Thoughts on Lowball Offer

[hlhlaw07]

Must depend on the person you're working with at dvcresalemarket - I've bought from them before (good experience overall) and recently (last week) I made a "lowball" offer on a 225 point BCV contract (no 2020 points) listed at $139pp and offered $125pp and the broker had no issue submitting it for me. The seller unfortunately did not accept and I couldn't work out a deal though. The broker did try to encourage me to accept a $131pp counter-offer but I didn't think it was low enough (ended up finding a fully loaded 200 point contract at $125pp from a different company).

Yep. I have had all my lowball offers presented with DVCresalemarket.com, except the the 2 contracts where the seller advised the broker they would not accept any offers below a certain threshold.

 

[Kickstart]

Where does everyone look for resale contracts?... and for those of you who found great prices, is that from making a low offer or did you just happen to come across a contract listed for a great price?

Does everyone just check each of the following sites each day?:

DVS Resale Market: https://www.dvcresalemarket.com​

DVS Magic Resales: https://www.dvcmagicresales.com​

DVC Store (seems to be a sponsor here): https://www.dvcstore.com​

DVC Sales: https://www.dvcsales.com/​

Fidelity Resales: https://www.fidelityresales.com​

Buy and Sell DVC: https://www.*************.com/​

Sell My Timeshare Now: Self-edited - figured better to remove the link​

Buy a Timeshare: Self-edited - figured better to remove the link​

I also found two other sites, but looks like they're blocked ....​

Is there a working aggregating site? I found one that seems to have very old data... and it's blocked

I would definitely be interested in some DVC hunting tips

Thanks,
Chris

 

[CastAStone]

Where does everyone look for resale contracts?... and for those of you who found great prices, is that from making a low offer or did you just happen to come across a contract listed for a great price?

Does everyone just check each of the following sites each day?:

DVS Resale Market: https://www.dvcresalemarket.com​

DVS Magic Resales: https://www.dvcmagicresales.com​

DVC Store (seems to be a sponsor here): https://www.dvcstore.com​

DVC Sales: https://www.dvcsales.com/​

Fidelity Resales: https://www.fidelityresales.com​

Buy and Sell DVC: https://www.*************.com/​

Sell My Timeshare Now: https://www.sellmytimesharenow.com/​

Buy a Timeshare: https://www.buyatimeshare.com/​

I also found two other sites, but looks like they're blocked here (they both have "shop" in their name). Is that due to complaints (i.e. should I stay away from them) of something else?​

Is there a working aggregating site? I found one that seems to have very old data... and it's blocked

I would definitely be interested in some DVC hunting tips

Thanks,
Chris

We are not allowed to discuss why sites are banned here.

The 2nd to last on your actual list @SmallWorldGal had a major issue with earlier this year, see: https://www.disboards.com/threads/d...ervation-not-disclosed.3800621/#post-61832813

The last on your list @Brian Noble had a good caution about here:

That's a back-of-house transfer agent that closes transactions for a number of closely related timeshare exit businesses whose names are constantly changing. The general business model: they pressure distressed or unhappy timeshare owners into paying an upfront fee to "free themselves from the never-ending burden of maintenance fees" or some such hogwash. What happens after that varies with the specific model. The most common is to transfer it to a "viking ship" business--it collects these deeds, never pays anything on them, ignores collections notices, extracts as much cash as it can for as long as they can, and eventually bankrupts the shell company before forming another one and starting over. Along the way, they try to sell anything that might have some value--there are a few storefronts for this, but most of the more marginal ones end up on ebay. If they sell, fine, if not no worries. The selling price is less important than just selling them, because it allows them to avoid racking up debt if they can flip the deeds quickly. They also collect the fees via Timeshare Closing Services, but that's just icing.

A few are even less scrupulous and never actually transfer the deed but instead get a power of attorney. If they are able to flip something, it will get transferred using that POA (eventually), but maybe after another year goes by with unpaid fees.


I've picked up a couple of timeshares going this route. They will not close with anyone else, and don't mind if you walk because of it---after all, selling is just a convenience, not actually something that is core to the business model. If you know what you are doing, it can be a good deal, but you have to know what you are doing. The listings are often wrong and you have to read the deeds carefully and know how the underlying resort actually works. But, because they are so sloppy, they have to sell at a lower price to move anything at all. Caveat emptor.

The timeshare industry has more than its fair share of shady businesses as part of its ecosystem. It makes a certain amount of sense, if you think about how someone typically becomes a timeshare owner in the first place.

 

[Kickstart]

We are not allowed to discuss why sites are banned here.

The 2nd to last on your actual list @SmallWorldGal had a major issue with earlier this year, see: https://www.disboards.com/threads/d...ervation-not-disclosed.3800621/#post-61832813

The last on your list @Brian Noble had a good caution about here:

Wow! Ok, edited my post to not steer anyone into a potential mess.

Thanks for the feedback

 

[CastAStone]

Wow! Ok, edited my post to not steer anyone into a potential mess.

Thanks for the feedback

www.dvcbyresale.com is another one I see kicked around here from time to time as an OK place.

 

[E2ME2]

We are looking at SSR and while I’m admittedly looking for a somewhat bigger contract, I can’t fathom paying over $90 rn.

Agreed - I would target SSR at $85-90 per point.
Many here on the boards, self included, have been successful in that price range.
ET

 

[Ruttangel]

Saw a 75pt contract at BWV at $130, offered $106, they came back with $120, where should I aim, $110?

Any thoughts?

 

[ABE4DISNEY]

Saw a 75pt contract at BWV at $130, offered $106, they came back with $120, where should I aim, $110?

