Not ROFR thread - general discussion

[vicarrieous]

SSR. I was so bummed But hope springs anew!

Here's to a better one on the horizon! I am still waiting on ROFR news. I am impressed at your hold out.

 

[pzw90]

So the sponsor has ended their "Red Hot Deals". Have all their prices jumped up since their advertisement was that they were way below market?
Their new shtick is $500-$750 off closing costs. Has anyone used their in-house closing company? Does it happen to be $500-$750 over the competitors? Then again its only on a few listings. Maybe its on their internally held contracts, not sure what the benefit of that would be besides getting more eyes on those contracts. Just speculation.

 

[Chili327]

So the sponsor has ended their "Red Hot Deals". Have all their prices jumped up since their advertisement was that they were way below market?
Their new shtick is $500-$750 off closing costs. Has anyone used their in-house closing company? Does it happen to be $500-$750 over the competitors? Then again its only on a few listings. Maybe its on their internally held contracts, not sure what the benefit of that would be besides getting more eyes on those contracts. Just speculation.

Red Hot Deals are a percentage off their average, not the average of all sales in the D.V.C universe. And their avg is higher than most, so if it's 15% off, its really more like less than 10% off, but that doesn't mean you find a contract that fits the bill.
Not sure if its because I don't buy big contracts or not, but I've never seen closing costs higher than $7-$800-ish.

 

[Jimmy Geppetto]

So the sponsor has ended their "Red Hot Deals". Have all their prices jumped up since their advertisement was that they were way below market?
Their new shtick is $500-$750 off closing costs. Has anyone used their in-house closing company? Does it happen to be $500-$750 over the competitors? Then again its only on a few listings. Maybe its on their internally held contracts, not sure what the benefit of that would be besides getting more eyes on those contracts. Just speculation.

Their in-house closing company (Magic Vacation Title) is highly over priced. Based on my experience with them I would rate them as the worst title company to work with.

Title companies I would highly recommend are TRCS, Mason and DVC Closings.

 

[SheSingsAlong]

Their in-house closing company (Magic Vacation Title) is highly over priced. Based on my experience with them I would rate them as the worst title company to work with.

Title companies I would highly recommend are TRCS, Mason and DVC Closings.

Speaking of this, if I'm paying the closing costs I should be allowed to choose the title company yes? Is that a legal thing or just "best practice" - Does anyone know? I really don't want to work with Magic Vacation Title and a buyer accepted my offer yesterday, so I've started getting all the documents and such today.

 

[Jimmy Geppetto]

Speaking of this, if I'm paying the closing costs I should be allowed to choose the title company yes? Is that a legal thing or just "best practice" - Does anyone know? I really don't want to work with Magic Vacation Title and a buyer accepted my offer yesterday, so I've started getting all the documents and such today.

Whoever pays closing costs picks the title insurer.

You pay. You pick.

 

[HyperspaceMountainPilot]

Looking at the ROFR thread, does anybody else think AKV may be benefitting from the dearth of SSR contracts under $100? My take is that if people are looking to pay nearly $100 for SSR, they may as well a little more for a home resort that can demand a home priority premium.

I also wonder if people think it will be at a premium for rentals for a year or two after Tropical Americas opens.

 

[jolynne28]

Looking at the ROFR thread, does anybody else think AKV may be benefitting from the dearth of SSR contracts under $100? My take is that if people are looking to pay nearly $100 for SSR, they may as well a little more for a home resort that can demand a home priority premium.

I also wonder if people think it will be at a premium for rentals for a year or two after Tropical Americas opens.

I have been thinking the same, and definitely once the refurb is complete there will be a bump. If the mfs were a little less I’d consider it for SAP. I do like the 2 bath in the 1 br.

 

[vicarrieous]

Looking at the ROFR thread, does anybody else think AKV may be benefitting from the dearth of SSR contracts under $100? My take is that if people are looking to pay nearly $100 for SSR, they may as well a little more for a home resort that can demand a home priority premium.

I also wonder if people think it will be at a premium for rentals for a year or two after Tropical Americas opens.

I don't think Tropical Americas is driving it. My guess is the lower cost per point coupled with the refurb on the horizon.

 

[VGCgroupie]

Looking at the ROFR thread, does anybody else think AKV may be benefitting from the dearth of SSR contracts under $100? My take is that if people are looking to pay nearly $100 for SSR, they may as well a little more for a home resort that can demand a home priority premium.

I also wonder if people think it will be at a premium for rentals for a year or two after Tropical Americas opens.

I think so since I have been of the opinion that lately many are overpaying for AKV

 

[Chili327]

Looking at the ROFR thread, does anybody else think AKV may be benefitting from the dearth of SSR contracts under $100? My take is that if people are looking to pay nearly $100 for SSR, they may as well a little more for a home resort that can demand a home priority premium.

