Rejected Offers Thread

[Superbri7]

They want ~70 % of the direct price for the privilege of being restricted to just RIV.

I know right, I thought I was being reasonable but they act like I insulted them. No counter offers either.

 

[Gu$]

Our first two purchases into DVC, here we go!!

CCV, June UY, listed 146, 300 pts, 2023 - 385, 2024 - 300
Offered $122, they countered at $143, we walked

We were accepted first offer at $122pp for:
CCV, Aug UY, listed 140, 260 pts, 2023 - 451, 2024 - 260

Also,

AUL, June UY, listed $95, 400 pts, 2023 - 350, 2024 - 400
Offered $80, they countered at $92, we walked

We were accepted on following:
AUL subsidized, Mar UY, listed $137, 300 pts, 2023 - 0, 2024 - 300
Offered $125, they countered at $132, we accepted

 

[MsChristy12]

Most people who buy into DVC the first time have no idea the resale market exists. That is the customer that DVC is targeting and even if they did know or find out about it the FOMO for membership extras and the ability to book a room at any resort in addition to getting 50 years instead of "only 19 to ~ 37 years or so" will push them to direct. To be honest, I feel Disney will only ROFR the new resorts after they sell out since buying them resale has the huge restrictions that they will remove by reselling them as direct.

If it wasn't for the pandemic I'm not sure if I would have found out about the resale market! We have decided awhile ago that buying direct isn't worth it for us, but resale is definitely a game changer! Thanks to many vloggers did informational videos during the pandemic, and made me realized resale could work for us! So 2.5 yrs later, after watching many vlogs, doing a lot of research, one stay at a DVC resort last trip plus catching the right time with ROFR monster hibernating/buyers market, we can finally say "welcome home"!

 

[MsChristy12]

I know the small contracts go for a premium but I don’t think the current asking prices are reflecting what they are really selling at. I made two offers one was $122 for BLT 160 0/2022, 160/2023 & 160/2024 and this was accepted 1st and the contract was signed. I had my other offer accepted within an hour of me agreeing to the 1st it was $125 BLT 150 0/2022, 300/2023 and 150/2024. Had to turn the 2nd one down didn’t need 2 contracts.There are sellers who know what they are currently selling for and then there are those who are asking last years higher prices.

You got a good price for yours. I think no matter what the selling market looks like, there will always be sellers out there that want firm X amount for their contract. Whatever their reasoning is, I don't really care and not my business. If I were a seller, I would probably do the same and list my contract on the higher end just to see what happens. Maybe there are just that one or two buyers out there who are willing to pay more for it because it is exactly what they've been looking for. If there are no bites, I can always lower the price or pull the listing. I have seen a 40pt BLT listed for $180s and it sold within just a couple days. I'm not sure what it was sold for but I can't imagine it was in the $140s-150s range, but someone really wanted that contract and paid a high price for it!

 

[Cybertruck]

Most people who buy into DVC the first time have no idea the resale market exists. That is the customer that DVC is targeting and even if they did know or find out about it the FOMO for membership extras and the ability to book a room at any resort in addition to getting 50 years instead of "only 19 to ~ 37 years or so" will push them to direct. To be honest, I feel Disney will only ROFR the new resorts after they sell out since buying them resale has the huge restrictions that they will remove by reselling them as direct.

I agree. It was only after we saved enough to buy that we got serious about researching all the ins and outs. Lucky we find found these forums and spent weeks with our word doc and spreadsheet compiling all the facts. We are blue card resale members who purchased double the anticipated points which we could never afford direct. We will never pay retail again. We are looking to add at the new Polynesian. So once again I am stalking the forums with a fresh word doc and spreadsheet in tow. Compiling anticipated direct and resale dates.

 

[npatellye]

npatellye - AKL, Dec UY, listed 119, 125 pts, 2023 - 208, 2024 - 125
Offered $90, they countered at $115, we walked

 

[Bearval]

AKL, Dec UY, listed 119, 125 pts, 2023 - 208, 2024 - 125
Offered $90, they countered at $115, we walked

I would have countered them at least one more time unless your $90 offered was the best you were going to do.

 

[npatellye]

I would have countered them at least one more time unless your $90 offered was the best you were going to do.

They weren’t open to a counteroffer, unfortunately.

 

[Cybertruck]

That is unfortunate. I had a similar situation years ago and my sales person said let him talk to the sellers. A week later he got us the contract for $1 more per point then my offer.

 

[npatellye]

That is unfortunate. I had a similar situation years ago and my sales person said let him talk to the sellers. A week later he got us the contract for $1 more per point then my offer.

It is what it is. I’m only offering bc DH suddenly decided he wants AKL points after telling me for a year how much he disliked how dark AKL is. We looked at adding direct but $210/point is a bit much. So we’re looking to add resale points that are more in line with what we are willing to pay but they won’t play as well with our direct points.

 

[Cyberc1978]

No unless the lecture the broker gave me counts

The broker stopped lecturing me and just wrote seller declined without a counter.

