RESERVE NOW or BID
NOW?
How do I
know whether to reserve or bid?
If you are firm as to the dates you want to be on the
Monterey Peninsula and the dates are during a high season or a
holiday, you will want to reserve as soon as possible, since the
likelihood of the property getting rented for a high season or
holiday time is great. You will also want to reserve now if
there is a specific property that you want and no substitute
will do. However, if your dates are flexible and the time you
want to visit is not a high season, feel free to make a bid. You
may also want to bid if you are booking at the last minute. Many
of the property owners for whom we manage are willing to make
concessions during non-peak time periods or for last-minute
bookings.
If I reserve now, what is the rate I will pay?
If you elect to reserve now, you will pay the rate that we
have estimated the market will bear for this time period. In
other words, the rate will be one that we feel is reasonable for
the demand that will exist for that particular property at that
time.
How do I know how much to bid?
It’s hard to say, since the answer depends on market demand,
the likelihood of getting the property rented for the advertised
price, and the individual owner’s willingness to be flexible on
price.
What happens when I make a bid?
When you make a bid, your bid is forwarded to the managing
agent of the property. If your bid is the best offer that the
agent has received for the time period you are requesting, the
agent will consider the market conditions, the owner’s
flexibility, and other considerations specific to the property.
The agent will either accept your bid, forward your bid to the
owner for the owner’s consideration, or make a counter-offer
that the owner will accept. Hopefully, you and the agent will
come to an agreement on an arrangement that will work for both
you and the property owner. If that is not possible, the agent
may be able to suggest a substitute property for which your bid
will be accepted.