Resale buying a small contract

[dboules]

I am on the hunt for a resale contract with 75 points or less.
I've looked at several sites and it seems like there for these smaller contracts there is no negotiation on prices and closing fees - "Only a Full asking Price Offer Including Closing Costs and Dues will be accepted"

Does anyone have experience with negotiating on price and closing costs for small contracts?

I have decided upon just a couple resorts (SSR or GF) and would LOVE to keep the same use year I have currently, so I know I will have to be patient (which is not my strong suit)....
I just want to have all the details understood when I find the right one.

FYI, we already own direct at VWL and AKL.

 

[ValW]

Yes, there are broker sites that allow you to negotiate on small contracts. I just did that with a 50 pt BLT contract at www.dvcbyresale.com. However, I have found that smaller contracts tend to get taken fairly quickly.

 

[CarolMN]

You can certainly try to negotiate. Just know that there are LOTS of buyers willing to pay full price for the smaller contracts. As @ValW posted, the smaller contracts go pending very quickly.

 

[MICKIMINI]

I too, tend to buy small contracts though we have several larger point contracts. I've been able to buy five contracts this year 100 or less and negotiated on all but one and I offered full price on that one. The trick is to get on it immediately, which is part luck. I find if you open negotiations first, you have a far better chance on getting the contract.

Listing prices can vary greatly. If the price is on the lower side to begin with, a modest discount often flies IMO. If you have a sky high listing price not so much. Good luck!

 

[iheartglaciers]

I bought a loaded 75 point CCV resale contract for $8 under asking, so it's possible. They listed it for $155 and I offered $145. They countered with $150 and I countered with $147 which they accepted. Also, it was November 2018 and I didn't pay the 2018 dues even though it had full 2018 and banked 2017 points.

But as others said, it can be tough since there are fewer small contracts available and they can go quick even at asking, so it can be a risk to negotiate. In my case, I didn't need urgently need the points so it wasn't a big deal if I lost the contract. But for the right size, UY, and home resort, you may not want to take that risk when the perfect contract comes up. Also, another thing to consider is that small contracts are rarer at certain resorts, so while you can negotiate on a small CCV contract, you might not have as much room to negotiatie on a small BWV contract.

 

[Great3]

You can negotiate anything, but it's still up to the seller to decide whether to accept. Many sellers won't negotiate because they think their contract will sell quickly, but there's always a few that will take a lower price.

Good Luck on finding the right contract.

Great3

 

[Best Aunt]

I’ve sold some small contracts and always got full asking price the day they were listed. You can try negotiating but don’t count on it working.

 

[sethschroeder]

Just be okay with not getting it if you try to negotiate.

 

[Marionnette]

I am on the hunt for a resale contract with 75 points or less.
I've looked at several sites and it seems like there for these smaller contracts there is no negotiation on prices and closing fees - "Only a Full asking Price Offer Including Closing Costs and Dues will be accepted"

Does anyone have experience with negotiating on price and closing costs for small contracts?

I have decided upon just a couple resorts (SSR or GF) and would LOVE to keep the same use year I have currently, so I know I will have to be patient (which is not my strong suit)....
I just want to have all the details understood when I find the right one.

FYI, we already own direct at VWL and AKL.

I think negotiating a small contract will depend a lot on how badly you want that contract. If you’ve patiently searched for months for the perfect 50-75 point contract, ask yourself how much it is worth haggling over? 75 points @ -$5 per point is going to save you a whopping $375. So the question becomes: Are you willing to lose that perfect contract over a matter of $375? How much is it worth “saving” to risk missing out because someone willing to pay full price also thinks it’s the perfect contract?

It doesn’t hurt to make a lower than asking price offer. Just be aware that it’s quite likely that you won’t get that contract.

 

[MICKIMINI]

An example of what I bought this year: Two 25 point OKW Oct (loaded) contracts listed at $104, bought at $100 from same seller with one closing. I was the first to place an offer and the seller was willing to go to $100. I was perfectly willing to pay $104. Though I'm not crazy about bidding via computer, in this case at 4 am I was able to bid until I hit the lowest price. I saved $200 on the contracts and about $500 on closing. $700 is a great savings. I am building points for 2024, so no loss if I didn't get them. It depends on your motivation and willingness to lose.

