New to resale purchasing

[4mcbjCtr]

I am hoping to get some help with purchasing resale. I have been watching the market for awhile and have so many questions. I have used this board for lots of info, so hoping to get your help again.

We are ready to purchase a resale contract. We already have our direct benefits, so for sure want resale. We don't care where we stay, so are going after SSR for price and cost of dues. We also love it there, so are buying where we are okay staying. We want 100-150 points and are really hoping to get a loaded contract or at least this year's points. We are also trying to get a good deal, and aren't in a rush.

Here are my questions:

How do you know how much to offer on an SSR contract in the 100-150 point range?

Am I looking for new contracts or ones that have been on the market for awhile?

How do you find the good ones?

Do I need to offer full price for a loaded contract? Are they competitive like that?

I know dues and closing costs are negotiable. Are sellers usually willing to negotiate on these, if I were to offer full price per point?

I don't even know where to get answers to all these questions. I probably have a bunch of other questions too, so please add anything that may be useful. The brokers i have talked to represent the seller and buyer, so obviously aren't going to get me the best deal. I need help from the experts. Or for someone to just find me that perfect contract. please help me save some money. The price of those mickey ice cream bars is getting expensive.

Thanks so much.

 

[RuntheMouse]

https://www.dvcforless.com/

Great place to start browsing.

My best deals were on loaded contracts, never paid asking price.

 

[CastAStone]

How do you know how much to offer on an SSR contract in the 100-150 point range?

I would start with looking at other recently accepted offers in the ROFR thread on this board.

You could also look at Fidelity’s monthly blog post on average price per point for accepted contracts, which you can find here: https://www.fidelityrealestate.com/blog/august-2024-average-dvc-resale-price-per-point/

DVC Resale Market does a similar analysis each month but what’s nice about the Fidelity one is that they break it down by contract size.

Most contracts are sold stripped (no current year points), if the contract has current year points add a couple dollars, if it has banked 2023 points add roughly another few bucks, if it is stripped of next years points subtract $12 (at least).

Am I looking for new contracts or ones that have been on the market for awhile?

It’s hard to say who will take the best deals, but I’d definitely start with the newest ones or any marked price reduction

How do you find the good ones?

Constant checking of every major broker. There’s some aggregator sites as well.

Do I need to offer full price for a loaded contract? Are they competitive like that?

No! Figure out what you want to pay and offer that and no more. You’re in charge here, not the seller. They have no idea how long they’ll have to wait for another offer.

I know dues and closing costs are negotiable. Are sellers usually willing to negotiate on these, if I were to offer full price per point?

I wouldn’t do that; IMO it makes it too easy for a seller to say “no we’re firm on not paying closing costs but we’ll definitely take your full price” and then you have closed your negotiation window, it’s take it or leave it.

 

[VGCgroupie]

This site compiles deals gotten here. https://www.dvcrofr.com/dis-data/pricing-trends

Also the 1st page post 3 of this thread show many deals gotten by DIS members. https://www.disboards.com/threads/r...ost-for-instructions-formatting-tool.3949208/

 

[AstroBlasters]

I’d mention to consider looking at BLT as a home resort as well.

Many people seem to be getting those contracts at around $120pp, and while the upfront is more…the dues are lower and it has a longer contract life. If you look at the long term cost of ownership the dues will be significantly higher than the initial buy in price.

You also have an extra 6-years of life on the BLT’s which means you could either use, rent, or sell it for longer.

I would also hypothesize that BLT will rent for a premium over SSR, especially after the upcoming refurbishment and all of the new attractions going into Magic Kingdom.

 

[eticketplease]

I’d mention to consider looking at BLT as a home resort as well.

Many people seem to be getting those contracts at around $120pp, and while the upfront is more…the dues are lower and it has a longer contract life. If you look at the long term cost of ownership the dues will be significantly higher than the initial buy in price.

You also have an extra 6-years of life on the BLT’s which means you could either use, rent, or sell it for longer.

I would also hypothesize that BLT will rent for a premium over SSR, especially after the upcoming refurbishment and all of the new attractions going into Magic Kingdom.

I agree 100% with everything except for the last part.

That is only because it is not a hypothesis but a conclusion when looking at the various rental sites paying $2 more a point!!

 

[Chili327]

https://www.dvcforless.com/

Great place to start browsing.

Agreed, start here use the filters to weed out everything that doesn’t fit.

I would start with looking at other recently accepted offers in the ROFR thread on this board.

Maybe check ROFR thread to get an idea before you even go searching for contracts.

This site compiles deals gotten here. https://www.dvcrofr.com/dis-data/pricing-trends

Also this.

I’d mention to consider looking at BLT as a home resort as well.

Many people seem to be getting those contracts at around $120pp, and while the upfront is more…the dues are lower and it has a longer contract life. If you look at the long term cost of ownership the dues will be significantly higher than the initial buy in price.

You also have an extra 6-years of life on the BLT’s which means you could either use, rent, or sell it for longer.

I would also hypothesize that BLT will rent for a premium over SSR, especially after the upcoming refurbishment and all of the new attractions going into Magic Kingdom.