 

[Red Dog Run]

Seller, here. 70 pt OKW (March 2024 full points, 0 for 2023), listed at $107. Received a $72 offer. Declined. Next day, full offer. Sold.

 

[Yankee626]

Our first two purchases into DVC, here we go!!

CCV, June UY, listed 146, 300 pts, 2023 - 385, 2024 - 300
Offered $122, they countered at $143, we walked

We were accepted first offer at $122pp for:
CCV, Aug UY, listed 140, 260 pts, 2023 - 451, 2024 - 260

Also,

AUL, June UY, listed $95, 400 pts, 2023 - 350, 2024 - 400
Offered $80, they countered at $92, we walked

We were accepted on following:
AUL subsidized, Mar UY, listed $137, 300 pts, 2023 - 0, 2024 - 300
Offered $125, they countered at $132, we accepted

I think your Rejection of $92 PP for a full 400 PT AUL contract may be better than the stripped 300 Subsidized contract for $132 PP . Its very close but it may take you 20 plus years to see break even on the difference.

 

[Sandisw]

Updated! When entering your information, it would be a huge help to follow the order of information, including your Disboard name, when posting.

Please post like this:
Resort, Disboard name, # of points, Offer, Listing price, date....

You can certainly add more details if you want, but do that after the string is created....it makes it much easier for me to update the list, especially since I do not include that information in the updated list as people can see all that information in your actual post.

Thank you!

 

[kgou]

SSR, @kgoul, 50 points, offered $92, listed $112 7/15/23

don't NEED another contract as we just closed on our first resale last month lol so lowballed ...seller didn't counter. we bought 150 to start and now thinking we want to have 200-250.

 

[CVG]

Maybe an estate that needs to be closed,
Or someone can’t afford gas anymore and just needs to off load,
Or a divorce …
Lots of reason,

Brokers work for the seller and if the seller needs to unload, the broker now some commission is better than no commission.

It would be more interesting to see if Disney passes on this

Yes, over here, we call them the 3 D's - Death, Debt and Divorce. They set the price for real estate (and perhaps DVC) at the margin for everyone else.

 

[Sandisw]

Maybe an estate that needs to be closed,
Or someone can’t afford gas anymore and just needs to off load,
Or a divorce …
Lots of reason,

Brokers work for the seller and if the seller needs to unload, the broker now some commission is better than no commission.

It would be more interesting to see if Disney passes on this

Brokers are transactions brokers so they don't "work" for the seller...they put the two together. Obviously, there are laws in FL that guide the responsibility and of course, because of commission, they are going to try and get as much for the contract as they can....

But, in all the times I have sold, I was advised of a range to list my contract but ultimately, I told them what I wanted to do. My top goal in all my sales was having a quick offer, not price, so I pretty much in all cases, except one, my price was below what was recommended.

So, I do agree with you that as buyers, one does not have any clue what the motives of the seller are and there are people, like I was, that would rather get less to sell fast, then wait it out for a better price.

 

[Cybertruck]

Brokers are transactions brokers so they don't "work" for the seller...they put the two together. Obviously, there are laws in FL that guide the responsibility and of course, because of commission, they are going to try and get as much for the contract as they can....

But, in all the times I have sold, I was advised of a range to list my contract but ultimately, I told them what I wanted to do. My top goal in all my sales was having a quick offer, not price, so I pretty much in all cases, except one, my price was below what was recommended.

So, I do agree with you that as buyers, one does not have any clue what the motives of the seller are and there are people, like I was, that would rather get less to sell fast, then wait it out for a better price.

Agree like all major purchases education is your best defense. Even if you are not a spreadsheet wizzard get you kids or YouTube to help. I recently said this on another thread, having all the wonderful members on the DVC board ensured we did not make a rash decision all those years ago. Our original resale purchase allowed us to purchase two weeks in May which was our standard vacation for years while the kids were in school. Now our family vacations are October and Christmas. Christmas is a resort only stay. We are looking to add resale points again. Now as locals we want to enjoy all the festivals and seasonal offerings. Cheers to all people who moderate and assist in these boards.

My other piece of advice is purchase price is important the biggest factor for us was the Dues. That will add up over the decades and generally we never had any major problems at the 7th month mark outside holidays and run Disney events. We have no desire to be at the parks when they are this crowded. We love the peaceful tranquility of SSR after a long morning and evening in the parks. We always take a break after lunch.

 

[Stargazer65]

SSR - Stargazer65 - 130 points - $95 offered - listed $119 - July 2023

Counteroffer was $111 firm, I didn't take it.

 

[buffalobasingal]

I was tempted by a listing for VBC for 150 points @ $130 on Sunday to make a full price offer. That is the lowest asking price I have seen for VBC since I have been looking since March. But, it was a Dec UY and I’d like to have Feb since I hear that allows you to combine banked and borrowed points for reservations with other DVC contracts if they are all the same UY. I’m dreaming of some Poly bungalows someday with all of our points together! Plus, it was with a broker that I swore I will never do business with again.