What do ya think

[Dopey0039]

we are looking at a 210 point contract at BWV. I made an offer of 54.pp 200 points availble for this year full from there.

 

[Missyrose]

Good luck! Sounds like a reasonable offer. Who is paying closing/MFs? Which broker are you using?

 

[Dopey0039]

I'm paying closing and asked to split dues. We have the Timeshare Store. Seller wants 60 and no split for dues

 

[Missyrose]

Is the $60 and no split their official counter-offer?

 

[Dopey0039]

yep.

 

[zeferjen]

I have seen cheaper bwv deals, but there don't seem to be many bwv contracts for sale. How much in a hurry are you?

 

[Dopey0039]

Not in a hurry at all. We are going in October with points rented. So really just looking for a good deal..

 

[Missyrose]

Timeshare Store doesn't always encourage its sellers to sell very low, so you might have a tough time getting them to budge from their counter. What was the original asking price?

 

[Dopey0039]

62.00 per point.

 

[Sandisw]

If you are in no hurry and can wait a bit, and would like to pay less than the $60/ppt, then I would move on.

It took me 4 tries to find an owner who was willing to come to the same conclusion as me in terms of a deal.

 

[etemplet]

I was shocked at the prices I got from the company I used. I was/am always reluctant to post the prices of my contract purchases. I called them in Dec. and asked for a specific use year and number of points and gave them a price range. I know this is probably a coincidence, luck or whatever.... I got an email two weeks later with exactly what I was looking for $12.00 per point cheaper than I suggested.

I am not a proponent of purchasing points as cheaply as possible. To me that is splitting hairs. I don't see a few dollars per point as an obstacle but...your mileage my vary.

On a side note, I consider the money I spent purchasing the property as throw away, gone, never to be thought of again. The maintenance fees are less money that I pay on our mobile phone bill and a few dollars more than our Satellite TV monthly charges, a few bucks more than what it costs to fill up the Avalanche when it's sitting on empty. Do I like being an owner ? Yout bet, and when I put it all in perspective...it's pretty cost effective too.

 

[ELMC]

Not in a hurry at all. We are going in October with points rented. So really just looking for a good deal..

It sounds like you have the patience and ability to wait it out, so I would. In my experience, listings on The Timeshare Store have greater exposure and therefore more demand. I would suggest looking at Fidelity and making offers on listings until someone agrees to your price. I don't think you're being unreasonable. Also, do not underestimate the value of a contract with points from previous years. Those points have value (roughly $10 per point) without any mf associated with them because they were already paid. Be sure to pay attention to whether or not contracts are loaded with points or stripped, or somewhere in between.

To put things into perspective, here is a deal that I am waiting to come back from Disney for ROFR.

150 BWV Aug UY. 104 2011 points, all points going forward. The seller at Fidelity was asking $58. I offered $52 and they accepted with no counter. I will pay 2012 mf and closing costs. But...the value of the 104 banked points is $1,040. Point is, there are good deals out there and your offer of $54 was not too low...it just may take some time to find a seller who agrees. Good luck!

 

[JimMIA]

I'm paying closing and asked to split dues. We have the Timeshare Store. Seller wants 60 and no split for dues

Normally in resales the dues for the current year pretty much follow the points. So if you are getting 200 of the 210 points, you'd be expected to pay the dues on those 200 points...if not the whole thing. That's not carved in stone, of course, because everything is negotiable in a resale. But normally, the person getting the points pays the dues.

So one negotiating strategy might be to counter with paying all the dues if the seller pays the closing costs. The seller countered with a lower price, so it looks like they're at least a little bit flexible, so that might be worth a shot if the contract is perfect for you.

It may be that this deal is just not meant to be, however. To pay $54, you're going to need a motivated seller...and this seller may not be in any more hurry to sell than you are to purchase. You have to find a deal that is a good deal for both parties. You might be better off making a desperate seller happy, and this seller might be better off with another buyer.

 

[Sandisw]

Normally in resales the dues for the current year pretty much follow the points. So if you are getting 200 of the 210 points, you'd be expected to pay the dues on those 200 points...if not the whole thing. That's not carved in stone, of course, because everything is negotiable in a resale. But normally, the person getting the points pays the dues.

So one negotiating strategy might be to counter with paying all the dues if the seller pays the closing costs. The seller countered with a lower price, so it looks like they're at least a little bit flexible, so that might be worth a shot if the contract is perfect for you.

It may be that this deal is just not meant to be, however. To pay $54, you're going to need a motivated seller...and this seller may not be in any more hurry to sell than you are to purchase. You have to find a deal that is a good deal for both parties. You might be better off making a desperate seller happy, and this seller might be better off with another buyer.

We did something like this last summer. Wanted to pay $50/ppt for BWV and figured we pay dues and closing.

Decided to put in an offer at $52 but with seller covering dues (even though we got all 2011 UY points)...they countered with $55 but paying dues. At the end, we figured on the 150 point contract, the net effect was around where we wanted it so we took it.

All comes down to motivated sellers and negotiations and waiting until you find something that works!