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

[foreUT]

I think the posted price was around $60, I offered $52. This is the second contract that I have bid on. The first was months ago and did not pass ROFR with a higher dollar price (~$58 I believe). I have been watching ROFR levels for quite a while, since early 2008 at least.

That is impressive, virtually a 1992 price. Best of luck on the ROFR!

 

[LouisianaDisneyFan]

That is impressive, virtually a 1992 price. Best of luck on the ROFR!

He already passed ROFR! =)

 

[YodaQuant]

That is impressive, virtually a 1992 price. Best of luck on the ROFR!

I made it through! Signing the closing papers right now.

 

[silmarg]

WOW these are great deals being had now-a-days... I lurked for many many months and had the misfortune of bidding when DVD was ROFRing much more than they have been lately (Nov 09-Jan 10). I got ROFRd at $65 in SSR twice and finally got thru at $67.

Contrats on all the great deals!

 

[ImagineerM]

Just thought I'd let you all know, we closed on our resale yesterday! We bid and were accepted on March 30, submitted the next day, passed ROFR on 4/20, and closed on 5/12.

Now to week long wait until I can call and use my points! Seems like ages!

 

[HockeyKat]

Just thought I'd let you all know, we closed on our resale yesterday! We bid and were accepted on March 30, submitted the next day, passed ROFR on 4/20, and closed on 5/12.

Now to week long wait until I can call and use my points! Seems like ages!

We were able to book 2 days after closing, so I would call and see if your points are there.

 

[sleepydog25]

We were able to book 2 days after closing, so I would call and see if your points are there.

Agree with Kat. Points were available to use within two days of my closing, too, so I would definitely give them a call sooner rather than later.

 

[dbs1228]

Thanks for the info! I'll definitely keep her info for our next purchase! =)

Keep in mind if you are looking at a small contract Fidelty charges a 195.00 administration fee plus closing costs. If the price is as good as they have been it maybe worth it. I had contact with Rachel also in a contract that feel through due to the seller not getting the paper work in after 2 1/2 weeks and she was very good, always e-mailed me back, deposit returned promptly.

 

[YodaQuant]

Closing on our 200 point contract was only $279, which I thought was quite reasonable.

 

[LouisianaDisneyFan]

Closing on our 200 point contract was only $279, which I thought was quite reasonable.

That's EXTREMELY reasonable. Our closing for only 160 points through Disney was over $100 more than that with a cash sale.

 

[dbs1228]

Closing on our 200 point contract was only $279, which I thought was quite reasonable.

That is great, not too long ago the contract that fell through for us was going to cost 595.00 closing and admin fees. That was for 100 pnts BLT at 98.00 PP. Not sure what the difference is but good for you!

 

[bookwormde]

Wow that is quite a difference from what GMAC use to charge ~$700. congratuations I think your SSR @50 beets my OKW @45 for the best deal of the year.

bookwormde

 

[YodaQuant]

That is great, not too long ago the contract that fell through for us was going to cost 595.00 closing and admin fees. That was for 100 pnts BLT at 98.00 PP. Not sure what the difference is but good for you!

I took another look at our contract and there were a few miscellaneous fees that I had not counted (title, stamps, etc.). Total closing costs are closer to $400 (cash sale), but still less than expected, so we are happy.

 

[LouisianaDisneyFan]

I took another look at our contract and there were a few miscellaneous fees that I had not counted (title, stamps, etc.). Total closing costs are closer to $400, but still, less than expected, so we are happy.

Ahhh, okay, that's much more in line with what the "going rate" seems to be. Thanks for clarifying. =)

 

[tdosten]

Our points closed on 5/7:

We have a Feb use year and paid $54/pt. We got 27 pts from '09, all '10, buyer pays closing and MF, we were not members.

 

[mrsmith9]

Thanks for the heads up on Tuesdays and Fridays.

Its Firday, there should be some good news comming today. I'm hoping to find out today.

 

[LouisianaDisneyFan]

Our points closed on 5/7:

We have a Feb use year and paid $54/pt. We got 27 pts from '09, all '10, buyer pays closing and MF, we were not members.

That's great! What resort and how many points did you purchase?

 

[mrsmith9]

I’m not sure of the individual or transaction you are referring to, but I can provide you references of an individual who makes a living at buying DVC resales below market value and flipping them. I never knew you could make money flipping timeshares, but here is someone doing it. Below are reference to the deed record date, and deed document number that you can look up on the Orange County website, and see where this individual pays an average of $16 below the typical ROFR amount and they pass. And in most cases he is able to flip those contracts within 45 days. He’s bought and flipped over 2000 points in the past quarter and made over $30,000. Nice work if you can get it.


Record Date/Deed #
3/1/2010 20100116175
3/11/2010 20100142025*
3/11/2010 20100142025*
3/25/2010 20100170094*
3/29/2010 20100175809*
3/31/2010 20100181172*
4/1/2010 20100183789
4/19/2010 20100216793*
4/30/2010 20100248107*
5/3/2010 20100251048*
5/6/2010 20100259695*
5/11/2010 20100266677*


Somehow there are some people that just make it past the ROFR committee w/o any questions asked. Either that or Disney just has more points to sell then they can handle, and the they simply can’t afford too many more.

 

[mrsmith9]

There was a lot of good news posted by this time on Tuesday. History shows that Tuesdays and Fridays are the days to get notified, but no postings yet today.

 

[YodaQuant]

Are you sure it is an individual flipping contracts, or could it be Disney ROFRing contracts and then selling them to people on its waiting list for specific properties?