I just picked up a 30 point HHI Oct for $74 which was asking price. I needed a small Oct HHI and felt it a fair price considering closing costs are so expensive in SC.

Also got a 100 point BRV June for $99 asking $109 (saved $1000)...50 BRV June for $110 asking $120 (saved $500). I was definitely worth my time to save $2200 which coincidentally, was the asking price for the HHI contract!

 

[stagemomto3]

So, if I am thinking of selling, could I use this to my advantage? We recently bought a contract into our preferred resort (VGC) and are thinking of selling our original contract (although we realize we would lose Blue Card benefits) at BLT. Would it be more profitable to break the contract into smaller quantities to sell? Anyone have experience with this?

 

[ValW]

So, if I am thinking of selling, could I use this to my advantage? We recently bought a contract into our preferred resort (VGC) and are thinking of selling our original contract (although we realize we would lose Blue Card benefits) at BLT. Would it be more profitable to break the contract into smaller quantities to sell? Anyone have experience with this?

My understanding is that you can't break the contract up. You would have to sell it as a whole.

 

[Best Aunt]

My understanding is that you can't break the contract up. You would have to sell it as a whole.

Which is one of the reasons that people buy small contracts - easier to sell if necessary

 

[Marionnette]

So, if I am thinking of selling, could I use this to my advantage? We recently bought a contract into our preferred resort (VGC) and are thinking of selling our original contract (although we realize we would lose Blue Card benefits) at BLT. Would it be more profitable to break the contract into smaller quantities to sell? Anyone have experience with this?

@ValW is correct. You cannot break a larger contract up into smaller contracts.

 

[Ladylotus]

An example of what I bought this year: Two 25 point OKW Oct (loaded) contracts listed at $104, bought at $100 from same seller with one closing. I was the first to place an offer and the seller was willing to go to $100. I was perfectly willing to pay $104. Though I'm not crazy about bidding via computer, in this case at 4 am I was able to bid until I hit the lowest price. I saved $200 on the contracts and about $500 on closing. $700 is a great savings. I am building points for 2024, so no loss if I didn't get them. It depends on your motivation and willingness to lose.

I just picked up a 30 point HHI Oct for $74 which was asking price. I needed a small Oct HHI and felt it a fair price considering closing costs are so expensive in SC.

Also got a 100 point BRV June for $99 asking $109 (saved $1000)...50 BRV June for $110 asking $120 (saved $500). I was definitely worth my time to save $2200 which coincidentally, was the asking price for the HHI contract!

What broker are you "bidding via computer" with at 4 am and are able to keep bidding until hitting a magic number?

 

[MICKIMINI]

dvcsales.com

 

[E2ME2]

I am on the hunt for a resale contract with 75 points or less.
I've looked at several sites and it seems like there for these smaller contracts there is no negotiation on prices and closing fees - "Only a Full asking Price Offer Including Closing Costs and Dues will be accepted"

Does anyone have experience with negotiating on price and closing costs for small contracts?

I have decided upon just a couple resorts (SSR or GF) and would LOVE to keep the same use year I have currently, so I know I will have to be patient (which is not my strong suit)....
I just want to have all the details understood when I find the right one.

FYI, we already own direct at VWL and AKL.

I negotiated on a 30-Point BCV contract this year.
The broker stated the buyer was "looking for full price offers only", but I asked them to consider an alternative price, and they accepted it!
You can always try to negotiate.

 

[Ginamarie]

I've tried making some lower offers anyway. I know the smaller contracts get snatched up most of the time, but when I look at the higher price per point and then factor in the closing costs for the smaller contracts, I usually find that the listing price is just too high to be worth my while. There's a 34 point HHI contract on DVC Store right now (my use year). It's listed at $89/point, which I think is too high to begin with for HHI points, but then when you look at adding $700 in closing costs for adding on so few points... I can't see it. (Honestly, I'm looking for more like 50-75 point contracts because 34 points isn't going to get me where I want to be. So I'm stuck waiting for the right one to come along, because it makes zero sense for me to pick up two contracts that are like 35 points a piece and have to pay the closing costs twice). I'm actually starting to think about waiting until I save up some more cash and just buying around 100 points, because the pricing seems to get much better once you reach that threshold.