NEW Rejected Offers Thread

[KMacAKV]

Resort: Riviera
Contract Size: 150
Asking: $113
Rejected Offer: $75

 

[jolynne28]

Resort: Riviera
Contract Size: 150
Asking: $113
Rejected Offer: $75

Wow, and I thought I was lowballing RIV. Did they give you any kind of feedback on that other than declining?

 

[kevtlas]

I read this to mean that the seller wanted $106, rejected buyer offer of $95 but countered at $103 and buyer has not accepted.

Plus buyer wanted seller to pay MF and seller wanted buyer to pay…

Ah, I get it now…. not enough caffeine yet. Seller came down $3.

In fairness, I may have had too much coffee when writing this. This was what I meant.

 

[KMacAKV]

Wow, and I thought I was lowballing RIV. Did they give you any kind of feedback on that other than declining?

No feedback or counter. I went in to it expecting a no but figured it was worth a shot since there weren't any points until December 2025 and its Riv resale

 

[jolynne28]

No feedback or counter. I went in to it expecting a no but figured it was worth a shot since there weren't any points until December 2025 and its Riv resale

I offered $95 a few weeks ago with a broker I previously purchased from and she kindly told me good luck with that. The restrictions are rough but I’ll buy for the right price, good on you for shooting your shot.

 

[AstroBlasters]

I offered $95 a few weeks ago with a broker I previously purchased from and she kindly told me good luck with that. The restrictions are rough but I’ll buy for the right price, good on you for shooting your shot.

I think that a $75pp offer might fall in the “wasting people’s time” range…..

 

[Cfabar1]

Looking at some recent HHI prices, I remember a year or two bidding in the 60s and being laughed out of the room...

so glad those sellers said no to me... for both our sakes if they were able to sell...

just goes to show you the market will go where it needs to go...

 

[Chili327]

Resort: CCV
Contract Size: 50
Asking: $155
Rejected Offer: $145

I offered on a similar one (not sure if I had posted it or not),
Offered $115
Countered $147
If it’s the same as the other one below, you’re missing by $2 often.

They rejected $145????? In October, there was a listing with an ASKING price of $113. Needless to say, it sold quickly.

Resort: SSR
Contract Size: 100
Asking: $90
Offer: $88

They wouldn’t go down $2pp?

Crazy talk.

 

[Sprinkles&Sprints]

I offered $95 a few weeks ago with a broker I previously purchased from and she kindly told me good luck with that. The restrictions are rough but I’ll buy for the right price, good on you for shooting your shot.

I’ve been offering $100 on RIV resale and getting shot down regularly…and all of the contracts are still sitting there

 

[jolynne28]

I’ve been offering $100 on RIV resale and getting shot down regularly…and all of the contracts are still sitting there

I’ve been watching that too, at some point the price has to come down.

 

[Blerghityblergh]

I’ve been watching that too, at some point the price has to come down.

I wonder if people figure they can make more renting and holding out for a buyer willing to pay more. So maybe that only leaves buyers very much in need of a big lump of cash. Especially since the contracts have only been around a few years so you’re taking a bath almost no matter what on resale.

I will say that for us, at $110, the restrictions are way too big of a turnoff to buy resale. Is it a relatively large jump to direct even with magical beginnings? Yes, but I think the jump would be warranted for direct benefits plus access to all resorts. So RIV is in this weird place it seems where the value is not what sellers need to sell.

 

[jolynne28]

I wonder if people figure they can make more renting and holding out for a buyer willing to pay more. So maybe that only leaves buyers very much in need of a big lump of cash. Especially since the contracts have only been around a few years so you’re taking a bath almost no matter what on resale.

I will say that for us, at $110, the restrictions are way too big of a turnoff to buy resale. Is it a relatively large jump to direct even with magical beginnings? Yes, but I think the jump would be warranted for direct benefits plus access to all resorts. So RIV is in this weird place it seems where the value is not what sellers need to sell.

