Anyone made it through (or not made it through) ROFR recently? - Section V

[fmer55]

Ahhh. That w/b good.

Here's that section of the email...

125 point at 90.00 per point $11,250.00

Full Closing $800.00

2013 Maintenance fee $572.50

Admin Fee effective 1/1/13 $195.00


Total Purchase $13,817.00

This doesn't really spell out what is due to whom or when. And Sharon forgot to mention the fee even existed, never mind any of the details about when or to whom it's owed.

But I'm glad to hear you only pay it if you are successful in getting past ROFR, because as I've said before, I've been ROFR'd twice already at VGC and know it's a possibility.

The more I think about this the madder I get. This is what comission is for.

 

[TinkandGoofy'sMom]

Passed ROFR today! 150 points at SSR. All of 2012, 13 and 14 points. $55 per point. Buyer pays closing and 2013 maintenance fees. Very excited for it all to be done so I can tweak our summer plans. This will make or trip next week more relaxing because now I won't be wondering if we passed or not.

 

[Hilly716]

Passed ROFR today! 150 points at SSR. All of 2012, 13 and 14 points. $55 per point. Buyer pays closing and 2013 maintenance fees. Very excited for it all to be done so I can tweak our summer plans. This will make or trip next week more relaxing because now I won't be wondering if we passed or not.

I've been waiting to about your deal, I have my sights set on our first DVC contract and think SSR is a smart move. Glad it worked out so well for you!

 

[Breyean]

The more I think about this the madder I get. This is what comission is for.

You know, I was so taken aback by the fee that I didn't even notice her math is wrong. When I add up those numbers, I get a $1000 LESS than the total she shows.

Am I wrong? Is my calculator broken? Or is there another hidden fee I don't know about still waiting to jump out at me?

 

[GoofyDad1970]

My 250 point AKV contract was sent for ROFR on December 17 and I haven't heard back yet. I am not worried about it, but the waiting is killing me! GGGGRRRRRRR

 

[TinkandGoofy'sMom]

I've been waiting to about your deal, I have my sights set on our first DVC contract and think SSR is a smart move. Glad it worked out so well for you!

Thanks! Good luck to you too.

 

[dvcterry]

You know, I was so taken aback by the fee that I didn't even notice her math is wrong. When I add up those numbers, I get a $1000 LESS than the total she shows.

Am I wrong? Is my calculator broken? Or is there another hidden fee I don't know about still waiting to jump out at me?

No, I looked at the numbers and saw that. I used Fidelity and they did not have any additional charges-all the fees you see are the ones listed. The numbers are off.

 

[TinkandGoofy'sMom]

My 250 point AKV contract was sent for ROFR on December 17 and I haven't heard back yet. I am not worried about it, but the waiting is killing me! GGGGRRRRRRR

Hang in there! It should only be a couple more days. Bad news is even if you pass, there is a little more waiting until all is said and done

AKV our home resort and we LOVE it!

 

[GOOFY D]

I was planning on offering on a contract through them tomorrow. I guess I'll cobroke instead. There are other resale companies who will make offers on Fidelity properties and not charge the fee.

I wish I would have known that.

 

[Breyean]

I was planning on offering on a contract through them tomorrow. I guess I'll cobroke instead. There are other resale companies who will make offers on Fidelity properties and not charge the fee.

Cobroker and not only will Fidelity lose the $195 fee but they will have to split the commission.

 

[fmer55]

You know, I was so taken aback by the fee that I didn't even notice her math is wrong. When I add up those numbers, I get a $1000 LESS than the total she shows.

Am I wrong? Is my calculator broken? Or is there another hidden fee I don't know about still waiting to jump out at me?

You are correct, the math makes no sense. I have an offer on a contract that I want, If it works out I will then negotiate witht them over the fee. If they want to lose a deal over the 195 that will be there prerogative.

It is enough we negotiate closing, MF's, PP and now we have to negotiate their $195 fee? And double check their math?

 

[KAT4DISNEY]

Fidelity had this additional fee before - up until 2, maybe 3 years ago. I think it may have been higher but didn't purchase thru them so I'm not positive. At that time they also weren't used as much by people on the DIS. They dropped the fee, got a new website where you could actually see contracts they had for sale and became one of the hot brokers. As they say - everything old is new again.

 

[Breyean]

You are correct, the math makes no sense. I have an offer on a contract that I want, If it works out I will then negotiate witht them over the fee. If they want to lose a deal over the 195 that will be there prerogative.

It is enough we negotiate closing, MF's, PP and now we have to negotiate their $195 fee? And double check their math?

Called them this morning.

Good news is their math was, indeed, wrong.

Bad news is, the $195 is not negotiable AND they charge it even on cobrokered deals. So that closes that potential loophole.

So we are going through with the deal.

 

[fmer55]

Called them this morning.

Good news is their math was, indeed, wrong.

Bad news is, the $195 is not negotiable AND they charge it even on cobrokered deals. So that closes that potential loophole.

So we are going through with the deal.

Plenty of other contracts out there with the other brokers who don't charge a fee I would think.

 

[Breyean]

Plenty of other contracts out there with the other brokers who don't charge a fee I would think.

Not really. We buying VGC and since we already own a few hundred points there we've been looking for a smallish contract. Between that, matching the UY and not having a completely stripped contract, that narrows the field quite bit.

We've been looking for about 6 months actively, and very few this size pop up at all, forget about the UY we need and with points available now.

 

[dvcterry]

Not really. We buying VGC and since we already own a few hundred points there we've been looking for a smallish contract. Between that, matching the UY and not having a completely stripped contract, that narrows the field quite bit.

We've been looking for about 6 months actively, and very few this size pop up at all, forget about the UY we need and with points available now.

Congratulations. It is a tough resort to find a match with current UY and after actively looking, I hope it works out for you. We've been waitlisted for a while now and actively looking resale. Very highly coveted. I'm glad you were able to find something. I'll wait & hope someday I am able to find something too. Again, congratulations!

 

[Breyean]

Congratulations. It is a tough resort to find a match with current UY and after actively looking, I hope it works out for you. We've been waitlisted for a while now and actively looking resale. Very highly coveted. I'm glad you were able to find something. I'll wait & hope someday I am able to find something too. Again, congratulations!

Thanks. We were on that wait list twice last year after getting ROFR'd on two VGC contracts.

If that happens again, we'll be joining you on the list again because I can't take getting ROFR'd all the time!

Maybe you'll luck out and come across the perfect resale while you wait. Hope you do. Good luck to you!!!

 

[GoofyDad1970]

Disney waived ROFR on our 250 point AKV contract! 250 points at $63 per point, 114 in Feb. and all 250 points in Feb. 2014. Disney, here I come!

 

[lville23]

Day 7 of awaiting Disney's ROFR decision. I'm like a kid waiting for Christmas, time has slowed down. I don't think my chances on this OKW contract are great but still excited. Already looking for, and locking in on, another contract to offer on...

 

[Minnies Dad]

Thanks to everyone for sharing all of the great information here. Based largely on everything we learned and our 10 day trip in December which we split between BLT and AKL, we decided to buy. After several failed offers, we had our first offer accepted. Our contract was submitted to ROFR on Jan 4th.

AKL Dec $62 200 points 316 2012 (116 banked) 200 2013 200 2014. Buyer pays closing and 2013 Maintenance Fees.