Any thoughts?

IMHO, If you truly want to lowball, $110 would probably be that for a BWV 75 pt. contract. But.... it will be a gamble.

However, if you really want it, $120 is a good price for such a small contract.

I looked back through the ROFR prices and $110 is the average range for contracts between 150-250 points.

Just my 2 cents. Good luck!!

 

[Ruttangel]

IMHO, If you truly want to lowball, $110 would probably be that for a BWV 75 pt. contract. But.... it will be a gamble.

However, if you really want it, $120 is a good price for such a small contract.

I looked back through the ROFR prices and $110 is the average range for contracts between 150-250 points.

Just my 2 cents. Good luck!!

Won’t budge from $120, only has 16 2020 points left so I think I’ll leave this one and keep looking.

 

[ldo]

what about going rate for 160 points at AKV with current points, no banked points?

 

[Ruttangel]

what about going rate for 160 points at AKV with current points, no banked points?

I would say aim for max of $105 although depends on who is paying 2020 dues and total closing costs. Could start offer at $95 or lower, just my opinion though

 

[MICKIMINI]

I would say aim for max of $105 although depends on who is paying 2020 dues and total closing costs. Could start offer at $95 or lower, just my opinion though

I made multiple offers in that range for AKL in May/early June and was never able to make a deal. I would have jumped at $95 and I agree, that seems a fair price. Note: I have always paid current year dues and closing costs. I rarely have seen sellers agree to that, though it has happened.

I finally bought two BRV - 100 for $99 (listed at $110) and 50 for $110 (listed at $120). IMO those were both fairly aggressive offers as the other brokers I offered through (and I have worked with both of them) told me the sellers were only looking at going about $5 under listing price. It just takes the right listing and the right seller and a broker willing to do their job and help negotiate a deal and you have to walk away if you don't feel it is the right deal.

 

[manicstreet]

I am new to this whole game. I am looking at a 200 point range contract at the poly. What is a good asking price? most listings seem to be in the $145/point range.

 

[Liquidice]

I am new to this whole game. I am looking at a 200 point range contract at the poly. What is a good asking price? most listings seem to be in the $145/point range.

I would recommend looking at the ROFR thread (latest one is here: https://www.disboards.com/threads/r...formatting-tool.3806556/page-15#post-62141663 ) - just look in the first few posts to see how much people are actually getting agreed offers for on PVB (Polynesian Villas & Bungalows) - you can go back and look at older months too - like April - June 2020: https://www.disboards.com/threads/r...ost-for-instructions-formatting-tool.3798344/ which may give you some historical prices too.

Based on this, you can see what offers have passed ROFR (right of first refusal) - meaning Disney did not choose to buy back and contract and you can also see how much they're actually selling for. Based on this - you can try to go a little lower perhaps. With a quick look - I am seeing prices as low as $120pp for PVB. You could always try $110 or $115 and see if any owner is really looking to sell - or maybe would be willing to counter-offer at $118-$125 range, depends on how much you really want a contract too. If you're willing to wait, you can probably find a deal!

 

[CastAStone]

I am new to this whole game. I am looking at a 200 point range contract at the poly. What is a good asking price? most listings seem to be in the $145/point range.

That depends on how many points are available to use. If the contract is stripped until 2022 you should offer $10-$20 less than if it has full points for 2020 and 2021 available.

 

[manicstreet]

I would recommend looking at the ROFR thread (latest one is here: https://www.disboards.com/threads/r...formatting-tool.3806556/page-15#post-62141663 ) - just look in the first few posts to see how much people are actually getting agreed offers for on PVB (Polynesian Villas & Bungalows) - you can go back and look at older months too - like April - June 2020: https://www.disboards.com/threads/r...ost-for-instructions-formatting-tool.3798344/ which may give you some historical prices too.

Based on this, you can see what offers have passed ROFR (right of first refusal) - meaning Disney did not choose to buy back and contract and you can also see how much they're actually selling for. Based on this - you can try to go a little lower perhaps. With a quick look - I am seeing prices as low as $120pp for PVB. You could always try $110 or $115 and see if any owner is really looking to sell - or maybe would be willing to counter-offer at $118-$125 range, depends on how much you really want a contract too. If you're willing to wait, you can probably find a deal!

Thank you!

 

[manicstreet]

That depends on how many points are available to use. If the contract is stripped until 2022 you should offer $10-$20 less than if it has full points for 2020 and 2021 available.

Good info. I would want to buy a contract that has points coming due in 2020. Example a contract that has points coming December 1, 2020.

 

[ldo]

that's a "normal" contact, not loaded (2019 points banked) and not stripped (no 2020 points). I value loaded up to $5 extra, if I can use the points. Sometimes, you can get loaded for zero extra.

 

[Ruttangel]

Remember that the higher the points you are looking for (200+) the lower the going rate and easier to negotiate as they are less sought after. Contracts under 120 are the ones with a premium and usually harder to negotiate due to being so popular.

 

[Ruttangel]

Been looking for an Epcot resort bargain and went for Boardwalk due to lower point charts and slightly closer to HS.
Tried about 3 around 100-150pts but unsuccessful. I think 2 brokers thought I was out of my mind and we’re just sending emails back saying Seller says too low, not even a hello
But, Just nabbed a stripped contract for $95, 150pts, I’ve put details in ROFR thread. Actually works out at $98ppt as we are splitting some dues for 2021.
I started at $92 and worked upwards slowly.
It was up for $117 so this lowball offer tactic worked but I’ve no idea if Disney will start ROFR, we will see. I think the people bought direct when it was $65 a point so they have still done pretty well too, relatively speaking.