NEW Rejected Offers Thread

[jolynne28]

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

Any luck on your RIV search?

 

[AstroBlasters]

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.

Yeah, I was looking at it from a ppp & asking seller to pay the 24 and 25 dues.

People can offer whatever they want, but those small contracts will eventually sell.

 

[PlutoNotPlanet]

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

Since there are a lot of SSR resales, it's fair to wait. Unless it's a loaded contract

 

[hhisc16]

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...

I see the HHI prices declining.
Still higher than VB, but lower than OKW 42, BRV, BWV, BCV.

 

[RMDVC24]

Yeah, I was looking at it from a ppp & asking seller to pay the 24 and 25 dues.

People can offer whatever they want, but those small contracts will eventually sell.

it's been sitting there for awhile. I thought I'd take a shot. I don't need the points, so I would only buy them on my terms. No hard feelings on my end. The seller can wait for someone to offer what they want. Like you said, it will sell eventually.

 

[PlutoNotPlanet]

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.

Unless it's a stripped contract, asking seller to pay dues is not much different from lowering the price. (Perhaps) lowering the price is actually better because that might lower the listing fee...

 

[Sprinkles&Sprints]

Any luck on your RIV search?

Nope. Nothing close

 

[jolynne28]

Nope. Nothing close

I had a broker remind me that some sellers have mortgage balances to consider. I said I completely understood that, but that RIV was probably the riskiest resale purchase b/c no one knows how the restrictions will affect booking down the road and that I was trying to find a price where I could justify that risk.

 

[Jimmy Geppetto]

I had a broker remind me that some sellers have mortgage balances to consider. I said I completely understood that, but that RIV was probably the riskiest resale purchase b/c no one knows how the restrictions will affect booking down the road and that I was trying to find a price where I could justify that risk.

Sounds like a seller problem not a buyer one.

 

[jolynne28]

Sounds like a seller problem not a buyer one.

Yeah, I do feel for people that get into a bad financial spot, but I'm not paying for it. Since I've been tracking RIV resale on the comptroller site I've noticed quite a few foreclosures. I haven't kept a count, and I'm not sure if what I'm seeing is in the normal range for DVC.

 

[atthebeachclub]

Sounds like a seller problem not a buyer one.

100%. I don’t consider someone else’s financial position when buying something from them because that’s not my business.

 

[Cfabar1]

Yeah, I do feel for people that get into a bad financial spot, but I'm not paying for it. Since I've been tracking RIV resale on the comptroller site I've noticed quite a few foreclosures. I haven't kept a count, and I'm not sure if what I'm seeing is in the normal range for DVC.

could it also be the timing of when contracts werepurchased? I wouldn't be surprised if peak foreclosures happen around year 2 or 3 of any resort.

 

[jolynne28]

could it also be the timing of when contracts werepurchased? I wouldn't be surprised if peak foreclosures happen around year 2 or 3 of any resort.

Very possible, I didn't look into it at all, just remember being a little surprised at the volume. I've never tracked pricing through the comptroller this thoroughly, and definitely not on a resort in active sales.

 

[epcothotel]

Resort: BLT
Contract Size: 60 (stripped)
Asking: $137
Offer: $125
Counter: $133

Resort: AKV
Contract Size: 100 (stripped)
Asking: $103
Offer: $95
Counter: $100

Resort: BRV
Contract Size: 40 (stripped)
Asking: $125
Offer: $75
Counter: (none lol)

Finally got a BLT at $128pp for 60 points

 

[Girlstar30]

Resort: BLT
Contract Size: 60 (stripped)
Asking: $137
Offer: $125
Counter: $133

Resort: AKV
Contract Size: 100 (stripped)
Asking: $103
Offer: $95
Counter: $100

Resort: BRV
Contract Size: 40 (stripped)
Asking: $125
Offer: $75
Counter: (none lol)

Finally got a BLT at $128pp for 60 points

Good job! Congrats!

 

[LavaMama]

Is there a compiled list of the current rejected offers thread, like this old one? https://www.disboards.com/threads/rejected-offers-thread.3922565/

 

[Sandisw]

Is there a compiled list of the current rejected offers thread, like this old one? https://www.disboards.com/threads/rejected-offers-thread.3922565/

Unfortunately it became a bit too much for me to keep up with.

I am working on potentially finding a way to just do it by resort, size and rejected and see I can manage that!

 

[kevtlas]

Resort: SSR
Contract Size: 350
Asking: $94
Offer: $85.71, Seller pays 2025 MF and fees. Buyer pays closing.

Resort: SSR
Contract Size: 210
Asking: $100
Offer: $78.57, Seller pays 2025 MF and fees. Buyer pays closing.
Seller Counter: $90
Buyer counter: $85 seller pays 2025 MF, closing and all fees.

 

[kevtlas]

Resort: SSR
Contract Size: 200
Asking: $120
Offer: $82.00
Counter from seller: $115

Resort: AKV
Contract Size: 220
Asking: $100
Offer: $84.09

 

[pzw90]

Resort: SSR
Contract Size: 200
Asking: $120
Offer: $82.00
Counter from seller: $115

Resort: AKV
Contract Size: 220
Asking: $100
Offer: $84.09

Just curious where you are getting the oddly specific offer price of 84.09. Getting a round number after title fee and dues reimbursed?