I have to rant about a particular broker, not the board sponsor!
There are no edits to the following email I received except where I inserted the word sellers. This is regarding an OPENING offer I made on a BLT contract. I figured, we would maybe go back and forth and meet somewhere in the middle. There are 0 2016 points with only partial points coming on in DECEMBER 2017. I received the following email from a broker regarding my offer on a contract:
"They [sellers] are unwilling to take $100 per point since if they pay costs and dues the offer is really on about $90 per point. Disney is buying back Bay Lake up to prices of $114 per point. Sellers will not pay dues and closing costs except when there are no points allotted for 2017. Although the points come later in the year they are usable from Dec 2016 forward. I am sorry but you will need to pay closing costs and dues on this one and make a higher offer for them to consider even countering."
I mean really?!? MF's are tied to calendar year and not UY. They won't pay ANY MF's for 2017 when they have no 2016 points which is really December 2016 and Jan-Nov 2017?!? You only get some of the points in December 2017 which is one month before the end of the year for all of December 2017 and Jan-Nov 2018, but I should pay all the MF's for 2017?!? Maybe I should just pay over $114pp because then I know Disney won't be interested. Seriously?!? This agency is the absolute worst. Not the board sponsor, I actually love Rachel. This is who I used the first time around but with a different specific broker, and it was a terrible experience last year. I thought maybe he was a one-off because others seemed to like the firm. The second broker at the firm has been nothing but rude, snide, and unavailable. This is classic fool me once, shame on you. Fool me twice, shame on me. I will NEVER use them or recommend them to anyone! I can go on and on, but I will end it there!