Anyone made it through (or not made it through) ROFR recently? - Section I

[valvzb]

Congrats! Can I ask which reseller you found your contract at?
Val

We made it!!! I am so happy!!! Can't wait until we can make the reservations!!!

Here's the details recap for the list:
75 pts at BWV (October UY). $86/pt. All '06 pts available (banked), all '07 pts available, etc. Seller pays half of closing costs. Buyer pays '07 MF. Entered ROFR on 3/26, heard back on 4/3. Non-member.

 

[mla973]

valzb - We used Rachel at GMAC. Let me know if you want her contact info PM'd to you. This contract had not yet hit the web when she told me about it. I also offered more than the asking price.

 

[Waseller77]

We just found out that we passed too! 100 BWV points, Feb Use Year, 94 available now, 100 in '08. Can't wait to book our first trip to this home!

 

[Amy5000]

I can't believe it....Disney exercised ROFR on my contract today.

I thought by buying a stripped contract at $82 I'd be ok...maybe it's because I'm a non-member and was only buying 100 pts?

Here's your posting...

Amy5000 (buyer) ------------- 100 SSR (Feb) $82, no pts until ’08, buyer pays closing and ’08 MF (sub 3/23, ROFR'd 4/3) – non-member

 

[snappy]

I can't believe it....Disney exercised ROFR on my contract today.

I thought by buying a stripped contract at $82 I'd be ok...maybe it's because I'm a non-member and was only buying 100 pts?

Here's your posting...

Amy5000 (buyer) ------------- 100 SSR (Feb) $82, no pts until ’08, buyer pays closing and ’08 MF (sub 3/23, ROFR'd 4/3) – non-member

Sorry you were not successful, Amy5000. If 82 is the floor below the floor for a stripped contract at SSR, I wonder what the floor for a loaded contract would be.

Hope you are able to find the perfect contract soon to replace this one.

 

[PIERCEDRN]

We just got word that we passed ROFR today heres the details:

150 points SSR Sept UY 150 '06 points, 150 '07 points; buyer pays all closing costs but $195 GMAC fee -- non member

Can't wait to book hope we get our points b4 june!...Going home for first time in Oct. 24 to Nov 4 if ressie available

 

[snappy]

We just got word that we passed ROFR today heres the details:

150 points SSR Sept UY 150 '06 points, 150 '07 points; buyer pays all closing costs but $195 GMAC fee -- non member

Can't wait to book hope we get our points b4 june!...Going home for first time in Oct. 24 to Nov 4 if ressie available

What price pp did you pay?

 

[PIERCEDRN]

We just got word that we passed ROFR today heres the details:

150 points SSR Sept UY 150 '06 points, 150 '07 points; buyer pays all closing costs but $195 GMAC fee -- non member

Can't wait to book hope we get our points b4 june!...Going home for first time in Oct. 24 to Nov 4 if ressie available

OOPS had to not finish baby crying, sorry!
$84 a point sub 3/22 passed 4/3

 

[LisaS]

I can't believe it....Disney exercised ROFR on my contract today.

I thought by buying a stripped contract at $82 I'd be ok...maybe it's because I'm a non-member and was only buying 100 pts?

Here's your posting...

Amy5000 (buyer) ------------- 100 SSR (Feb) $82, no pts until ’08, buyer pays closing and ’08 MF (sub 3/23, ROFR'd 4/3) – non-member

Sorry you didn't get the contract. I don't think Disney cares about stripped vs. loaded in this case. They probably have plenty of spare SSR points they can use to "refill" a stripped contract so they can turn around and resell it immediately. I believe the primary factor is price and $82/pt is in the gray area -- some pass at that price but a lot do not, so it's really a gamble at that price. And it doesn't help that you're a non-member buying in for less than Disney's minimum of 160 points.

The good news is, if you can find a contract with points available for the current UY and you're willing to pay $84-$85/pt for it, it should pass giving you an extra year's worth of points over this stripped contract for just $2-$3 per point.

Good luck!

 

[snappy]

Congrats and welcome home!!!!

