So many stripped resales…

[bookbabe626]

Has anyone else noticed that so many of the resale contracts appearing lately are either partially or completely stripped? And they’re not really priced well enough to reflect that lack of points. Anyone else assuming those are the first bunches of spec rental owners looking to unload some or all of their contracts?

 

[davidhr]

To be honest, any knowledgeable owner should strip their contracts before selling. The market undervalues loaded contracts and overvalues stripped.

 

[SaraSpringsIsHome]

We are currently in the process of selling one of our contracts. We honestly didn’t put any thought into that part; we have a Dec UY year and used all the ‘25 points for a trip we had planned 6 months ago, only deciding we wanted to sell recently.

The market undervalues loaded contracts and overvalues stripped.

Agree 100%

 

[AstroBlasters]

Has anyone else noticed that so many of the resale contracts appearing lately are either partially or completely stripped? And they’re not really priced well enough to reflect that lack of points. Anyone else assuming those are the first bunches of spec rental owners looking to unload some or all of their contracts?

That’s likely because we are over half of the way through the year and most people have either gone on their spring break/summer trip or have a delayed close until after their holiday trip.

 

[TheDailyMoo]

To be honest, any knowledgeable owner should strip their contracts before selling. The market undervalues loaded contracts and overvalues stripped.

Oh I would totally do that if I were planning on selling. Even selling for a slight discount is worth using as many points as you can beforehand.

 

[Mouseforward]

Stripped 2042 resorts are really overpriced.

 

[bookbabe626]

Stripped 2042 resorts are really overpriced.

Especially when a lot of the contracts have no 2025 or 2026 points.

 

[bookbabe626]

That’s likely because we are over half of the way through the year and most people have either gone on their spring break/summer trip or have a delayed close until after their holiday trip.

A lot of the contracts are completely stripped, they’ve borrowed all of 2026 as well as using up all of the 2025 points. For some resorts, that doesn’t leave a lot of years, and then to ask top dollar? I guess they’re optimistic, good for them.

 

[TheDailyMoo]

Just for fun go to DVCforless.com and sort by the lowest stars and look at how out of their minds some people are with their asking prices for huge point stripped contracts. People are either delusional or they're just hoping they hit a real one in a million sucker.

 

[bookbabe626]

To be honest, any knowledgeable owner should strip their contracts before selling. The market undervalues loaded contracts and overvalues stripped.

I guess I’m unusual in that I am looking for only a 2042 resort, and I don’t even glance any further at the listing if it doesn’t have at least full points.

Do buyers really pay what people are asking on some of those stripped listings? Weird. I wouldn’t have thought it was something people would overlook when buying. I mean, the whole reason I’m buying more DVC is because I need more points now, not a couple of years from now.

 

[bookbabe626]

Just for fun go to DVCforless.com and sort by the lowest stars and look at how out of their minds some people are with their asking prices for huge point stripped contracts. People are either delusional or they're just hoping they hit a real one in a million sucker.

Yeah, that’s where I was looking. I’m glad I’m not the only one who thinks some of those sellers are delusional.

 

[Mouseforward]

With RIV its usually they are upside down on the loan, Seeing some stuck at $145/$150 which was just below what the early people who bought in would still owe on a 10 year contract.

 

[HyperspaceMountainPilot]

I guess I’m unusual in that I am looking for only a 2042 resort, and I don’t even glance any further at the listing if it doesn’t have at least full points.

Do buyers really pay what people are asking on some of those stripped listings? Weird. I wouldn’t have thought it was something people would overlook when buying. I mean, the whole reason I’m buying more DVC is because I need more points now, not a couple of years from now.

If you look, you’ll notice a lot of those stripped contracts priced at or above median recent prices have been sitting there a looooooong time.