 48 hours. ( So you can move on and not wait a week or so with no reply. )

 

[JimMIA]

Make an offer, but tell them you want an answer in 48 hours. ( So you can move on and not wait a week or so with no reply. )

Agree. I wouldn't dwell on this particular contract.

If you can get it for a price you're comfortable with, fine. But if not, move on.

Time is of the essence.

 

[DizGirl20]

I saw a contract I really wanted @ AKV. It was listed for $92/point. I offered $75/point (what I paid for my last resale contract). They came back with a counter-offer but it was still too high for me... so I moved on. Now I am in ROFR for a much better contract. Point is: it doesn't hurt to ask and see where things go. People may be listing a little higher to have more room to negotiate? Good Luck.

 

[EWL]

Time is of the essence.

Thanks everyone for the feedback and encouragement. I don't think I have even 48 hours to wait for a response if I hope to buy something and get it submitted by 3/20. It pretty much would need to happen fast, like tomorrow! But there are others that I think would work too-- this one just had the UY I thought would work well, but then again I have to go back and think that through again too. What an education this has been and I can't imagine trying to figure this stuff out with these boards!

 

[jupers]

EWL...I'm glad you've gotten better feedback than I did. To be honest, I posted almost the same question and was called a "bottom feeder" for wanting to offer 15 less than asking price. Anyway, my contract is in ROFR and I'm being very superstitous about saying what I got it for. When/if it passes I will post. Anyway, point is, give it a shot. You never know. I hope you get something in before 3/20 if that's the goal...good luck!!!!

 

[heynowirv]

JUPERS!!!!!!!! . It wasn't because you wanted to offer 15. less pp ,i think it was more your attidtude about it that got most people a little testy.---

It's soo in the past and you're almost home!!!

 

[Buckeye Fan]

EWL...I'm glad you've gotten better feedback than I did. To be honest, I posted almost the same question and was called a "bottom feeder" for wanting to offer 15 less than asking price.

I read your thread and this one, too. I say best of luck to both of you. What you negotiate on a contract is your business, and between you and the seller. Someone always has the option of countering or saying no. In today's market, you never know when you're helping someone out. Someone may be thrilled to off-load a DVC contract for much less to get out from under longer term loan payments and maintenance fees. Or, someone may feel as if they've used the contract for what it's worth and ready to move on, so price may not be a huge factor. Everyone's situation is different.

EWL, good luck in finding the right contract at the right price, and Jupers, hope yours passes!!!

 

[jupers]

JUPERS!!!!!!!! . It wasn't because you wanted to offer 15. less pp ,i think it was more your attidtude about it that got most people a little testy.---

It's soo in the past and you're almost home!!!


Heynowirv...YOU MADE ME LOL!!! So glad you passed!!!! Right behind you.

 

[Joey7295]

I saw a contract I really wanted @ AKV. It was listed for $92/point. I offered $75/point (what I paid for my last resale contract). They came back with a counter-offer but it was still too high for me... so I moved on. Now I am in ROFR for a much better contract. Point is: it doesn't hurt to ask and see where things go. People may be listing a little higher to have more room to negotiate? Good Luck.

Can you share the details of this contract. I am looking for an AKV contract and was just wondering what is a good price.

 

[dbs1228]

EWL...I'm glad you've gotten better feedback than I did. To be honest, I posted almost the same question and was called a "bottom feeder" for wanting to offer 15 less than asking price. Anyway, my contract is in ROFR and I'm being very superstitous about saying what I got it for. When/if it passes I will post. Anyway, point is, give it a shot. You never know. I hope you get something in before 3/20 if that's the goal...good luck!!!!

I honestly think you will be fine passing. A few comments from poster indicate after talking to member administration, that they were passing all resale contracts due to the pending changes, they did not want people missing out on this opportunity. Not sure it is correct but I have not seen any get ROFR in a while.

 

[lowe@massed.net]

OK... still new to resales and learning how things work. If someone has a contract listed but the asking price is $15-20 MORE per point than most other contracts are going for and than recent deals in the ROFR list, is it ridiculous to make an offer that is that much lower?

Here's a tip I haven't seen mentioned. If you're looking at TSS listings, the last part of the ID number is the date the contract was listed. For example: BLT231-06-0215 was listed on February 15. If you see an older contract listed for a higher asking price than most are selling for, it's safe to assume that the seller is staying firm with his asking price and that's why that contract hasn't moved.

The reason I say this is because I made offers on a couple of contracts that were listed back in January. The sellers would not negotiate at all. Those contracts are still there and the price has not changed, so it appears that those sellers are willing to bide their time until somebody offers their asking price.

Now keep in mind that this theory applies only to TSS listings, as that is the only reseller I have dealt with and have been following closely since last December.

So my advice if you want to make an offer significantly lower than the asking price is to bypass the older listings and start with something more recent on the assumption that these sellers might be anxious to move quickly.

I hope this helps and good luck finding a deal that works for you, EWL!

 

[EWL]

If you see an older contract listed for a higher asking price than most are selling for, it's safe to assume that the seller is staying firm with his asking price and that's why that contract hasn't moved.

Thanks for that hint! The listing I was looking at is actually at Fidelity but I know from my printouts that it has been there for nearly a month. Seeing the problems others are having this week with Fidelity, I am now thinking to not bother with it and focus on a couple at TSS instead.

Do people make offers on more than one contract at once? It's just that time is short...

 

[EWL]

Yahoo! We are now "sale pending"!

 

[DVCconvert]

 

[JimMIA]

Yahoo! We are now "sale pending"!

Congratulations!

 

[DizGirl20]

Yahoo! We are now "sale pending"!

Do tell! What resort? Congrats and keep us posted! I am also waiting for a contract to pass thru ROFR...