Stripped Resale Would you do it??

[River Country]

OK so i am shopping for a resale and i am workign with Scot at TSS and there is a 100pt BCV for $75/point but No points in 2013 only 2 coming in 2014 and then all of them coming in 2015 with a Feb UY. This is really stripped down

WWYD???? Anyone ever buy a stripped down contract like this? Is it worth it becasue of location and price?

ALL Opinions welcome

 

[Countryrunner262]

Personally I wouldn't unless I was ok with waiting to use the points and paying next years MF for only 2 available points. If I did, I would ask seller to cover closing costs and offer much less than listing price.

 

[Splashboat]

You are not really getting points until 2015 - and I assume you will be paying full dues for next year and only getting 2 points. Personally, I would wait and watch over the next year to get a better deal.

 

[disneynutz]

Work the numbers and see what the striped contract is worth.

Make your offer based on your results.

Bill

 

[nalajms]

100pt BCV for $75/point but No points in 2013 only 2 coming in 2014 and then all of them coming in 2015 with a Feb UY.

It's hard to buy a stripped contract and not borrow points when you can. I have purchased an almost stripped, ended up constantly borrowing. Now I'm looking at only full contracts or loaded ones.

Unless this is a UY you don't see much of, I'd pass.

 

[robinb]

That contract is too stripped IMO, especially since you will have to pay dues on the 98 2014 points the seller already enjoyed. I would skip it and pay more for a contract that has more points coming.

 

[bman388]

IF I made an offer on that it would probably be in the upper 50s/pp. I'm sure the seller is going to have trouble getting rid of it and if they do accept your offer, passing ROFR would be likely.

 

[Meggysmum]

I recently bought a contract with no 2013 points but all 2014 coming in March. This suited me fine as I wanted the points for next year and I didn't hae to pay mfs for 2013 points that I didn't need. However I wouldn't have considered anything with a late UY or virtually no points until 2015.

 

[NoleFan]

I would wait. The right contract will come along. The savings you may be able to negotiate because it is stripped may not be of value when you want to use the points & they are not available for quite some time.

BCV contracts in the last couple months have been in waves. None available end of March & then quite a few available end of April. We waited it out & found a smaller one. Paid a premium but it was worth it to us- some 2012 & all 2013 points.

 

[River Country]

Thanks for the input guys. I really dont think in upper 50's ppt that Disney wouldnt jump on that.

 

[Minniesgal]

I guess it depends on what your short term plans are. We don't intend returning until 2015 so had we been looking for BCV that wouldn't have bothered me at the right price.

 

[DannysMom]

Depends on your plans. If you aren't planning any trips for a while and can negotiate down a decent price, BCV points have been pretty scarce lately.

I'd personally wait. Prefer to pay a little more for a loaded contract. $75 PP for a stripped contract is too much IMO, but I am sure they priced it so due to scarcity of BCV points.

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!

 

[NoleFan]

Thanks for the input guys. I really dont think in upper 50's ppt that Disney wouldnt jump on that.

Look @ rofr thread here. One recently passed low 60's. Disney would have to hold onto that contract for a long time to re-sell it. May be able get by since don't think it would be of value to Disney? Just got email blast of 100point with current points for $82.

 

[bman388]

Thanks for the input guys. I really dont think in upper 50's ppt that Disney wouldnt jump on that.

Disney Waived ROFR on this loaded contract, so upper 50s for a severely stripped contract should pass through in my opinion.. I realize the contract you are looking at is for 100pts and those usually go for more.. Even so, I still don't think Disney would touch it.

ProfessorChris---250 BCV (Oct), $62, 86 banked 12 pts, all 13 & 14 pts, buyer pays admin fee, seller pays closing & mf (sub 4/10, passed 4/30)

 

[robinb]

Disney Waived ROFR on this loaded contract, so upper 50s for a severely stripped contract should pass through in my opinion..

ProfessorChris---250 BCV (Oct), $62, 86 banked 12 pts, all 13 & 14 pts, buyer pays admin fee, seller pays closing & mf (sub 4/10, passed 4/30)

I guess if the OP is not in a hurry they can offer in the mid-low 50's. The 100 stripped 2014 points is "worth" about $18: $12 for what it would cost to replace them on the open market and $6 for maintenance fees. I wouldn't offer more than $75-$18.

 

[agie65]

OK so i am shopping for a resale and i am workign with Scot at TSS and there is a 100pt BCV for $75/point but No points in 2013 only 2 coming in 2014 and then all of them coming in 2015 with a Feb UY. This is really stripped down

WWYD???? Anyone ever buy a stripped down contract like this? Is it worth it becasue of location and price?

ALL Opinions welcome

For this price I will go direct 75+2 year points, lower direct closing cost, points can be used elsewhere.
People come to resell to save money, not to come out just shy of direct price. Even for $50/pp don't think disney will touch it, they have to sit on this for 2 years.

 

[ELMC]

Stripped contracts are not necessarily bad and loaded contracts are not necessarily good. It's all about the net price per point, not the asking price per point. The net price per point on this contract is awful, and I wouldn't touch it with a ten foot pole.

 

[diane648]

We picked up a 75 pt. loaded BCV contract @$75 / pt. I know the prices have gone up recently, but I'd wait.

 

[Kidanifan08]

Interestingly, a 150 "sister" contract to the one you are talking about is listed as sale pending. It would be interesting to know what it sold for, but I don't think they can tell you.

Personally, I would not buy something with no points for 2 years. I can always figure out a way to use the points that come with a loaded, or at least current year, contract. Of course, we are currently in the once a year travel mode. If I knew we wouldn't be back for 2 years, and it was the right UY and number of points, I may be tempted, but the price would have to be low --- in the $50's, as others have suggested.

 

[ELMC]

It's one thing to use up the current year's points. It's a whole other story to borrow next year's points into this year and then use them up as well. So let's say you buy this contract. You write your big check and then do what? Wait two years before you can vacation without setting yourself back by borrowing?