We have the cash - what's next? Help with resale.

[karen4546]

We have the cash for 100-150 pt resale contract. I think we want either AKV or BWV. I know the expiration of both (current owners at AKV).

I will want to match my UY. I found two contracts that look good but the asking is 25-30 more per point than what has recently passed according to the ROFR board (which I have been stalking for many many months).

So a few questions...

Does anyone prefer one agent over another? I see the names listed for agent on Fidelity but should i ask for a particular person? Does it matter?

If a contract has all the points available (none banked) and they are asking $125 pp for 160 pts would offering $105 pp be insulting? AKV

Should i wait for a reply before I offer on another contract if my intention is to only buy one contract ? I don't want multiple offers to be accepted but I also would not want to lose out on a contract because I was waiting...

Should I buy SSR or OKW for SAP points (use them for booking 1 bedrooms at the 7 month mark) for the cost savings?



Any tips? particular resaler?

side notes: We love BWV and are in our 50s and so the 2042 exp is fine for us. If we bought SAP, we would probably use them for booking 1 bedroom villas and not studio villas unless we got lucky

 

[tom1944]

Offer what you want and negotiate. These will not be the last contracts available.

Offers are never insulting.

 

[Sandisw]

I never worry about insulting anyone, and as a seller, I was never insulated to get one. As I shared, when I put in a substantially lower offer than asking, I always am upfront with the broker thar I know it is low but it’s what I want to pay.

I can’t really help with choice of resort because I don’t like AKV, so BWV has to be it…but I wouldn’t buy BWV today because of the expiration,,which is why we sold for RIV…even in my lare 50s, our kids want to continues to have points

If you find the right contract, with right UY, and the number of points fits what you want, I would never let prices here deter you from bidding and buying it.

 

[sndral]

I don’t know about BWV, but I keep an eye on AKV because I own there & like staying there. There are about a dozen brokers w/ around 185 AKV resale contracts on the market w/ asking prices ranging from $108 per point to $157 per point ATM. Of those, 29 listings are for contracts in the 100-150 range & there’s an additional 50 listings for contracts w/ 160 points.
I wouldn’t worry about insulting sellers or the agents/brokers who have their contracts listed, this isn’t a social event, it’s a business transaction, your goal isn’t to cater to the feelings of a seller you’ll never meet or deal w/ again, or an agent/broker who has 100s of listings to sell in a declining market, I assume your goal is to purchase an item at the best price you can in today’s market. Sure there are sellers waiting for the market to turn or hoping for the unicorn uneducated buyer to offer above market value for their contract, but there are also sellers who are serious about selling their contracts & want to do so sooner rather than months from now & it’s that seller that you want to find.
I’d probably just start working through the list of acceptable contracts, make an offer at the price I wanted to pay & if no response in a day or 2 make an offer on the next one, it’s not like AKV contracts are a rare commodity ATM.

 

[Nabas]

A month or two ago, it was a buyer’s market. Now it’s more balanced. A few prices even have started to inch up again in the last week or two.

 

[sndral]

A month or two ago, it was a buyer’s market. Now it’s more balanced. A few prices even have started to inch up again in the last week or two.

Listings had dipped to around 1600 a couple of weeks ago from a high of 2600 in I think it was Feb.. But they’re creeping up again - to back over 2000 listings, so I’m not ready to say the market is poised to rebound just yet. Of course I’ve never been adept at market timing so .

 

[Best Aunt]

Sometimes if the agency thinks the offer is too low, they don't even present it to the seller. The seller might not even realize this.

If you are going to make an offer which is significantly below the asking price, you might want to ask the agency if all offers are presented to the seller.

 

[MsChristy12]

If a contract has all the points available (none banked) and they are asking $125 pp for 160 pts would offering $105 pp be insulting? AKV

Should i wait for a reply before I offer on another contract if my intention is to only buy one contract ? I don't want multiple offers to be accepted but I also would not want to lose out on a contract because I was waiting...

