Is it just me.....

[minorthr]

Have you seen 120 for OKW? I did see AKL for $115, 51 point contract, that went immediately. Small contracts are commanding quite the high price per point. I think people that already own at certain resorts want to add on now and are willing to pay premium price. Certainly Pandora has impacted the price of AKL and Star Wars and Toy Story land will impact BWV and BCV....which is why Poly and GFV are kind of staying the same.....in my opinion, I'm not a real estate expert.

Yes I have, made an offer they countered at a firm 115. This was not an extended.

 

[imaginiff]

Yes I have, made an offer they countered at a firm 115. This was not an extended.

Yikes. Can't see what would merit that price at that resort....no offense, I understand it is quite beautiful. But it does not have the "walk to fill in the blank park". That being said, we recently sold a small contract at a desirable resort for a very high price....it was out there for less than 6 hours. I think 50 points or less at desirable resorts will get their asking price.

 

[minorthr]

Yikes. Can't see what would merit that price at that resort....no offense, I understand it is quite beautiful. But it does not have the "walk to fill in the blank park". That being said, we recently sold a small contract at a desirable resort for a very high price....it was out there for less than 6 hours. I think 50 points or less at desirable resorts will get their asking price.

I didn't offer anywhere near that so no offense taken.

 

[imaginiff]

I didn't offer anywhere near that so no offense taken.

I gather there is no way to find out exactly what price is paid via the orange county website. Contracts posted here are just a fraction of what goes on. Hope you find what you are looking for. Seems it is a sellers market right now.

 

[miTnosnhoJ]

I gather there is no way to find out exactly what price is paid via the orange county website. Contracts posted here are just a fraction of what goes on. Hope you find what you are looking for. Seems it is a sellers market right now.

To get the sales price from the Orange County website, divide the deed document tax by .0070.

 

[ScubaCat]

I know it might seem that it's in the agent's best interest to inflate the prices but in reality, it's in their best interest to sell quickly.

That's an excellent point which is always the case in real estate, even moreso where the agent has to pay for the MLS listing and deal with prospective buyers, etc. The hidden truth is that, while agents are very helpful in facilitating the process, their motivation and incentives are diametrically opposed to yours. Always keep that in mind and ensure that YOU are satisfied with the deal (whether buying or selling).

 

[mustinjourney]

Have they been trending up enough to push OKW to 120 a point?

$120 for OKW that isn't even extended? That's just stupid considering most seem to be making deals anywhere between $65 and $85. If I was the listing agent, I would probably tell them to take a hike and I wouldn't even bother listing the contract. No sense in wasting my time. At that price, it would be better for the buyer to just buy direct and get the extended term.

Keep in mind, there are always outlier listings that are just way out of line. Last year, I saw people listing VGF at $165 a point. At the time, direct pricing was $175. Needless to say, they didn't sell.

 

[1momof3boys3]

Have they been trending up enough to push OKW to 120 a point?

OKW at 120 a point?! That's crazy!

 

[minorthr]

$120 for OKW that isn't even extended? That's just stupid considering most seem to be making deals anywhere between $65 and $85. If I was the listing agent, I would probably tell them to take a hike and I wouldn't even bother listing the contract. No sense in wasting my time. At that price, it would be better for the buyer to just buy direct and get the extended term.

Keep in mind, there are always outlier listings that are just way out of line. Last year, I saw people listing VGF at $165 a point. At the time, direct pricing was $175. Needless to say, they didn't sell.

This same broker has a poly at $169

 

[mustinjourney]

This same broker has a poly at $169

which broker?

 

[minorthr]

which broker?

won't let me post it

 

[crisi]

Some people don't really want to sell. If they can sell at an inflated price, they will, but if they don't, they can rent out their points and still get a tidy return. This is especially true with some of the long time owners of older resorts. Contracts that reflect really low prices in the ROFR thread are likely to be sold by people who need the capital - divorce, foreclosure, death, or financial problems that can't be solved by renting the points out.

Sort of related, my uncle's house has been on the market for five years at an over inflated price. He's convinced that is what its worth, and really doesn't want to sell it when it comes right down to it. They want to move from a moderate real estate market to a very expensive one, and if they can't get enough for this house to buy what they want there (and they never will), they just won't move.

 

[crisi]

$120 for OKW that isn't even extended? That's just stupid considering most seem to be making deals anywhere between $65 and $85. If I was the listing agent, I would probably tell them to take a hike and I wouldn't even bother listing the contract. No sense in wasting my time. At that price, it would be better for the buyer to just buy direct and get the extended term.

