Offer tips ???

[jupers]

Is there any sort of system to making an offer. Meaning, if you point an offer on a contract with no points available would you put in a lower offer than if there banked points included???

Any tips for finding the right contract?????

 

[sleepydog25]

Not to sound discouraging, but there are many variables to making an offer, most of those in your hands. Mostly, have you done your homework? Have you studied the resale boards for similar contracts and their pricing? Have you determined beyond a doubt which resort you wish to buy into and why? Are you willing to make a bigger offer if the one you place is rejected? Have you considered whether maintenance fees have been paid for the contract you're after or whether the closing costs will be paid by you, by the seller, or both? Does the contract have the UY you want? There are many other questions to consider to find the best contract for you.

Assuming you have thoroughly scoured the resale market and know exactly what you want, you are essentially free to make any offer you want that you find reasonable. Certainly, if a resale contract were stripped (currently devoid of points or with severely limited points) it would be worth less than one with more points, and the buyer may be willing to negotiate more willingly. Conversely, if the contract is loaded, then you can expect to pay more, and the buyer might not budge much at all if any. But, you won't know until you try.

I found a contract last year that was priced $5-$6 dollars per point over other similar contracts at the same resort. However, the contract had all of 2009's points (plus a few extra), all 2010's, and all of this year's points, as well. I made an offer for only $2 less per point but asked to not reimburse the seller for the 2010 maintence fees and for the seller to also pay all closing costs. The seller accepted the offer, so I felt it was quite the fair deal. But, I had patience, and I had been searching for quite some time for just the right deal, the UY I wanted, and certainly the resort I desired. My suggestion is to do the same if you have not already--be thorough.

 

[jupers]

Thanks. I am definitely doing my research. Anyone else have any suggestions????

 

[JimMIA]

I'd sure check the points carefully. Often you will find contracts that have all, or almost all, of the current year points, all of the next year's points, and all of the following years points.

OTHO, you might find one that has limited current points and points borrowed from the next year, so you would not get a full allocation of points for more than two years.

Be sure you understand what you are bidding on.

Also understand how Use Year and banking deadlines work. If you can't use the current year points and the contract is past its banking deadline, those points are useless to you.