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

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he said that Disney is currently exercising ROFR on all BLT contracts so it can turn around and sell for $130 pp.
Q: How can you tell a timeshare salesman is lying?
A: His lips are moving!
 
Yeah, sadly I fell for it - hook, line and sinker... maybe I was looking for excuses to fall for it? :hippie:

We ended up buying a small 50 point add-on contract for BLT. For the "cruise special" they were selling BLT at $130 a point, with an $8/point discount (so we got them for $122) and they gave us back dated points from our 2011 UY w/o paying maint fees on those and they waived the banking deadlines on those so we could go ahead and bank those points. We also received 18 universal fastpasses. He said that they were projecting BLT was going to sell out in 6 months (again, who knows if this is true.) We put it on our Disney premier visa, so we got double reward points and 0% financing for 6 months. We'll have it paid off by then.

On the ship, they were doing the big push to sell AKV points. They were giving deep discounts on larger contracts. They never even mentioned BLT at all - we already own 160 points there, and had rented them out a couple of times, so I was interested in getting more BLT because of the ease of use, and/or rental. I had to ask about BLT after making the appointment.

He said that VGC sold out in "record time" and it was the fastest selling DVC property. He said Aulani is going "very, very well" with most of the people buying those points are from the west coast. My take is that they are pushing Aulani on the Alaskan and Mex riviera cruises. They weren't even trying to sell Aulani on the ship - I'm sure they would have sold it, but it wasn't the focus, and he flat out told me that he wasn't pushing it for anyone who lives on the East coast. AKV was the focus. They were also tieing it in with RCI and highlighting RCI properties and the "value" of using DVC points for RCI exchange. I suppose this was their attempt to take a swipe at the resale market. At any rate, I'm thinking they still have a ton of oustanding AKV inventory, and they need to clear this before announcing Grand Floridian.

My thought is that when they announce GF, it will likely start around $150/point. I totally see Poly whenever it comes being close to $180 or $200 a point. I told him that there were "rumors" about Poly DVC and I asked him when it is coming. His response: "Well, you seem to be fairly savvy to the word out there. If those rumors are true, the sky is the limit."

So, in other words - he didn't deny Poly DVC.
 
Yeah, sadly I fell for it - hook, line and sinker... maybe I was looking for excuses to fall for it? :hippie:

We ended up buying a small 50 point add-on contract for BLT. For the "cruise special" they were selling BLT at $130 a point, with an $8/point discount (so we got them for $122) and they gave us back dated points from our 2011 UY w/o paying maint fees on those and they waived the banking deadlines on those so we could go ahead and bank those points. We also received 18 universal fastpasses. He said that they were projecting BLT was going to sell out in 6 months (again, who knows if this is true.) We put it on our Disney premier visa, so we got double reward points and 0% financing for 6 months. We'll have it paid off by then.

On the ship, they were doing the big push to sell AKV points. They were giving deep discounts on larger contracts. They never even mentioned BLT at all - we already own 160 points there, and had rented them out a couple of times, so I was interested in getting more BLT because of the ease of use, and/or rental. I had to ask about BLT after making the appointment.

He said that VGC sold out in "record time" and it was the fastest selling DVC property. He said Aulani is going "very, very well" with most of the people buying those points are from the west coast. My take is that they are pushing Aulani on the Alaskan and Mex riviera cruises. They weren't even trying to sell Aulani on the ship - I'm sure they would have sold it, but it wasn't the focus, and he flat out told me that he wasn't pushing it for anyone who lives on the East coast. AKV was the focus. They were also tieing it in with RCI and highlighting RCI properties and the "value" of using DVC points for RCI exchange. I suppose this was their attempt to take a swipe at the resale market. At any rate, I'm thinking they still have a ton of oustanding AKV inventory, and they need to clear this before announcing Grand Floridian.

My thought is that when they announce GF, it will likely start around $150/point. I totally see Poly whenever it comes being close to $180 or $200 a point. I told him that there were "rumors" about Poly DVC and I asked him when it is coming. His response: "Well, you seem to be fairly savvy to the word out there. If those rumors are true, the sky is the limit."

