Rejected Offers Thread

[GGGT]

...........but its all I want to pay. If you don't think it should be presented, fine by me, I will try elswhere"..........

This is how we've purchased our resale contracts. We told the broker upfront this is what we are willing to pay for this contract. No haggling, no hard feelings, no problem if the seller declines, etc. It makes the process so much easier.

We walked away from a BRV contract several years ago when the seller countered with $1 more per point. Coincidentally, we found a much better deal/contract about a week later.

 

[HyperspaceMountainPilot]

AKV, 100 points, offered $96, listed $105, June 2024

December use year, fully loaded so we knew it might get rejected. No counter so someone must have outbid.

Incidentally, no counter doesn’t necessarily mean someone else outbid you. I think your offer was reasonable (if aggressive) but they might decide “if we can’t get $100 for it loaded we may as well strip it and sell it for $90” or just hold and rent for a few years and pray ROFR comes back, etc. I think a lot of people are also being poorly advised by their brokers who may hold a lot of DVC points themselves and are desperately trying to keep prices at the less in demand resorts from dropping further to hurt their own investments.

I was considering listing a VGF contract at X price with the understanding that I’d just keep using the contract unless I got 95% of X—but then I decided the cost of selling (broker commission) plus closing costs made it smarter to keep the points I already owned as SAP+ rather than trying to trade down to more points at a less expensive resale resort.

 

[Blerghityblergh]

Incidentally, no counter doesn’t necessarily mean someone else outbid you. I think your offer was reasonable (if aggressive) but they might decide “if we can’t get $100 for it loaded we may as well strip it and sell it for $90” or just hold and rent for a few years and pray ROFR comes back, etc. I think a lot of people are also being poorly advised by their brokers who may hold a lot of DVC points themselves and are desperately trying to keep prices at the less in demand resorts from dropping further to hurt their own investments.

I was considering listing a VGF contract at X price with the understanding that I’d just keep using the contract unless I got 95% of X—but then I decided the cost of selling (broker commission) plus closing costs made it smarter to keep the points I already owned as SAP+ rather than trying to trade down to more points at a less expensive resale resort.

Thanks, great points!

 

[DDBB]

AKV, 100 points, offered $96, listed $105, June 2024

December use year, fully loaded so we knew it might get rejected. No counter so someone must have outbid.

I offered $100 on same contract (with 1/2 maintenance fee), also rejected, no counter

 

[DonkeyHoTay]

I always just went in with my lowball offers with "I know this is well below asking, and may be unrealistic, but its all I want to pay. If you don't think it should be presented, fine by me, I will try elswhere"....not once, including some of the brokers who are known for this, did they refuse to submit....now, who knows if they did, but in one case, I got a counter, and walked anyway.

all it takes is one person who wants to sell for that lowball offer to be accepted...

First time attempt at buying resale and I think this is the right thread to post about my rejected two offers on Beach Club, but I am completely ashamed of my low ball/completely absurd $80pp offers. The broker said the seller rejected my offers on both contracts, but there was no counter - I guess because they were borderline (across the border?) insulted. Tail between my legs, I am moving on to other resale contracts for sale....

 

[JackosinDIS]

First time attempt at buying resale and I think this is the right thread to post about my rejected two offers on Beach Club, but I am completely ashamed of my low ball/completely absurd $80pp offers. The broker said the seller rejected my offers on both contracts, but there was no counter - I guess because they were borderline (across the border?) insulted. Tail between my legs, I am moving on to other resale contracts for sale....

Yeh, I wouldn’t sell BCV for less than $120 for an average sized contract personally. It might some down to $80 in the next 5-10 years though!

 

[CWTC]

Check out this broker response to a (reasonable IMO) offer on a stripped AUL contract, after telling them that I thought it was in line with recently accepted offers reported here…

´´HAHAHAHAHA!!

Also dont' believe everything you read on DisBoards.

I have watched my own buyers say they got a contract for $100 when they paid $112, I've also seen my sellers say they got $112 when they got $100. Everybody wants to one up everybody else!´´

I agree some people may exaggerate but to what end? To impress a bunch of rando strangers on the internet? I don’t really know what that broker expected. I really really appreciate this forum and ROFR threads. The data helped us decide what to offer. Granted we went a little low expecting a counter offer but what happens will happen with ROFR.

 

[Sandisw]

RIV = 150 points, listed $129 and offered $115.....I really am leaning toward more direct points but this one caught my eye so I tried...

