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

[Breyean]

Originally Posted by cuteinnocent

Submitted on 12/3/12 and passed ROFR on 12/27. Sending in closing docs now!
VGC 310 pts, all Dec 2013 points and on.
$85/point, buyer pays closing and I pay maintenance (I was told by Fidelity that Disney bills that to me and can't be negotiated.)

Finally joining DVC!!

Great price.

I'm in ROFR now with a VGC contract at $90 and have about 50% confidence it will pass. From what Fidelity has told me recently, VGC has passed at $89, so maybe I'll be OK after seeing yours as well.

[saintstickets]

Originally Posted by 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?

Is it the flu or "addonitis"?

Most of the listings I've seen on eBay were for a certain amount of points and not the membership. The actual membership contracts were mostly from the Timeshare Store. I would think that someone selling their DVC membership would probably set a minimum that wouldn't be much different than resale prices. You'd still have to go through ROFR too but I'd also be interested to know if anyone has bought through eBay.

Good luck Sil. Too bad we aren't in the Big Easy waiting for our team to play next Sunday!

[silmarg]

Originally Posted by saintstickets

Is it the flu or "addonitis"?

Most of the listings I've seen on eBay were for a certain amount of points and not the membership. The actual membership contracts were mostly from the Timeshare Store. I would think that someone selling their DVC membership would probably set a minimum that wouldn't be much different than resale prices. You'd still have to go through ROFR too but I'd also be interested to know if anyone has bought through eBay.

Good luck Sil. Too bad we aren't in the Big Easy waiting for our team to play next Sunday!

Hey Bill! I am suffering from the flu and addonitis! While we are "managing" with our 160SSR contract, we are limited in terms of options. I think buying another 160pt SSR will make our stays more special... more 1BRs... maybe some 2BRs (w 2DDs, I need all the space I can get).

And 2014 is DWs XXth Bday and I am thinking about sending her and 5 or 6 of her friends down for a shin dig and would like to treat them to a long weekend in a GV or TreeHouse Villa and I will need some points to pull that off.

There are two contracts (not just vacations) listed on ebay by a Florida realtor named CJ Timeshares). One is auction - 100ptVero is ending tomorrow nite (its at around $1500 now) and the other is a 220pt HHI that ends in 9 days and I am the high bidder at two dollars (I have no interesting HHI.. but I am not immune to a little speculation!).

I wish the Saints made it to the big dance. I might've had to shack up w u!!! Maybe next year when the Saints make it... u can shack up w me! (but who wants to see an outdoor game in NJ in Feb). Not sure if u knew this but I share the same last name as the d-coord who Peyton just fired (no relation). I wish he would've worked out.

I hope you and yours are well... I am gearing up for a week on the Fantasy (Presidents week). Doing two one day stays before and after the cruise (BWV and BLT) and hope to visit EP b4 and MK after.

[dbs1228]

Originally Posted by 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?

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!

[lodge]

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.

[Breyean]

Originally Posted by dbs1228

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]

Originally Posted by lodge

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]

Originally Posted by silmarg

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]

Originally Posted by luv2sleep

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]

Originally Posted by silmarg

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]

Originally Posted by luv2sleep

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]

Originally Posted by silmarg

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!!!