Sale Pending?

EM Lawrence

DIS Veteran
Joined
Sep 17, 2018
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Do you think brokers sometimes change the status of listings to either “sale pending” or “offer accepted” when what has really happened is that the listing has been deactivated or pulled by the seller?

I put in an offer with a broker and they claimed the seller would not respond when they tried to reach out, so they told me they were going to deactivate the listing due to an unresponsive seller. I had no reason to believe they were not telling the the truth. Then the next day the listing I had bid on was showing as “sale pending” insead of disappearing.

There are also a few other listings with a different broker that were listed much higher than current market price (even just based on the other listings from the same broker) and had notifications on them that the sellers would only accept full price offers. Now they are sale pending. So either the broker is being misleading, or the seller found someone who REALLY REALLY wanted that listing badly enough to overpay for it after it had been sitting on the website unsold for months. Things that make you go hmmmmm. :confused3
 
I agree, there seems to be a bit of funny business going on right now. What I am noticing is that listings that are reduced disappear and reappear magically (pun intended) as "new"! I check all the brokers daily as I tend to buy on opportunity and you never know when a deal will pop up. I've never seen this kind of weirdness in 25 years!

Lately, it is at least 50% surgically, stripped contracts on one particular broker's website and most of them are overpriced. If you look at their pending listings, they are not stripped and seem to be regular DVC owners, not super owners and the list prices seem reasonable. Basically, the current listings are mostly junk!

I'm just going to watch and wait. I believe at this point, I know what a real value is vs an inflated listing. I know there are lots of people out there that don't know a real value and perhaps they are keeping this marketing humming... I'm not even going to make an offer unless I see some meat on the bone and a reasonable price. My money will sit in my account until sanity returns to this market.
 
Is it just my perception or have sales seemed to slow down in the past week vs 2-3 weeks past? The ROFR thread seems to be moving more slowly, but it could just be my imagination.
 
Is it just my perception or have sales seemed to slow down in the past week vs 2-3 weeks past? The ROFR thread seems to be moving more slowly, but it could just be my imagination.
I think DVC being closed is causing everything to move S-L-O-W-L-Y
I'm on day #26 of ROFR but several that were submitted right before me are now starting to hear back that they passed so I'm anticipating any day - but hopefully TODAY!
 

No doubt RORF has slowed down. That’s a bummer for sure. But I think new sales being added to the thread has also slowed down.
 
I agree, there seems to be a bit of funny business going on right now. What I am noticing is that listings that are reduced disappear and reappear magically (pun intended) as "new"! I check all the brokers daily as I tend to buy on opportunity and you never know when a deal will pop up. I've never seen this kind of weirdness in 25 years!

Lately, it is at least 50% surgically, stripped contracts on one particular broker's website and most of them are overpriced. If you look at their pending listings, they are not stripped and seem to be regular DVC owners, not super owners and the list prices seem reasonable. Basically, the current listings are mostly junk!

I'm just going to watch and wait. I believe at this point, I know what a real value is vs an inflated listing. I know there are lots of people out there that don't know a real value and perhaps they are keeping this marketing humming... I'm not even going to make an offer unless I see some meat on the bone and a reasonable price. My money will sit in my account until sanity returns to this market.

I noticed something funny with the contract that I have at ROFR now. It's at Fidelity. It was listed back in February or March as available. I was interested but wanted to wait a bit to see how stuff was panning out. Then it went to pending in April, I think. Then it came back in late April/early May as available. The offer, a little below list, was accepted quickly, and everything was signed by the sellers very quickly too. I wondered if someone had backed out of the original sale or something, so they were eager to get it sold.
 
I noticed something funny with the contract that I have at ROFR now. It's at Fidelity. It was listed back in February or March as available. I was interested but wanted to wait a bit to see how stuff was panning out. Then it went to pending in April, I think. Then it came back in late April/early May as available. The offer, a little below list, was accepted quickly, and everything was signed by the sellers very quickly too. I wondered if someone had backed out of the original sale or something, so they were eager to get it sold.
I believe you are spot on. I figured this would happen and there are probably many "breakups" that haven't been relisted yet. You really have to be on it to find a listing like that and a hungry seller. I have been watching Fidelity too...problem is they are slow as death updating a listing to pending, so you never know what the true status is. All brokers are likely dealing with this. Good for you!!
pixiedust:
 
I believe you are spot on. I figured this would happen and there are probably many "breakups" that haven't been relisted yet. You really have to be on it to find a listing like that and a hungry seller. I have been watching Fidelity too...problem is they are slow as death updating a listing to pending, so you never know what the true status is. All brokers are likely dealing with this. Good for you!!
pixiedust:

I had been stalking several sites on a daily basis for weeks. Luckily, Fidelity, so far, has been really quick and on the ball for me.
 
I’ve had quick responses from Fidelity as well, but their website is woefully lacking. Several contracts I have put offers in on were already sold and not updated to reflect that. But the broker who has responded to me has been quick and polite. It’s funny, I’ve made enough offers that I’ve figured out which brokers I do and do not like dealing with. And I’m much more reluctant to put in a future offer with a broker who has been slow or slightly rude.
 
I just offered $13 less than listing on one contract (it was already a great price) and when the broker replied to tell me it was already sold they added that "FYI it sold for $20 more than you offered." Color me skeptical. 🧐
 
When there is an issue, some brokers do this vs pulling the listing. I had to make an adjustment for a contract I was selling.

After a few weeks of no offers, I ended up transferring points and we had to update listing but they had to get an accounting from Disney again. So agent out sale pending while we got it so it didn’t show the wrong number of points.
 
Over the next few months might be just the time to get a really really good deal. Bid extra low. Some sellers will be getting more desperate in the next few months and Disney hasn't yet restarted their ROFR business.
 











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