Rejected Offers Thread

[Bearval]

SD13 - BLT - 100 - $135 - $168 - Aug UY - 7/23
Countered with $166 and I walked away.

They are living on la la land. Those prices

My father taught my a lesson in selling cars when I was maybe 10…

We had a car maybe an Iroc maybe a Firebird for sale at our house….

Some body came by to look at the car 3 or 4 days in a row….

My dad had bought the car at auction, bought it right and and put a big price tag (like double what he paid for it) on it to see what happened….

The person showed up on day 4 and offer 1000 dollars less than my dad was asking….

Without missing a beat my dad adked this person if he would buy the car right there on the spot for that price.

The man said yes, thinking he had stolen the car and pulled out cash.

My dad filled out the title and handed it to the man also happy..

Man drove the car off and I asked my dad why he was happy take. Such a “low price” for the car….

My dad simple responded that he had made 2500 dollars in less than a week and all he do was drive the car home ….

Buyer was happy, seller was happy!

You never know why people are selling, you only know that they are selling….

If you make a crazy offer you might find someone that does not need to sell, or you may find someone that need to close out an estate, and the carrying cost of waiting for the prefect deal, make taking the the low ball offer today a better option for them.

Bottom line you can’t win if you don’t play.

I have a feeling that DVD has changed their business model concerning the "sold out resorts" and is just going to focus on the "new" resorts going forward. ROFR is going to be taking a long nap unless someone out there just has to have direct points and then DVD will just ROFR what they need to fulfill that request and will no longer just ROFR to have inventory. Resale prices are going to be fluid for awhile until they settle out to what they are truly worth. The days of DVC selling more that what they did when bought direct are going to be long gone.

 

[Robbie Cottam]

They are living on la la land. Those prices

I have a feeling that DVD has changed their business model concerning the "sold out resorts" and is just going to focus on the "new" resorts going forward. ROFR is going to be taking a long nap unless someone out there just have to have direct points and then DVD will just ROFR what they need to fulfill that request and will no longer just ROFR to have inventory. Resale prices are going to be fluid for awhile until they settle out to what they are truly worth. The days of DVC selling more that what they did when bought direct are going to be long gone.

Hard telling not knowing,

Disney has kinda backed itself into a cashflow corner, and may have to curtail under preforming departments.
That having been said, they also have a brand to protect, and It makes it really hard to sell new DVC resorts, or rent rooms in their hotels, if the DVC older one next door is selling for what a single stay at the hotel would cost.

It becomes a balancing act for Disney,

Do I think the used market will come down, YES!

Do I think will Disney allow it to hit rock bottom pricing, NO

Disney has the ability to return ROFR point to cash inventory,

If the second hand market deflates to a point where it is putting pressure on new DVC sales or hotel rentals, Disney will ROFR all the contracts they need to make money.

I bought SSR at 69 / point and BLT at maybe 100, do I think the second hand market will ever fall below that, NO

But the market will stabilize itself, or Disney will have to start taking contracts.

 

[Sandisw]

They are living on la la land. Those prices

I have a feeling that DVD has changed their business model concerning the "sold out resorts" and is just going to focus on the "new" resorts going forward. ROFR is going to be taking a long nap unless someone out there just have to have direct points and then DVD will just ROFR what they need to fulfill that request and will no longer just ROFR to have inventory. Resale prices are going to be fluid for awhile until they settle out to what they are truly worth. The days of DVC selling more that what they did when bought direct are going to be long gone.

I sold BLT for $189/point in 2021, when most were going in the $160's...I was shocked....so you just never know.

While I do think the market for BLT has come down to the $130's and $140's...all it takes is one buyer who thinks the contract is perfect and is willing to spend just that little bit extra...for 100 points, you are only talking a few thousand for a buyer who thinks it is just what they are looking for.

Just like buyers putting in lots of low offers right now, who just need to find that one seller, you are going to have some sellers who will wait it out for that one buyer!

I do agree that the days of selling DVC for what you paid, or more, is not going to be a thing, especially if DVD decides that they can increase sales volume by doing something like the MB program....

 

[Robbie Cottam]

SSR contract listed at $95 per point with one broker (150 point contract)… partly loaded as well. Any one seen anything listed as low as this? Are we staring to see broker valuations come down slightly?

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

 

[jess2022]

SSR contract listed at $95 per point with one broker (150 point contract)… partly loaded as well. Any one seen anything listed as low as this? Are we staring to see broker valuations come down slightly?

We’re in the process of closing on SSR and I definitely didn’t see anything listed that low a couple weeks ago. That’s what we ended up getting accepted for on a contract that was listed at $110. I think I saw some larger contracts listed around $100.

