NEW Rejected Offers Thread

[Brian Noble]

I would not try to time the market, personally. I'm never right. I also would not necessarily worry about getting the absolute bottom-dollar price if there's a contract that was an ideal fit.

 

[ChipTheRescueRanger]

For me the SSR calculus is this - do I want to buy another low priced, low MF contract at a place I typically never stay and simply hope I can use the points elsewhere (and honestly, this mostly has worked out in the past), or do I want to pay more (or have less points) at place where I really like to stay (typically MK area)? The one SSR contract I bought--and might now sell--I got for $70pp.

I think this is my issue. I want a DVC contract and SSR at under $90 is tempting as would use June-August. So maybe a bit more choice. Im sure id be happy to stay at SSR for a week or so.

Id love CCV just not sure I could afford it.

 

[purplehaze9414]

Resort: ssr
Points: 160
List: $104 pp
Offer: 88
Counter: 95

Idk what to do i found a 150 contract that's $1000 cheaper is the 10 points per year worth it and is 95 still to much

 

[Steelers0854]

Resort: ssr
Points: 160
List: $104 pp
Offer: 88
Counter: 95

Idk what to do i found a 150 contract that's $1000 cheaper is the 10 points per year worth it and is 95 still to much

IMO this is all dependent on you, what rooms do you ant to book and where? How many points do you think you’ll need? Are you banking and borrowing or are you using them all in the same UY? Are they SAP or are you going to stay there?

Depending on those answers the only other question I would ask yourself is are you comfortable paying what the counter offer is. If the answer is yes and your re good with the above questions then go for it. Youll drive yourself nuts trying to time the market. Make the buy you like and the rest is what it is.

 

[ChipTheRescueRanger]

I need to remember when seeing an ok deal on Fidelity that there is the admin fee what adds a dollar or two on the the price per point.

 

[purplehaze9414]

I need to remember when seeing an ok deal on Fidelity that there is the admin fee what adds a dollar or two on the the price per point.

Did you buy the 160 ssr in fidelity with 320 points plus this years?

 

[ChipTheRescueRanger]

Did you buy the 160 ssr in fidelity with 320 points plus this years?

No was sold at full asking before I put an offer in. Seen a few 160 - 320s go for around $95. But im allways too late. damn time zones.

 

[jcolvin5]

Resort: BLT
Points: 160
List: 123
Offer: 123

Broker responded that they have multiple offers on this contract and that it would be selling over the list price. Anyone else have that happen to them? First for me. I passed.

 

[fflmaster]

Damn, over list price. That’s a first for me seeing that.

 

[jcolvin5]

Damn, over list price. That’s a first for me seeing that.

I had another broker once tell me that he, personally, takes the first full price offer that he receives (phone, email or text). That was for small contract, but I am a little surprised they can collect offers and essentially have them bid higher...for a timeshare anyway.

 

[Brian Noble]

Broker responded that they have multiple offers on this contract and that it would be selling over the list price. Anyone else have that happen to them? First for me. I passed.

I saw that listing and thought it was surprisingly low. I am not surprised it is going for a little more.

 

[AstroBlasters]

Resort: BLT
Points: 160
List: 123
Offer: 123

Broker responded that they have multiple offers on this contract and that it would be selling over the list price. Anyone else have that happen to them? First for me. I passed.

It happened to me once and I also passed.

I don’t see an issue with it if all of the offers are coming on the first day it’s listed. It’s just additional price discovery.

 

[JackosinDIS]

I have put in an offer above list price before, where it was an insanely good deal to start with and I knew that it would get the contract.

 

[Disfamwa]

I have put in an offer above list price before, where it was an insanely good deal to start with and I knew that it would get the contract.

Totally agree with this. If you know the price is very very low, sweeten the pot a little so the seller isn’t looking at 5 offers that are exactly the same.

 

[HyperspaceMountainPilot]

I saw that listing and thought it was surprisingly low. I am not surprised it is going for a little more.

I agree but I think it’s amusing because there are a number of folks scoring sub $120 on contracts that hang around for weeks above $140, but pricing more aggressively will net this reasonable seller an extra $10/pt or so and a faster sale.

Of course this new BLT bidding war would break out just as I realized I might want BLT for SAP+.

 

[jcolvin5]

Resort: BLT
Points: 160
List: 123
Offer: 123

Broker responded that they have multiple offers on this contract and that it would be selling over the list price. Anyone else have that happen to them? First for me. I passed.

Circling back to this...the broker could not disclose the per point that it sold for, but did say that there were 4 offers above listing and the seller accepted one of them.

I don't think I'll regret not bidding for this one, but at least I'll expect a potential bidding situation next time.

 

[atthebeachclub]

Circling back to this...the broker could not disclose the per point that it sold for, but did say that there were 4 offers above listing and the seller accepted one of them.

I don't think I'll regret not bidding for this one, but at least I'll expect a potential bidding situation next time.

I think this listing agent will purposefully price low on certain contracts to encourage bidding wars. Which is kind of funny because DVC is basically the ultimate economic commodity. One point is as good as another at seven months out. And at 11 months, they are equal with all others for the resort and use year.

 

[HyperspaceMountainPilot]

Circling back to this...the broker could not disclose the per point that it sold for, but did say that there were 4 offers above listing and the seller accepted one of them.

I don't think I'll regret not bidding for this one, but at least I'll expect a potential bidding situation next time.

My educated guess is that it went close to $125, maybe as high as $129, I think if it went a lot higher they would have given you more color “it went significantly higher” or “it went in/near the 130s.” OTOH, I really don’t understand how the minds of many of these brokers work.

 

[jcolvin5]

I think this listing agent will purposefully price low on certain contracts to encourage bidding wars. Which is kind of funny because DVC is basically the ultimate economic commodity. One point is as good as another at seven months out. And at 11 months, they are equal with all others for the resort and use year.

My educated guess is that it went close to $125, maybe as high as $129, I think if it went a lot higher they would have given you more color “it went significantly higher” or “it went in/near the 130s.” OTOH, I really don’t understand how the minds of many of these brokers work.

That's really where I draw a line in the sand. There is just too much behind the curtain that I'm not privy to, so I didn't increase my bid. Not into playing games with a broker.

I'm ok with losing a good contract. Tons of them out there.

 

[ChipTheRescueRanger]

FFS with how poor the British pound has got in the last week. It's near enough killed my DVC dream at current prices.

The currency difference means I need to even lower my low balls to make up for how much I have lost!