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

[wishicouldgomoreofte]

I didn't use one of the 4 big resale companies on this one...just one of my inquiries on various other sites actually panned out. I had been making offers and getting rejected for a month by then. I learned A LOT, and also learned what I was willing to compromise on.

Who are the Big 4 resale companies?
I only know of the Tiimeshare Store. Bought from them back in 2007.
Who are the others, and how do you find them?

 

[maburke]

Here I am, amazingly, joining this group. After waiting since last April for direct VGC points, I happened across a resale contract that fit and jumped on it. So..off it goes to ROFR (hope my guide doesn't call NOW...what a dilemma). So details are 125 VGC, March use year, $108 a pt, 12 pts coming from 2013, 125 2014, I pay closing. Fingers crossed..more points than originally intended but I'm sure if it works out, I can use them

Yea! I saw that listing and thought of you. So glad you snagged it! I think you'll pass ROFR. I passed with a March UY a few months ago (I'm in the list here on the first page), and you were on the waitlist even then. (Sorry!) But if they do offer you the points direct, you can then buy only as many as you originally wanted, not the whole 125. And it sounds like when they ROFR points to then sell to the waitlist, you find out you were ROFR'd before you get the direct call.

Oh, and another thing going for you: Disney can split up the contract, but one thing they can't do, AFAIK, is make current year points appear. So they probably won't want this contract, because they couldn't sell it until March, 2014. (They don't sell contracts without points at least coming sometime soon.)

 

[maburke]

Continued thought: So that makes me wonder: Is a stripped contract more likely to pass ROFR?* I mean, maybe it doesn't matter at a place like AKV, where there are plenty of points in their portfolio, but when we're talking about a place/UY with waiting lists, are they less likely to take a contract that they can't sell right away? I know people are sometimes told when buying direct that they should feel special about getting last year's points, but do they ever sell stripped contracts direct?

* I think you also have to exclude a situation like unextended OKW, where they are clearly being aggressive with ROFR for other reasons, like to extend the contracts.

 

[nunzia]

Yea! I saw that listing and thought of you. So glad you snagged it! I think you'll pass ROFR. I passed with a March UY a few months ago (I'm in the list here on the first page), and you were on the waitlist even then. (Sorry!) But if they do offer you the points direct, you can then buy only as many as you originally wanted, not the whole 125. And it sounds like when they ROFR points to then sell to the waitlist, you find out you were ROFR'd before you get the direct call.

Oh, and another thing going for you: Disney can split up the contract, but one thing they can't do, AFAIK, is make current year points appear. So they probably won't want this contract, because they couldn't sell it until March, 2014. (They don't sell contracts without points at least coming sometime soon.)

I hadn't thought of that..good point!

 

[Missyrose]

I'm not sure I see the prices going down in the foreseeable future. Disney seems to keep increasing the price of points for new projects (can't imagine what Grand Floridian will be!), and I think that will keep up the prices of older sites' points. If I look at the charts on this board, the resale prices are close to the original prices for most projects. If you buy new, your points will likely loose value on the resale market. But, if you buy resale initially, I think it's likely that your points will hold their resale value for quite a while. Once we get closer to the expiration of those points, the value will decline.

Am I missing something in my reasoning?

IMHO, I think it's a mistake to think that direct prices have any real bearing on the resale market. Lets say someone bought an AKV contract 18 months ago from Disney price would have been, what, $125 pp or so?). AKV resale prices around the time of their purchase was around $75 pp. 18 months later, they now have to sell their contract but AKV resale prices have slipped even further to $55-$65 pp. Just because Disney is constantly raising the price on new resorts, it doesn't mean prices will ever rise correspondingly on the resale market.

The resale market is based on supply and demand, the resorts that see lots of contracts for sale, tend to see their prices drop fastest. BWV was one resort that had prices drop to around $50 pp last year, but the number of BWV contracts on the resale market dried up so the price inched back up to $55-$60+ pp because demand outstripped the supply.

 

[Breyean]

But if they do offer you the points direct, you can then buy only as many as you originally wanted, not the whole 125. And it sounds like when they ROFR points to then sell to the waitlist, you find out you were ROFR'd before you get the direct call.

When we added on a little over a year ago, we were on the wait list for 75 points. While we were waiting, we were ROFR'd on two much larger VGC contracts and we started thinking we wanted more direct when we would finally get to the top of the list.

I called my guide and he said he could either just change the 75 to a higher number, and we'd keep our place on the list, or he could leave the 75 request alone and do another one which w/b at the bottom, for the additional points. We did that since we figured having two smaller contracts w/b good and it also spread out the payment a little.

So we were on the list twice at one time.

BTW, when we did both requests, our guide suggested, and we did this, that we specify a range of points we wanted. I think the first was actually 50-75; the second was 75 to 125. He said that way our names would come up if a smaller number of points became available instead of being passed over while we waited for the larger number.

He also told us, both times, that while it is easy to take a lower number than what you request since they just move those points to the next person on the wait list, it was harder, but not impossible, to get MORE points than you had requested. I actually spoke to a supervisor and she confirmed that was true.

I don't know for sure because we took the max each time, but maybe you CAN get more than you requested if you contact your guide. Or, it seems you could make your request for more points before your name hits the top of the list.

Although at this point, after waiting a year and having a resale in process, he might not want to draw any more attention from Disney!

 

[candiemonster]

I've been on the lookout at the same time on the waitlist direct for a VGC Dec UY. Does anybody know if this is the most requested UY for VGC?

 

[nunzia]

When we added on a little over a year ago, we were on the wait list for 75 points. While we were waiting, we were ROFR'd on two much larger VGC contracts and we started thinking we wanted more direct when we would finally get to the top of the list.

