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

[australiankaren]

Just curious, when did you submit to disney and when did it pass?

hi there...was sent to Disney 3rd May, passed ROFR 19th April.

so 3 weeks waiting so far....is that normal? we are BLT owners, so does that make it more complicated?

 

[fmer55]

Just found out today that Disney exercised their ROFR on my OKW contract. That makes it 4 OKW contracts in a row I've lost.

Details were

OKW 230 DEC UY, $43/point + buyer pays closing + buyer pays half of 2012 MF.

Had 266 2011 points and all points going forward.

!@#$#%!@#%!$%!#$%, sorry man!

 

[DougEMG]

I'm sorry you were ROFR'd again Doug. Honestly, if you want OKW, I think you are going to have to stop trying to get these low offers through and bring your offers up over $50. I was ROFR'd twice under $50 and then I passed twice over $50.

I already own at OKW so I'm not in a rush to get more, I just can't resist a good deal. I have a set price range I'm willing to pay for OKW, SSR and BWV so I only make offers on something that falls in my ranges, which resort it is doesn't matter that much to me.

 

[bethifoody]

So sorry, Doug. That's got to be getting very frustrating.

 

[DougEMG]

So sorry, Doug. That's got to be getting very frustrating.

I think my daughter is putting a hex on me. She wants me to buy resorts with a longer contract so she can have it once I no longer can use it.

 

[bethifoody]

I think my daughter is putting a hex on me. She wants me to buy resorts with a longer contract so she can have it once I no longer can use it.

Not buying into the monkey w/ a dart theory anymore? lol... One of these days, you'll get one through!

 

[rhc]

Well, we're taking the plunge into DVC ownership.

Contract was submitted to Disney earlier this week.. now I can only just wait and hope. Got what I think is a pretty good deal so hoping it goes through.

Details:

BCV 270 Feb UY, comes with 133 banked 2011 points, 270 2012 points and all 2013 points.

$63/point - we (buyer) pays closing and splitting MF

 

[ELMC]

Well, we're taking the plunge into DVC ownership.

Contract was submitted to Disney earlier this week.. now I can only just wait and hope. Got what I think is a pretty good deal so hoping it goes through.

Details:

BCV 270 Feb UY, comes with 133 banked 2011 points, 270 2012 points and all 2013 points.

$63/point - we (buyer) pays closing and splitting MF

Congrats. It seems like most of the BCV listings are asking in the $80pp range but I see a lot selling in the $60pp range.

 

[DougEMG]

Well, we're taking the plunge into DVC ownership.

Contract was submitted to Disney earlier this week.. now I can only just wait and hope. Got what I think is a pretty good deal so hoping it goes through.

Details:

BCV 270 Feb UY, comes with 133 banked 2011 points, 270 2012 points and all 2013 points.

$63/point - we (buyer) pays closing and splitting MF

Nice one.

 

[MarlaSingersLaundry]

This board is a treasure trove of information! Thanks to all for sharing, really helped in making an informed buying decision.

After a year of considering, we have decided to purchase resale. Here are the particulars:

AKV 225 Oct, all '12 points and going forward. $58, buyer pays closing, seller pays MF. Submitted on 5/22.

Wish us luck! Now it's just the wait.

 

[Caren90]

This board is a treasure trove of information! Thanks to all for sharing, really helped in making an informed buying decision.

After a year of considering, we have decided to purchase resale. Here are the particulars:

AKV 225 Oct, all '12 points and going forward. $58, buyer pays closing, seller pays MF. Submitted on 5/22.

Wish us luck! Now it's just the wait.

Good luck with ROFR and more importantly, many happy years of DVC ownership.

Stephen

 

[MarlaSingersLaundry]

Good luck with ROFR and more importantly, many happy years of DVC ownership.

Stephen

Thank you, Stephen! We will enjoy it!

 

[cfw213]

I made one offer through TTS. I thought I offered a good average to what was being presented on this thread. The contract was not that great, no loaded points, so I asked for the seller to cover the MF for the given year. The broker seemed offended by my offer. I was told that the cost per points were way to low and that the buyer ALWAYs pays the MF. I told him that I was using the disboards to see what was contracts were going for at the time. He told me he had no idea what I was talking about (um.. They are sponsors to this board).

He took the offer and said I would hear back from him, but it was not a good offer. I called back the next day and he was not in the office. I got transfered to some one else who called be back a little later to tell me my offer was refused.

Well, I was watching a very similiar contract at Fidelity. So I made the same exact offer on the same resort. They accepted within an hour and I later found out that they had banked most of the previous years points that were not listed.

I realize that brokers get % of the price and the closing costs increase the higher the price. But I felt like TTS was more interested in keeping the price high then trying to sell the contract. I will not use them again, though I do suspect they have the best customer service. I was in no rush with Sharon with Fidelity and did not need my hand held. I knew what to expect and when, and it happened as expected.

