Wow now I see what people were talking about!

[tom1944]

I've read several posts suggesting that a "low ball" offer is rude.. or that "x percent" off asking price is a waste of time and rude. I completely disagree. The buyer and seller determine what the value of the offer is, not historical prices or percentages. I am one who sent in multiple low ball offers over the last few months with absolute intent on following through if accepted. Now, with ROFR being dormant, that definitely affected my offers, and I have no doubt they raised an eyebrow by broker and owner; I don't care tbh.

99% of my offers were declined with no counter - fine by me.. the seller's prerogative to respond any way they choose.. but, also my prerogative to offer what I want regardless of what anyone else thinks.

Interesting outcomes.. I got a screamin' deal on my VB SAP's when my "low ball" offer was immediately accepted. Later on, when I was debating buying direct, made an offer on a OKW contract which was rejected, mentioning they had several full price offers - fine. I decided to buy direct. Less than 2 weeks later, broker who passive-aggressively suggested my offer was ridiculous, came back and said the original buyer fell through, and seller was willing to take my original "low ball" offer, no counter. Interesting in that... supposedly, the seller had "several" full price offers, yet I'm the one they came back to? I don't think so. They had one buyer who offered more than me (who knows how much more?) who fell through, and the seller thought it would be an instant buy (which it would have been had I not already bought direct) since it was a phenomenal price. Lesson here... offer what you want, let the broker do whatever they do, adjust your situation accordingly (in my instance, I refuse to even entertain listings from a certain broker) and move on. The reason there are unicorn deals on the ROFR thread is that there ARE deals to be had.. and you will not get them if you don't try.

I offered $137 on several BLT contract in February/March and received a lecture.

Following the ROFR threads on this site I am fairly certain those contracts sold for less about 2 months later.

 

[GoingSince1990]

I just find it baffling that any broker would reply with a snarky response, or a lecture. Why not keep it civil and professional with something like "thank you for the offer, which I will pass on to the seller; however, I feel that it is unlikely that the seller will accept it"?

 

[thelionqueen]

I just find it baffling that any broker would reply with a snarky response, or a lecture. Why not keep it civil and professional with something like "thank you for the offer, which I will pass on to the seller; however, I feel that it is unlikely that the seller will accept it"?

I agree, but think even a response like that is unnecessary. Just do your job and be professional imo

 

[grahf1234]

I agree, but think even a response like that is unnecessary. Just do your job and be professional imo

Agreed. I don’t see the need to get the broker’s $0.02 in a scenario like this. Seems like it’d be extremely unlikely for a resale buyer not to know their offer is a little low and might not be accepted. A resale buyer probably knows as much about the market as the broker.
Don’t understand why feelings have to be injected into something like this. A little discouraging since I’m starting to look for ways to supplement my points. Looks like it’s more hoops to jump through when it comes to resale, and unfortunately the broker can be the first obstacle….

 

[HyperspaceMountainPilot]

If you are buying 200+ points and you can save $20/pt by hunting for a good deal, you're talking about $4,000+ for what is probably no more than a few dozen hours of work. I got (current year stripped) 101 points of BCV at $115pt-- so I would imagine I saved maybe $2000 over average price with less than 10 hours of "work" total-- I'm willing to kiss a few frogs (or get a few hysterical lectures) for the cost of an extra trip to WDW, but others may not be.

If my time was slightly less valuable, I'd probably send more low offers to the brokers who suggest my offer is unreasonable, but while I've gotten messages informing me I am far below market, I don't think I've ever gotten anything as rude or nasty as some people describe on this thread.

 

[Bearval]

I'm not the OP, but I would rather be ignored than lectured, for sure. I was in fact admonished by someone who also told me that my low offer would never be accepted. The contract I ended up buying a few days later was several dollars cheaper than the amount I had offered and was lectured about, so really, I could have done without the lecture.

I received a reply from a broker once asking me to contact them so that I could make a " proper offer". Long story short, my offer of $122 for a 160 BLT contract was accepted by another agency/broker. They didn't lecture me but said my offer was on the low side and don't think it will get accepted, they were surprised when it did. Moral of the story, offer what you want to offer, the seller has options to reject with no counter, reject with a counter or accept.

 

[pianomanzano]

Just read through the 5 pages of this thread and I thought we were going to get a name/broker! lol

Seems it seems to be an open secret among some posters in the thread, can we out who the person is to enlighten everyone else? Or perhaps a fun game, people say who they think it is!

 

[Chili327]

Just read through the 5 pages of this thread and I thought we were going to get a name/broker! lol

Seems it seems to be an open secret among some posters in the thread, can we out who the person is to enlighten everyone else?

I'm sure it breaks some kinda rule. lol

 

[pianomanzano]

I'm sure it breaks some kinda rule. lol

@Sandisw implied it would be okay to discuss as long as link the broker and that the broker is not blocked by the filter. So spill the beans folks!

 

[Sandisw]

@Sandisw implied it would be okay to discuss as long as link the broker and that the broker is not blocked by the filter. So spill the beans folks!

Correct. If the filter shows up, then more specifics can certainly be shared. If it’s blocked, then one can’t discuss specifics thst can lead people to figure it out.

I guessed in my post and ithat broker was filtered out. Whether it’s the real one or not, who knows but that’s all people have to do!

 

[Chili327]

@Sandisw I assume whichever broker it is, it's going to cause a ****storm regardless, so probably better to just have people make their ideal offers and find out. lol

 

[Disney Mickey&Minnie Fan]

Yes, there are many.
https://www.disboards.com/threads/dear-dvc-resale-brokers….3911904/#post-64656070

You would find a contract then use whatever broker is the one listing it... much like buying a house.

