Where do you think DVC resale prices are headed?

[JETSDAD]

Thanks! Would it be fair to say a transfer would be the better option?

From what you previously posted the 155 that you want to rent or transfer appear to have been banked. Banked points can't be transferred though a transfer is generally a nice way to go if you have another owner wanting a transfer for the entire amount.

I'm not as negative on the rental market as some people here as there are still plenty of rentals going on. The only real reduction I am seeing for rental price is on trip/points in the short term as there is a lot of competition with people trying to rent out their confirmed reservation or points that are expiring soon.

 

[Lorana]

Maybe I’m crazy but the price seems insane for AKV

It is. I bought a loaded 50 point AKV contract back in January for $120/point, which I thought was high at the time (I bought a 120-point contract for $104 in December), but it was 50 points.

I became very annoyed at one of the very large brokers... inflated prices from mega-sellers at 15 to 20 over fair value and unwilling to negotiate,, I believe basically trying to artificially support the market during this in-ordinary time... I quickly caught on and moved along. I don't know if I am allowed to post who I purchased from, but it was a smaller broker and I had a very smooth professional experience.

If you post the link to the broker, it will ***** out if you're not allowed to mention them, so please feel free to mention them. I for one am curious who you have bought with.

 

[MICKIMINI]

I have never done a transfer since buying in 1996! I believe you can do one a year (UY or calendar?) You have to find another DVC owner who is willing to take the transfer and pay you. There are threads on disboards regarding transfers. There is a rental thread on disboards though I have never used it.

I have lots of friends with young grandkids who want to travel in the next few years and have already inquired...with covid19 I've put the brakes on any new rentals until things settle down. I have two remaining rentals with David's (Oct and Jan) and I'm just holding my breath that they go through and I get paid. Not going down that road again!

 

[disneykim17]

I became very annoyed at one of the very large brokers... inflated prices from mega-sellers at 15 to 20 over fair value and unwilling to negotiate,, I believe basically trying to artificially support the market during this in-ordinary time... I quickly caught on and moved along. I don't know if I am allowed to post who I purchased from, but it was a smaller broker and I had a very smooth professional experience.

Please PM and I'm curious who you've used and who you wouldn't recommend.

 

[Goddard Family Adventures]

From what you previously posted the 155 that you want to rent or transfer appear to have been banked. Banked points can't be transferred though a transfer is generally a nice way to go if you have another owner wanting a transfer for the entire amount.

I'm not as negative on the rental market as some people here as there are still plenty of rentals going on. The only real reduction I am seeing for rental price is on trip/points in the short term as there is a lot of competition with people trying to rent out their confirmed reservation or points that are expiring soon.

Thank you for the information and your reply!

 

[Goddard Family Adventures]

I have never done a transfer since buying in 1996! I believe you can do one a year (UY or calendar?) You have to find another DVC owner who is willing to take the transfer and pay you. There are threads on disboards regarding transfers. There is a rental thread on disboards though I have never used it.

I have lots of friends with young grandkids who want to travel in the next few years and have already inquired...with covid19 I've put the brakes on any new rentals until things settle down. I have two remaining rentals with David's (Oct and Jan) and I'm just holding my breath that they go through and I get paid. Not going down that road again!

We might actually end up using our points are trying to go to Hilton Head or Vero. The bad thing is we are still in our ROFR period. So it's going to be a while and when it goes through, we won't have a lot of time to make a decision. We aren't worried about traveling though. I'm impatient to begin with and this wait has been rough. Tuesday will be 30 days and everything I'm seeing says to tack on another 10.

 

[MrWonderful]

If you post the link to the broker, it will ***** out if you're not allowed to mention them, so please feel free to mention them. I for one am curious who you have bought with.

We purchased thru https://www.*************.com/

All in all very professional and prompt. Of course, I may have just stumbled into a super responsive seller... but it all went very quick and pleasant.

 

[MICKIMINI]

We might actually end up using our points are trying to go to Hilton Head or Vero. The bad thing is we are still in our ROFR period. So it's going to be a while and when it goes through, we won't have a lot of time to make a decision. We aren't worried about traveling though. I'm impatient to begin with and this wait has been rough. Tuesday will be 30 days and everything I'm seeing says to tack on another 10.

Those are both low-key, enjoyable resorts and hopefully you will get a reservation at one or the other. Don't forget, you can "rent" up to 24 points directly from MS for $19 PP (I haven't done that either - geez) if you need to round up a bit. Food options are limited, so hopefully you will have a one bed or larger and a kitchen!