I definitely agree that the current resale prices are higher than a lot of people are willing to pay. But I'm also factoring in what we already have and how we use it. We own 50 BWV points and use that for an early summer studio each year. If I add on there to get larger accommodations, even though we could technically trade out to another resort at 7 months, we wouldn't b/c those points are most valuable at BWV, and I have 150 pt SAP to play with. So BWV in a sense is a restricted resort for us.
If we buy RIV resale we're only staying there, and we'd probably use that contract specifically for a non summer time of the year, possibly spring break, which I know is expensive. Once our kids are grown our travel priorities will change. But if the price is fairly comparable, RIV gets me longer DVC time and also the option to sell down the road with some life left on the contract. I'm in the camp that RIV resale will actually go up once the resort is sold out, so I might be inclined to get some points now at a price that I'm comfortable with, then maybe add on BWV in a year or two to bump up our room size.

 

[HyperspaceMountainPilot]

I wonder if people figure they can make more renting and holding out for a buyer willing to pay more. So maybe that only leaves buyers very much in need of a big lump of cash. Especially since the contracts have only been around a few years so you’re taking a bath almost no matter what on resale.

I will say that for us, at $110, the restrictions are way too big of a turnoff to buy resale. Is it a relatively large jump to direct even with magical beginnings? Yes, but I think the jump would be warranted for direct benefits plus access to all resorts. So RIV is in this weird place it seems where the value is not what sellers need to sell.

I’m not sure how easy it is to rent RIV at $20/point or higher, but if you can do that (and I assume you can do better with spec renting standard view rooms), selling for $100 is somewhat like selling a bond with higher than 10% coupon — though there is slightly more effort required to rent the points out… curious to see how the rental market changes with fewer international travelers coming to WDW (and possible DVC crackdown on renting, if the hotel occupancy rates decline).

I won’t buy RIV but if I owned it direct, I probably wouldn’t want to sell under $130 (as long as I could rent it) and if I was interested in staying there regularly) I still wouldn’t buy it resale for more than $90… so as long as the rental market holds up you could just see a very low number of RIV resale transactions.

 

[Unclelude]

I’ve been offering $100 on RIV resale and getting shot down regularly…and all of the contracts are still sitting there

It will be interesting to see what Disney does with ROFR once Riviera sells out...

 

[Seansperry]

Resort: SSR
Contract Size: 160
Asking: $90
Offer: $80

 

[Chili327]

Resort: BLT
Contract Size: 100
Asking: $140
Rejected Offer: $115 (countered at $135)...
-
Resort: BLT
Contract Size: 100
Asking: $140
Rejected Offer: $125 (countered at $130)

Holding at $125... To be continued (hopefully on ROFR thread).

 

[Girlstar30]

Resort: BLT
Contract Size: 100
Asking: $140
Rejected Offer: $115 (countered at $135)...
-
Resort: BLT
Contract Size: 100
Asking: $140
Rejected Offer: $125 (countered at $130)

Holding at $125... To be continued (hopefully on ROFR thread).

I would hold there too, I don't think that's unreasonable

 

[RMDVC24]

Resort: VGF
Contract Size: 40 points
Asking: $184
Rejected Offer: $160
Sellers pays 2024 & 2025 dues

 

[AstroBlasters]

Resort: VGF
Contract Size: 40 points
Asking: $184
Rejected Offer: $160
Sellers pays 2024 & 2025 dues

Given that VGF is getting ROFR’d up, I don’t see sellers being to motivated to move….

 

[Cfabar1]

Given that VGF is getting ROFR’d up, I don’t see sellers being to motivated to move….

I hear you. But. At the same time a lot of small point contracts are just sitting there - or were the last time I checked. I think a number in between the two offers would likely pass ROFR and be a decent win for both parties. But both parties didn’t see it that way apparently.

I don’t know what the UY was but anything maybe other than December - and if the contract was stripped at that - not sure why the seller would agree to paying 2025 dues.