I am aware of the ROFR page on The Dis Boards for information on resale prices.
Where else do you recommend reading information on current resale prices for DVC resale contracts?

We are interested in purchasing DVC resale and trying to inform ourselves with information about the process.

Is it recommended to place offers on more than one DVC resale contract at a time?
One is it better to place an offer on one contract at at time?

Any DVC resale purchasing tips are appreciated.

 

[pianomanzano]

I am aware of the ROFR page on The Dis Boards for information on resale prices.
Where else do you recommend reading information on current resale prices for DVC resale contracts?

We are interested in purchasing DVC resale and trying to inform ourselves with information about the process.

Is it recommended to place offers on more than one DVC resale contract at a time?
One is it better to place an offer on one contract at at time?

Any DVC resale purchasing tips are appreciated.

The board sponsor (dvcresalemarket.com) puts out a monthly blog with average resale prices. Fidelity also puts out their own. The ROFR thread trends lower compared to most reported average resale prices put out by brokers, so being somewherein the middle of the two would be a good indicator of a decent price, imo.

I know some here disagree with me, but I think it's perfectly fine to put out multiple offers at the same time. Some brokers take awhile to respond and I wouldn't want to lose out on a potential deal just because I was waiting for a response, especially since sellers are often entertaining multiple offers at the same time. I've had sellers/brokers stop negotiating because they've already agreed on a price with another buyer, so it really goes both ways. You're not committed to anything until you sign papers.

 

[sethschroeder]

I offered $137 on several BLT contract in February/March and received a lecture.

Following the ROFR threads on this site I am fairly certain those contracts sold for less about 2 months later.

Don't get them started or some reddit posters started on how these are fake postings.

Its always funny they try to act like some large portion is made up regarding what things are being sold for. In reality there is likely a couple fake postings on there but just throw out the bottom 2 price points of the resort you are looking at if they are crazy off from the others.

 

[disneylandtour]

If you are buying 200+ points and you can save $20/pt by hunting for a good deal, you're talking about $4,000+ for what is probably no more than a few dozen hours of work.

I wouldn't even call this work. This is mostly pleasurable clicking around to a few webpages each morning.

 

[Disney Mickey&Minnie Fan]

The board sponsor (dvcresalemarket.com) puts out a monthly blog with average resale prices. Fidelity also puts out their own. The ROFR thread trends lower compared to most reported average resale prices put out by brokers, so being somewherein the middle of the two would be a good indicator of a decent price, imo.

I know some here disagree with me, but I think it's perfectly fine to put out multiple offers at the same time. Some brokers take awhile to respond and I wouldn't want to lose out on a potential deal just because I was waiting for a response, especially since sellers are often entertaining multiple offers at the same time. I've had sellers/brokers stop negotiating because they've already agreed on a price with another buyer, so it really goes both ways. You're not committed to anything until you sign papers.

Thank you for this information. Very helpful as we begin the process of purchasing DVC resale.

 

[disneylandtour]

The board sponsor (dvcresalemarket.com) puts out a monthly blog with average resale prices. Fidelity also puts out their own. The ROFR thread trends lower compared to most reported average resale prices put out by brokers, so being somewherein the middle of the two would be a good indicator of a decent price, imo.

I usually wait a day, maybe two, then send a polite note--something like, "Maybe the seller's aren't interested, but I just wanted to check in before I made offers elsewhere." This either gets a quick response (in one case it was to accept a lowish offer for AKV), but mostly, I've just given myself permission to move on while still maintaining friendly and professional communications with a broker so as not to cause problems for myself in the future.

 

[pianomanzano]

I usually wait a day, maybe two, then send a polite note--something like, "Maybe the seller's aren't interested, but I just wanted to check in before I made offers elsewhere." This either gets a quick response (in one case it was to accept a lowish offer for AKV), but mostly, I've just given myself permission to move on while still maintaining friendly and professional communications with a broker so as not to cause problems for myself in the future.

Fair enough and I don't advocate ghosting. For my first resale, I was negotiating on two different SSR contracts at the same time and had two sellers accept offers within an hour of each other. Went with the better offer, informed the broker we were going with a different contract and they wished me luck in ROFR.

If a broker is going to keep tabs on something as minor as shopping around/making multiple offers such that it would cause problems in the future, then not sure it's worth doing business with them (or I'll just reach out to another agent/broker).

 

[tom1944]

Don't get them started or some reddit posters started on how these are fake postings.

Its always funny they try to act like some large portion is made up regarding what things are being sold for. In reality there is likely a couple fake postings on there but just throw out the bottom 2 price points of the resort you are looking at if they are crazy off from the others.

I am now pulling them from the Orange County site. You can also identify the title company and since most people accept the title company the broker uses you can have a pretty good idea who the broker was. Not 100% but close enough

 

[tom1944]

Fair enough and I don't advocate ghosting. For my first resale, I was negotiating on two different SSR contracts at the same time and had two sellers accept offers within an hour of each other. Went with the better offer, informed the broker we were going with a different contract and they wished me luck in ROFR.

If a broker is going to keep tabs on something as minor as shopping around/making multiple offers such that it would cause problems in the future, then not sure it's worth doing business with them (or I'll just reach out to another agent/broker).

I am considering reaching out to brokers that have multiple contracts I am interested in and saying I am willing to pay X per point. If any of your sellers are interested let me know.

And here is the data in actual sales from the past 45 days that lead me to my offer price.