How do they decide? Seems pretty random.
Just found out from Sharon at Fidelity that ROFR was waived on our contract.
VWL 200 pts
August UY
All 2011, 2012, 2013, 2014, etc points
$55 per point
Buyer pays closing and MFs
Jasonkat said:Just found out from Sharon at Fidelity that ROFR was waived on our contract.
VWL 200 pts
August UY
All 2011, 2012, 2013, 2014, etc points
$55 per point
Buyer pays closing and MFs
My offer was sent for ROFR today on a 200 pt SSR contract @ $50 per point, full 2012 points available and beyond, Dec use year. Buyer pays closing and 2013 MF's.
Breyean said:Here we go again.
Just had an offer accepted for 125 VGC points, June UY at $90 with buyer paying 2013 fees and closing. 79 banked 2012 points. All points going forward.
Having been ROFR'd twice in the past on VGC contracts I have to hope the third time's the charm.
I'd like to buy about 130 points in a June UY at VGC. I'm pretty sure ill buy direct but still wonder about resale. How common is it for them to exercise their rights on VGC resales? Is it common? Or was your experience more unlucky than most?
I think a lot depends on what UYs they have people waiting the longest for on their wait list.
My two were ROFR'd at the same time another poster had hers also bought back at VGC, so it seemed to us they were aggressively buying them back. But that was a little ove a year ago, and maybe things have changed.
I do know Sharon at Fidelity told me they just had a VGC pass last week at $89/point. So maybe mine will be OK.
I wound up buying direct after the two ROFRs, so this w/b the difference for us of a 1 bedroom vs a studio
As I posted earlier today, I was SO excited to finally get a VGC resale contract that met our needs.
But I just found out that Fidelity has started charging a $195 "Processing Fee" as of 1/1/13. To the buyer.
Left me with less of the great feeling I had this morning. It's like those "convenience fees" ticket brokers charge for the privilege of buying from them.
I wonder if the other brokers have started charging this fee as well?
If Fidelity has a new charge for the buyer, I think I'll go to The Timeshare Store website more frequently.
I haven't heard of TS or DVC Sale(re) having the fee.
Oh, they definitely have it now. $195 flat admin fee to the buyer.
We'll still probably go through with the contract since we've been waiting a while for one like this, but it still is a nickle and dime sort of fee that just reeks of squeezing every penny out of everyone involved in the deal.
You know what I forgot to ask? Is this fee refunded if the contract gets ROFR'd. At VGC this is a distinct possibility. I guess it depends on what part of the "process" the new "fee" applies to - the production of the contract and those steps, or the closing of the contract.
I bet, w/o knowing for sure, that it's the former and this fee is non refundable even if the contract gets ROFR'd.
I'll find out tomorrow when I call again.
Oh, they definitely have it now. $195 flat admin fee to the buyer.
We'll still probably go through with the contract since we've been waiting a while for one like this, but it still is a nickle and dime sort of fee that just reeks of squeezing every penny out of everyone involved in the deal.
You know what I forgot to ask? Is this fee refunded if the contract gets ROFR'd. At VGC this is a distinct possibility. I guess it depends on what part of the "process" the new "fee" applies to - the production of the contract and those steps, or the closing of the contract.
I bet, w/o knowing for sure, that it's the former and this fee is non refundable even if the contract gets ROFR'd.
I'll find out tomorrow when I call again.
When I asked them the other day, you pay the deposit on the contract. The closing fee goes to title co. Their fee goes to them. This is paid after rofr and when you close.