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

Discussion in 'Purchasing DVC' started by mac_tlc, Sep 21, 2012.

  1. The Crusher

    The Crusher Earning My Ears

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    We had a similar contract go through last week @ OKW- 150 pts @$60 - Dec UY - 2013 forward. We paid MF and split the closing. I think that the lack of available banked points may have got us through ROFR. Good luck.
     
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  3. annmarieda

    annmarieda DIS Veteran

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    :goodvibes Thanks! You give me hope!!! Can I ask what your timeline was?
     
  4. The Crusher

    The Crusher Earning My Ears

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    3/8 - offer made, 3/8 - offer accepted, 3/9 contracts from buyer/seller faxed with deposit, 4/3 ROFR waived, 4/11 - closing docs received, 4/13 funds sent - awaiting finalization.
     
  5. lovin'fl

    lovin'fl DIS Veteran

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    Looks like we're going back on the 30 day ROFR wait. Our offer was accepted for 50 HH points Aug UY. Using a new broker this time (Shontell with www.DVCbyResale.com) and she's been very good with communication and super quick.

    Here's the details and I know we're over paying but the small contracts with our UY are hard to find (and the sellers are paying 1/2 of the $650 CC, so that brings it to $53.50/point technically)...so:
    50 HHI (Aug) $60, all 2014 points and going forward, seller pays half of closing and 2013 mf (sub 4/22)
     
  6. bobbiwoz

    bobbiwoz I'm happy to dance with you!

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    OK...this was March 12th. We just got notice that we have closed, and should be in DVC's system with these points probably within 10 days!

    Not bad timing at all!:thumbsup2
     
  7. lovin'fl

    lovin'fl DIS Veteran

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    Wow...that is quick. I hope my HH goes quick too, though I won't be making a resie until September. Congrats...hope DVC loads your points quick too.
     
  8. kapicka

    kapicka Earning My Ears

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    A seller just agreed to sell me 160 pts at $88 per point (has all of 2013 and 2014 points) and I offered to pay closing and for the fees this year since the points are there. Here's my (possibly crazy) question - should I offer MORE? I'm looking at list of recent sales (shown below) and not sure it will go through. Let me know what you think and if I should offer more what amount would you offer? Thanks!!


    momto3pirates------- 160 VGC (Jun) $92, 4 '11 pts, all '12 pts, buyer pays closing and mf (passed 2/29)
    Meriweather------- 130 VGC (???) $89 (sub 1/24, passed 2/22)
    defnjeb------ 160 VGC (???) $88, 132 banked '10 pts, 156 '11 pts (sub 2/10, passed 3/7) member
    Quilter007------- 220 VGC (Jun) $98, 188 banked pts, buyer pays closing (sub 2/2, passed 2/29)TTS
    Homemom--------- 100 VGC (Apr) $90, 81 '11 pts, all '12 & '13 pts (sub 3/7, passed 4/4)
    dl crazy----- 100 VGC (Aug) $89, 94 '12 pts, all '13 pts, buyer pays closing and mf (sub 3/30, passed 4/25)
    sparkhill----- 107 VGC (Sep) $90, all '11 & '12 pts, buyer pays closing, seller pays mf (sub 4/10, passed 5/8) Fidelity
    sparkhill----- 107 VGC (Sep) $90, all '11 & '12 pts, buyer pays closing, seller pays mf (sub 4/10, passed 5/8)Fidelity
    sparkhill 250 VGC (Sep), $88, 125 11 pts, all 12 pts, seller pays closing, buyer pays mf (sub ??, passed 7/3)
    maburke --- 135 VGC (Mar), $97, 14 banked '11 pts, all 12 & '13 pts, buyer pays closing & mf (sub 8/18, passed 9/11)
    disneyfm4 --- 160 VGC (Jun), $89, 144 '12 pts,all '13 pts, seller pays closing, buyer pays mf (sub 11/28, passed 12/18)
    cuteinnocent --- 310 VGC (Dec), $85, all '13 & '14 pts, buyer pays closing & mf (sub 12/3, passed 12/27)
    Breyean --- 125 VGC (Jun), $90, 79 banked '12 pts, all '13 & '14 pts, buyer pays closing & mf (sub 1/14, passed 2/20)
    nunzia --- 125 VGC (Mar), $108, 12 '13 pts, all '14 pts, buyer pays closing (sub 2/14, passed 3/13)
     
  9. fmer55

    fmer55 DIS Veteran

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    2 weeks after my latest offer was accepted contracts were finally signed and sent of to ROFR.

