NEW Rejected Offers Thread

[gvel]

It’s similar to listing something for $1 on eBay instead of just a “Buy It Now” price.

$1 can get a lot of people emotionally invested in winning whatever it is and that may bid up the price, but there is no guarantee it will sell for higher than a set “Buy It Now” price.

Very different. To begin ebay is an auction website and you're aware of what others are bidding too.

 

[AstroBlasters]

As a follow up, I hypothesize that there are a lot of people on here who would describe themselves as “not really needing points”, but who track resale prices and put in extremely low offers and justify it by saying “I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

As a broker, listing a contract at a low price is a good way to get lots of “price alert” notifications sent out and then do some price discovery to see how many (not all) of those buyers are actually willing to go.

Very different. To begin ebay is an auction website and you're aware of what others are bidding too.

This is why I said “similar” and not “exactly like”.

eBay is not always an auction site. They have a LOT of goods on there now that only have a “Buy It Now” price.

 

[airjay75]

“I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

Fact check: True. Very true.

 

[gvel]

As a follow up, I hypothesize that there are a lot of people on here who would describe themselves as “not really needing points”, but who track resale prices and put in extremely low offers and justify it by saying “I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

As a broker, listing a contract at a low price is a good way to get lots of “price alert” notifications sent out and then do some price discovery to see how many (not all) of those buyers are actually willing to go.


This is why I said “similar” and not “exactly like”.

eBay is not always an auction site. They have a LOT of goods on there now that only have a “Buy It Now” price.

Sure you can buy things "now" like amazon on ebay, but it origins are significant portion of the platform is auction based. My main issue is more of a matter of disclosure.

 

[AstroBlasters]

Sure you can buy things "now" like amazon on ebay, but it origins are significant portion of the platform is auction based. My main issue is more of a matter of disclosure.

Yeah, that’s fair…. but the real world is messy.

I have sniped some other people’s resale contracts a few times where they went in with an offer and before they had a chance to accept a broker’s counter the broker let me know what the buyer was willing to accept and I snagged it.

If this “teaser price, bidding war” system was in place then I may not have gotten it because then other buyers would have been engaged and likely would have had a higher floor than I did.

 

[Cfabar1]

As a follow up, I hypothesize that there are a lot of people on here who would describe themselves as “not really needing points”, but who track resale prices and put in extremely low offers and justify it by saying “I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

Count me among these people. I have enough points for 2026 and 2027, but my somewhat “less DVC interested spouse” has recently declared we are done with 1 BRs, and only 2 BRs moving forward… meaning sometime between now and 2028, I need some more points….

In fact, I have a deadbeat offer I recently placed, and if/when I hear it is rejected I will let you know.

When my somewhat “less DVC interested spouse” sees how much that will cost, I’ll be curious whether we go ahead with it and buy all the points, no longer stay at the Grand, or do a shorter stay at the Grand, or some combination therein.

 

[Brian Noble]

That’s if you trust they aren’t “manufacturing” the bidding war. As in making it up to get higher bids.

Who cares? Make an offer. If the response is "give us your best and final," then that's what I'd do. Maybe I've already done that. Maybe I'd go a little higher. Depends on the situation.

I recall there being some dispute about the legal status of most of the brokers, whether they were acting as sellers agents vs. dual agents. But, at the end of the day, they are working for the sellers, not the buyers. That's because they are paid on commission, and are therefore incentivized to obtain the best price from the seller's perspective. The seller may have different goals---for exmaple, the seller may want to sell as quickly as possible. In the "sell as quickly as possible" case, this is a pretty good strategy to also maximize the return for the seller.

 

[jcolvin5]

That’s if you trust they aren’t “manufacturing” the bidding war. As in making it up to get higher bids.
Either way, I’m just making my offer with the idea of accepting a certain price with a counter.

In most business transactions, there’s an expectation of good faith or fair dealing, which is meant to protect both sides by prohibiting material misrepresentation. Whether that concept meaningfully applies to timeshare resale contracts, I honestly don’t know. Either way, I’m approaching this by deciding the price I’m willing to accept and structuring my counter accordingly.