Price Firm?

[jnjhuddle]

Wow it never eve occurred to me to offer less than the list price! But the 50 point contracts I was looking at were selling the same day they were listed (with a backup already waiting), I'm assuming OP is talking about a larger contract? Then I could see offering less, if those aren't selling the same day they are listed...

No the OP is talking about the small stripped (2015 and 2016 points already used by seller) 75 point OKW contract. Listed @ $79. WAY overpriced. At east you have 2015 points on your contract coming. I'm in the process of purchasing a similar contract to yours (50 point OKW with all 2015 points and 4 points left from 2014) but for $71 point. I offered $4 under list but with a different broker back in April. It has been only since then that the broker the OP speaks of started listing all small contracts as price firm. I've been only following prices for 6 months, but if u read through the rofr thread, the prices people are paying are often less than list price. It's kind of a hot time for DVC right now and small contracts are going same day (if they aren't stripped) The way I see it, the more they are in demand and the more people are willing to pay for them, the more prices will continue to rise. I see a lot of stripped contracts being offered for sale right now at ridiculous prices. If someone is willing to pay those prices then more power to them.
I would equate it to buying a house (although this is far from owning a home), do you pay what the price is listed regardless of value or do you research what it is really valued at and put in a reasonable offer? The answer is different for everyone. I'm all about what is fair and reasonable but not everyone comes from that school of thought.

 

[tararoo]

No the OP is talking about the small stripped (2015 and 2016 points already used by seller) 75 point OKW contract. Listed @ $79. WAY overpriced. At east you have 2015 points on your contract coming. I'm in the process of purchasing a similar contract to yours (50 point OKW with all 2015 points and 4 points left from 2014) but for $71 point. I offered $4 under list but with a different broker back in April. It has been only since then that the broker the OP speaks of started listing all small contracts as price firm. I've been only following prices for 6 months, but if u read through the rofr thread, the prices people are paying are often less than list price. It's kind of a hot time for DVC right now and small contracts are going same day (if they aren't stripped) The way I see it, the more they are in demand and the more people are willing to pay for them, the more prices will continue to rise. I see a lot of stripped contracts being offered for sale right now at ridiculous prices. If someone is willing to pay those prices then more power to them.
I would equate it to buying a house (although this is far from owning a home), do you pay what the price is listed regardless of value or do you research what it is really valued at and put in a reasonable offer? The answer is different for everyone. I'm all about what is fair and reasonable but not everyone comes from that school of thought.

Wow $71 is a great deal! I will be paying $84 for the same (-4 points from 2014). I saw contracts selling same day that were higher than $84 so I thought that was a good deal! Oh well live and learn

I looked through that ROFR thread, but didn't see any contracts less than 100, guess I didn't go back far enough.

An upside for me is that it doesn't close until October, so if we get through ROFR it's ours but I don't have to pay the bulk of it until then (after summer vacation expenses, which are higher than normal this year). And we aren't going to be able to use it until 2016 anyway due to our already booked vacations.

 

[disneyberry]

Transaction brokerage and dual agency are just really terrible for buyers.

 

[CarolMN]

In Iowa, they say that a "fair is the place you take your pig".

Sellers have the right to get the most they can for their contracts. They have the right to be stupid about it, too - and that includes telling the broker not to bother them with any offer less than full price.

IMO, it's unrealistic to expect a transactional broker to do much more than facilitate the deal. I don't blame them for not wanting to spend time going back and forth if they see little chance of a deal. They make money when the deal goes through and really, how much more do they make/lose if a contracts goes for a few more/less dollars per point? Not enough to justify a lot of extra time, especially for smaller contracts. JMHO, YMMV.

Buyers should offer what they are willing to pay and if the seller/broker refuses, then they should just move on. Some people just do not want to negotiate. That's OK.