    200 BLT Feb UY, 2013-75, 2014-200, 2015-200. $80pp, seller pays MF's, buyer pays closing and admin fee.
     
  10. Breyean

    Breyean DVC Since '93

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    You never know with ROFR, and I'm right there on your list of those who just passed at VGC, but my first impression when I saw that contract today was it wasn't going to pass at that price.

    I also wonder how the broker even lets a seller list for such a low price. Another 160 contract sold yesterday - asking was $115 and it sold within hours, so if not at asking price it must have been pretty close.

    All I can say is when I did my offer in January, before the recent price increases, I was wary of $90 being too low. The broker assured me they had had two recent VGC contracts pass at $88 and $89. She said I could offer more if I wanted, and I was tempted because I had been ROFR'd twice already at VGC, but we went with the asking price of $90 and it all worked out.

    I wish you all the luck in the world. I think the general feeling on these boards is no one knows why Disney takes some and passes others, so raising the price you pay might or might not help. But with your price at $88 vs others going for the low $100s, you'd have to raise it an awful lot to make up the difference between your and the others.

    I'd stick with what you have and cross your fingers.
     
  11. bobbiwoz

    bobbiwoz I'm happy to dance with you!

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    Thank you. I do want to use the points for December & January. I could even be within the owners booking time for the December reservation!:)
     
  12. DisneyDiana

    DisneyDiana DIS Veteran

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    Shontell is awesome. Everything has moved super fast for us. If I add on I will definitely use her again.
     
  13. Rmgdisney

    Rmgdisney Earning My Ears

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    We also used Shontell and have been very pleased. We received our closing docs 4 days after hearing we passed. We are hoping we will be closing sooner than expected. Very happy :dance3:
     
  14. lchute1158

    lchute1158 Mouseketeer

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    Never offer more than asking. That's nuts.
     
  15. PCMama

    PCMama Mouseketeer

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    Mine didn't pass at $93 ppt 250 points Dec use year all. 2012 and 2013 points. But $88 is a great deal if it passes and you never know!. I have another at a higher ppt right now sitting at Disney.. Good luck. !!! Keep up posted!!

    Btw mine got taken on 4/8 sub 3/13.

    But I say GO For it!!
     
  16. dbs1228

    dbs1228 DIS Veteran

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    Does anyone know if this thread will be updated - A lot of activity to try to capture and its been over a month? Is there any easy way to collect the data to try to condense it so OP can update the data easily? Just curious, I would be willing to help just not sure how to tackle so many pages.
     
  17. arachnib

    arachnib A Dream Is A Wish Your Heart Makes!

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    I have rationalized a mathematical formula to figure out how much "over" really is over the course of the deed. It's a way to soothe my trepidations.

    So for BWV, if they were going for $69, 6 weeks ago, and I bid $77 today, (a difference of $8/point), and I am purchasing 350 points, it works out to an additional $2800 I am paying over last month's going rate. (An amount that got me two ROFR on BWV when I bid $69 on BWV last month.) On a 29 year deed (BWV), $8 more per point works out to $96/year more than you are paying over a person bidding $69, an amount that was not passing last month.

    Hope this helps you analyze this.

    Sandy
     
  18. annmarieda

    annmarieda DIS Veteran

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    :thumbsup2 that is quick for the contracts, yes? We had the offer accepted a couple days ago... but I don't expect the contract for another week. This really is teaching me some patience... and knowing that we will have at least another month... :rotfl: I really will be :yay: when it finally is done.

    Hopefully your wait will end soon here! Would you think any day?
     
  19. kenspidey

    kenspidey Mouseketeer

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    I also go for it.... You can't predict ROFR
     
  20. gpts@disney

    gpts@disney Earning My Ears

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    Well the mouse got another one. Disney exercised ROFR on the following contract: BMV Dec UY, 222 pts all 2012 pts and forward. Fully expected the ROTR considering what's been happening lately. Back to the drawing board :(
     
  21. gpts@disney

    gpts@disney Earning My Ears

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    Sorry forgot $ per point: $64
     

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