Rejected Offers Thread

[ehh]

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

Ours are cherry picked, too.

• DISboards has a buyer-leaning audience, compounded with the ROFR threads serving as a feedback loop on what a 'good deal' is
  • General pop does not have this, or even much resources on benchmarking negotiatons
• DISboards members who agree to above-average deals might not post it on ROFR thread
• [Tony Stark voice] We have a @Jimmy Geppetto [/Stark voice]

(not me rationalizing potentially agreeing to a price above DISboards' average because my UY is barren, no sir)

 

[Slakk]

• DISboards has a buyer-leaning audience, compounded with the ROFR threads serving as a feedback loop on what a 'good deal' is
  • General pop does not have this, or even much resources on benchmarking negotiatons
• DISboards members who agree to above-average deals might not post it on ROFR thread

They are and they look for deals and value and there is nothing wrong with that at all but there are also points for sale by owners who are not in financial hardship and want a reasonable value. I recently had a contract for sale. It was a loaded contract from a resort with a lot of interest and low inventory. I received a low ball offer and declined it and declined to counter as they were offering a price where stripped contracts sold.

In the meantime I got a very fair offer and sold it. Again it really depends on your wants and needs.

 

[mblsj]

SSR 170 - asking $100 pp - offered $76 pp buyer paying dues and closing - seller's counter $95 pp - declined

 

[ehh]

Got another one.

BLT 200 - Asking $145/pt - Offered $125/pt, seller paying MF - Seller declined and pulled contract from the market entirely

 

[Massachusetts]

They had second thoughts. It was a reasonable offer.

 

[Chili327]

They had second thoughts. It was a reasonable offer.

Yep, I bet the thought of being without hit them when a decent offer came through.

 

[VGCgroupie]

Just an observation. https://www.fidelityrealestate.com/ has always removed listings after accepting an offer, unlike other brokers who leave it up showing sale pending. Today for the 1st time I seen a listing with Fidelity that is still up showing "sale pending"

 

[RMDVC24]

VGF - asking $174 - offered $157. Rejected with no counter offer. Increased my offer to $164. Rejected again with no counter offer. I wished them good luck.

 

[AstroBlasters]

VGF - asking $174 - offered $157. Rejected with no counter offer. Increased my offer to $164. Rejected again with no counter offer. I wished them good luck.

IMO, your offer was very fair.

 

[TCRAIG]

IMO, your offer was very fair.

Depends - if it’s a small contract - which I suspect it is at $174. - the seller will probably get asking or very close to it.

 

[AstroBlasters]

Depends - if it’s a small contract - which I suspect it is at $174. - the seller will probably get asking or very close to it.

sellers of stripped contracts often overvalue their contracts.

 

[HyperspaceMountainPilot]

I think sellers of stripped contracts seem to often overvalue their contracts.

Often because they have been able to get away with it. Someone may eventually buy it, but it’s not likely that someone will be an active participant on these boards.

I also think/suspect that sometimes the stripped sellers are the brokers themselves (or know how to make a decent profit renting) so they aren’t in a rush to sell….whereas the people with loaded contracts are probably less willing to become for profit owners.

 

[E2ME2]

Often because they have been able to get away with it. Someone may eventually buy it, but it’s not likely that someone will be an active participant on these boards.

I also think/suspect that sometimes the stripped sellers are the brokers themselves (or know how to make a decent profit renting) so they aren’t in a rush to sell….whereas the people with loaded contracts are probably less willing to become for profit owners.

How low is TOO low on a stripped contract ???
I just saw a posting for BLT at $149/PP - but no points until 2026, and settlement deferred until April of 2025......
I just made a LOWBALL offer that I will disclose once I get a response.
(Maybe I will get scolded by the broker) ???

 

[MSUsnee]

How low is TOO low on a stripped contract ???
I just saw a posting for BLT at $149/PP - but no points until 2026, and settlement deferred until April of 2025......
I just made a LOWBALL offer that I will disclose once I get a response.
(Maybe I will get scolded by the broker) ???

