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

[Joey7295]

I would like to also add to that list for TTS. although I have been keeping an eye on this thread so that I would know how much to offer I have been looking for a contract for quite a while now and I was looking at all of the resale sellers. I had made a few offers with each seller until a few days ago in which I found at tts an august uy 110pt contract with 30pts from 2010 expirin 8/1/12 and 220pts coming on 8/1/12 due to 2011 pts banked. I initially made an offer of $65 which the sales rep began to tell me that it was really low and that there was a chance that I would lose it to another buyer. I ended up aising my offer to $68/pt as I was scared of losing it.

So now the contract was sent out to rofr and I am paying $68/pt the closing costs and the mf. Was this a bad deal? I kind of feel tricked into paying that amount /pt and the closing and mf fees as when I spoke to them about the offer it was all about thats too low they wont accept it. I stood my ground on the $68/pt which I got it but with clowing and mf fees.

Did I still end up with a good deal since the contract is loaded? or did I get cheated by tts? It has been more than 10 days to change anything so its a little late to take it back. Lol! I know it's a hell of a lot cheaper than direct so one way or another I stayed ahead just wanted to know if they cheated me out for more money?

Which resort did you purchase?

 

[BWV Dreamin]

I have a problem with a broker trying to "suggest" changing your offer. His role is to simply convey your offer to the seller. You have confirmed what many have said about TTS...they do not want to present low offers.

I would like to also add to that list for TTS. although I have been keeping an eye on this thread so that I would know how much to offer I have been looking for a contract for quite a while now and I was looking at all of the resale sellers. I had made a few offers with each seller until a few days ago in which I found at tts an august uy 110pt contract with 30pts from 2010 expirin 8/1/12 and 220pts coming on 8/1/12 due to 2011 pts banked. I initially made an offer of $65 which the sales rep began to tell me that it was really low and that there was a chance that I would lose it to another buyer. I ended up aising my offer to $68/pt as I was scared of losing it.

So now the contract was sent out to rofr and I am paying $68/pt the closing costs and the mf. Was this a bad deal? I kind of feel tricked into paying that amount /pt and the closing and mf fees as when I spoke to them about the offer it was all about thats too low they wont accept it. I stood my ground on the $68/pt which I got it but with clowing and mf fees.

Did I still end up with a good deal since the contract is loaded? or did I get cheated by tts? It has been more than 10 days to change anything so its a little late to take it back. Lol! I know it's a hell of a lot cheaper than direct so one way or another I stayed ahead just wanted to know if they cheated me out for more money?

 

[cfw213]

I would like to also add to that list for TTS. although I have been keeping an eye on this thread so that I would know how much to offer I have been looking for a contract for quite a while now and I was looking at all of the resale sellers. I had made a few offers with each seller until a few days ago in which I found at tts an august uy 110pt contract with 30pts from 2010 expirin 8/1/12 and 220pts coming on 8/1/12 due to 2011 pts banked. I initially made an offer of $65 which the sales rep began to tell me that it was really low and that there was a chance that I would lose it to another buyer. I ended up aising my offer to $68/pt as I was scared of losing it.

So now the contract was sent out to rofr and I am paying $68/pt the closing costs and the mf. Was this a bad deal? I kind of feel tricked into paying that amount /pt and the closing and mf fees as when I spoke to them about the offer it was all about thats too low they wont accept it. I stood my ground on the $68/pt which I got it but with clowing and mf fees.

Did I still end up with a good deal since the contract is loaded? or did I get cheated by tts? It has been more than 10 days to change anything so its a little late to take it back. Lol! I know it's a hell of a lot cheaper than direct so one way or another I stayed ahead just wanted to know if they cheated me out for more money?

What resort?

 

[DougEMG]

I would like to also add to that list for TTS. although I have been keeping an eye on this thread so that I would know how much to offer I have been looking for a contract for quite a while now and I was looking at all of the resale sellers. I had made a few offers with each seller until a few days ago in which I found at tts an august uy 110pt contract with 30pts from 2010 expirin 8/1/12 and 220pts coming on 8/1/12 due to 2011 pts banked. I initially made an offer of $65 which the sales rep began to tell me that it was really low and that there was a chance that I would lose it to another buyer. I ended up aising my offer to $68/pt as I was scared of losing it.

So now the contract was sent out to rofr and I am paying $68/pt the closing costs and the mf. Was this a bad deal? I kind of feel tricked into paying that amount /pt and the closing and mf fees as when I spoke to them about the offer it was all about thats too low they wont accept it. I stood my ground on the $68/pt which I got it but with clowing and mf fees.

Did I still end up with a good deal since the contract is loaded? or did I get cheated by tts? It has been more than 10 days to change anything so its a little late to take it back. Lol! I know it's a hell of a lot cheaper than direct so one way or another I stayed ahead just wanted to know if they cheated me out for more money?

If you check this page you'll see what the sales have been going for

http://www.disboards.com/showthread.php?t=2661661&page=171

I've bid on contracts were I haven't been able to come to a deal cause we're 1-2 dollars apart, then a few days later I've change my mind and deceide that I'm really fine with what the seller last wanted only to find out the contract had already sold. I've also been in bidding wars and lost contracts. So yes, other offers can come in while you are negotiating with a seller which can cause you to lose the contract.

My preference is to get a deal done as quick as possible at a price that I'm comfortable with. This reduces the chance of another offer coming in.

If that contract was what you really wanted then the broker gave you good advice. If you were wanting the absolute cheapest contract possible and were willing to spend many months making lots of offers and getting rejected a lot in order to get the best deal possible, then you shouldn't have listened to the broker.

In other words "are you happy with what you paid?", if you are then the advice was good and you got a good deal.

