Discussion in 'Purchasing DVC' started by mac_tlc, Sep 21, 2012.
How do they decide? Seems pretty random.
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It does seem random because DVD's ROFR policy has not been made public. So all we have is a theory formulated by compiling assumptions and inferences made from the data that is available. The general consensus is that the contributing factors have to deal with price (if it's too low) and whether or not DVD has buyers waiting for a particular UY at a particular resort. There has also been discussion about DVD's predicament with the split end dates at OKW which has something to do with the higher than average ROFR rates for that resort. Every once and awhile a lower priced contract will pass and a higher priced contract will get ROFR'd. It's hard to say if that is an anomaly or the exception that proves the rule.
When making an offer I think you have to factor in who is paying the fees when looking at the per point price. I notice on the first page of this thread that most the ROFR'd contracts for OKW detail that the seller is paying MF. Thus, with seller paying MFs the actual price per point is $5.34 less. So the $57 or $58 per point offer is actually only $51.66 or $52.66. Along with UY and que to buy direct it might explain why some lower per point contracts make it through and others are ROFR'd. Sitting here awaiting Disney's ROFR decision on a loaded 230 pt OKW contract and appreciate all the learnings I have had from this site and the data being shared!
Just found out from Sharon at Fidelity that ROFR was waived on our contract.
VWL 200 pts
All 2011, 2012, 2013, 2014, etc points
$55 per point
Buyer pays closing and MFs
Nice deal! Congrats!
Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
Here we go again.
Just had an offer accepted for 125 VGC points, June UY at $90 with buyer paying 2013 fees and closing. 79 banked 2012 points. All points going forward.
Having been ROFR'd twice in the past on VGC contracts I have to hope the third time's the charm.
Found out today that we passed ROFR! Excited to plan a 2013 trip, but may be a bit difficult with a current 2 month old. Probably be a low key trip just enjoying a couple of the resorts and maybe 1 day at the parks. Although, like most on here, my wife and I are the real kids when we go to disney
I'd like to buy about 130 points in a June UY at VGC. I'm pretty sure ill buy direct but still wonder about resale. How common is it for them to exercise their rights on VGC resales? Is it common? Or was your experience more unlucky than most?
Just received an email that Disney waived ROFR. 160 points at BCV for $70/point, Feb UY. We pay 2013's MF and closing. All 2012 points forward.
I think a lot depends on what UYs they have people waiting the longest for on their wait list.
My two were ROFR'd at the same time another poster had hers also bought back at VGC, so it seemed to us they were aggressively buying them back. But that was a little ove a year ago, and maybe things have changed.
I do know Sharon at Fidelity told me they just had a VGC pass last week at $89/point. So maybe mine will be OK.
I wound up buying direct after the two ROFRs, so this w/b the difference for us of a 1 bedroom vs a studio
My first points were resale at VGC, but now I am trying to add a few more points direct. Been waiting only a month and it is for Dec use year.
As I posted earlier today, I was SO excited to finally get a VGC resale contract that met our needs.
But I just found out that Fidelity has started charging a $195 "Admin Fee" as of 1/1/13. To the buyer.
Since it's only a 125 point contract, that adds another $1.50/point to the cost. Not a big deal, but I was surprised because in the past when I bought from Fidelity there was no such fee.
Left me with less of the great feeling I had this morning. It's like those "convenience fees" ticket brokers charge for the privilege of buying from them.
I wonder if the other brokers have started charging this fee as well?
Congratulations on finding a VGC. I was not happy to find out about the $195 processing fee. It adds up on those smaller contracts-closing costs + $195 and the fact that the smaller point contracts go for more per point. Very disappointed.
If Fidelity has a new charge for the buyer, I think I'll go to The Timeshare Store website more frequently.
I haven't heard of TS or DVC Sale(re) having the fee.
Oh, they definitely have it now. $195 flat admin fee to the buyer.
We'll still probably go through with the contract since we've been waiting a while for one like this, but it still is a nickle and dime sort of fee that just reeks of squeezing every penny out of everyone involved in the deal.
You know what I forgot to ask? Is this fee refunded if the contract gets ROFR'd. At VGC this is a distinct possibility. I guess it depends on what part of the "process" the new "fee" applies to - the production of the contract and those steps, or the closing of the contract.
I bet, w/o knowing for sure, that it's the former and this fee is non refundable even if the contract gets ROFR'd.
I'll find out tomorrow when I call again.
That makes me angry. I really like dealing with them but this seems a little like choking the buyer. I have been loyal to them but will definitely be an equal oppurtunity shopper now.
When I asked them the other day, you pay the deposit on the contract. The closing fee goes to title co. Their fee goes to them. This is paid after rofr and when you close.
I was planning on offering on a contract through them tomorrow. I guess I'll cobroke instead. There are other resale companies who will make offers on Fidelity properties and not charge the fee.
Ahhh. That w/b good.
Here's that section of the email...
125 point at 90.00 per point $11,250.00
Full Closing $800.00
2013 Maintenance fee $572.50
Admin Fee effective 1/1/13 $195.00
Total Purchase $13,817.00
This doesn't really spell out what is due to whom or when. And Sharon forgot to mention the fee even existed, never mind any of the details about when or to whom it's owed.
But I'm glad to hear you only pay it if you are successful in getting past ROFR, because as I've said before, I've been ROFR'd twice already at VGC and know it's a possibility.
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