 

[heynowirv]

I became very annoyed at one of the very large brokers... inflated prices from mega-sellers at 15 to 20 over fair value and unwilling to negotiate,, I believe basically trying to artificially support the market during this in-ordinary time... I quickly caught on and moved along. I don't know if I am allowed to post who I purchased from, but it was a smaller broker and I had a very smooth professional experience.

If anyone is interested you can ask them to PM you for the info.

 

[heynowirv]

We purchased thru https://www.*************.com/

All in all very professional and prompt. Of course, I may have just stumbled into a super responsive seller... but it all went very quick and pleasant.

I think you did because I was looking at a 100 point BWV Aug Uy and was told that was the price and the owner didn't care if they sold it or not.

 

[Brianstl]

I think you did because I was looking at a 100 point BWV Aug Uy and was told that was the price and the owner didn't care if they sold it or not.

That is when you need to remind the broker they are required to submit your offer to the seller.

 

[heynowirv]

That is when you need to remind the broker they are required to submit your offer to the seller.

They do (or so he says he does) I found a betterl 150 point deal elsewhere although we weren't looking for that many points.

 

[JETSDAD]

That is when you need to remind the broker they are required to submit your offer to the seller.

They very well could have a direction to not present any offers below list (or whatever price the seller decides).

 

[Brianstl]

They very well could have a direction to not present any offers below list (or whatever price the seller decides).

It doesn't matter. Brokers are obligated to reveal "all offers to purchase the seller's property."

 

[JETSDAD]

It doesn't matter. Brokers are obligated to reveal "all offers to purchase the seller's property."

Unless they have direction from the client otherwise. That is a very common law in real estate including in Florida.

 

[Brianstl]

Unless they have direction from the client otherwise. That is a very common law in real estate including in Florida.

You are correct. If the seller submits in writing a price floor he doesn't have to present the offer if it is below that floor. I was under the mistaken impression all written offers had to be submitted in a single agent transaction.

 

[ABE4DISNEY]

We purchased thru https://www.*************.com/

All in all very professional and prompt. Of course, I may have just stumbled into a super responsive seller... but it all went very quick and pleasant.

Same experience here. I actually dealt with this broker twice. The first was for a SSR contract which had two offers; we declined to pursue it, and it sold to the other person for $94. It was a quick and professional exchange.

My final experience with this website/broker was for the contract we purchased. We went back and forth about 5-6 emails, but it was done in a couple hours (on a late Sunday morning)--extremely prompt!

I actually loved the formatting from this broker. Each email, he wrote everything out--all the details and pricing so it was very clear where we were at each step. He was also very professional and not personal/judging in his tone (we started $15 under asking), plus he used sentences with no grammatical errors!

In the previous 3 weeks, three other brokers replied to me like they were texting me--some would send back one word answers, or there were lots of errors. One even just picked up the phone and called me direct because she realized that she was sending me gibberish.

Just my two cents....

 

[MICKIMINI]

Same experience here. I actually dealt with this broker twice. The first was for a SSR contract which had two offers; we declined to pursue it, and it sold to the other person for $94. It was a quick and professional exchange.

My final experience with this website/broker was for the contract we purchased. We went back and forth about 5-6 emails, but it was done in a couple hours (on a late Sunday morning)--extremely prompt!

I actually loved the formatting from this broker. Each email, he wrote everything out--all the details and pricing so it was very clear where we were at each step. He was also very professional and not personal/judging in his tone (we started $15 under asking), plus he used sentences with no grammatical errors!

In the previous 3 weeks, three other brokers replied to me like they were texting me--some would send back one word answers, or there were lots of errors. One even just picked up the phone and called me direct because she realized that she was sending me gibberish.

Just my two cents....

I totally agree, being treated professionally and politely goes a long ways toward fruitful negotiations. Regardless of the economic climate, brokers who consistently treat customers with respect will win in the long run - and sales IS the long run. Repeat customers and word of mouth, especially in this day and age of social media is crucial. Those that don't place value on their potential customers will lose. The goal is to turn those lookers into customers and that does not happen with one word answers and hasty email replies.

Watch out brokers, ABE4DISNEY has the red marking pen at the ready!

 

[ABE4DISNEY]

Watch out brokers, ABE4DISNEY has the red marking pen at the ready!

Well, I was an English teacher......

Now I better watch out!! LOL. Don't scrutinize my writings; I'm hear, I mean, I'm HERE only for the fun!

 

[E2ME2]

The two contracts we have were direct purchases, however, the direct cost now is more than we want to spend so we are looking towards resale for second add-on. Currently AKL direct is $186 pp and on resale I've seen it as low as $105. We can get 25 points more going resale than direct.

Couldn't you get about 77 more points, with that price differential?
100Pts at $186 = $18,600
$18,600 / $105 = 177Pts