- Joined
- Nov 15, 2008
- Messages
- 48,885
I am now afraid to post if I get a good deal![]()
And see, it shouldn’t matter…but it does now.
I am now afraid to post if I get a good deal![]()
I was ignorant and probably still ignorant with this thread. If so, I apologize. Maybe I came into the thread for the wrong reasons, maybe not. It comes down to perspective.
People are free to post their thoughts but they need to recognize that it’s changed how and what people post in this thread.
People here take things to personal. An outlier now does not mean they will have difficulty with a good sell years down the line. There are all kinds of buyers that will pay more to get the contract they want and sellers that will just want to get rid of it for a low price. Its not like oh someone got key west for 70 dollars damn them now ill never be able to sell for more. So ridiculous. (Not you, just people than have an issue with someone getting a certain price)I have a very good idea why - some people know they will be sellers and want to keep the values high. I get it.
I am fine with how everthing plays itself out. As long as everyone is respectful in their responses. I think we should be able to say what we think and post what we think. It’s if we are being told that if we do give opinions related to string postings that the thread will be shut down, that’s what I would not be okay with and I thought that is where it was headed.
Nothing is getting shut down and I never said or implied it would.
I simply shared that people do not use this thread to post anymore the way they used to after being asked if unsolicited advice is allowed.
Again, I don’t think that is true. Read my comment again. (sorry I can’t link it right now)Your take is that you assume those posting want or need unsolicited advice to ensure they got the best deal based on others standards.
Again, I don’t think that is true. Read my comment again. (sorry I can’t link it right now)
I said best for them, NOT for everyone else.
I read it as uninformed lololol. But you’re right. Have gotten some incredibly useful information from people on here.That’s fascinating to me. I view these boards and this thread as such a small, niche corner of the DVC owner base, that I just cannot imagine that they would have any meaningful impact on the overall DVC resale market. If you spend any time on DVC facebook groups, you realize just how small and incredibly informed people here on the DIS Boards are.
I guess I see your point, but I don’t think our advice is to tell people they didn’t get a good enough deal, it’s to make sure they got what they really wanted.I was responding to only this part “isn’t that why we are all here?”
I guess I see your point, but I don’t think our advice is to tell people they didn’t get a good enough deal, it’s to make sure they got what they really wanted.
Also, I do agree we want everyone to post so it keeps the data realistic, but if we just wait for people to ask for opinions there will be a lot of people learning the hard way, instead of just getting opinions they didn’t ask for.
I understand delayed closings but how would one get taken advantage of with a stripped contract and delayed closing? How would a seller give the appearance of a deal?Once in awhile, I think some people see a contract on here where they feel compelled to tell the person that they might be getting a deal where they’re arguably getting taken advantage of. I think stripped contracts with delayed closings are one of those because a buyer might not realize what the seller did to extract maximum value for themselves while giving the appearance of a “deal” to would be buyers.
So, there is a common strategy often referred to as "strip and flip." You buy a contract (or before you decide to sell one of your contracts), you rent out all available points for $20+ per point, and then sell the contract at a reduced price/point that looks like an incredible deal. The seller even agrees to reimburse for dues for the years where there aren't any points. But, the seller is making out because even with the dues reimbursement and the lower price per point, they are making more money between the renting than if they left all the points on the contract and sold it at more of an average market price. Another tell tale sign of this is a delayed closing after December because December and the holidays is a peak time to rent out points and get a premium for them.I understand delayed closings but how would one get taken advantage of with a stripped contract and delayed closing? How would a seller give the appearance of a deal?
I'm impressed they let it go for that low, congratulations!DrOPS---$144-$25601-160-VGF-Dec-0/24, 212/25, 160/26, 160/27- sent 3/16, passed 3/23
I’m absolutely thrilled as we passed ROFR in just 7 days at VGF. I was half expecting Disney to snap up the contract but so happy we passed. The extra points available will be put to very good use !
The information on here has been absolutely invaluable. I waited until a contract with a good amount of points included became available and offered.
Thanks all![]()
Not sure taken advantage of is the right words. Not every single new to DVC person realizes that if your contract is stripped until 2028 you can’t stay into 2028, yes I have seen people who do not realize this. Not every new person knows that points are typically valued at $20 pp.I understand delayed closings but how would one get taken advantage of with a stripped contract and delayed closing? How would a seller give the appearance of a deal?
So, there is a common strategy often referred to as "strip and flip." You buy a contract (or before you decide to sell one of your contracts), you rent out all available points for $20+ per point, and then sell the contract at a reduced price/point that looks like an incredible deal. The seller even agrees to reimburse for dues for the years where there aren't any points. But, the seller is making out because even with the dues reimbursement and the lower price per point, they are making more money between the renting than if they left all the points on the contract and sold it at more of an average market price. Another tell tale sign of this is a delayed closing after December because December and the holidays is a peak time to rent out points and get a premium for them.
A buyer would be much better off buying a fully loaded contract and, even if they didn't want all of those points, renting them out themselves. IOW, the current market overvalues stripped contracts and undervalues loaded contracts.
I see it differently. When you do a delayed closing, you can leave your money where it is, or if it’s a situation where you know the funds will be there with the delayed closing, it allows you to lock in the contract that meets your needs now.
There is no set value for points missing. I don’t get the notion that the first years points are worth rental rates, but all the rest are not?
Yes, some believe they should be valued at rental rate, but again, that’s just one way to value it. I certainly don’t value them at that rate.
Renting is work and not everyone wants to deal with that because it’s not always about getting the lowest possible price or best of the best deal
Some are okay with it being a fair deal that meets their need.
Buying a stripped contract with a delayed closed can be a great deal for a buyer who doesn’t need the points and likes knowing they have time.
It comes down to ones opinion on what the goal is. Lowest possible price? Or a contract that meets one’s needs, even if someone else might not think it’s a great deal.
I agree. I don’t think my choice to use those words were the best. Maybe a better way to say it is that there are different ways to see the economics, pricing, and risk with respect to stripped contracts that may or not be immediately apparent to potential buyers. I think some of us see it as needing a pretty big discount (bigger than the market tends to value them at) before we'd consider a fully stripped contract.Not sure taken advantage of is the right words.
Agreed. I think that is a good point and even my most recent resale purchase did not have a full year’s worth of completely free (as in not banked or borrowed) points until October 2027, and one reason I didn’t care is because I don’t need a lot more points until then. And, if you don't need the points and don't want to mess with renting, I think a fully stripped contract can make sense for the right buyer.Buying a stripped contract with a delayed closed can be a great deal for a buyer who doesn’t need the points and likes knowing they have time.