Resale question....price negotiable?

[moredisneyplease]

The Timeshare store website lists the prices of all of the current resales and I'm wondering if those prices are "negotiable" like when buying a home.....or is whats listed the as is price? Thanks in advanced!

 

[salmoneous]

Yes - they are negotiable. Make an offer - the worst that can happen is you get turned down. But unlike houses, most do sell for the listed price.

Reading reports on the DIS, I think the most common concession is to get the seller to pay some/all of the closing costs.

 

[RobDoc]

Yes, resales are negotiable - HOWEVER - you also need to be aware that DVC does have first-right-of-refusal (ROFR) on all sales. This means that once the sellet has accepted your offer they will submit it to Disney who then has 30 days to either purchase the contract for the same amount or allow the sale to go thru.

You might want to look at the ROFR thread on this board which lists reports of sales for each DVC resort over the last several months.

Feel free to offer something less than the asking price, but be aware of the recent ROFR levels to make sure you are in the ballpark. The closing costs can also be included in the offer, so give that some consideration too.

Good luck!

 

[moredisneyplease]

Thanks for all of the information!

 

[wclinch]

Yes, resales are negotiable - HOWEVER - you also need to be aware that DVC does have first-right-of-refusal (ROFR) on all sales. This means that once the sellet has accepted your offer they will submit it to Disney who then has 30 days to either purchase the contract for the same amount or allow the sale to go thru.

You might want to look at the ROFR thread on this board which lists reports of sales for each DVC resort over the last several months.

Feel free to offer something less than the asking price, but be aware of the recent ROFR levels to make sure you are in the ballpark. The closing costs can also be included in the offer, so give that some consideration too.

Good luck!

What is the ROFR thread? Can you post a link?

Thanks!

 

[fers31]

Here is the link: http://www.disboards.com/showthread.php?t=1960185

 

[lapeter]

I know first hand that many seller are currently negotiating on their asking prices. This is a buyers market except for smaller(under 100 pts.) contracts. Ask your agent how long the contact has been on the market and factor that in. I would decide what I wanted to pay, considering ROFR, and make my offer. I have had a couple of sellers that turned me down call back a while later and agree to my offer. This is the same as the residential housing market. Right now lower priced homes are selling in some areas and the larger homes are just setting there. There are fair prices out there, but you need to do home work. As an example right now at BWV a price of $78 to $80 a pt. is passing ROFR and some lower prices have gotten through ROFR. Good luck.

 

[permavac]

Another thing to be aware of - I bought my resale through the TTS. I made an offer lower than the asking price and it was accepted, HOWEVER, the price on their website still indicated the original asking price when they updated it to "Sale Pending". So, you don't really know what the actual selling price is by looking at their website since they do not update the price to reflect it. You're better off looking at the ROFR thread to see what actual sales prices are out there. FYI...

Terri

 

[tinkertastic]

I read the ROFR thread religiously for 2 months. Once I felt that I had a good grasp on what the trend was I made an offer on a fully loaded contract (all points available from 2007 and 2008). My original offer was 8$ lower per point than asking price. We negotiated back and forth till we came to an agreement. I would say definitely do your research, and I also believe in this market most resale contracts are negotiable. Good luck to you