Honestly, if I was the seller, I would have turned it down too! LOL

 

[JackosinDIS]

RIV = 150 points, listed $129 and offered $115.....I really am leaning toward more direct points but this one caught my eye so I tried...

Honestly, if I was the seller, I would have turned it down too! LOL

Worth a try! There are some listed in the $113 to $118 range at the moment so I think peoples expectations on the resale price is actually coming down a little.

 

[atthebeachclub]

RIV = 150 points, listed $129 and offered $115.....I really am leaning toward more direct points but this one caught my eye so I tried...

Honestly, if I was the seller, I would have turned it down too! LOL

I have seen a bunch of low price per point RIV contracts lately so I bet another will come along!

 

[DonkeyHoTay]

Yeh, I wouldn’t sell BCV for less than $120 for an average sized contract personally. It might some down to $80 in the next 5-10 years though!

I just made another offer at $95 pp for a different BCV... auto-reject from broker.

 

[Sandisw]

I have seem a bunch of low price per point RIV contracts lately so I bet another will come along!

Maybe, but by then, I hope to have gone direct...we ran numbers today, and its not a huge amount more to end up with direct points that are good at RIV and everywhere else....plus, our original plan was only 100 more and this was 150 (which I really don't want or need), so I think I am going to go under contract next week with the current incentives and see what happens after the 24th!!

 

[AstroBlasters]

First time attempt at buying resale and I think this is the right thread to post about my rejected two offers on Beach Club, but I am completely ashamed of my low ball/completely absurd $80pp offers. The broker said the seller rejected my offers on both contracts, but there was no counter - I guess because they were borderline (across the border?) insulted. Tail between my legs, I am moving on to other resale contracts for sale....

Depending on the size of the contract and how many of previous/current/future use year points it has…..I think those fall into the “wasting people’s time” category of offers.

 

[atthebeachclub]

I just made another offer at $95 pp for a different BCV... auto-reject from broker.

Looking at https://www.dvcrofr.com/pricing-trends reported BCV purchases over the last year, your offers are probably outside the norm. Lowest normalized price I see is approximately $95 this year, and that normalized price is so low because of the extra points the contract came with. Lowest actual price was completely stripped. So I would make offers in accordance with reported accepted results. Owners can usually rent these points for about $23-25 per, so consider the alternatives. You might be able to get a good deal on a large (ie, harder to sell) contract though.

 

[AstroBlasters]

Looking at https://www.dvcrofr.com/pricing-trends reported BCV purchases over the last year, your offers are probably outside the norm. Lowest normalized price I see is approximately $95 this year, and that normalized price is so low because of the extra points the contract came with. Lowest actual price was completely stripped. So I would make offers in accordance with reported accepted results. Owners can usually rent these points for about $23-25 per, so consider the alternatives. You might be able to get a good deal on a large (ie, harder to sell) contract though.

To clarify, your term “normalized price” is assuming that people can rent out available points tax free and then deduct that rental income from the price.

While on a high level I agree with the mental math, it can create confusion for people.

 

[atthebeachclub]

To clarify, your term “normalized price” is assuming that people can rent out available points tax free and then deduct that rental income from the price.

While on a high level I agree with the mental math, it can create confusion for people.

It isn’t my term; it is what the site uses. It is a way of comparing similar contracts. It isn’t perfect, and it ignores the time value of money, but it does make comparing similar contracts simpler. I prefer looking at the $/point column, telling you how much you are paying for each point you are getting over the life of the contract. I think it is easier to conceptualize.

 

[Blerghityblergh]

I offered $100 on same contract (with 1/2 maintenance fee), also rejected, no counter

Bummer!

 

[DonkeyHoTay]

Depending on the size of the contract and how many of previous/current/future use year points it has…..I think those fall into the “wasting people’s time” category of offers.

Went back to them at $105. You don’t ask you don’t get!

 

[AstroBlasters]

Went back to them at $105. You don’t ask you don’t get!

I don’t fault you for throwing out offers and realize part of it is just for fun to see if someone would say yes…. but at the same time I think it’s a good example of why many brokers respond in a frustrated manner to people or don’t respond at all.

If brokers are having to take time to even read an $80 BCV offer…. much less respond… then they by definition they have less time for more serious offers on other contracts.

 

[ShaneDJ]

I just made another offer at $95 pp for a different BCV... auto-reject from broker.

Don't give up. The right contract will be there for the right price.