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. Breyean

    Breyean DVC Since '93

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    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.
     
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  3. magicmonette

    magicmonette Working on Future DVC Retirement Home!

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    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!
     
  4. silmarg

    silmarg SIL

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    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.
     
  5. luv2sleep

    luv2sleep DIS Veteran

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    What does that mean? If you win the bid but it doesn't pass, do you lose your $$?
     
  6. silmarg

    silmarg SIL

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    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.
     
  7. luv2sleep

    luv2sleep DIS Veteran

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    No idea what the reserve part means. What happens if its not met?
     
  8. silmarg

    silmarg SIL

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    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...
     
  9. luv2sleep

    luv2sleep DIS Veteran

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    Got it! Thank you! What was the reserve on this one? What mining bid were they looking for?
     
  10. macd77

    macd77 Earning My Ears

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    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!
     
  11. Sandisw

    Sandisw Moderator Moderator

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    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!!!
     
  12. thptrek

    thptrek DIS Veteran

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    $95/pt with all 2012 UY points still available seems fair and what a lot of new listings are bunched around. I'm waiting to start the ROFR process and I know the wait is going to kill me.
     
  13. Sandisw

    Sandisw Moderator Moderator

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    I know what you mean!! It will be a long 30 days....hopefully Disney will be kind to both of us and pass on things quickly!!!!
     
  14. Goonie78

    Goonie78 Earning My Ears

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    Did this go through? I'm looking for a similar small lot of points around this price range and was wondering if it passed. Hoping it did!
     
  15. silmarg

    silmarg SIL

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    Asking price $60. Original offer $50. Seller counter $55. My "final and best" offer $52.50. Accepted.

    Using Shawn Ray at Fidelity.

    silmarg --- 160 SSR (Aug), $52.50, all pts, buyer pays closing and 2013 mf (papers not signed yet so ROFR clock not yet ticking)
     
  16. puffkin

    puffkin DVC Owner- SSR & AKV

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    Thats what I have been offering too on most of my offers for SSR...also using Shawn Ray at Fidelity. Gives me hope that one of mine will get accepted soon :goodvibes Good luck with ROFR.
     
  17. silmarg

    silmarg SIL

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    I was hoping to get something w 2012 points.... but of all the SSR160Aug's out there (Jacki, TSS and Fidelity each have one) none had 2012 points to speak of... so i bid an agressive yet fair price on this one. First bid... first acceptance. Luck of the draw I guess.
     
  18. Minnies Dad

    Minnies Dad Earning My Ears

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    Passed ROFR Today!
     
  19. disneychic

    disneychic DIS Veteran

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    Get out! That's great! We are waiting -impatiently...its only been about 3 weeks for us!
     
  20. XGrumpy1

    XGrumpy1 DIS Veteran

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    Great contract, congrats!
     
  21. Scotch

    Scotch DIS Veteran

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    When folks say buyer pays 2013 maintenance fees/dues, are you saying starting fees due starting January 2013 regardless of use year/month?
     

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