Tiny Vent

[CMOORE185]

I'd think someone who wants to sell it quickly would already have a lower price set.

I think they get talked into a common price point by agent as they do want to sell for the most they can. Once they get an offer some are anxious to sell and are willing to bargain. When I bought resale I had a price in mind much lower than the common asking price. I made one offer after another until someone finally accepted my price.

 

[Dean]

I'd think someone who wants to sell it quickly would already have a lower price set.

Not necessarily. I've seen offers accepted on timeshares that were less than 10% of the listing price. I realize that the numbers are different for DVC but the principles hold. However, I think there has to be a balance between getting the best price and how much work, effort one puts in for most people.

 

[crisi]

There is an AKV 50 pt. contract on one of the resale listings right now for $170 pp. I don't think they made a good estimate if they want to sell that contract.

Its possible that they don't want to sell it, but have agreed to list it. If they get that price for it - awesome - chances are that they won't, but they didn't really intend to sell it anyway.

Happens sometimes in a divorce.

 

[MarlaSingersLaundry]

It was the way it was said.. In a condescending tone.. As if my offer was not worth his time..

I think I have run into this agent before. He didn't like my offer and told me so. Looking at the ROFR list, I knew I was in the range, though low. I found another suitable contract at the price I wanted to pay with another broker.

I think there is an inherent conflict with one broker representing both seller and buyer in a commission based scheme. In my experience, one of the commonly used brokers are tend to have higher selling points than the others.

 

[Sandisw]

You want to get the best deal you can and you do not know how badly someone wants to sell unless you make a low offer. The seller needs to have thicker skin and make a counter offer or say they are firm on their price.

I have to agree with you and I for one, when I was looking, at a price point in mind and offered until I had someone who was willing to accept what I wanted to pay...it took for owners to find one, but I did.

When I sold, it didn't bother me to get a few lowball offers because I know that everyone wants the best deal for them...and, as you say, they wouldn't know what I was willing to take without putting it in.

I don't really understand the concept of being offended by a low offer...but that is just me...I certainly understand a seller declining and it is certainly their right to not counter so when putting in a much lower offer than asking, it is a risk.

But, I also don't think that the brokers should make any potential buyer feel like they have done something wrong for trying to get a lower price...

 

[TaraPA]

This is a great thread for a DVC newbie. I'm not new to WDW or DIS, but have finally crunched the numbers & decide its time to buy a resale. We go 4-5x a year, smaller trip of 4-5 nights, and often stay DVC. I've been renting points for years.

The listings say to "make an offer" but is this like regular real estate where negotiations are involved, or do sellers pretty much want what they've asked for?

For example, I'm looking at a resale that's asking $84/pt. Looking at the ROFR list, current contracts for that resort have only sold at $65-$75/pt....so I am being fair to offer lower? Or is that not acceptable in DVC resales? I guess what I need to know is, how common is it for a seller to accept a lower offer? Or are most contracts sold at listing price?

 

[chukdotcom]

This is a great thread for a DVC newbie. I'm not new to WDW or DIS, but have finally crunched the numbers & decide its time to buy a resale. We go 4-5x a year, smaller trip of 4-5 nights, and often stay DVC. I've been renting points for years.

The listings say to "make an offer" but is this like regular real estate where negotiations are involved, or do sellers pretty much want what they've asked for?

For example, I'm looking at a resale that's asking $84/pt. Looking at the ROFR list, current contracts for that resort have only sold at $65-$75/pt....so I am being fair to offer lower? Or is that not acceptable in DVC resales? I guess what I need to know is, how common is it for a seller to accept a lower offer? Or are most contracts sold at listing price?

Yes, you can (and should) offer lower. Most contracts are sold below ask (other than maybe the 50 pt ones).

 

[ELMC]

I think I have run into this agent before. He didn't like my offer and told me so. Looking at the ROFR list, I knew I was in the range, though low. I found another suitable contract at the price I wanted to pay with another broker.

I think there is an inherent conflict with one broker representing both seller and buyer in a commission based scheme. In my experience, one of the commonly used brokers are tend to have higher selling points than the others.

Technically, the broker represents neither the seller nor the buyer. They are transaction brokers, which means that their fiduciary responsibility is to the transaction. Now, it is up to brokers to determine how to best do this, and different brokers do so differently. But contractually speaking they are not looking out for the buyer or the seller. They're just trying to get the deal done in the best way possible while maintaining the integrity of the process.

 

[pharm55]

He also said they will relay any offer i want, as long as the seller had not been presented with a higher number before.. Which after factoring in closing cost and MF they hadn't. Anyways I'm moving on.. My agent I normally deal with comes back today, and will be dealing with only him from now on..

When we made an offer on a resale we asked what offers had been presented to the seller that had been refused and the agent was very open with that information. We made an offer in the middle (which seller rejected) but agent was fine with putting forth an offer lower than highest previously presented and rejected. Just because they refuse offer a today doesn't mean seller won't accept something lower in future if listing sits.