Resale Listings Market

[Pinkerbelle8]

How often do new listings come on the resale market?

I ask because...

Right now there is a resale available that meets our criteria:
AKL,
200 points,
December UY,
200 banked points from 2008,
less that $90 a point.

We will be ready to move on a resale in a couple of months more comfortably.

If we pass on this contract, how likely is it that we will see another pop up that meet our criteria?

I know there are no guarantees, and that the market is ever-changing; however, in your experience, if you are willing to wait it out, do you generally find what you want? Or, should we hustle to make an offer on this contract?

Thanks,
Pinkerbelle8

 

[dianeschlicht]

Depends on how desperate folks are to unload debt.

 

[JimMIA]

Other than to get an idea of the market and the ROFR environment, I think looking at resale before you're ready to buy can be counterproductive. You just get frustrated by seeing great contracts pass you by.

When you are serious about purchasing resale, you need to have a solid idea of what you want, and you need to be ready to pull the trigger as soon as a contract meeting your needs pops up. If you don't, someone else will. In this market, you probably have a little more time than a couple of years ago, but you still need to be prepared to move quickly.

The other suggestion I would make is to not be afraid of paying $1-2 per point more to get the contract you want. In the long run, that extra cost is miniscule compared to your dues, and we've all seen dozens of people miss perfect contracts because they paid too little and lost the contract to ROFR. It's a shame to see someone miss a great deal because of $200. Once you see a contract you really want, be sure you are paying enough to actually own it.