question on buying a resale

[jellojatdisney]

In general are the prices listed for resales with the timeshare store the price that I should expect to pay? Or is it like any other real estate purchase where you make an offer and the seller comes back with a counteroffer, etc.

 

[Alphatexana]

It's like regular real estate. You can make a counter-offer. However, you should be aware that someone else could come in and accept the asking price, in which case they get the points. When I bought Wilderness Lodge I knocked a couple of dollars per point of the price when I made my offer. I also countered on the maintenance...they had borrowed some points from a future year which I wouldn't be able to use and I had them pay the maintenance on those points.

Good luck.

 

[Happy Birthday Cat]

You can offer whatever amount you want but you also need to be aware of Disney's right of first refusal on contracts. If the price is too low, Disney will jump in and take it from you. Take a look at Beca's thread on the DVC Community Board (Link) regarding buying resales.

HBC

 

[Beca]

Also understand that there are some resorts that you can offer less for, and there are other resorts that while you are calling to offer less, someone else might be RIGHT THEN calling to offer full price.

For example, if you are making an offer on a VB contract, you can probably offer less, and the buyer might seriously accept it. If you did that on a BCV contract....you might lose it quickly.

HBC is also VERY correct....ROFR is taking a LOT of contracts. And, there really isn't any "rhyme or reason" to what they take and do not take. You really need to "study" the ROFR thread, and then make an offer that you think will get you a "good deal" and still have a shot of going thru ROFR.

Rumors are that SSR is going up the beginning of June. I think if SSR goes up, sold out resorts will to. We have already seen an increase in what BWV is getting ROFR'd at (we just had a couple get ROFR'd at $80 per point...a REALLY high number).

Good luck!!!



Beca

 

[JimMIA]

All of the points above are very well taken. In addition, if you study Beca's ROFR thread closely, you will see several situations in which the buyer offered more than the asking price. You will see that most often on Beach Club and Boardwalk, I think, and the reason is the buyers studied the ROFR thread and feared the asking price would not pass ROFR.

If you love a contract, a dollar or two a point will not make much difference in the context of your long-term ownership cost.