Realistic OKW 50 pt resale price?

[denecarter]

Today, two 50 pt OKW contracts with my September use year showed up on one of the resale brokers Facebook pages. Same seller for both. Both $90 per point. Neither has any points coming for 2017.

I offered $80 per point and was rejected. No big deal, our big family trip isn't until 2019. The broker did try to make it sound like both would be gone tomorrow at the asking price. I declined said I'd wait for another contract.

I understand that smaller contracts get a price boost. And I know that the asking price is only $500 more than my offer, but it is $1000 more than I'd really like to pay. Especially since there are no 2017 pts coming.

I'm sure both the seller and I have unrealistic expectations. The question is, what is a reasonable price for a 50 pt OKW stripped contract?

 

[_auroraborealis_]

They will get their $90. Small contracts go fast and high.

 

[ton80]

Agree. I just sold and SSR contract with OCT UY (75pts) and nothing coming until 2018 for $92. PP.

They will get their $90. Small contracts go fast and high.

 

[chalee94]

I agree with the OP's valuation that the price seems too high...but in the current market I agree that the contract will probably sell within a few days.

 

[wnielsen1]

Well, if it will sell in the next few days at $90, then it is priced fairly...

 

[_auroraborealis_]

It's still a $55/point savings over direct, and small contracts are hard to find. Will it cost about what a larger contract might cost up front? Yeah. But for someone who wants the smaller annual dues payout or just fewer points, it's still a clear win vs. direct and they will pay.

 

[BillPA]

I sold 2 BCV contracts this year, one was 50 points, $125 a point all 2017 points, and a 100 point at $107, no points until 2018. We had both for 14 years and paid $74 a point for each.

 

[SteffyLou]

I made an offer for 60 OKW points for $80 (was listed $88). Seller rejected but said $86 with them paying 2017 fees. We accepted and it is in ROFR now. Been patiently waiting 8 days. I feel we probably overpaid as well, but like you, small contracts go immediately. This had a Dec UY which was what we needed.

 

[aoconnor]

Keep on eye on the Fidelity email blasts and you should be able to pick one up for $78pp or less (have seen a number listed in the high 60s recently). But you have to act fast, like literally within 10 minutes of receiving the email or they will be gone.

At the end of the day it depends on the seller. Personally if I was selling a contract I would list it at a high price and wait a few weeks to see what happens. If it sold in a day or two I would feel like I didn't price it high enough. Others just want to be rid of it quickly or do what their broker tells them-- they are likely to recommend a lower price so it sells quickly and it is less work for them.

 

[Jelly563]

What would you say a 50 pt BLT contract would go for ? or VGF ??

 

[ScubaCat]

One hundred BILLION dollars!

 

[Cyberc1978]

Agree. I just sold and SSR contract with OCT UY (75pts) and nothing coming until 2018 for $92. PP.

I bought a 50pts ssr contract for 80$ pp with current year points as well. So the deals are to be found, you just need to look and find them.

 

[DP58]

I think it all depends on how badly you want it. A great deal may or may not get through ROFR. Gambling is fun if you can afford to wait when Disney also loves your deal. After loosing two great deals to the Mouse, (of course at the end of that 30 day waiting period) i "overpaid" as well and got my contract by the Mouse in about 10 days. We had to have an October use year as this was an add on contract. We started this process in January and are only now in the final wait to have the points loaded. I don't expect to see them for another week or so. Just in time for the 11 month booking window we want for a large family vacation in 2018. Good luck with whatever way you ultimately decide to go. Remember a time share is a luxury, not a necessity. You don't want to end up on the selling end because it was more than you could handle.

 

[denecarter]

Since I won't need the points until a huge family trip in June 2019, I'm going to wait. In the meantime, I'll be socking away more cash. I did some calculations and I'd rather buy a larger contract at a lower per point price. 150 pt contracts in my use year are much more common, and better priced, than 50 pt contracts.

By the way, the two 50 pt contracts I referred to in my original post are still available. I'll be watching them out of curiosity.

 

[DP58]

Since I won't need the points until a huge family trip in June 2019, I'm going to wait. In the meantime, I'll be socking away more cash. I did some calculations and I'd rather buy a larger contract at a lower per point price. 150 pt contracts in my use year are much more common, and better priced, than 50 pt contracts.

By the way, the two 50 pt contracts I referred to in my original post are still available. I'll be watching them out of curiosity.

Ahh, you have the luxury of time! Good luck on getting a great deal, it will come through eventually! I'm thinking of adding on a small BCV and will totally low ball for as long as it takes.

 

[SteffyLou]

Sometimes you think they are available because they show on the site, but they are not. When we looked for a 40-70 point contract I emailed 3 different companies about 5 different contracts. All had offers or were already accepted. The companies just were taking their time to take them off the site.

 

[Littlelulu01]

I know you said you don't need the extra points but in your case with needing a specific uy I'd probably go direct purchase. OKW direct is 2057 expiration instead of most resales at 2042 and OKW 2057 direct price is $145. Factor the additional closing costs ($650 instead of about $200 direct) and no mf on 2016 points, 2017 points at reduced mf and you are about even cost on direct if points are valued at $15/pp. If the big trip you want is a one off, a smaller fully loaded direct contract may suit your needs better than the burden of a larger contract with a larger mf commitment.

 

[Dean]

Today, two 50 pt OKW contracts with my September use year showed up on one of the resale brokers Facebook pages. Same seller for both. Both $90 per point. Neither has any points coming for 2017.

I offered $80 per point and was rejected. No big deal, our big family trip isn't until 2019. The broker did try to make it sound like both would be gone tomorrow at the asking price. I declined said I'd wait for another contract.

I understand that smaller contracts get a price boost. And I know that the asking price is only $500 more than my offer, but it is $1000 more than I'd really like to pay. Especially since there are no 2017 pts coming.

I'm sure both the seller and I have unrealistic expectations. The question is, what is a reasonable price for a 50 pt OKW stripped contract?

That's high IMO but the dollar difference isn't that much for either party, $80 pp with no dues reimbursement is the reasonable ceiling IMO. Other options, buy both for a lessor pp cost and pay one closing or buy retail for 2057 points with is ultimately only about $1000-1500 more, done and simple. Resale $400 closing, $4500 purchase price and unless there is additional adjustment for dues, an overpayment of 8 months in dues so another $300 plus the lost points for 2 years, a value of $1000-1500. Retail roughly $7500 for 2057 points with a bonus of no dues for say 7 months if done in August. So $6500 resale apples to apples for 2042 expiration vs $7500 retail and done for 2057 points (roughly but close).

 

[denecarter]

Well, it looks like someone was happy with the price. One is gone and the other is pending.

I'm happy waiting for that Goldilocks contract.