Resale forever on sale

[bk1273]

Thinking of buying in and currently addicted to watching what is open. My question is why there are some contracts showing open for long periods, some very long. Is this because they are international, owner won't negotiate or something else?

 

[pzw90]

Could be a high price they don’t want to negotiation down on.
Could be someone just might like the attention of getting offers every now and then.
Could be a listing that never got taken down.
Could be a not real listing just to get you talking to the broker and they push an active one.

 

[MICKIMINI]

I think some sellers are just too stubborn to take reasonable offers. There is a listing I put a bid on back in September or early October which was rejected with no counter. It was pretty aggressive, I'll admit, but it is still sitting there. The timestamp gets updated when an offer is made or when the price is adjusted, so I can tell there have been several other attempts at an offer. Asking price is the same. It is a resort where the MF's are going up, not down so perhaps there will finally be motivation to sell. It has 2024 points, so pretty soon the seller will have to pony up for 2025 points as well. They wanted reimbursement for 2024!

I definitely take the time listed into consideration, but as OP mentioned, sometimes it doesn't seem to correlate with desire to sell!

Good luck!

 

[DanCali]

I think some sellers are just too stubborn to take reasonable offers. There is a listing I put a bid on back in September or early October which was rejected with no counter. It was pretty aggressive, I'll admit, but it is still sitting there.

If your offer was "aggressive" (by your own admission), then perhaps it wasn't perceived as "reasonable"?

 

[MICKIMINI]

If your offer was "aggressive" (by your own admission), then perhaps it wasn't perceived as "reasonable"?

I was looking for a counter offer and know the broker having bought many contracts through her. IMO any offer is a good offer and should be countered. DVC 30 years buying and selling. I don't think I have ever not countered. It is just the way real estate and DVC works for the most part. The fact that the contract is still sitting there at the same price leads me to believe the list price is not reasonable, but that is not the opinion of the seller obviously LOL!

 

[davidhr]

Thinking of buying in and currently addicted to watching what is open. My question is why there are some contracts showing open for long periods, some very long. Is this because they are international, owner won't negotiate or something else?

I have found the owners of those contracts most of the time have unrealistic expectations about how much their contracts can be sold for, and don’t negotiate enough for people to buy. I have better luck with recently listed contracts and contracts that are 2-3 weeks old.

 

[bk1273]

Thanks. I was wondering if they should be avoided.

 

[disneylandtour]

Honestly, I've found the three sweet spots to be these:

(1) Immediately after listing for a very good contract. About a month back there was a 100-point CCV contract at $115pp. You jump on these immediately.

(2) When a contract disappears and reappears. These usually means that there was an accepted offer that fell apart. Sellers can be a little more motivated if they were just burned on a previous offer.

(3) About three to five weeks after a contract was listed. At this point, the contract is likely many hundred listings down in a date-arranged aggregator. Also at this point some sellers are starting to worry that a contract might not sell.

 

[bk1273]

I appreciate the information

 

[ehh]

Honestly, I've found the three sweet spots to be these:

(1) Immediately after listing for a very good contract. About a month back there was a 100-point CCV contract at $115pp. You jump on these immediately.

(2) When a contract disappears and reappears. These usually means that there was an accepted offer that fell apart. Sellers can be a little more motivated if they were just burned on a previous offer.

(3) About three to five weeks after a contract was listed. At this point, the contract is likely many hundred listings down in a date-arranged aggregator. Also at this point some sellers are starting to worry that a contract might not sell.

I’ll add a fourth one: when the price is lowered. The seller is demonstrating they’re willing to soften their stance.

In one of my recent purchases I made an aggressive-but-not-ridiculous offer on a contract that had been on the market for months at well above current market price. Rejected with no counter and we walked away.

2 days later they reduced the price by $5/pt and I offered again, closer to where I wanted to settle ‘in the middle’ and it was accepted as-is.

 

[AstroBlasters]

You could have someone that is open to selling, but only at a certain price.

 

[bk1273]

I’ll add a fourth one: when the price is lowered. The seller is demonstrating they’re willing to soften their stance.

In one of my recent purchases I made an aggressive-but-not-ridiculous offer on a contract that had been on the market for months at well above current market price. Rejected with no counter and we walked away.

2 days later they reduced the price by $5/pt and I offered again, closer to where I wanted to settle ‘in the middle’ and it was accepted as-is.

How do you know the contract that came back is the same one?

 

[ML_LovesDisney]

Thinking of buying in and currently addicted to watching what is open. My question is why there are some contracts showing open for long periods, some very long. Is this because they are international, owner won't negotiate or something else?

I backed out of one in September because they did not disclose initially they had a delayed closing due to an upcoming reservation. The listing was up in September, it's still up. They reduced the price too, but it still can't close until 1/3 of the way through 2025 which I doubt anyone wants to be THAT delayed on a closing. So it's just sitting there. Just another random reason.

 

[jcolvin5]

I backed out of one in September because they did not disclose initially they had a delayed closing to an upcoming reservation. The listing was up in September, it's still up. They reduced the price too, but it still can't close until 1/3 of the way through 2025 which I doubt anyone wants to be THAT delayed on a closing. So it's just sitting there. Just another random reason.

That’s an unusually long time. Can’t blame you.

 

[ehh]

How do you know the contract that came back is the same one?

It never left the market. It was the same listing ID, it was marked as 'price reduced' a couple days after failed negotiations, and I simply continued the email thread with the broker.

 

[DebbieB]

They may want a price high enough to pay off their loan. Otherwise, they owe at closing. People who bought direct in recent years may owe, considering they have to pay commission.

 

[Cfabar1]

They may want a price high enough to pay off their loan. Otherwise, they owe at closing. People who bought direct in recent years may owe, considering they have to pay commission.

and those commissions are nothing to sneeze at!

 

[RoseGold]

In my experience, there are some listings that just aren't accurate, like listings for anything.