(I made my offer in Febraury, and the contract at TTS is still there, though it has come down a bit.)

This is why we went with Fidelity also. I made a few very reasonable offers at TTS and they were all rejected with no counter. I have been very happy with Fidelity so far. Every email I send has been responded to within an hour or two. I think maybe TTS is a "sellers" market and Fidelity is a "buyer's" market.

 

[MousekeTom]

This is why we went with Fidelity also. I made a few very reasonable offers at TTS and they were all rejected with no counter. I have been very happy with Fidelity so far. Every email I send has been responded to within an hour or two. I think maybe TTS is a "sellers" market and Fidelity is a "buyer's" market.

The exact same thing happened to me on three different offers. Though I personally don't believe TTS is a sellers market, I choose not to share my conjecture.

Fidelity came through - every time.

 

[MarlaSingersLaundry]

I made one offer through TTS. I thought I offered a good average to what was being presented on this thread. The contract was not that great, no loaded points, so I asked for the seller to cover the MF for the given year. The broker seemed offended by my offer. I was told that the cost per points were way to low and that the buyer ALWAYs pays the MF. I told him that I was using the disboards to see what was contracts were going for at the time. He told me he had no idea what I was talking about (um.. They are sponsors to this board).

He took the offer and said I would hear back from him, but it was not a good offer. I called back the next day and he was not in the office. I got transfered to some one else who called be back a little later to tell me my offer was refused.

Well, I was watching a very similiar contract at Fidelity. So I made the same exact offer on the same resort. They accepted within an hour and I later found out that they had banked most of the previous years points that were not listed.

I realize that brokers get % of the price and the closing costs increase the higher the price. But I felt like TTS was more interested in keeping the price high then trying to sell the contract. I will not use them again, though I do suspect they have the best customer service. I was in no rush with Sharon with Fidelity and did not need my hand held. I knew what to expect and when, and it happened as expected.

(I made my offer in Febraury, and the contract at TTS is still there, though it has come down a bit.)

I had the same experience at TTS. I was told that no way would a seller pay the MF since we would get all of the years points. In addition I was told that the selling price at AKV was much higher than what I was offering. I'd been watching this thread and felt I had a good feel for what was selling and passing ROFR. I may have been in the low end, but still in the range of recent sales. I made a couple of offers, but the counters were higher than what I wanted to pay, plus all closing and MF to me. I called Fidelity, put in a couple of offers; one rejected due to loan balance, and the other accepted.

I felt that Rachel at Fidelity was truly disinterested in either party and acted as a neutral agent. Great experience so far, I would absolutely reccomend Fidelity.

 

[dr&momto2boys]

We had the "your offer is too low" experience with both TSS and Fidelity. Both got back to us in a timely manner. Rarely was there a counter offer which I thought was weird. We've dealt with TSS in the past with good results. We recently had our "too low offer" ($56 for AKV) accepted through Fidelity and it passed ROFR. We're still waiting for our points to show up with MS. It has taken 2 months from start to finish so far.

We also found out about unadvertised banked points after we negotiated and settled on a price. It was a nice surprise to have 91 points coming that we didn't know about! I wouldn't be happy if I was the seller though...that they weren't advertised and taken into consideration in negotiating a price.

 

[nalajms]

We recently had our "too low offer" ($56 for AKV) accepted through Fidelity and it passed ROFR.

Ditto! My 160pt AKV passed over a week ago at $56. All 2012 and on points. Hopefully the closing docs will come next week.

I felt that Rachel at Fidelity was truly disinterested in either party and acted as a neutral agent.

I did notice that they work harder to get the buyer and seller to meet in the middle if it's an older contract.

 

[AllieV]

hi there...was sent to Disney 3rd May, passed ROFR 19th April.

so 3 weeks waiting so far....is that normal? we are BLT owners, so does that make it more complicated?

I'm guessing you mean March, not May? Or do you mean you passed in April, then it went to the title company, more signing, then to disney to record? I was wondering when it got sent for ROFR consideration prior to it passing April 19.

Are you still waiting to be in the system after 3 weeks? If so, I'd definitely post a thread (outside of this thread) asking for some advice. I don't think it's supposed to take that long to record.

 

[Bradleyv1714]

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?

 

[cpfd910]

I am using Fidelity apparently when DVC members are looking to sell for different reasons. Disney is not in the resale business so they tell the members to use fidelity as a broker, mine sent to Disney on May 16th 200 pts SSR 132 from 10', 200 from 11', 164 12', 36 in res status $62 pt. I pay closing and dues on the 164. December use year going to WDW on Sept 13 for 5 nights hoping to book AKV not picky on rooms just want to get in