Keep in mind, there are always outlier listings that are just way out of line. Last year, I saw people listing VGF at $165 a point. At the time, direct pricing was $175. Needless to say, they didn't sell.

I came back for this one. For the listing agent, its probably an hour of work to get something up on the website that is going to make EVERYTHING else - even the simply less unreasonable stuff - look like a bargain. That alone is worth an hour in time. As an agent, I wouldn't chase someone to get contracts signed to get that listing, but if it were a matter of having them to sign the standard contract, checking out the details on the property for accuracy, and throwing it up on a table in the website - why not?

 

[mustinjourney]

I came back for this one. For the listing agent, its probably an hour of work to get something up on the website that is going to make EVERYTHING else - even the simply less unreasonable stuff - look like a bargain. That alone is worth an hour in time. As an agent, I wouldn't chase someone to get contracts signed to get that listing, but if it were a matter of having them to sign the standard contract, checking out the details on the property for accuracy, and throwing it up on a table in the website - why not?

Not sure what business you're in. But in my experience as an attorney, unreasonable clients aren't worth the time. Ever. Nothing good happens. They will suck your time and then complain if something doesn't go the way they think it should go. And you can bet if their expected pricing is unreasonable, then their other expectations will likely be unreasonable.

I've learned to just move on immediately since they will most likely cause more problems later on. Not worth the headache.

YMMV. This is certainly not 100% the case, but no sense in taking the risk for very little pay off.

 

[minorthr]

$120 for OKW that isn't even extended? That's just stupid considering most seem to be making deals anywhere between $65 and $85.

Well someone bought it and considering there firm last offer was only dollars less then that I guess it is trending way up.

 

[mustinjourney]

Well someone bought it and considering there firm last offer was only dollars less then that I guess it is trending way up.

would be interesting to see what it sold for when it hits the OCC.

Side note -- after it closes, you could email the broker and find out what it sold for. They're not allowed to discuss specifics until after closing...but since the price is public (document tax divided by $0.70 I think), they are allowed to give this information out.

 

[Spartan86]

would be interesting to see what it sold for when it hits the OCC.

Side note -- after it closes, you could email the broker and find out what it sold for. They're not allowed to discuss specifics until after closing...but since the price is public (document tax divided by $0.70 I think), they are allowed to give this information out.

Doc tax divided by .007 will give the sale amount. $.70 per $100 of sale.

 

[crisi]

Not sure what business you're in. But in my experience as an attorney, unreasonable clients aren't worth the time. Ever. Nothing good happens. They will suck your time and then complain if something doesn't go the way they think it should go. And you can bet if their expected pricing is unreasonable, then their other expectations will likely be unreasonable.

I've learned to just move on immediately since they will most likely cause more problems later on. Not worth the headache.

YMMV. This is certainly not 100% the case, but no sense in taking the risk for very little pay off.

An attorney is a high touch business. Listing someone's DVC for sale at a price it won't sell at really isn't going to create much opportunity for being difficult. You'll list. They'll call and say "why hasn't it sold" You say "price is too high" Since they are unreasonable, they won't drop the price, so you won't have to deal with them through a closing.

(I run an IT consulting business that places developers. And yes, its not worth it to have difficult clients (or in my case, difficult consultants as well - both ends have to work) This seems like low risk, since odds are they aren't really interested in selling anyway or they'd list for a reasonable price).

 

[CraigInPA]

About your second question: in a real estate transaction, no one insults no one.

LOL. You didn't have to deal with the buyer of my vacation home. Her initial offer included everything in the house, including furniture, wall decor, and even the sheets, and was for 30% less than asking price when the house was only for sale for 3 days! After rejecting without a counter, she came back with an offer that didn't include the house contents, and was 20% less than the asking price. We countered 10% off. She countered back with the same 20% offer and a NASTY email that basically said "If you don't accept this one, I'm going to buy a lot and build my own house." We rejected it. She then sent an email to the agent that called us all kinds of names. Certainly not the way to buy a house. My wife and I got a good chuckle out of her attempt to insult us and bully us into selling her our home. Ultimately, she bought the house for 12% off asking price a month later when she realized she couldn't buy a lot and build even half the house for what we were asking. Of course, the craziness didn't stop with the agreement of sale. She called us not so nice names for not agreeing to leave the deck furniture, dehumidifier, microwave, wall mounted TVs, and other items one would never expect to be included in a sale of property and blamed the realtor for saying they were included (realtor denied it, of course). So, one can definitely be insulted in a real estate transaction.

 

[zavandor]

Well, she didn't insult you offering 30% less than asking price, but with all her other unacceptable behaviours. A low offer cannot be considered an insult in itself, that was my point.