I am thankful for the lowball offer advice I have gotten here and in the FB group. At the beginning, I also thought it would be insulting if I offer more than $15 below asking price. But members here quickly advised me to not worry about it, because the worse you can get is a no, and at that point you can come up to your next price and put in an offer again.

I always waited for a response first before moving on to the next contract. I did, however had a list of contracts that we were interested and fit our criteria (ranking from best fit to "this one would work too") so when one fell through, I would go down the list and put an offer in again, and so forth.

Also, I do this a little differently than some members. My offers for every contract were different. I analyzed a few things: Points on contract and amount of points available - Any banked points or stripped? Use year availability - how many contracts with the UY we want are available. Listing aging - How long this listing has been in the market, and have their listing price been reduced recently (if the broker indicates that). I know this is probably a bit more than many members do here, but to me, this is how I found my "worth it" contract.

 

[lilsonicfan]

I think the ROFR thread is helpful to show that others out there are throwing out low or lowball offers. My process in making offers: I used the threads to get a very rough average of the price point that was selling (great if there are many data points, less great if there are only a few) and looked at the lowest numbers and started my offers at or near the lowest numbers accepted. I figured that some of the lowest numbers that were accepted must have been accepted without counter-offer. And then I just went from there.

I didn't ask for a specific agent with Fidelity, just went with whoever is listing - that is the person who responded to me.

 

[karen4546]

I think the ROFR thread is helpful to show that others out there are throwing out low or lowball offers. My process in making offers: I used the threads to get a very rough average of the price point that was selling (great if there are many data points, less great if there are only a few) and looked at the lowest numbers and started my offers at or near the lowest numbers accepted. I figured that some of the lowest numbers that were accepted must have been accepted without counter-offer. And then I just went from there.

I didn't ask for a specific agent with Fidelity, just went with whoever is listing - that is the person who responded to me.

yes, I watch the ROFR thread and Fidelity has a couple of contracts that I am interest in. I think I may just grit my teeth and make an offer tonight.

Do they contact me after the offer or what is the process after an offer is made?

 

[Sandisw]

yes, I watch the ROFR thread and Fidelity has a couple of contracts that I am interest in. I think I may just grit my teeth and make an offer tonight.

Do they contact me after the offer or what is the process after an offer is made?

They did not work weekends, I’d follow up by phone tomorrow

 

[lilsonicfan]

yes, I watch the ROFR thread and Fidelity has a couple of contracts that I am interest in. I think I may just grit my teeth and make an offer tonight.

Do they contact me after the offer or what is the process after an offer is made?

I received an automated email from Fidelity after my offers were sent in, but the agent did follow up with me after that.

 

[Straulin]

Sometimes if the agency thinks the offer is too low, they don't even present it to the seller. The seller might not even realize this.

If you are going to make an offer which is significantly below the asking price, you might want to ask the agency if all offers are presented to the seller.

Outside instructions from the seller to the broker to automatically reject offers under a certain amount, I expect this would be in violation of realtor ethical rules. I am not from Florida but do have my real estate license in my home state. That would definitely get you in trouble with the state real estate board here.

 

[LittleBitGoofy]

Outside instructions from the seller to the broker to automatically reject offers under a certain amount, I expect this would be in violation of realtor ethical rules. I am not from Florida but do have my real estate license in my home state. That would definitely get you in trouble with the state real estate board here.

I wonder if the agents may not be NAR members, and instead only licensed sales persons. No Realtor COE in that case.

But I agree they *should* present all offers received.

 

[AstroBlasters]

We have the cash for 100-150 pt resale contract. I think we want either AKV or BWV. I know the expiration of both (current owners at AKV).

I will want to match my UY. I found two contracts that look good but the asking is 25-30 more per point than what has recently passed according to the ROFR board (which I have been stalking for many many months).

So a few questions...

