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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. brhalstea

    brhalstea The Dismeister

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    Contract agreed on yesterday.

    175 SSR (feb) $55. All 12, 13, and 14 pts. Buyer pays closing. Seller pays 2013 MF. :thumbsup2
     
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  3. kkolbusz1

    kkolbusz1 Mouseketeer

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    are they back to rofr'ing again? what happened to all that good news we were getting. so sorry
     
  4. kenspidey

    kenspidey Mouseketeer

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    Disney sure is gobbling up those BWV .... Sorry
     
  5. saintstickets

    saintstickets DIS Veteran

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    I don't know if this is a trend, just my luck or a result of the increased direct-buy prices....I have now had two BCV contracts I inquired about (one about a month ago and one last week at two different resellers) that sold for higher than the listed price. I saw the contract and called immediately and was told that several people expressed interest. I gave the reseller a price and in both cases, over the next few hours, they called/texted back the counter offer from the other potential buyers. In both cases, once the price got above the initial listed price, I backed out. I understand the reseller trying to get the highest price possible for the seller but something just didn't pass the smell test to me. Call me stubborn or stupid or maybe it was the principal of the matter. What do you DVCers think? Should I be suspicious or is it just a sign of the times?
     
  6. kenspidey

    kenspidey Mouseketeer

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    That's awesome.... Great contract ...
     
  7. NoleFan

    NoleFan DIS Veteran

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    Had that experience with 1 resale company who will not get any business from me. Seems kind of unethical.
     
  8. silmarg

    silmarg SIL

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    Hey Bill! U buying AGAIN! Lol.

    Sounds a bit smarmy to me. Stand your ground and be patient. Disney's pockets are only so deep. They won't keep buying back forever and u will find another contract that fits like Drew Brees in a Saints uniform. WHO DAT!
     
  9. bkny

    bkny Earning My Ears

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    What was the size and ask price on the bcv contracts.
     
  10. Rmgdisney

    Rmgdisney Earning My Ears

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    So sorry to hear that. Same thing happened to us last month on an OKW contract. We decided to try again with SSR, should find out soon since ours went to ROFR also on the 21st. Hope you have better luck on your next contract. You just never know when Disney decides to exercise ROFR.
     
  11. Rmgdisney

    Rmgdisney Earning My Ears

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    So sorry to hear that. :(
     
  12. Sandisw

    Sandisw Moderator Moderator

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    A few months ago, I would have said that it was unusual but given the stuff going on with resale, number of people who are on waiting lists for BCV via direct, I can believe that there possible was a bidding war for those contracts.

    Just look at the websites--they are getting pretty bare for some of the resorts and in the last 4 years since I have been looking at those sites, I never remember so limited availability.
     
  13. cm8

    cm8 <font color=blue>Half of the time we're rushing ar

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    Congrats to all who were recently waived through. I'm so sorry Mommy2TwoMickeys and 77Kool, that both of you were ROFR'ed :grouphug: Good luck on your next try:flower3:

    I'm going to post my timeline soon, but I closed on my contract yesterday:cheer2: just waiting for Disney to load my points pixiedust::goodvibes
     
  14. ELMC

    ELMC DIS Veteran

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    I will be watching this contract. Will it set a new record for ROFR? Will it set the new price level for BWV? Very interesting.
     
  15. ELMC

    ELMC DIS Veteran

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    I agree with Sandi in so much as I wouldn't be crying foul per se, and I do think it is a sign of the times. But I will also say that it reflects poorly on the listing broker for a few reasons. First off, they should be more aware of the market and should be advising sellers to list for more reasonable prices. The second reason is that it is a bit of a deviation from their typical way of doing business. They are not like real estate agents who are obligated to get the best deal for their clients. They are required by law to present all offers, but they really have no obligation to entertain a bidding war. In the past a full priced offer meant the contract was sold. I'm not sure I'm comfortable with this new way of doing business. I'm definitely not comfortable with a broker provoking a bidding war by openly sharing all the active bids on a contract with the bidders.

    That being said, given that I'm not an attorney I can't say that the brokers are in violation of any laws or rules. I'm simply saying that it is a pretty significant change that I'm not very comfortable with.
     
  16. NoleFan

    NoleFan DIS Veteran

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    If a broker says, they have a full price offer & asks if you want to increase your offer seems to provoke bidding wars. It also does not seem fair to the person who submitted the full price offer. Just doesn't seem like a good way to do business. A few extra bucks commission but loss of credibility.
     
  17. dbs1228

    dbs1228 DIS Veteran

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    I truly wonder what is going on.

    I have made 2 full price offers with Fidelity over the past 6 weeks the first was "congratulations we will notify the buyers" but they seemed surprised I offered full price (55.00PP BWV) then the second was for 60.00PP again full price offer and I was told again "congratulations' but then the sellers decided they did not ask enough, were not informed, did not understand and so on and came back at 70.00PP - we walked away and I found out after the fact they got a new buyer with an offer a bit higher then 70.00. The 3rd contract was listed for 72.00PP we offered 65.00 and the sellers were contacted immediately agreed again done deal and that was last week. I have been told by the TSS that if someone offers full price its a done deal (I was a seller).
    Strange that this is happening unless they are getting e-mails, and phone calls within minutes of listings being posted - now that would not surprise me!
     
  18. cz4ever

    cz4ever Imagineer-in-training

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  19. tb1972

    tb1972 DIS Veteran

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    Sorry to hear that. Our contract just went to Disney today. It is similar to yours - 40 OKW Dec. @ $70 ppt.
     
  20. ytsyts

    ytsyts Mouseketeer

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    Am I supposed to be NOT surprised by the listing prices drop overnight for BWV and WL on Fidelity?

    Looks strange to me...
     
  21. disfanforlife

    disfanforlife DIS Veteran

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    That is weird. I just looked and I don't understand it. 150 BWV listed at $55???
     

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