NEW Rejected Offers Thread

[DoubleBaconBLT]

Oh I'm glad you shared on that one. I saw it and thought... hmm... It was very tempting, but now that makes way more sense what was going on.

I also submitted a full price offer on it. I doubt I'll even hear back though because it was only full price.

 

[Mouseforward]

I also submitted a full price offer on it. I doubt I'll even hear back though because it was only full price.

I would not worry, just like when they were doing that with houses, or when they were doing that with cars… it’s usually a sign that we’re at peak bubble. In six months, sellers may be begging for offers.

 

[Cfabar1]

Resale inventory is apparently low right now. At least at the board sponsor. That’s part of the reason why.

 

[HyperspaceMountainPilot]

Resale inventory is apparently low right now. At least at the board sponsor. That’s part of the reason why.

So I hear, but the main resort I’ve been looking at (BCV) seems to be steady or up?

 

[MarkNC2Disney]

Resale inventory is apparently low right now. At least at the board sponsor. That’s part of the reason why.

Yeah https://www.dvcforless.com/ is showing just over 800 contracts. Seems like normal is usually more like 1K-1200 I think.

 

[DoubleBaconBLT]

Yeah https://www.dvcforless.com/ is showing just over 800 contracts. Seems like normal is usually more like 1K-1200 I think.

This summer, it peaked at about 1600 IIRC.

 

[Chili327]

I would not worry, just like when they were doing that with houses, or when they were doing that with cars… it’s usually a sign that we’re at peak bubble. In six months, sellers may be begging for offers.

Good to hear, I should be ready by spring!!

Resale inventory is apparently low right now. At least at the board sponsor. That’s part of the reason why.

Plenty of fish in the sea.

 

[PlutoNotPlanet]

Yeah https://www.dvcforless.com/ is showing just over 800 contracts. Seems like normal is usually more like 1K-1200 I think.

Wow, I remember it was 1400 a couple months ago.
I wonder if at least part of this is seasonality? People don’t want to pay 2025 due have sold their contract or decided to rent instead. Also, the holiday season is coming that many contracts have upcoming reservations on them

 

[PlutoNotPlanet]

This one is less of a broker situation and more of a seller decided to do this.

I thought there is no broker behind this platform, because it allows direct message to the seller. Apparently, I am wrong. Even if it’s a strategy, not the seller no knowing the market value, it’s a rare pricing strategy for BCV

 

[VGCgroupie]

I thought there is no broker behind this platform, because it allows direct message to the seller. Apparently, I am wrong. Even if it’s a strategy, not the seller no knowing the market value, it’s a rare pricing strategy for BCV

That’s what I thought to until I bid. It’s more of someone acts as an intermediary, but it’s not the same type of broker situation as companies like the board sponsor.

 

[Brianstl]

Resort: BCV
Contract size: 100
Asking: 100
Rejected: 100
Counter: "Hello, thank you for your offer. The seller has received multiple offers, all at a similar price point. The seller has asked all interested parties to submit their highest and best terms by today at 6pm EST."

Saw that a mile away.

That is a game no one should play.

 

[Brianstl]

Wow, I remember it was 1400 a couple months ago.
I wonder if at least part of this is seasonality? People don’t want to pay 2025 due have sold their contract or decided to rent instead. Also, the holiday season is coming that many contracts have upcoming reservations on them

It is all seasonal. Like you said, two big things will happen to spike inventory as we get to the end of the year. The biggest will be dues notices. You, also, will have vacations booked for this time of the year being used and people selling. It isn't just normal members using their points. Will see a ton of now stripped contracts from brokers who were holding on to waiting to use the points for their vacation rental side of the business. October-New Year's Day is the highest profit time for them.

 

[Cfabar1]

I also think a big reason why contracts are not as prevalent right now is those who bought at peak prices see where they are, and don't want to offload right now...They're seeing their $200 bay lake tower contract isn't worth what it once was....

 

[mkatsy]

I also think a big reason why contracts are not as prevalent right now is those who bought at peak prices see where they are, and don't want to offload right now...They're seeing their $200 bay lake tower contract isn't worth what it once was....

I agree … I think people have enjoyed gains when selling their contracts for so long that they seem to have decision paralysis when faced with selling at a lower than expected price. I doubt waiting it out is going to help this situation. I’m no economist, but I don’t see anything around me getting cheaper. The pool of buyers willing to splurge on a luxury purchase is going to shrink and these folks will regret sitting on their contracts.