Does anyone prefer one agent over another? I see the names listed for agent on Fidelity but should i ask for a particular person? Does it matter?

If a contract has all the points available (none banked) and they are asking $125 pp for 160 pts would offering $105 pp be insulting? AKV

Should i wait for a reply before I offer on another contract if my intention is to only buy one contract ? I don't want multiple offers to be accepted but I also would not want to lose out on a contract because I was waiting...

Should I buy SSR or OKW for SAP points (use them for booking 1 bedrooms at the 7 month mark) for the cost savings?



Any tips? particular resaler?

side notes: We love BWV and are in our 50s and so the 2042 exp is fine for us. If we bought SAP, we would probably use them for booking 1 bedroom villas and not studio villas unless we got lucky

I wouldn’t worry about any particular broker, just find the best contract that fits your goals.

I also agree with the advice on following up your offer with a phone call to the broker to make sure it doesn’t get stuck at the bottom of a pile. There is a lot of volume right now.

Lastly, given your age I really believe you should buy where you want to stay. Do you really want to be doing split stays in your 60s and 70s because you got SAPs?

Best of luck!

 

[Epcot Forever Forever]

We have the cash for 100-150 pt resale contract. I think we want either AKV or BWV. I know the expiration of both (current owners at AKV).

I will want to match my UY. I found two contracts that look good but the asking is 25-30 more per point than what has recently passed according to the ROFR board (which I have been stalking for many many months).

So a few questions...

Does anyone prefer one agent over another? I see the names listed for agent on Fidelity but should i ask for a particular person? Does it matter?

If a contract has all the points available (none banked) and they are asking $125 pp for 160 pts would offering $105 pp be insulting? AKV

Should i wait for a reply before I offer on another contract if my intention is to only buy one contract ? I don't want multiple offers to be accepted but I also would not want to lose out on a contract because I was waiting...

Should I buy SSR or OKW for SAP points (use them for booking 1 bedrooms at the 7 month mark) for the cost savings?



Any tips? particular resaler?

side notes: We love BWV and are in our 50s and so the 2042 exp is fine for us. If we bought SAP, we would probably use them for booking 1 bedroom villas and not studio villas unless we got lucky

I promise that, in the current environment, any contract that has been on the market for more than a few days has received several low offers.

Anyone who is insulted isn’t doing it right. These contracts aren’t babies they raised, or homes they poured themselves into, they’re shares of a condo tower, and every one of them is fundamentally identical, with only the size of the contract and the amount of unused points to differentiate.

Offer where the market is, and just completely ignore their asking price.

 

[RoseGold]

You're overthinking this. You want BW studios, so buy BW. Sure, the points cost a little more, and maybe another contract is a few hundred bucks cheaper. This is a 100 point contract, just do it.

Who cares about the broker, the title company does the real work. I've used three different brokers and almost completed a private sale on Facebook. As long as I have Mason, I'd use any of them again.

 

[Epcot Forever Forever]

My take is that prices are plateauing. We may still see some new lows but I think those will become increasingly less common. Will it last? Hard to say. Absent ROFR, it wouldn’t surprise me to see prices falling again by the end of the third quarter of this year, but it also wouldn’t surprise me if prices rebounded (a little) and stuck.

But let’s be real, whenever the ROFR machine kicks back up, the market will stabilize quickly. I’m not sure we’ll get back to high $130s for Saratoga (what even was that???) but we won’t see $70s either.

 

[karen4546]

okay all, I just made my first official offer. I looked @ the ROFR forum and based my offer on the median for the resort I bid on. I matched my UY and resort but I was not particular on matching resort - just the UY-for my own sanity.

 

[sethschroeder]

But let’s be real, whenever the ROFR machine kicks back up, the market will stabilize quickly.

So maybe next April?

I am not seeing it turn around anytime soon. China is now calling loans which is only going to pile on globally and the US is not going to be printing money anytime soon with the Debt cap a big contention point.

I look to plan for the worst and hope for the best though.