Looking current and prior ROFR threads, it looks like the majority of contracts for BLT are in the $115-$130 PP range, with a few higher and lower. The lowest I saw was $107 PP on a 160 pt contract that had only 6 points left for 2024, and then was full for 2025 and 2026. As long as you’re somewhere in that neighborhood I wouldn’t consider it too low, but I’m pretty new here .

 

[TinkAgainU]

I need to stay off these threads lol. Just made an offer which was going to be about $5 per point below fair price, but about $20 below asking - but it went to Sale Pending before the Broker received it (had been on the market almost a month, just shows they Do sell after a month of sitting). Won't bother with the numbers since I have no idea if they would have accepted or rejected

 

[RMDVC24]

sellers of stripped contracts often overvalue their contracts.

This was a small contract, but it was stripped. No 2024 points. Very little 2025 points. The broker seemed to agree that my offer was fair and encouraged the seller to counter. At least that is what I was told.

 

[Chili327]

Often because they have been able to get away with it. Someone may eventually buy it, but it’s not likely that someone will be an active participant on these boards.

I am guilty. I paid $145 for BWV and as much as I am glad to own the small contract it wasn’t worth that much, but that is exactly why people start high, you never know when someone will just say what the heck.

 

[HyperspaceMountainPilot]

How low is TOO low on a stripped contract ???
I just saw a posting for BLT at $149/PP - but no points until 2026, and settlement deferred until April of 2025......
I just made a LOWBALL offer that I will disclose once I get a response.
(Maybe I will get scolded by the broker) ???

I think I am on the aggressive end of people here, but I think as long as you’re within 10% of the lowest price on the ROFR thread (and prepared to be ghosted or scolded) it’s a fair offer. Some sellers will list high and hope to hold out for a uneducated or motivated buyer, and some buyers will keep offering “lowball” bids and until they find a seller who wants or needs to unload a contract ASAP. I don’t think we should apply moral judgment to either as long as they are polite in the process.

Looking current and prior ROFR threads, it looks like the majority of contracts for BLT are in the $115-$130 PP range, with a few higher and lower. The lowest I saw was $107 PP on a 160 pt contract that had only 6 points left for 2024, and then was full for 2025 and 2026. As long as you’re somewhere in that neighborhood I wouldn’t consider it too low, but I’m pretty new here .

Sounds right to me, I’d say on the lower end for a stripped contract, however, if inventory has dried up since the lower numbers were recorded (I haven’t been tracking BLT but I hear that available contracts have shrunken as a whole), then you may need to start offering more.

I am guilty. I paid $145 for BWV and as much as I am glad to own the small contract it wasn’t worth that much, but that is exactly why people start high, you never know when someone will just say what the heck.

Absolutely nothing to be guilty about. If I ever have to part with my precious BCV contract, I’d want it to go to someone who loves it enough to pay an extra $10/pp.

 

[E2ME2]

Looking current and prior ROFR threads, it looks like the majority of contracts for BLT are in the $115-$130 PP range, with a few higher and lower. The lowest I saw was $107 PP on a 160 pt contract that had only 6 points left for 2024, and then was full for 2025 and 2026. As long as you’re somewhere in that neighborhood I wouldn’t consider it too low, but I’m pretty new here .

I just received a courteous and professional rejection - (no scolding)
It was listed at $149, and I offered $110
There were 0 Points until 2026, and closing deferred until April of 2025. ( not super appealing)
There was no counter offer from the seller.
I think I will sit tight for awhile and see if it’s still there in a few days….
Thanks for all the great feedback!

 

[AstroBlasters]

This was a small contract, but it was stripped. No 2024 points. Very little 2025 points. The broker seemed to agree that my offer was fair and encouraged the seller to counter. At least that is what I was told.

I went and found the contract before I made my initial comment on your offer. Your offer was very fair and if the seller comes crawling back you should offer a lower number.