I called my guide and he said he could either just change the 75 to a higher number, and we'd keep our place on the list, or he could leave the 75 request alone and do another one which w/b at the bottom, for the additional points. We did that since we figured having two smaller contracts w/b good and it also spread out the payment a little.

So we were on the list twice at one time.

BTW, when we did both requests, our guide suggested, and we did this, that we specify a range of points we wanted. I think the first was actually 50-75; the second was 75 to 125. He said that way our names would come up if a smaller number of points became available instead of being passed over while we waited for the larger number.

He also told us, both times, that while it is easy to take a lower number than what you request since they just move those points to the next person on the wait list, it was harder, but not impossible, to get MORE points than you had requested. I actually spoke to a supervisor and she confirmed that was true.

I don't know for sure because we took the max each time, but maybe you CAN get more than you requested if you contact your guide. Or, it seems you could make your request for more points before your name hits the top of the list.

Although at this point, after waiting a year and having a resale in process, he might not want to draw any more attention from Disney!

I asked my guide this and he said no..it was a locked in number and would bump me to bottom, but I could add another to bottom if I wanted. BTW just saw ANOTHER March VGC on a resale list..100 pts..but sale is pending already before I saw it.

 

[Breyean]

I asked my guide this and he said no..it was a locked in number and would bump me to bottom, but I could add another to bottom if I wanted. BTW just saw ANOTHER March VGC on a resale list..100 pts..but sale is pending already before I saw it.

Maybe they changed the policy since last year. I know when we did our second wait list we decided to do it right before they raised the direct price from $120 to $130. Maybe it was because of that impending change that my guide was allowed to make the offer to just increase our original wait list request. Or maybe he was just wrong. We didn't find out because, as I said, we just added a second request to the bottom of the list at the old price.

Did you see the 240 March contract on Fidelity? I know TTS had one that I don't think was ever on their site before it was marked sale pending. I think it showed up that way! But Fidelity posted one Friday for 240 points, which may be more than you are looking for.

Well, this s/b my week to hear, but after seeing how high the prices have gone on resales just in the last month since we did our contract, I'm not very optimistic. I think you have a good strategy of taking whatever comes, either direct or resale, and I hope it works out well for you either way it goes.

 

[mac_tlc]

Hi everyone ,

Been a little busy lately so I am a somewhat behind on the lastest update. I'm about 1/2 way thorugh the posts since the last update. Should have something posted in the next couple of days.

mac_tlc

 

[lovin'fl]

Hi everyone ,

Been a little busy lately so I am a somewhat behind on the lastest update. I'm about 1/2 way thorugh the posts since the last update. Should have something posted in the next couple of days.

mac_tlc

I updated or compiled it all in 3 posts on pages 46 and 47. That may save you some time.

 

[shwn]

Good luck to everyone hoping to hear something on ROFR today! Hope that we all hear great news!!!

 

[lovin'fl]

Good luck to everyone hoping to hear something on ROFR today! Hope that we all hear great news!!!

Ditto! A bunch of us should hear today. I think it will all be good news!

 

[kenly777]

Good luck to everyone hoping to hear something on ROFR today! Hope that we all hear great news!!!

Good luck and pixie dust to all!

 

[MickeyFan612]

Mickeyfan612 210 SSR (June) $55, 420 11'/12' points and 210 13' points, buyer pays CC and $195 fee (sub 2/4) Fidelity

Ug- Just found out Disney Exercised ROFR-

I think this may be first SSR ROFR reported here!

 

[MapleGirl]

Good luck today everyone!!

We are moving forward. The seller accepted our offer of $50/pt on a 150 point contract at SSR, buyer pays prorated MF's and 1/2 closing costs. There are 23 points banked from 2012 and all the points from 2013 are available. December UY. I should get the contract to sign this week then it will be sent to Disney for ROFR.


ETA the board shorthand:

MapleGirl -- 150 SSR (Dec.) $50, 23 banked '12 points, buyer pays half closing & prorated MF (waiting to sign contracts before being sent to ROFR)

 

[puffkin]

Mickeyfan612 210 SSR (June) $55, 420 11'/12' points and 210 13' points, buyer pays CC and $195 fee (sub 2/4) Fidelity

Ug- Just found out Disney Exercised ROFR-

I think this may be first SSR ROFR reported here!

Wow, sorry

I would never have thought your contract would have gotten ROFR'd at that price even though it is loaded. The only thing I can think is because of the UY since that is one of the smaller ones.

We are waiting to hear on our ROFR (submitted the day after you) for SSR Feb 115 at $48. I am still pretty confident it will go through because there are no 2013 points, but who knows.

 

[MapleGirl]

Mickeyfan612 210 SSR (June) $55, 420 11'/12' points and 210 13' points, buyer pays CC and $195 fee (sub 2/4) Fidelity

Ug- Just found out Disney Exercised ROFR-

I think this may be first SSR ROFR reported here!

Oh no!!! I am so sorry.

 

[MapleGirl]

Anyone else superstitious?

I won't change the trip countdown in my siggie until a SSR purchase is complete. I don't want to jinx anything by being too optimistic.

 

[lovin'fl]

Good luck today everyone!!

We are moving forward. The seller accepted our offer of $50/pt on a 150 point contract at SSR, buyer pays prorated MF's and 1/2 closing costs. There are 23 points banked from 2012 and all the points from 2013 are available. December UY. I should get the contract to sign this week then it will be sent to Disney for ROFR.


ETA the board shorthand:

MapleGirl -- 150 SSR (Dec.) $50, 23 banked '12 points, buyer pays half closing & prorated MF (waiting to sign contracts before being sent to ROFR)

What are you paying prorated MF on? If there are all 2013 points, then you'd pay all 2013 MF...are you paying MF on 2012 points? Good luck with ROFR.