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

[Breyean]

I have not bought off e-bay but did follow a few contracts forsale on there a year or so ago. They had a BLT contract that sold for 66.75 per point I think it was a 160 point contract - wrong UY for me since I already have 2 different UY and do not want a third! I am not sure if it passed ROFR but it did sell for a great price!

I remember that contract. It was an amazing deal if it went trough.

Within the last month there was a similar deal on an OKW resale contract on EBAY - 290 points sold for $10,111, or $34 a point. With the way Disney has been ROFRing OKW that one is a stretch to get through.

 

[magicmonette]

We were at AKL this week, and found out we made it through ROFR on our 160 AKL points at $60 pp. 160 from 2012, 160 2013. August UY. YAY!

 

[silmarg]

How would it work if you win a bid on Ebay, then, and it doesn't pass ROFR?

Would you be reimbersed all you bid?

I can't imagine a low ball win on Ebay would pass ROFR when offers close to the "normal" range sometimes don't even make it. I'd be leary of purchasing on Ebay... at least with an established company, that sells the timeshares on a regular basis, you can pretty much count on certain legalities being upheld.

the contracts being sold now on ebay are by realtors. They discuss ROFR on the listing and are using a tile company as escrow agent.

The two auctions on ebay have reserves on them. The Vero Beach auction ends in about 30 mins and is only going for $20/pt, but the reserve is not yet met.

 

[luv2sleep]

the contracts being sold now on ebay are by realtors. They discuss ROFR on the listing and are using a tile company as escrow agent.

The two auctions on ebay have reserves on them. The Vero Beach auction ends in about 30 mins and is only going for $20/pt, but the reserve is not yet met.

What does that mean? If you win the bid but it doesn't pass, do you lose your $$?

 

[silmarg]

What does that mean? If you win the bid but it doesn't pass, do you lose your $$?

its just like buying at TSS or Fidelity. The only difference is instead of the smaller downpayment that TSS or Fidelity... you pay in full to an escrow agent... and if you dont pass ROFR the funds are returned.

15 mins left... $22/pt. reserve not yet met.

 

[luv2sleep]

its just like buying at TSS or Fidelity. The only difference is instead of the smaller downpayment that TSS or Fidelity... you pay in full to an escrow agent... and if you dont pass ROFR the funds are returned.

15 mins left... $22/pt. reserve not yet met.

No idea what the reserve part means. What happens if its not met?

 

[silmarg]

No idea what the reserve part means. What happens if its not met?

When you put an item up for auction (any auction...not just ebay), you can list it with a reserve... meaning a price at which must be surpassed before the seller sells the item. So while the auction may start at $1... you agree to only sell it if the final price is above $X.

The alternative is a "no reserve" auction. Then the item sells to the highest bidder no matter how high or low the final price.

No reserve auctions garner more interest as the seller is for sure selling it... and not just "testing the waters". But that is the way auctions go...

The closing high bid on the VB DVC ended up at $25.50/point, which was below the reserve (we dont know how high the reserve price is... that number is usually private... and only the seller and the auctioneer knows). So this is a no sale. Doesn't even go to ROFR.

Seller is free to re-list on ebay, sell privately or do nothing...

 

[luv2sleep]

When you put an item up for auction (any auction...not just ebay), you can list it with a reserve... meaning a price at which must be surpassed before the seller sells the item. So while the auction may start at $1... you agree to only sell it if the final price is above $X.

The alternative is a "no reserve" auction. Then the item sells to the highest bidder no matter how high or low the final price.

The high bid was $25.50 a point when the auction ended, which was below the reserve. So this is a no sale. Doesn't even go to ROFR.

Seller is free to re-list on ebay, sell privately or do nothing...

Got it! Thank you! What was the reserve on this one? What mining bid were they looking for?

 

[macd77]

OKW (Sep), $52, 164 banked '12 pts, 164 '13 pts, all 14 pts, buyer pays closing and mf (sub 1/24)

I hope to God I pass!

 

[Sandisw]

Thought we were done...but addonitis hit again. Going to Disney tomorrow for ROFR...100 BLT points, Dec UY, $95/pt, buyer pays MF's and closing. It comes with all 2012 UY points and beyond...a little high, but since all my 2013 trips are booked, I could conceivable transfer those 2012 points and that would bring the net cost down to a very nice price...regardless, I am happy as I love BLT and this now will bring us to 430 points total--280 BLT and 150 BWV!!!

 

[thptrek]

$95/pt with all 2012 UY points still available seems fair and what a lot of new listings are bunched around. I'm waiting to start the ROFR process and I know the wait is going to kill me.

 

[Sandisw]

$95/pt with all 2012 UY points still available seems fair and what a lot of new listings are bunched around. I'm waiting to start the ROFR process and I know the wait is going to kill me.

I know what you mean!! It will be a long 30 days....hopefully Disney will be kind to both of us and pass on things quickly!!!!

 

[Goonie78]

WAITING-AKV

Buzzandthemermaid --- 75 AKV (Feb), $60, 75 banked ’11 pts, 75 banked ’12 pts, all ’13 pts, buyer pays closing, seller pays mf (sub 9/6)

Just got word from Fidelity that Disney waived ROFR! We are waiting on Estoppels then onto closing documents. This is our first contract and there are points that expire 2/1/13 that we would like to use in January, travel dates and resort flexible. Hopefully something will still be there for us.

Did this go through? I'm looking for a similar small lot of points around this price range and was wondering if it passed. Hoping it did!

 

[silmarg]

Ugggh... I am home w the flu...

Been thinking about an add on for quite some time... So, I have nothing better to do... so I dropped a bid on an SSR contract over at Fidelity (still waiting to hear back).

Also looked on ebay and saw a couple listings. Got me to to thinking, has anyone here ever been successful with a DVC purchased on ebay?

Asking price $60. Original offer $50. Seller counter $55. My "final and best" offer $52.50. Accepted.

Using Shawn Ray at Fidelity.

silmarg --- 160 SSR (Aug), $52.50, all pts, buyer pays closing and 2013 mf (papers not signed yet so ROFR clock not yet ticking)

 

[puffkin]

Asking price $60. Original offer $50. Seller counter $55. My "final and best" offer $52.50. Accepted.

Using Shawn Ray at Fidelity.

silmarg --- 160 SSR (Aug), $52.50, all pts, buyer pays closing and 2013 mf (papers not signed yet so ROFR clock not yet ticking)

Thats what I have been offering too on most of my offers for SSR...also using Shawn Ray at Fidelity. Gives me hope that one of mine will get accepted soon Good luck with ROFR.

 

[silmarg]

Thats what I have been offering too on most of my offers for SSR...also using Shawn Ray at Fidelity. Gives me hope that one of mine will get accepted soon Good luck with ROFR.

I was hoping to get something w 2012 points.... but of all the SSR160Aug's out there (Jacki, TSS and Fidelity each have one) none had 2012 points to speak of... so i bid an agressive yet fair price on this one. First bid... first acceptance. Luck of the draw I guess.

 

[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.

Passed ROFR Today!

 

[disneychic]

Passed ROFR Today!

Get out! That's great! We are waiting -impatiently...its only been about 3 weeks for us!

 

[XGrumpy1]

Great contract, congrats!

 

[Scotch]

When folks say buyer pays 2013 maintenance fees/dues, are you saying starting fees due starting January 2013 regardless of use year/month?