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. PCMama

    PCMama Mouseketeer

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    Unfortunately if you want a deal you have to he persistent with Fidelity. I offered $67 ppt on a loaded ssr at TSS.which is extremely high if you check the rofr board and the seller flat out rejected it and wanted $72. I told the agent thank you very much and called Shawn ray at fidelity. She is busy, but she does call back. If she doesnt I just call again. She never makes me feel like I'm hounding her. I offered the same on a similar contract with seller paying closing and she told me it was a very strong offer and will call me when she hears. Of course come Monday I may call her before she calls me but hey if I get the contract and it goes through ill be happy. Once I get my first small contract I feel like ill be less anxious after the mouse taking two of my contracts and can start to bottom feed for deals.
     
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  3. agie65

    agie65 New Disney Fan DVC Gold

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    Good strategy.
     
  4. theguda

    theguda Mouseketeer

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    I followed the 4 big sites for a couple weeks before making an offer with TSS.
    At first, it did seem like Fidelity had the best deals...but as I followed the listings I realized that the other companies also had good deals periodically....especially TSS

    As a matter of fact, in the past month I didn't see any BWV contract on Fidelity that beat the deal I got with TSS.
     
  5. ELMC

    ELMC DIS Veteran

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    I understand your frustration, but I think that if getting the best price is your main objective then fidelity is the place you should be looking. As far as the customer service goes, there have been a lot of mixed reviews, but the bottom line is that they have two brokers doing the work of five. So it is a bit understandable that they are slow to respond. For that I would blame the company and not the brokers, who are good people trying to do their best.
     
  6. agie65

    agie65 New Disney Fan DVC Gold

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    Agreed.
     
  7. wl1117

    wl1117 Mouseketeer

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    We just purchased a VWL resale.

    Sept use year, 150 points, $60pp
    Submitted to ROFR - 3-26-13, Passed on 4-15-13, Added to our membership (by Disney) 5-6-13

    :cool1:
     
  8. lchute1158

    lchute1158 Mouseketeer

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    Congrats!

    Sent from my iPad using DISBoards
     
  9. lorie13

    lorie13 Mouseketeer DVC Gold

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    I just closed a contract with TSS on May 16th (offer made April 11), now waiting for my points to be added to our membership. I agree they are efficient and fast, but I do not think they want to negotiate the prices that are listed. I paid asking ($78) for the BWV contract, but because it was fully loaded with points from 2011 and forward, I felt it was worth it as I can rent those points out and it would bring the contract to what was considered "normal" BWV pricing. A fully loaded contract is worth more than a stripped contract at a lower price, especially when the dues have been paid on the points (2012 or 2011).

    Now I am looking for BLT and all the contract are really high compared to what is listed here as sold. So I asked Scot if he would present offers in the mid 80's range. This was his answer "We will present any offer you are comfortable with but I just want you to be aware that Disney has been much more active on ROFr than they were earlier this year. Recently DVC buybacks at BLT have been between $90 to $96 per point although files have also waived at those prices. "
    It is not going to stop me from offering when I see a contract I am interested in. I also threw offers on a couple of contracts with "one of the other" resellers last week, they were partial stripped (did not have all of 2013 points), they were very gracious and presented the offers to the buyers, who flatly declined them. Oh well! I sent an offer yesterday to Fidelity, but have not heard yet.

    My philosophy right now is, I will keep throwing offers out there and something is bound to stick. :)

    FYI: I am in Southern California Real Estate and it is just as crazy in house buying right now as it is in DVC Resale. Signs of an improving economy or another mini bubble, only time will tell.
     
  10. lchute1158

    lchute1158 Mouseketeer

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    Yea I agree TSS doesn't want you to negotiate. I have had them tell me when I was offering I shouldn't do it...and when the seller came back with a counter he seemed shocked. Fidelity has had no problem with any offer I have submitted. I think it is a bubble... But I hope not in the SoCal market!

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  11. NoleFan

    NoleFan DIS Veteran

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    I recall when you initially posted your offer on the BWV contract. OP replied that it was the highest offer they had seen for BWV. However, now just over 30 days since your offer, we are seeing BWV with asking prices in the $80's!! The market seems to be going up but I wonder like you do whether it is an improving economy or mini bubble? I am also very curious to see the effect VGF sales have on the resale market? People on wait list opting for VGF? More people selling old resorts to buy @ VGF ??

    Congrats neighbor on your BWV contract & good luck on your BLT search!
     
  12. Euchre_U

    Euchre_U Hoosier born, Texas bed

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    All,

    I don't see a bunch of Aulani posts. We were ROFR'd last week by Disney.

    Our accepted offer by the sellers (non-US citizen sellers) -

    $80/pt - 160 annual point contract,
    160 2013 points,
    160 2014 points,
    160 2015 points.

    Contract was a "grandfathered" contract from a dues perspective.

    Contract was through Fidelity. Fidelity seemed really slow. Not sure if was because of the Non-US sellers, their own internal paper work system, etc. Had to resign documents, etc.

    We submitted the contract two weeks before the price increase, and Disney bought it last week (one week after the price increase, I think). Not sure if we are going to try for another contract. Like we said, Fidelity was not impressive.

    I'm not sure how to get this posted to the summary page, but if I need to edit those posts I probably can do it with a little guess-work. Hope this helps other people with a data-point for Aulani ROFR exercises.
     
  13. lchute1158

    lchute1158 Mouseketeer

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    Thanks.. I think I read somewhere that disney rofr's the subsidized dues a lot to get them out of the system. Sorry. I'd like a smaller Aulani contract ...keep looking! Good luck. Fidelity has the better deals, you just have to be patient with their horrible service.

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  14. lovin'fl

    lovin'fl DIS Veteran

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    I updated...page 162.

    What's the UY and dates submitted and ROFRd and was it subsidized? Sorry it was taken by the mouse. Good luck in your hunt for a new contract.
     
  15. agie65

    agie65 New Disney Fan DVC Gold

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    I bet due to subsidies dues.
     
  16. agie65

    agie65 New Disney Fan DVC Gold

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    Waived BLT lowest I saw was $78, in high 90 I personally would not buy.
     
  17. Richmond566

    Richmond566 Earning My Ears

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    OKW 270 points, $50 per point, 2042 expiration with Decmber use year. Go to ROFR today...Day # 1....what do you guys think. Can we get it by them or will the exercise the ROFR
     
  18. dbs1228

    dbs1228 DIS Veteran

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    What kind of points does it have? If its stripped and no points until 2014 then it has a great chance of passing if it has 2013 points coming it decreases the chances but still may go thru since they would have to sit on the contract until Dec. and if its loaded (2012) then the odds go up a lot that they will take it. Good luck
     
  19. bman388

    bman388 Earning My Ears

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    We actually went to ROFR on 4/29. A little miscommunication between us and the broker :) Hoping for news this week.
     
  20. lchute1158

    lchute1158 Mouseketeer

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    Any news on passing today?

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  21. Euchre_U

    Euchre_U Hoosier born, Texas bed

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    The UY was March. It matched our current UY, but we were pretty open to any UY.

    Thanks,

    Kurt H.
     

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