 

[theoarn]

$84 seems to be the magic number for SSR 125 points that had 107 available.
Thats what mine was. I didn't dare ask for a lower price.
Theo

 

[Slakk]

$84 seems to be the magic number for SSR 125 points that had 107 available.
Thats what mine was. I didn't dare ask for a lower price.
Theo

I am the seller on a SSR at $84 - guessing it will make it through (went to DVC 3/26). I was worried for the buyer since I have banked points on it but it sounds like points are meaningless to DVC, There are a ton of SSR contrats on TTS under 84 a point so my guess is they will have to increase prices.

 

[theoarn]

Jodi
You should get an answer soon.
Disney came back on mine in only about a week.
Theo

 

[Slakk]

Jodi
You should get an answer soon.
Disney came back on mine in only about a week.
Theo

Cool. I am crossing my fingers for the buyers!

 

[PIERCEDRN]

I can't believe it....Disney exercised ROFR on my contract today.

I thought by buying a stripped contract at $82 I'd be ok...maybe it's because I'm a non-member and was only buying 100 pts?

Here's your posting...

Amy5000 (buyer) ------------- 100 SSR (Feb) $82, no pts until ’08, buyer pays closing and ’08 MF (sub 3/23, ROFR'd 4/3) – non-member

I'm so sorry you got ROFRed, That must really stink. We bid on 4 contracts before anyone even accepted bid. I am a huge bargain shopper and it absolutely killed me to pay a "fixed market" price for anything but after the hassle we went thru I just bit the bullet and set our price at 84...even though 81's were passing b4 the $3 increase. We got a loaded contract, all 06 and 07 points, because we wanted a big splurge to start. Now if I really felt like getting my "bargain" back I could rent/transfer those extra points for $9-10 a point and essentially knock $1800-2000 off my "contract price". So don't give up yet on your plan but maybe some creative accounting could get you to a goal price with a higher price per point ie. $85-86

 

[Amy5000]

Thanks everyone. I would be more than willing to pay $1 or $2 per point more. On a 100 pt contract its small potatoes, but now I'm realizing that my closing costs were low. ($365 and no admin fee). My total cost on the contract was $8565. If Disney really has pts to put on the contract, I guess it would look like an ok deal to them. The deal I'm looking at tonight has a higher closing fee and I'll be reimbursing for MF since it comes with points....but when all is said and done, I'll be paying pretty close to the Disney price of $94 per pt, except that I won't be buying the minimum.

Oh well...back to the drawing board....

Hopefully, I'll get to join your club soon...

Amy

 

[Amy5000]

I'm so sorry you got ROFRed, That must really stink. We bid on 4 contracts before anyone even accepted bid. I am a huge bargain shopper and it absolutely killed me to pay a "fixed market" price for anything but after the hassle we went thru I just bit the bullet and set our price at 84...even though 81's were passing b4 the $3 increase. We got a loaded contract, all 06 and 07 points, because we wanted a big splurge to start. Now if I really felt like getting my "bargain" back I could rent/transfer those extra points for $9-10 a point and essentially knock $1800-2000 off my "contract price". So don't give up yet on your plan but maybe some creative accounting could get you to a goal price with a higher price per point ie. $85-86

Piercedrn:

Just curious since I'm in the market...did you reimburse for any of the '07 MFs?

Thanks in advance, Amy

 

[PIERCEDRN]

Reimbursed for 07's not 06's and made seller pay GMAC admin fee otherwise ate the rest. They DO take who pays closing and MF's into the ROFR equation. I started to sweat at $84 but if I had small contract I would really sweat. And if seller asks low they WANT it to be bought back for a fast sale to disney. Still offer same pp.

 

[PIERCEDRN]

sorry can't pm yet too few posts amy

 

[Buckeye Fan]

Amy, so sorry your contract was bought back by Dis.

Just as an FYI, we submitted our contracts at the end of January and just recently closed on both. Both contracts had prior years' points, (we're listed as Buckeye Fan in the "passed" summary - 2 contracts for SSR). When I did the math, we ended up paying less by offering a higher price per point and having the seller pay closing costs. Since we purchased the contracts early in the year and would enjoy the points, I thought it was only fair to cover MFs for 2007.

I ended up going with Jackie at GMAC because she had two contracts with the total number of points we wanted. She was GREAT to work with and I've seen many great reviews on TTS as well. Bottom line, they should be able to offer you good, solid advice on what will pass ROFR. The advice I was given by both TTS and GMAC aligned with what I read in this thread.

Sending you lots of pixie dust for that perfect contract that's right around the corner!!!