So, in other words - he didn't deny Poly DVC.

When you get into situations with smaller contracts such as this, the resale closing costs add a significant percentage increase to the purchase price. Combine this with the inherent higher pricing of smaller contracts and the gap between direct and resale is narrowed significantly. I still don't have a great impression of your salesperson based on what you have said here on the DIS, but unlike timeshare salespeople, numbers don't lie. All in all, you paid a small premium for the convenience of buying direct...no big deal. Plus, in my book, those 18 Fastpasses have a significant value. :)

Congrats on your purchase.
 

Yeah, sadly I fell for it - hook, line and sinker... maybe I was looking for excuses to fall for it? :hippie:

We ended up buying a small 50 point add-on contract for BLT. For the "cruise special" they were selling BLT at $130 a point, with an $8/point discount (so we got them for $122) and they gave us back dated points from our 2011 UY w/o paying maint fees on those and they waived the banking deadlines on those so we could go ahead and bank those points. We also received 18 universal fastpasses. He said that they were projecting BLT was going to sell out in 6 months (again, who knows if this is true.) We put it on our Disney premier visa, so we got double reward points and 0% financing for 6 months. We'll have it paid off by then.

You did very well!! I would have bit on that myself (we already have 310 BLT points). Buying with the Disney Visa and getting the rewards is great and so easy. Hope you had upgraded to the Premier card for the 2%!!

Congratulations on your add-on!!
 
When you get into situations with smaller contracts such as this, the resale closing costs add a significant percentage increase to the purchase price. Combine this with the inherent higher pricing of smaller contracts and the gap between direct and resale is narrowed significantly. I still don't have a great impression of your salesperson based on what you have said here on the DIS, but unlike timeshare salespeople, numbers don't lie. All in all, you paid a small premium for the convenience of buying direct...no big deal. Plus, in my book, those 18 Fastpasses have a significant value. :)

Congrats on your purchase.

Thanks so much... Yeah, this morning when I saw the thread and the BLT contracts that had made it through, I thought *doh!*... Literally, I made the decision one day, and we closed the next - so to say we were "swept up" in the momentum is an understatement. But you know, these BLT contracts made it through ROFR before the recent price hike. Again, I don't know if it will make a difference - I like to think it might? (trying to make myself feel better.)

All in all we own around 600 points, but in many contracts (probably around 10) I would say?) Our largest contract is 125 points - the idea is that if at any time we want to get out of any holding, we'll have a better chance of unloading a small contract and it would also go for a higher price. So that was my reasoning for grabbing a 50 while we could. At any rate... hopefully this will be a distant memory in a couple years, as we're going on our first Adventures by Disney trip... ;)
 
The last time I checked BLT is now selling for $160pp. $150 if you buy 100 or more points. On page 171 of this thread there is a list of contracts that have passed ROFR. 17 BLT contracts have passed and no BLT contract has been ROFRed, at least in 2012 as reported by people on this board.

Salesmen!!! They really shouldn't lie when everything they lie about can so easily disproved.

I know I asked our guide recently what BLT was selling for because I have not found a 25-50 point on the resale market for our use year and he told me $165 now... I wonder why the price difference? Does it really make that much of a difference in buying on a cruise?? At $165 I say I can wait for resale, but if I was offered 130 per point with a small discount would have done that just to have the extra points.. oh well search continues..
 
/
Just sent to ROFR today SSR 200 points DEC UY.

Price was $50/point + closing ($680), seller paid MF, comes with 198 2010 points that expire Nov, 2012, 200 2011 points that are banked into 2012 UY and 200 2012 points.

Special thanks to AllieV for letting me know about this listing. :goodvibes

Doug,

Good luck on both your contracts, great deals indeed!
 
He said that VGC sold out in "record time"
If "almost two years" (Jan '09 through Oct '10) for the smallest DVC resort ever built is a record, then yes, it was a record.

(Again: lips moving...)
 
