Add-on-itis and questions....

[thelionqueen]

I am currently in the ROFR process and contemplating another contract. I am very hopeful that my current contract will pass, but also nervous it may not.

With that being said, there is another listing that is perfect for me! Exactly the number of points I was (originally) looking for at a different home resort that I love and priced right. So, I did put in an offer and yet to hear back (full price but it's such a good listing it may already be gone). All this is to say... I am debating several things if I were able to secure this listing...

• If my current contract doesn't pass rofr, then I'd have a back-up already working
• If my current contract DOES pass rofr, I'd then be hoping the 2nd contract doesn't pass
• If both end up passing, the financial impact would not be ideal. Not impossible, but a stretch
• If I pass up this other listing, and my current contract gets taken, I'd be very regretful as this new listing doesn't come up often at all.

OK, I just realized I'm thinking way too much into this, but I am obsessing on all things DVC right now lol. Should I get both contracts or sit tight until my current contract is waived or taken?

 

[drbrjb01]

Personally I think it would be unwise to risk your finances...there will ALWAYS be more contracts.

 

[Bruin_mouse]

Is your contract that's in ROFR within the range of the "passed" posts on the ROFR thread? If so, you probably don't have much to worry about, but you never know I suppose.

I sympathize with your situation. I decided earlier this week that I'd start looking out for an Aulani 100 point subsidized dues contract. I figured that it'd come up in 1-2 years. Of course what pops up yesterday? I got fidgety when I saw it and offered full price after I read about how rare subsidized MF's contracts are. Like you, it's a little bit of a stretch for me, and I was second guessing myself a bit yesterday, but I feel better today having done it since the resale process can take a while.

Whatever you decide good luck to you!

 

[JETSDAD]

The percentage of contracts taken by ROFR is very low so I wouldn't get into a 2nd contract unless I was either happy owning both or had an exit plan for one or the other (such as renting any available points and reselling the contract).

 

[KAT4DISNEY]

If it would be a stretch if you get both I personally would back out of the second one that you offered on if it did end up going to you. It's difficult waiting on ROFR but unless you are still in the 10 day period to rescind on the initial contract that wasn't ideal it would be most prudent to wait and see what happens with it in ROFR before worrying about a backup. In the end, there are many ways to visit Disney and pushing it financially is more stress than is needed IMO. In the end, if contract #1 doesn't pass, though it may take some more time, something else will come along.

 

[disneynutz]

You are buying a pre-paid hotel room, maybe a few perks that you may or may not use and you are locking yourself in for Disney vacations and spending more money. IMO you need to wipe off the pixie dust, look at this as a purchase that can cause you big headaches if not done correctly. I know you are excited but that can lead to mistakes.

Bill

 

[thelionqueen]

This is exactly why I posted here.. Thank you all for excellent advice! Every point made is valid and I guess I just needed to hear it. I actually would be happy with both if I was fortunate enough for that to happen. It would put me with 3 contracts and 1 being expendable. Ultimately, I would be in a position to acquire both and deciding what, if anything, to do with the 3 I would end up having. The smart, financial side of me would say "sell one and keep 2" but the other (and most dominant part of me) would say "YAY, 400 points!"

I'm going to see if this even comes to a point where I need to decide and let you know. Thanks again for keeping me straight

 

[Bruin_mouse]

One more thing: as others have said on this board quite a few times, the beauty of buying DVC resale is that barring a severe economic collapse like the 2008 recession, worst case you will probably be able to sell your contract and be out 10-15% of your purchase price. Obviously that's not ideal on a big purchase like this, but it's probably not the end of the world either.

 

[disneynutz]

First one contract, then another, 400 points, then a new resort and 550 points. I am speaking from experience while paying $10,000 a year in dues. Stop the madness!!!

Bill

 

[thelionqueen]

Is your contract that's in ROFR within the range of the "passed" posts on the ROFR thread? If so, you probably don't have much to worry about, but you never know I suppose.

I sympathize with your situation. I decided earlier this week that I'd start looking out for an Aulani 100 point subsidized dues contract. I figured that it'd come up in 1-2 years. Of course what pops up yesterday? I got fidgety when I saw it and offered full price after I read about how rare subsidized MF's contracts are. Like you, it's a little bit of a stretch for me, and I was second guessing myself a bit yesterday, but I feel better today having done it since the resale process can take a while.

Whatever you decide good luck to you!

I can totally relate! I don't look for Aulani specifically, but I do know that the subsidized contracts are definitely rare! You were lucky to see it and offer on it quick enough to snag it. I agree about the resale process taking awhile, and, honestly, no one knows how it will end. IF I get into ROFR on both, there's a chance I end up with nothing anyway. It's all about feeling comfortable and ready when your time comes Congratulations!

 

[thelionqueen]

First one contract, then another, 400 points, then a new resort and 550 points. I am speaking from experience while paying $10,000 a year in dues. Stop the madness!!!

Bill

OMG I literally laughed out loud reading this.. LOL!!! Good advice...

 

[wnielsen1]

You are buying a pre-paid hotel room, maybe a few perks that you may or may not use and you are locking yourself in for Disney vacations and spending more money. IMO you need to wipe off the pixie dust, look at this as a purchase that can cause you big headaches if not done correctly. I know you are excited but that can lead to mistakes.

Bill

Riviera is coming soon, Bill! DVC is ready for you to take on more!

 

[disneynutz]

Riviera is coming soon, Bill! DVC is ready for you to take on more!

I don't think the riviera but the CCV cabins are calling our name!

Waiting to see what DVD will be building at fort wilderness.

Bill

 

[wnielsen1]

Waiting to see what DVD will be building at fort wilderness.

Bill

Makes you wonder if they are going to stick with the original leaked plans or if it will be modified significantly.

 

[aoconnor]

I had a similar issue.. was in ROFR for an add on at SSR but saw a perfect AKV contract where I already own and prefer. Put an offer on that one and both passed ROFR, so I did end up with both. I'm just going to flip the Saratoga one as soon as it closes.

Did you get a good price on the one you don't really want? If you think you can sell it for a few more dollars per point you might be able to break even after commissions. I think I'll break even (barely) by listing it with one of the higher price brokers since I got it pretty cheap.

 

[thelionqueen]

I had a similar issue.. was in ROFR for an add on at SSR but saw a perfect AKV contract where I already own and prefer. Put an offer on that one and both passed ROFR, so I did end up with both. I'm just going to flip the Saratoga one as soon as it closes.

Did you get a good price on the one you don't really want? If you think you can sell it for a few more dollars per point you might be able to break even after commissions. I think I'll break even (barely) by listing it with one of the higher price brokers since I got it pretty cheap.

Yes, it's a very good deal, about $40 less per point that comparable listings and the infamous "contract estimator." I could easily flip it and make $, but that would require me having the ability to let go of my DVC

 

[thelionqueen]

And, so it looks as if I am the high bidder! Not 100% official yet, but no reason to think a full price offer would be rejected or countered. Now the hypothetical has become reality... excited, happy, nervous and everything in between. Now where is that emergency funds account number...

 

[Spartan86]

So looking at the Fidelity email I’m trying to figure out which one you went for ?

 

[Bruin_mouse]

When I made my full price offer on the Aulani contract the broker said by contract the deal was done. I guess they have a clause in the broker listing agreement that says seller automatically accepts a full price offer. It seems a bit odd but other folks on here have referred to that.

 

[thelionqueen]

So looking at the Fidelity email I’m trying to figure out which one you went for ?

Smart! It was Fidelity lol. Here’s a hint... Small contract..