 

[DougEMG]

I have a problem with a broker trying to "suggest" changing your offer. His role is to simply convey your offer to the seller. You have confirmed what many have said about TTS...they do not want to present low offers.

Personally I don't think there is anything wrong with a broker giving advice. It is still up to the buyer to make the final decision on accepting that advice or not. I've had brokers till me that the seller has a loan for X amount, which makes me then not even bother to make an offer.

I've made lowball offers through TTS and while they have said they didn't think that it would be accepted, they have taken the offer forward. And it wasn't accepted just like they said.

Anyone who is on these boards and following this thread can see what contracts are selling for, so a broker shouldn't be able to convince you to do something you don't want to do if you've done your research.

 

[BWV Dreamin]

If your broker disclosed seller information that could deter the sale of the contract (ie: disclosing loan information) I do believe that is in violation of the broker agreement. Unlike in traditional real estate, there is no "representation" for either the seller or the buyer. Disclosing this information is not necessary at all towards the sale of the contract. I would be extremely unhappy if I knew my broker disclosed such information.

Personally I don't think there is anything wrong with a broker giving advice. It is still up to the buyer to make the final decision on accepting that advice or not. I've had brokers till me that the seller has a loan for X amount, which makes me then not even bother to make an offer.

I've made lowball offers through TTS and while they have said they didn't think that it would be accepted, they have taken the offer forward. And it wasn't accepted just like they said.

Anyone who is on these boards and following this thread can see what contracts are selling for, so a broker shouldn't be able to convince you to do something you don't want to do if you've done your research.

 

[BWV Dreamin]

If you are happy with said advice, that is your perogative. However, many people are not familiar with the sales process, and I do believe such verbage manipulates the sale. I know for a FACT the broker I used did NOT in any way shape or form disclose any information about the seller. The broker I used to sell, they were told to convey my bottom line. Nothing more.

Personally I don't think there is anything wrong with a broker giving advice. It is still up to the buyer to make the final decision on accepting that advice or not. I've had brokers till me that the seller has a loan for X amount, which makes me then not even bother to make an offer.

I've made lowball offers through TTS and while they have said they didn't think that it would be accepted, they have taken the offer forward. And it wasn't accepted just like they said.

Anyone who is on these boards and following this thread can see what contracts are selling for, so a broker shouldn't be able to convince you to do something you don't want to do if you've done your research.

 

[Bellabully]

Just passed ROFR on my first DVC purchase (won't be my last). Details BWV 150 points with Dec use year, 71.00/point, 150 banked from 2011. Thanks to all who post here, your guidance helps us all Pixie dust to all who are still waiting!

 

[CaoilinnsMom]

Just found out I passed on a VWL contact for 150 points at 60per point. I am almost officially an owner!

 

[Bradleyv1714]

I bought at AKV... I am just happy that I got my offer accepted hopefully it passes rofr!

 

[flyguy1950]

Passed ROFR today with a small 50 pt contract @ OKW $65 p/p.

 

[cfw213]

Just passed ROFR on my first DVC purchase (won't be my last). Details BWV 150 points with Dec use year, 71.00/point, 150 banked from 2011. Thanks to all who post here, your guidance helps us all Pixie dust to all who are still waiting!

Just found out I passed on a VWL contact for 150 points at 60per point. I am almost officially an owner!

Passed ROFR today with a small 50 pt contract @ OKW $65 p/p.

Congratulations to all of you!! When did you submit? I am really hoping to hear by the end of the week on mine!

 

[Pirate Granny]

When I found a contract on line, when I called TTS they said someone already made an offer..I asked to be notified if it fell through. I got a call two weeks later, saying it did fall through...I asked to offer at $5 a point lower than asking price, and he refused to make that offer, said he would have to repost and see if someone else made an offer. I wanted that contract, so offered the asking price which was high. I did get it, but don't think I would use "him" again... I'm still looking for that one elusive VWL.

 

[CaoilinnsMom]

Congratulations to all of you!! When did you submit? I am really hoping to hear by the end of the week on mine!

It has been less than 30 days, I think around May 5th. Now I have to wait another 2 weeks for the closing documents.

 

[MarlaSingersLaundry]

I bought at AKV... I am just happy that I got my offer accepted hopefully it passes rofr!

Then you got a good deal. Bonus on the banked points. Congrats and best of luck on ROFR. Hopefully we'll soon be neighbors.

 

[MarlaSingersLaundry]

When I found a contract on line, when I called TTS they said someone already made an offer..I asked to be notified if it fell through. I got a call two weeks later, saying it did fall through...I asked to offer at $5 a point lower than asking price, and he refused to make that offer, said he would have to repost and see if someone else made an offer. I wanted that contract, so offered the asking price which was high. I did get it, but don't think I would use "him" again... I'm still looking for that one elusive VWL.

I would think that the agent would be required as a fiduciary to present your initial offer, or any offer for that matter. However, the seller could have given an instruction to not present offers less than X. Out of curiosity, did you increase your offer in the same conversation wherein the agent stated the proprty must relist before any offer could be presented?

Congrats to all who passed ROFR!

 

[carrotf]

I passed ROFR in late April with a small 60 point OKW at $65 per point

 

[flyguy1950]

Congratulations to all of you!! When did you submit? I am really hoping to hear by the end of the week on mine!

i submitted on May 6th and passed May 29th, Now its time to add-on.

 

[Bellabully]

Congratulations to all of you!! When did you submit? I am really hoping to hear by the end of the week on mine!

Submitted 5/3/12, passed 5/29/12. Good luck to you! Waiting is hard.

 

[cfw213]

i submitted on May 6th and passed May 29th, Now its time to add-on.

Submitted 5/3/12, passed 5/29/12. Good luck to you! Waiting is hard.

Thanks! I am at the three week mark today so I'm hoping by the end of the week