And finally this… I would definitely look into BLT or even CCV after a certain amount of years those dues could save you a lot and you’ll have better resale value if needed.

Even if you want to stay at SSR, you would still be able to.

 

[minniesfriend]

Before we purchased our resale, I spent several months just watching the prices. I agree that Dvcforless.com is a great place to see asking prices.

I also checked the comptroller site to see actual closed prices.

My advice: Become very familiar with the prices and patiently watch. You will see contracts come up that are priced to sell quickly. Be ready to offer ASAP. And I offer asking on these contracts bc they are already priced under the market value and I don't want to lose out for another $1-2. Right now I am waiting to close on $84pp BRV which was asking price.

Good luck!

 

[DVCanadian]

Successful resale purchasers are usually patient (unless you are in a rush).
SSR around 150-160 points is the most common contract for sale
Focus on total price vs price per point.
There are a few contracts in your target area with double points in the current year, I’d aim for one of those even if you pay a bit higher price per point, and then rent all those points to reduce the buy in.

An option vs making an offer on a specific contract is to contact a broker and tell them you want to pay $95 per point for a contract between x and y (or whatever you want to bid). Let them do the work.

You aren’t making friends you are negotiating. If one seller says no, move to the next, there are hundreds of contracts.

More points are better! Good luck

 

[Spinster Travel]

I've purchased several resale contracts ranging from 25/35 points up to 125 points. The only time I ever offered asking price was for one of the small contracts because the listing specifically said that only full asking price would be accepted (standard for small contracts on some brokers sites). As others have said - I spent a good deal of time looking at the ROFR thread to get an idea of what was average based on # of points etc. When shopping for the best contracts - I just stick to the parameters that are important to me.....which is my September UY first, resort and # of points secondary (based on what I'm trying to add on at that time). I do allow myself to be open to any good deal that might pop up though. When I first started years ago - I swore I was in the market for Boulder Ridge and would NEVER buy SSR - welp.....here we are and I have never purchased at BR and own a 35 point SSR contract (because it was a fully loaded contract, priced well and in my UY).

Beware - this level of shopping can lead to countless hours on a Saturday morning lost in details and analysis......and its the most fun!!

 

[4mcbjCtr]

Thank you so much for all of your responses so far. You have provided some new info that will definitely help me in my search. The hunt is fun, but felt so overwhelming at the same time.

 

[AstroBlasters]

Thank you so much for all of your responses so far. You have provided some new info that will definitely help me in my search. The hunt is fun, but felt so overwhelming at the same time.

Also, don’t let Perfect be the enemy of Good.

The majority of the cost of the contract over your ownership will be the dues, not the upfront buy in.

 

[4mcbjCtr]

Any input on a good offer price for SSR, 150 points with 23/24/25 points, March UY?

 

[Chili327]

Any input on a good offer price for SSR, 150 points with 23/24/25 points, March UY?

According to the price tool, $107 but id offer $99 to start.

https://www.dvcrofr.com/dis-data/pricing-tool

But also...

Also, don’t let Perfect be the enemy of Good.

 

[VGCgroupie]

Any input on a good offer price for SSR, 150 points with 23/24/25 points, March UY?

My best advice on this is to make sure that points get banked before contract signing unless you plan to use them for a trip before 03/01/25. It's highly unlikely you will have contract closed and points loaded prior to the banking deadline.

 

[TweedleDum]

Any input on a good offer price for SSR, 150 points with 23/24/25 points, March UY?

The ROFR site gives you a good range: https://www.dvcrofr.com/dis-data/pricing-trends

I'd say anywhere between high $70s and $90 as a starter. Higher cost PP if its loaded, less if it isnt. It never hurts to start low and see what happens, there is lots of SSR out there (although less March UYs than most other months).

 

[lilsonicfan]

Any input on a good offer price for SSR, 150 points with 23/24/25 points, March UY?

Assuming the 2023 points have been banked into 2024... I wouldn't necessarily put a huge premium on those because it's hard to book at WDW when you only have another 5-6 mths to use them. In fact, I would be asking the seller to bank the 2024 points before the Oct 31 banking deadline unless I knew I had a reservation that I could modify to use up the 2023 and 2024 points.

 

[4mcbjCtr]

According to the price tool, $107 but id offer $99 to start.

https://www.dvcrofr.com/dis-data/pricing-tool

But also...

Does the calculator offer fair pricing, good pricing or great pricing? If the asking price of the contract is close to that number, is that a contract worth considering?

 

[VGCgroupie]

Does the calculator offer fair pricing, good pricing or great pricing? If the asking price of the contract is close to that number, is that a contract worth considering?

@Chili327 is nicer than I. Id start in the low 90's. Also remember closing fees, maintenance fees are also negotiable. I look at that when I am making an offer. My most recent having seller pay the fees was equivalent of $16.50pp.

 

[4mcbjCtr]

Is there anyone out there that has a business of shopping resales contracts for people, or is that even a thing? LOL! The broker represents the seller and buyer, so who is looking out for the buyer? Is there a company that does this? I just want a good deal and don't want all the work of looking and negotiating. Hahaha!