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. moreisgood

    moreisgood Falling in love

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    I looking to buy in the next couple of months, so I'm in the info gathering stage. Is there a place where you can see a list of the ask price vs. what was actually paid for each home resort? It seems like offers start at $10 below ask per point.

    Thanks,
    Meg
     
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  3. DannysMom

    DannysMom DIS Veteran

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    I think it depends entirely on listing price. Some contracts are priced appropriately for the current market and those will get at or near list price. Some are priced a bit over market value, those sellers are likely fishing the best price they can get.

    I bid $5/pt under listing price on the contract I bought last summer. I think it had sat on the market for a bit & the seller had reduced the price at least once.

    Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
     
  4. moreisgood

    moreisgood Falling in love

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    Like all real estate! But where is the best place to get current market price?
     
  5. lovin'fl

    lovin'fl DIS Veteran

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    The 1st page of this thread.
     
  6. moreisgood

    moreisgood Falling in love

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    Thank you! I see it now. So, no one lists ask price and there' is not much listed so far for 2013. Is that correct?
     
  7. Joey7295

    Joey7295 DIS Veteran

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    If you search through the thread, there has been mention from people on what listing price was and what they eventually paid. Some even mention offers and counter offers.
     
  8. silmarg

    silmarg SIL

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    There is no set formula re: listing prices vs selling prices.

    I think it depends on alot of factors. For example, OKW is being ROFRd quite a bit, so you cant be too aggressive without losing the deal to Disney.

    This was sort of the case when I bought my SSR in 2010. I got ROFRd twice, so I needed to not be so aggressive in order to snag a contract. Now SSRs are not being ROFRd, so you can be more aggressive IMO.
     
  9. disbound09

    disbound09 Mouseketeer DVC Gold

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    Nothing to add just changed post count to 667
     
  10. MapleGirl

    MapleGirl Perpetual Planner

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    I'm just starting down the DVC resale path. I found a contract I like and sent an offer $10 below asking ($60/$50 at SSR). I seems that a few people have gotten past ROFR at $50/point recently. I'm not sure if the sellers will accept. I'm just waiting to hear back.
     
  11. spears2008

    spears2008 Earning My Ears

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    Hi Shanna,

    Welcome Home! and congrats on your purchase!

    A "PAP" is a Premium Annual Pass -- it's an annual pass that works at all 4 theme parks in Orlando plus the water parks. They had a special that ran in Oct., Nov, and December of 2012 that DVC members could get a PAP for $350(rather than $745 regular price). For us this is like getting tickets for 2 or 3 trips for the cost of what we'd spend on park hoppers for 1 trip, so it was a huge savings for us considering the number of people we put on as owners of our contract so they could take advantage of the savings (up to 8 PAPs could be purchased per DVC member address on a contract, I had my my best friend, my parents, my husbands parents and my sister added to the contract so that we could buy PAPs for all the in-laws, friends and extended family who would be going to Disney with us this year. This isn't advisable for all people to do - if someone on the deed dies, you have to probate; if someone goes bankrupt or gets divorce, the DVC contract could be subject to transfer even though the "true owner" who paid for the contract didn't really intend for this to happen).

    Unfortunately, I think the PAP deal is over. I am new to DVC but understand this is the best annual pass deal ever offered.

    As for your contract, I think $67 per point is a very good price for a loaded contract. Congrats! I also bought at BWV, paying the same price per point. We have our first DVC trip coming up in April. We are staying at AKV jambo house grand villa, and a 2-bed BLT lake view, so not sure when we'll actually stay at BWV.

    My only other comment re your purchase is that larger contracts usually go for less $$ per point. I think this is a supply and demand issue. There are a lot more people who can afford 100 points or less (or under $7,000) than those who can afford 350 points (or over $23,000). From my limited knowledge of DVC (gained from reading everything I can over the last several months on the boards), it appears that smaller contracts maintain their value better. That's not to say that larger contracts are bad -- you can often find a great deal on 300+ pt contracts because seller are often willing to take much less per point to unload them and get some money when their financial situations change and they realize DVC doesn't make financial sense for them. In case you don't know, your 350 point contract can never be broken up into smaller amount (you can't sell 100 of your 350 points in the future, if you want to sell, you have to sell all 350). Some people like to buy several smaller contracts to give them flexibility. If their travel needs change as their kids get older or grandkids are born, they can add or sell points to meet their current situation. Many DVC owners will buy three 100-point contracts giving them 300 points to work with rather than 1 big 300 pt contract. This also helps if you want to pass along DVC in your Will to multiple children. If you have several contracts, then you can leave each child a separate contract for them to do with as they please. Otherwise, heirs must agree on how to manage and use the 350 points annual. With banking and borrowing, this can lead to some having hard feelings. Although I'm a tax attorney (and practiced as an Estate Planner for nearly a decade), this is not something I'm worried about. I hope it's a long time before I go, and if we leave 2 unequal DVC contracts for my kids to share that seems like a good problem that have a membership at all.

    Don't second guess your purchase -- JUST ENJOY!!! Also, you got a great deal by going resale and didn't get robbed by going direct!
     
  12. MickeyFan612

    MickeyFan612 Mouseketeer DVC Gold

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    Hope you receive good news! Good Luck)
     
  13. puffkin

    puffkin DVC Owner- SSR & AKV

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    Good luck :goodvibes Just don't get discouraged if they say no. It took me about 2 months to get a yes. I made my initial offer with enough room to counter back with my "last and final offer". There will be another contract if this one doesn't work out!
     
  14. MapleGirl

    MapleGirl Perpetual Planner

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    Thanks. I am expecting that the offer will be rejected. I'm in no rush to buy so I'm happy looking around and waiting for the right contract and seller. I'll keep you posted. :surfweb:
     
  15. twoj

    twoj Mouseketeer

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    Has anyone updated the list of contracts that have gone through and those that have been rofr'd? What page is the most up to date listing on?
     
  16. DannysMom

    DannysMom DIS Veteran

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    If you look at page 1 of this thread, mac_tlc had been editing that post to add more recent information. It looks like the last update was on 1/20. :)

    Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
     
  17. Jaxy0408

    Jaxy0408 Earning My Ears

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    Hello all,

    Looking to be a first time DVC owner. Have two Kids 10 and 8 both looking forward to many stays in Disney.

    Timeline:
    Jan 12 Made offer on 210 pts SSR
    Jan 13 countered back and forth reached agreement
    Jan 16 Contracts signed
    Jan 17, 2013 sent to ROFR
    Feb 11, 2013 Still waiting ................................................................................................:hourglass:hourglass:hourglass:hourglass:hourglass:hourglass:hourglass

    Hate waiting LOL
    Jim
     
  18. Illini Al

    Illini Al Mouseketeer

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    Good luck! the wait will be over very soon! :thumbsup2
     
  19. kenly777

    kenly777 Mouseketeer

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    In the same boat. Submitted to rofr 1/18. Keep thinking that it should be any day now. Good luck to both of us :)
     
  20. Jaxy0408

    Jaxy0408 Earning My Ears

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    Good Luck Kenly777
    We will be home soon !!!
     
  21. kenly777

    kenly777 Mouseketeer

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    Can't wait !!!
     

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