 

[Bearval]

Hard telling not knowing,

Disney has kinda backed itself into a cashflow corner, and may have to curtail under preforming departments.
That having been said, they also have a brand to protect, and It makes it really hard to sell new DVC resorts, or rent rooms in their hotels, if the DVC older one next door is selling for what a single stay at the hotel would cost.

It becomes a balancing act for Disney,

Do I think the used market will come down, YES!

Do I think will Disney allow it to hit rock bottom pricing, NO

Disney has the ability to return ROFR point to cash inventory,

If the second hand market deflates to a point where it is putting pressure on new DVC sales or hotel rentals, Disney will ROFR all the contracts they need to make money.

I bought SSR at 69 / point and BLT at maybe 100, do I think the second hand market will ever fall below that, NO

But the market will stabilize itself, or Disney will have to start taking contracts.

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.

 

[E2ME2]

2 more Rejected HHI Offers this month:
E2ME2 - 25 points - $75 offered - listed $99 (Countered at $92 I offered $80) - REJECTED
E2ME2 - 25 points - $85 offered - listed $99 - REJECTED

 

[mousehouse23]

mousehouse23 - SSR - 100 - $92 - $116 - March UY (Sellers rejected outright. I countered at $100, they offered $112.75 and I walked away.)

 

[WDWfantasy]

WDWfantasy - SSR - 150 - $105.01 (minimum required) offered on $114 asking- seller countered $111 - I countered back at $107 - seller countered back at $110 - I countered back at $108.50 - seller countered back at $109.85…I walked at that point and bought another contract. This particular contract is still for sale and the price has been lowered to near where we were negotiating. This was in May.

 

[softballmom3]

BRV 100 points Feb UY listed $125. Offered $88 pp. No response for a week now so assuming rejected.

Side note- I inquired with a broker (who I have purchased from) regarding value of my SSR contract. Received back valuation and was told they sold a 100 point SSR the night before for $87 pp. I'll just keep mine then , thank you .

 

[Sandisw]

Updated!!!

 

[Disney_Addicted]

BRV 100 points Feb UY listed $125. Offered $88 pp. No response for a week now so assuming rejected.

Side note- I inquired with a broker (who I have purchased from) regarding value of my SSR contract. Received back valuation and was told they sold a 100 point SSR the night before for $87 pp. I'll just keep mine then , thank you .

I think that was me that got the SSR contract at 87. Had banked 100 from the year before too. I was a bit surprised when they accepted that offer without even trying to counter higher as it was listed at 116. Have been fishing for our first contract for a couple months. I should go back to my excel sheet and list the rejected offers here.

 

[Joe62888]

SSR contract listed at $95 per point with one broker (150 point contract)… partly loaded as well. Any one seen anything listed as low as this? Are we staring to see broker valuations come down slightly?

Yes, I've seen a SSR at 94/point -160 pts full points a few weeks ago. I got the notification on a Thursday via email. I offered 88 Monday and it was already gone.

 

[MsChristy12]

All BLT.
April:
50 pts, $125, Listed $175, Countered $170
50 pts, $130, Listed $145, Countered @ full price
60 pts, $130, Listed $170, No counter

May:
75 pts, $120, Listed $164, No counter

June:
50 pts, $145, Listed $195, Countered @ full price
50 pts, $150, Listed $175, Countered $170
25 pts, $160, Listed $168, Countered @ full price

 

[Bearval]

All BLT.
April:
50 pts, $125, Listed $175, Countered $170
50 pts, $130, Listed $145, Countered @ full price
60 pts, $130, Listed $170, No counter

May:
75 pts, $120, Listed $164, No counter

June:
50 pts, $145, Listed $195, Countered @ full price
50 pts, $150, Listed $175, Countered $170
25 pts, $160, Listed $168, Countered @ full price

Were all the sellers from Canada? Not to bad if they are asking those prices in Canadian dollars.

 

[Sandisw]

Updated!

 

[MsChristy12]

Were all the sellers from Canada? Not to bad if they are asking those prices in Canadian dollars.

Haha you are funny! I wish those were Canadian dollars! Although some of these contracts their estimated value are about $160s-170s, and they are small contracts so they aren't overprice per se. I don't have to have another contract so I am not paying over $150. I offered $160 only because that was a 25 pts contract and that's even harder to find. They listed 4 identical 25 pts contract and I was willing to pay $160 buying two of them, but nope they wanted full price. It wasn't meant to be.

 

[Bearval]

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.

 

[Superbri7]

Superbri7

July

RIV 100 point listed 143 offered 122: rejected

RIV 100 point listed 140 offered 119: rejected

 

[Bearval]

Superbri7

July

RIV 100 point listed 143 offered 122: rejected

RIV 100 point listed 140 offered 119: rejected

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