UPDATE: I did finally talk to the broker. They are a new reseller as OP's suggested and very nice. I'd feel comfortable buying from them if their prices for the contracts we were interested in were more market friendly. As usual I did my homework but we weren't even close on price so I'm moving on. I just wanted to be fair even though the website is blocked out for those that already have it in their favorites.
They pretty blatantly broke the board rules. I wouldn’t necessarily assume that reflects on anything else though.
Yes, there are a number of DVC resale sites that need to invest all that commission into website design.
Oh, I do agree, it's one of my favorites to navigate, and if I were a seller, I very well may appreciate their unwillingness to let buyers make low offers. But as a buyer, I get frustrated when they refuse to even present an offer to a seller that was an offer price I literally had bought a contract on just a few months before. I much prefer to engage with brokers who make me *feel* that they're looking out for my interests as much as the sellers. I have bought with them before, but it was admittedly a low point contract that I was willing to make a full price offer on. Admittedly, I got a little soured when I was making that offer on the 100-point GCV contract - I put in an offer, was told it was too low, but that the seller would accept an offer at X, decided to offer at X but requested seller pay 2020 MFs, and then they came back with the seller demanded HIGHER and I pay MFs, and when I asked why I got countered at a higher price point, found out that the broker hadn't even talked to the seller or presented my offer when they said "they'd accept X," that was just what the seller had noted was the minimum they'd sell at. I'm pretty sad to have lost that contract since they're so rare, but not sad to have paid the huge price being asked for it, admittedly.
IT will sell.I was looking at resale contracts .... because that's apparently what you do after you already have a pending purchase... I don't understand it, but I'm going with the flow
Anyway, came across this:
https://www.fidelityresales.com/copper-creek-villas-cabins-disneys-wilderness-lodge/unit/5006756CVV 939 points!
I'm surprised DVC let someone buy that much without breaking it up. My first thought was, no way is anyone going to touch that. But... then I was thinking I wonder how low one could get it for.
I was thinking I'd be willing to buy it for $55 per point. It would be a hassle to have to rent all those points out every year (IMO), but at that price you could get around a 15% annual return (not factoring insurance, breakage, etc.).
I'd be interested to hear what others would be willing to pay for it.
I was looking at resale contracts .... because that's apparently what you do after you already have a pending purchase... I don't understand it, but I'm going with the flow
Anyway, came across this:
https://www.fidelityresales.com/copper-creek-villas-cabins-disneys-wilderness-lodge/unit/5006756CVV 939 points!
I'm surprised DVC let someone buy that much without breaking it up. My first thought was, no way is anyone going to touch that. But... then I was thinking I wonder how low one could get it for.
I was thinking I'd be willing to buy it for $55 per point. It would be a hassle to have to rent all those points out every year (IMO), but at that price you could get around a 15% annual return (not factoring insurance, breakage, etc.).
I'd be interested to hear what others would be willing to pay for it.
. It just might die at ROFR though. Seller wins either way once someone bites.
When I see these I always want a full bio on the people who bought it. What do they do for work? How often do they go? I can just never fathom people spending almost as much as we paid for our house on a timeshare. I mean if I had a 130-150k to blow....well who knows but I feel like I might just save a little more and go the condo in Hawaii route.I was looking at resale contracts .... because that's apparently what you do after you already have a pending purchase... I don't understand it, but I'm going with the flow
Anyway, came across this:
https://www.fidelityresales.com/copper-creek-villas-cabins-disneys-wilderness-lodge/unit/5006756CVV 939 points!
I'm surprised DVC let someone buy that much without breaking it up. My first thought was, no way is anyone going to touch that. But... then I was thinking I wonder how low one could get it for.
I was thinking I'd be willing to buy it for $55 per point. It would be a hassle to have to rent all those points out every year (IMO), but at that price you could get around a 15% annual return (not factoring insurance, breakage, etc.).
I'd be interested to hear what others would be willing to pay for it.
I agree, but I think it is easier to do it incrementally. We have a few contracts now and are very surprised with how much we have spent on dvc altogether. There are a lot of people on these boards who have 1000+ points and I suspect more than anything they just love Disney. We seem to be inching closer to that number, and we are not high rollers. Lol. We have talked about buying other property, but it just seems exhausting. DVC is so easy.
I watched my parents work there butts off maintaining and renting out there vacation home for years. They only really enjoyed it in the off season, and usually had to do house upkeep when they did visit. It truly is a lot of work, and I'm not quite sure if the return on investment is worth it.
I do think you are right and some brokers do not present to the seller. Also—- Some brokers price things higher than other brokers. Some brokers push for buyers to reimburse sellers for dues already paid. Some have slicker websites. Don’t be fooled by that lol.
I strongly suspect the broker on my current purchase did not present my original offer. I offered online and she called me about two hours later and said, "the owner needs a stronger offer." So I assumed they turned original offer down. I increased the offer by $5 per point. The broker didn't call me back the next day so I called her and she explained the owner was in Japan and hard to reach. I did hear back with acceptance later that day. When I thought about the original offer, the time in Japan would have been the middle of the night, so that's why I'm pretty sure she never presented it.
I was looking at resale contracts .... because that's apparently what you do after you already have a pending purchase... I don't understand it, but I'm going with the flow
Anyway, came across this:
https://www.fidelityresales.com/copper-creek-villas-cabins-disneys-wilderness-lodge/unit/5006756CVV 939 points!
I'm surprised DVC let someone buy that much without breaking it up. My first thought was, no way is anyone going to touch that. But... then I was thinking I wonder how low one could get it for.
I was thinking I'd be willing to buy it for $55 per point. It would be a hassle to have to rent all those points out every year (IMO), but at that price you could get around a 15% annual return (not factoring insurance, breakage, etc.).
I'd be interested to hear what others would be willing to pay for it.
Having the seller pay dues and closing does not make it easier to pass ROFR in my experience.