I also wonder if people think it will be at a premium for rentals for a year or two after Tropical Americas opens.

I have been thinking the same, and definitely once the refurb is complete there will be a bump. If the mfs were a little less I’d consider it for SAP. I do like the 2 bath in the 1 br.

I would love to add on more AKV, but it just doesn’t make sense since I would always want savanna view and it’s mostly available at 7 months… and the dues. So it just still makes more sense to go BLT or CCV.

 

[VGCgroupie]

I would love to add on more AKV, but it just doesn’t make sense since I would always want savanna view and it’s mostly available at 7 months… and the dues. So it just still makes more sense to go BLT or CCV.

Same, if Im going to stay there I gotta see the animals.

 

[HyperspaceMountainPilot]

I think so since I have been of the opinion that lately many are overpaying for AKV

I think AKV can make a lot of sense (value-wise) if you only think you’ll need the contract for 5-10 years and love the Savannah or the theming or if your favorite park is AK (it’s #2 for us). The higher dues matter less if you’re just thinking “we only need the extra points/bedroom until the kids go to college” or plan to buy a new build resort in the next 10-15 years to trade up.

 

[VGCgroupie]

I think AKV can make a lot of sense (value-wise) if you only think you’ll need the contract for 5-10 years and love the Savannah or the theming or if your favorite park is AK (it’s #2 for us). The higher dues matter less if you’re just thinking “we only need the extra points/bedroom until the kids go to college” or plan to buy a new build resort in the next 10-15 years to trade up.

I will be there in April. Hopefully I don’t come back wanting to overpay for some AKV points.

Actually now that I remember I saw a picture recently of a value room with a view of the savanna. That is one heck of a value

 

[disneylandtour]

Looking at the ROFR thread, does anybody else think AKV may be benefitting from the dearth of SSR contracts under $100? My take is that if people are looking to pay nearly $100 for SSR, they may as well a little more for a home resort that can demand a home priority premium.

I also wonder if people think it will be at a premium for rentals for a year or two after Tropical Americas opens.

BLT and AKV are relatively good values at the moment--as they are both in refurb years. After the refurb, I expect both to bounce up a little in price (more so BLT than AKV, but I think both will move in that direction). A couple years ago I bought AKV for $80/point. And I saw some contracts go for less. My BLT contracts I bought last year for $115/point (both contracts). BLT is closer to its lows than is AKV--for what that's worth. But also there are very, very few well-priced contracts on the resale market right now. And when something halfway decent shows up, it's gone within a day or two. (There's hundreds of poorly priced contracts out there, however.)

 

[Perelandra]

What is the etiquette for making multiple offers on different contracts within a particular brokerage or varying multiple brokerages? Are you supposed to only make one offer at a time and hope that the broker gets back to you in a timely manner, or if there are a few or handful that you are interested in, is it appropriate to make multiple at once and then finalize with the one that you can work an acceptable deal with first? That might leave you having to tell someone that accepted one of your offers, "Sorry, I've accepted another since I made that offer" which seems bad form. I appreciate any feedback.

 

[disneylandtour]

What is the etiquette for making multiple offers on different contracts within a particular brokerage or varying multiple brokerages? Are you supposed to only make one offer at a time and hope that the broker gets back to you in a timely manner, or if there are a few or handful that you are interested in, is it appropriate to make multiple at once and then finalize with the one that you can work an acceptable deal with first? That might leave you having to tell someone that accepted one of your offers, "Sorry, I've accepted another since I made that offer" which seems bad form. I appreciate any feedback.

You're supposed to honor any offer you make. Maybe there might be some cases where this is impossible--like a sudden change in one's employment status. But those should be the exception. If I'm making an offer with a broker I don't know, sometimes I include something like--as I'm actively looking, this offer is good for 24 hours. With brokers I know I just wait for them to get back to me--and if they're those I've worked with before--they always do in a timely manner.

 

[Perelandra]

You're supposed to honor any offer you make. Maybe there might be some cases where this is impossible--like a sudden change in one's employment status. But those should be the exception. If I'm making an offer with a broker I don't know, sometimes I include something like--as I'm actively looking, this offer is good for 24 hours. With brokers I know I just wait for them to get back to me--and if they're those I've worked with before--they always do in a timely manner.

Ok, I figured that it would be bad form to make an offer and then not be able to honor it. Putting a time limit on it makes a ton of sense. Thank you for the response.

 

[AstroBlasters]

Ok, I figured that it would be bad form to make an offer and then not be able to honor it. Putting a time limit on it makes a ton of sense. Thank you for the response.

I would also call the broker after submitting the offer. Let them know you are looking at multiple contracts.

 

[Perelandra]

I would also call the broker after submitting the offer. Let them know you are looking at multiple contracts.

Good advice!