Seller pulled listing after I submitted an offer...

[Vigile]

Well, that was disappointing. After debating back and forth between two listings for some BLT points, I finally pulled the trigger and offered a near-asking price for a listing on a popular DVC resale website. Got a call back a couple hours later that the buyer was contacted, then decided to pull the listing completely and not sell the contract.

Well darn it. So much for that exciting Saturday!

This something that is common? Usually I would expect the BUYER to have the remorse, not the SELLER.

On to the other listings...

 

[JETSDAD]

Being in real estate myself (not timeshares) we do see it from time to time. Sometimes people like the idea of selling until an offer hits the table and it becomes real. Other times situations just change. Good luck on your next offer!

 

[sndral]

Better to find out now than have them change their mind at the end of the process and just not sign the closing docs. or some other nonsense like occasionally happens. Some people are just wishy washy I guess.

 

[Doberge]

Near asking price is not asking price, so if the seller became frustrated they may close shop. It's probably frustrating at both ends to feel wasted time. Good luck with your next one!

 

[PatMcDuck]

I saw a listing at $88 change to $92 recently. I had seen price drops, not price increases, lol. I think it was for Boulder Ridge. I was watching listings carefully for a few weeks to understand what was a reasonable price, what was a great deal, and what was too high (and I could perhaps still consider, offering more below list price than other contracts).

Hope you find another one! I like my deal that is in ROFR, but saw another that was close, but I need to see what happens on mine first before really looking for an alternative. (better to find out now before the ROFR process)

 

[disneynutz]

Some people find it difficult to let it go.

Bill

 

[supersnoop]

If you had made a fullasking price offer, then the seller would probably be on the hook for the commission when they pulled it.

 

[longboard55]

I saw what I wanted and offered full price, it was automatically approved, the agent did not even ask the owners.

 

[gharter]

That sucks, but better to have that early than to waste more time. Good luck finding another contract. There are always more out there, just have to find the right one.

 

[Debbie Jean]

Until papers are signed people can just walk away.

I had a buyer make an offer on a contract I was selling and when the papers went out changed his/her mind. Maybe they found a better deal. Works for sellers and buyers ... if they can find something else and nothing is signed they can walk. On the other hand maybe they decided it was too much money and got cold feet. I’ll never know.

Not an everyday occurrence and it sucks but it happens. Better luck with your next offer!

 

[crisi]

Well, that was disappointing. After debating back and forth between two listings for some BLT points, I finally pulled the trigger and offered a near-asking price for a listing on a popular DVC resale website. Got a call back a couple hours later that the buyer was contacted, then decided to pull the listing completely and not sell the contract.

Well darn it. So much for that exciting Saturday!

This something that is common? Usually I would expect the BUYER to have the remorse, not the SELLER.

On to the other listings...

We had that happen with the first contract we offered for - almost 20 years ago. It was owned by two different parties (two married couples maybe? Its in the past and fuzzy). One wanted/needed to sell and the other was more ambivalent. We made a full price offer, and they decided not to sell at all. The agent said that its not uncommon in that situation - I suspect they made some accommodation between the couples to pick up fees and buy out over time.

DVC can be more of an emotional purchase than a common sense one that can make it difficult to sell. And I would expect it happens more often now than it did - back then the rental market was OK, but it was all private. Now, if you aren't carrying a loan and don't need to get your capital out, it makes sense to just rent points out rather than sell if you are at all on the fence. Which I think is a lot of people who resell - if its a temporary economic setback they don't want to regret it - if its a timing of life thing (say the kids are leaving home - and they might want it for grandchildren in a few more years) they don't want to regret it.

 

[lovin'fl]

We first bought DVC in 2006 and have since added 5 more resales and 3 direct contracts and resold one contract. We have made many offers but only had one get taken by the mouse in ROFR and one get cancelled by the seller after 9 days in ROFR (who then relisted it with a 'can't close until' date and less points than before but same price...so they booked another trip or rented out points). We had a couple offers get flat out rejected too. And we aren't big time low ballers but some sellers only entertain their list price. I have heard of some realizing their price is too low...so that may be OP's situation. Sellers will likely relist at a higher price. Or it just could be that they were testing the waters but weren't really serious about selling.

 

[Deb & Bill]

Sometimes the owner realizes that they will not make enough on the sale to cover their balance on the purchase contract once they pay the commission on the sale. So they might rent it out or let it go into foreclosure.