So, please add me back into the waiting for ROFR insanity. :rotfl: Here are the details:
VWL, 130 points, Aug UY; 260 points on 8/12 (130 2012 points and 130 2011 banked points that expire 7/13) and 130 current points (2010 banked points that expire 7/12 (which we probably won't be able to use before we close))
$55 per point, buyer pays closing and MF.
Wish me luck!
 
I guess it's good to know I'm not the only slightly frustrated buyer out there. There doesn't seem to be much rhyme or reason with these things. Was really hoping that these sellers might be just as anxious as us to get a deal completed. We are using Fidelity too.

DizBub - I feel your pain. Our first contract got signed by both parties and off to ROFR in 2 days. The most recent contract took almost two weeks to get signed by the seller and off to ROFR. Ugh :rolleyes1 I thought we might actually lose it since the effective date had already passed, but they eventually signed it. Turns out the buyer doesn't have an email address. Seriously??? :headache:
 
So, please add me back into the waiting for ROFR insanity. :rotfl: Here are the details:
VWL, 130 points, Aug UY; 260 points on 8/12 (130 2012 points and 130 2011 banked points that expire 7/13) and 130 current points (2010 banked points that expire 7/12 (which we probably won't be able to use before we close))
$55 per point, buyer pays closing and MF.
Wish me luck!

Good luck, nice one.
 
So, please add me back into the waiting for ROFR insanity. :rotfl: Here are the details:
VWL, 130 points, Aug UY; 260 points on 8/12 (130 2012 points and 130 2011 banked points that expire 7/13) and 130 current points (2010 banked points that expire 7/12 (which we probably won't be able to use before we close))
$55 per point, buyer pays closing and MF.
Wish me luck!

Good luck Gatorgirl02! I was going to make an offer on that same contract, but you beat me to it. I hope you make it through ROFR. :thumbsup2
 
So, please add me back into the waiting for ROFR insanity. :rotfl: Here are the details:
VWL, 130 points, Aug UY; 260 points on 8/12 (130 2012 points and 130 2011 banked points that expire 7/13) and 130 current points (2010 banked points that expire 7/12 (which we probably won't be able to use before we close))
$55 per point, buyer pays closing and MF.
Wish me luck!

Ask your agent to contact the seller to see if they will rent the points to you (as part of the contract) or transfer them to you if you are currently a DVC member!
 
You can add me to the ROFR waiting list as well. I have a 150 pt Aug UY contract for VWL at $53/pt with buyer paying closing costs and split MF that went to ROFR on 5/26. I'm looking forward to becoming a DVC owner by July. Just keeping my fingers crossed that Disney remains quiet on exercising VWL contracts.
 
Ask your agent to contact the seller to see if they will rent the points to you (as part of the contract) or transfer them to you if you are currently a DVC member!

Unfortunately, banked points cannot be transferred. I am wondering if anybody has successfully found a way to do something with 2010 points that are about to expire.
 
Sigh. :sad2:

100 BCV DEC $60 pp buyer pays closing seller pays mf. All 2010, 2011, 2012 points.

Submitted 5/23, ROFR exercised 6/4.

Maybe price does have something to do with it. :)
 
Sigh. :sad2:

100 BCV DEC $60 pp buyer pays closing seller pays mf. All 2010, 2011, 2012 points.

Submitted 5/23, ROFR exercised 6/4.

Maybe price does have something to do with it. :)

Sorry to hear that :sad1: That would have been a great deal.

How did you find out? Did they send an email? My contract went in a few days before yours and I still haven't heard anything. Maybe that's a good sign?
 
Sorry to hear that :sad1: That would have been a great deal.

How did you find out? Did they send an email? My contract went in a few days before yours and I still haven't heard anything. Maybe that's a good sign?

My broker at Fidelity emailed me. Yeah, news after 11 days is not good. The longer you wait, the better off you will be. Good luck! :goodvibes
 
Sigh. :sad2:

100 BCV DEC $60 pp buyer pays closing seller pays mf. All 2010, 2011, 2012 points.

Submitted 5/23, ROFR exercised 6/4.

Maybe price does have something to do with it. :)

Sorry to hear about your lose. That would have been a real sweat deal, guess it was too good a deal for the mouse to let it go by.
 
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