Should I expect to pay full asking price for small or loaded contracts?

[pmaurer74]

I am looking at purchasing a small and loaded contract at 1-2 places. I know I would be paying more per point but I would like 11 months out for 2 places as an option and alternate places each year. I have never offered on a contract and want to be prepared for when one comes available.

 

[disneynutz]

I am looking at purchasing a small and loaded contract at 1-2 places. I know I would be paying more per point but I would like 11 months out for 2 places as an option and alternate places each year. I have never offered on a contract and want to be prepared for when one comes available.

If you are going after a high demand contract offering full price would seal the deal if someone else doesn't make an offer first. Other contracts you have the time to make a lower offer and see what the counter is.

The smaller contracts that we sold were gone the same day as listed at a premium price.

Bill

 

[sgrap]

In February, we offered low on a loaded 300 pt VGC contract that had been on the market for a couple months and the offer was accepted without even a counter offer. A week ago, we inquired on non loaded (but not stripped) 100 pt vgc contract that had just been listed a few hours before. They had already had less than full price offers that the sellers had rejected, so we paid full price because it was the use year we wanted, the points we wanted and had points coming on 12/1/15. Of course VGC is a very small resort and DVC isn't even taking wait-list names anymore, so it is in demand, so it might not be a fair representative of the other DVC properties.

 

[JimMIA]

If you are going after a high demand contract offering full price would seal the deal if someone else doesn't make an offer first.

Good advice. Small contracts often don't even make it to someone's webpage. If it's small and what you want, I'd go for it.

 

[chicagoshannon]

Depends on what you mean by small.

We offered below asking for a 38 point contract and the agent wouldn't even present it to the sellers. Said they already had multiple other offers.

We ended up paying full asking on a 25 point stripped contract.

 

[pmaurer74]

I am thinking of 50-150 points contracts. I have signed up for email alerts for about 5 of the resale agencies. Are those notifications good enough or do I need to find a rep that will notify me before the email blasts?

 

[JimMIA]

I am thinking of 50-150 points contracts. I have signed up for email alerts for about 5 of the resale agencies. Are those notifications good enough or do I need to find a rep that will notify me before the email blasts?

For a 150 point contract, time is not so much of an issue because contracts that size are fairly common. But for anything smaller than 100, they go very quickly.

IF an agent will call you before the email blast, that would be great. But I don't know if any will really do that.

 

[KAT4DISNEY]

I also don't know of any sellers that would call you before listing. You might get lucky by calling them but they really have no need to reach out other than email since the small contracts sell easily. On a 150 points contract you will probably have some ability to negotiate - as Jim mentioned they are a relatively common size contract.

 

[sgrap]

The Timeshare Store sends out e-mails and tweets and posts on their FB page a couple of times a day with their new listings. That was how I scooped up our new contract a week ago. A couple of others send out e-mails to their list before posting them publicly.

 

[DWorldOrBust]

I am looking at purchasing a small and loaded contract at 1-2 places. I know I would be paying more per point but I would like 11 months out for 2 places as an option and alternate places each year. I have never offered on a contract and want to be prepared for when one comes available.

I wa in the market for a 50pt VGF contract. I found one that was higher than I thought it was worth. I offered $15 less pp than the list price. I wasn't desperate or chomping at the bit because I didn't care for the UY so when the agent countered I simply replied that my initial offer was my "best and final". Needless to say the seller accepted and I now have 2, 50pt VGF contracts.

Edited to add that this was in April, prior to VGF selling out and the waitlist being closed.

 

[coastalhh]

We have paid list for small contracts and just got very close to list with another. If it's small chances are the difference is only a few hundred dollars anyway and we aren't willing to lose one with the right amount of points and right use year over that.

So in short if we are I the market for a small contract with what we want we don't try to haggle much. If it's a 200+ point we are willing to lose it for the better deal.

 

[djohn06]

In this environment, 50 point contracts at a WDW resort will go for asking. That's why they have gone up 20 percent the past 12 months.

You can counter anything at AKV, SSR or OKW between 100 to 150 except loaded ones, especially fully loaded. If its fully loaded with 3 years worth of points, they are selling before many brokers can send the email out.

You can also counter any stripped contact over 100 pts at just about any resort.

 

[pmaurer74]

In this environment, 50 point contracts at a WDW resort will go for asking. That's why they have gone up 20 percent the past 12 months.

You can counter anything at AKV, SSR or OKW between 100 to 150 except loaded ones, especially fully loaded. If its fully loaded with 3 years worth of points, they are selling before many brokers can send the email out.

You can also counter any stripped contact over 100 pts at just about any resort.

how do they sell before the email goes out?

 

[Dean]

I am looking at purchasing a small and loaded contract at 1-2 places. I know I would be paying more per point but I would like 11 months out for 2 places as an option and alternate places each year. I have never offered on a contract and want to be prepared for when one comes available.

Just realize you're going to pay roughly $10 a point more total in this situation all else being equal. If it's a small and truly loaded contract and is market price, I'd just buy it in this size and not risk losing it. If it's overpriced, I'd offer a reasonable market price. For a smaller and perfect contract, I wouldn't try to get a deal if it makes sense anyway.

 

[ldo]

I listed my 50 point semi-stripped (25 points coming later that year) contract for $5 over what the broker recommended (based upon recent sales and b/c it was somewhat stripped). I got an offer for $5 less the 1st few hours, I countered with $2 less (still $3 above the going rate)--Sold on 1st day.
As a buyer, I agree with PP. I found a perfect loaded contract at a decent price. I called and offered full price to get it.

 

[supersnoop]

In my opinion, too many of the small contracts have been way overpriced recently. But they still seem to be selling very quickly. I'm willing to pay asking price if that price is reasonable. So, my advice is to keep watching the market and pounce when you see something reasonable priced.

 

[djohn06]

how do they sell before the email goes out?

Broker let me know ahead of time. I've purchased several contracts from him in the past.

 

[Disneybuckeye]

Small contracts do go fast and I have paid full price in the past if I was comfortable with the price. We recently bought a 50 pt BW contract. I truly believe I paid $5 more per point than it was worth, but it matched our use year and was the amount of points I wanted. For $250 I have 28 years of points where I want in the use year I want. Worth every penny to me.

 

[specalkay]

Small contracts do go fast and I have paid full price in the past if I was comfortable with the price. We recently bought a 50 pt BW contract. I truly believe I paid $5 more per point than it was worth, but it matched our use year and was the amount of points I wanted. For $250 I have 28 years of points where I want in the use year I want. Worth every penny to me.

How much did you pay for your 50 point contract?? I have a 50 loaded point BWV that I am going to sell soon and I am trying to price it!

 

[Humphrey_Bear]

Small contracts do go fast and I have paid full price in the past if I was comfortable with the price. We recently bought a 50 pt BW contract. I truly believe I paid $5 more per point than it was worth, but it matched our use year and was the amount of points I wanted. For $250 I have 28 years of points where I want in the use year I want. Worth every penny to me.

Same thing for us. I had made an offer on a 50 pt BCV contract at $5 pp less. It was refused and the contract gone within minutes. When the fully loaded VWL contract came up for a price I thought was a bit high - I just grabbed it. $250-$400 more up front for us is worth the many years of use.