Rejected Offers Thread

[AstroBlasters]

Can the rules please be kept consistent?

I'm trying not to break the letter or spirit of the rules here. I even omitted the number of points for those two contracts beceause they would easily identify the contracts, which is the spirit of this rule. But when the goalposts move from recently written rules it's hard to know what can be shared.

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Anyway, have another one!

Bay Lake Tower, 200pts, listed at $145/pt.

Offered $115/pt, also stating "open to negotiating."

Seller rejected and, per agent, "holding firm" at $145/pt.

Walked away.

Unrealistic seller expectations

 

[VGCgroupie]

Can the rules please be kept consistent?

I'm trying not to break the letter or spirit of the rules here. I even omitted the number of points for those two contracts beceause they would easily identify the contracts, which is the spirit of this rule. But when the goalposts move from recently written rules it's hard to know what can be shared.

---

I wonder if we could/should make a layout somewhat like the closing thread or something along those lines.

---

Anyway, have another one!

Bay Lake Tower, 200pts, listed at $145/pt.

Offered $115/pt, also stating "open to negotiating."

Seller rejected and, per agent, "holding firm" at $145/pt.

Walked away.

Sometimes I think people think something is worth more than it is and often it will not go their way in the end. For example, my most recent rejection about 2 weeks ago that countered back at me with a firm $114 has now reduced their price to $109.

 

[ehh]

Wow, at $145 not even a counter.?? I had zero shot. lol

It's ok, they're just hoping to sell while the market is somewhat in their favor, but we will have plenty to choose from here in another couple months.

Unrealistic seller expectations

Sometimes I think people think something is worth more than it is

Technically both of my BLT $145/pt contracts didn't counter, though at least one vaguely left the door open to negotiate (even if they never responded with a number themselves).

Definitely some unrealistic expectations. I didn't share at the time because I thought it was an overshare, but the first BLT@145 contract I offered against specifically cited ROFR from years ago being around $145 in their final rejection.

Contracts in the 150-200pt range just aren't there any more though.

I wonder if we could/should make a layout somewhat like the closing thread or something along those lines.

Sounds like a great idea.

 

[VGCgroupie]

Definitely some unrealistic expectations. I didn't share at the time because I thought it was an overshare, but the first BLT@145 contract I offered against specifically cited ROFR from years ago being around $145 in their final rejection.

We all know now is nothing like years ago.

 

[Sandisw]

Can the rules please be kept consistent?

I'm trying not to break the letter or spirit of the rules here. I even omitted the number of points for those two contracts beceause they would easily identify the contracts, which is the spirit of this rule. But when the goalposts move from recently written rules it's hard to know what can be shared.

---

Anyway, have another one!

Bay Lake Tower, 200pts, listed at $145/pt.

Offered $115/pt, also stating "open to negotiating."

Seller rejected and, per agent, "holding firm" at $145/pt.

Walked away.

Thanks for finding my inconsistency!!! I had forgotten that I had said that and amended the rules.

We will allow resort, number of points, asking price and offer.

We will assume buyer is paying closing costs and dues…do not include the admin fee info since then it identifies broker.

If the offer is asking seller to pay those, that can be listed.

I will update my previous post!

Summing it up:
Resort
Contract Size
Asking Price
Offer
Seller pays dues or MFs

**if the offer included a counter offer by the buyer, feel feee to include

***no need to include a sellers counter since it was not accepted.

 

[AstroBlasters]

We all know now is nothing like years ago.

Yeah…. they will find out quickly where the market is…..

 

[Chili327]

resort, number of points, asking price and offer.

Awesome. That is all we really need to get an idea of what's going on.

 

[ChipTheRescueRanger]

I don't know why but it angers me when you get a counter or rejection and the broker mentions the offer is bellow the average selling price.

 

[AstroBlasters]

I don't know why but it angers me when you get a counter or rejection and the broker mentions the offer is bellow the average selling price.

I mean…. wouldn’t that be a very valid reason for a seller to reject an offer?

It’s not personal, it’s just business.

 

[ChipTheRescueRanger]

I mean…. wouldn’t that be a very valid reason for a seller to reject an offer?

It’s not personal, it’s just business.

It's not the seller who has said it. It appears certain brokers use it as a way to try and get you to meet a minimum offer value.

If you don't have lower sale you cant get an average.

 

[stat]

It's not the seller who has said it. It appears certain brokers use it as a way to try and get you to meet a minimum offer value.

If you don't have lower sale you cant get an average.

Yeah I get why they'd use that as a reason but the wording irks me, too, for the math reason you mentioned. It's just a technicality, but if I were the broker I'd say something like "the offer is too far below recent average sale prices."

 

[AstroBlasters]

It's not the seller who has said it. It appears certain brokers use it as a way to try and get you to meet a minimum offer value.

If you don't have lower sale you cant get an average.

I get it. I just don’t think it rises to the level of something that would make me “angry”.

Annoyed… sure….

 

[ChipTheRescueRanger]

I get it. I just don’t think it rises to the level of something that would make me “angry”.

Annoyed… sure….

Annoyed Angry - tomato tomato

 

[Chili327]

I don't know why but it angers me when you get a counter or rejection and the broker mentions the offer is bellow the average selling price.

It’s their cherry picked average, not our very focused and informed average.

 

[Greg36]

AUL, 100 points, Asking Price $115, Offer/counter $92/$95

 

[AstroBlasters]

AUL, 100 points, Asking Price $115, Offer/counter $92/$95

Not subsidized?

 

[VGCgroupie]

Not subsidized?

Doubt it. These asking prices lately are bonkers.

 

[Greg36]

Not subsidized?

No, not subsidized…

 

[Chili327]

I went fishing...
BLT 31 (asking $155), offered $110, no counter.
BWV 25 (asking $165), offered $105, no counter.

I took another shot at it…
BLT 31 (asking $155), offered $121, counter $150

 

[Jimmy Geppetto]

AUL, 100 points, Asking Price $115, Offer/counter $92/$95

AUL, 100 points, Asking Price $115, Offer/counter $92/$95

sellers are losing a deal over $300 in this market. Crazy.