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

[MapleGirl]

I wonder what the new resale limitations will be. Glad I got in when I did. We paid the asking price for our contract. It was a very reasonable price - $50/pt at SSR. The contract was neither stripped nor loaded. We have 23 points from 2012 and all 150 points coming in December 2013. We are now waiting for our purchase confirmation. Almost done!

Our timeline so far:

2/07/13 - Started researching and looking for a resale DVC contract
2/15/13 - Found contract
2/19/13 - Signed contracts
2/20/13 - Contract sent to ROFR
3/14/13 - Disney waived ROFR
3/20/13 - Received closing documents from title company
3/22/13 - Faxed closing documents back to title company and wired funds for the contract

 

[kkolbusz1]

I wonder what the new resale limitations will be. Glad I got in when I did. We paid the asking price for our contract. It was a very reasonable price - $50/pt at SSR. The contract was neither stripped nor loaded. We have 23 points from 2012 and all 150 points coming in December 2013. We are now waiting for our purchase confirmation. Almost done!

Our timeline so far:

2/07/13 - Started researching and looking for a resale DVC contract
2/15/13 - Found contract
2/19/13 - Signed contracts
2/20/13 - Contract sent to ROFR
3/14/13 - Disney waived ROFR
3/20/13 - Received closing documents from title company
3/22/13 - Faxed closing documents back to title company and wired funds for the contract

You're a lucky duck! I'm soooooo nervous. I can't stop looking at these boards! We offered $3 over asking price at $63. Submitted to disney on the 20th....

 

[jcotten]

I wonder what the new resale limitations will be. Glad I got in when I did. We paid the asking price for our contract. It was a very reasonable price - $50/pt at SSR. The contract was neither stripped nor loaded. We have 23 points from 2012 and all 150 points coming in December 2013. We are now waiting for our purchase confirmation. Almost done!

Our timeline so far:

2/07/13 - Started researching and looking for a resale DVC contract
2/15/13 - Found contract
2/19/13 - Signed contracts
2/20/13 - Contract sent to ROFR
3/14/13 - Disney waived ROFR
3/20/13 - Received closing documents from title company
3/22/13 - Faxed closing documents back to title company and wired funds for the contract

You are on the same timeline as we are! Sent to rofr Feb 20th , passed on March 13th, sent payment and closing docs in on the 18th, I want this thing to go ahead and close!

 

[ELMC]

No one is saying to offer full price on resales listing. But offering rediculously low offers is not going to get you the contract anymore.

Yes I was told more resales changes coming but those with contracts going to ROFR and current resales contract owners will be grandfathered. No date mentioned. So we will see if it happens. Since DVC has yet to announce the new classic resort price increases don't hold your breath for any prior notification.

So to be clear, you're saying that $52 for OKW and $55 for SSR are "ridiculously low" offers? I suppose we'll have to agree to disagree on that one. Where I do agree with you (maybe I just didn't communicate it clearly) is that my strategy might not get you "that" contract, but it will get you "a" contract. Clearly the way to win the contract you love is to go in with an offer of full asking price (or even a dollar higher) and you'll get it. What I'm suggesting is taking emotion out of the equation, and negotiating on a series of similar contracts in order to get the best price. While I agree with you that that strategy might not be for everyone, I disagree that it can't be done. This is an imperfect market and not every contract has equal demand.

I offered full price immediately to get my 125 at VGC. The agent said she had had several calls on that listing and I believe her. As soon as I offered asking price it was accepted and I'm sure there were some who had made lower bids. Since then..just a smonth ago...I have seen my $108 pp look reasonable as many are listed at $120 with sales pending. Depending on the resort and the availability of points, I don't think offering full price is throwing your money out the window anymore than any other luxury purchase.

I agree, and I apologize if you took my comments out of context. My comment was specifically referring to OKW and SSR, two resorts with super high levels of demand and relatively homogeneous contracts. VGC is another animal altogether. But to my point about it being an imperfect market, Fidelity had two VGC DEC contracts with all 2012 and 2013 points on their website for weeks at $95 pp. So it does happen.

 

[fmer55]

I think that stripped contracts have one advantage that we are overlooking, and that pertains to cash flow. Sure, buying a loaded contract and renting out the points will net the lowest cost, but some people don't have the desire to rent out points and others might not have that extra cash on hand to lay out upon closing. So while from a strict dollars and cents perspective loaded contracts are the best bet, buying a stripped contract has advantages which I have overlooked in the past.

Of my 3 contacts, one was loaded and the other 2 had full current UY points. I bought this way knowing I didn't need all the current points and would bank a good number of them, giving myself a cushion for years to come. I am of the camp that doesn't care about loaded, current is fine for me. And I think I did very well on my contracts. I am not into renting the points, yet I fully understand the theory of doubling up and vacationing essentially for free, I just don't have the drive.

 

[dbs1228]

ROFR strikes again!

Not at all surprised timing could not have been worse since inventory is now depleted! Back to the hunt Good thing we are not going again until mid 2014 so we have time.

BWV 222 points Feb UY 2013 points and forward 55.00 per point (list price)

Sent to ROFR 3/6 exercised ROFR today 3/25. Fidelity said they took 3 BWV contracts today.

 

[htmlkid]

I wonder what the new resale limitations will be. Glad I got in when I did. We paid the asking price for our contract. It was a very reasonable price - $50/pt at SSR. The contract was neither stripped nor loaded. We have 23 points from 2012 and all 150 points coming in December 2013. We are now waiting for our purchase confirmation. Almost done!

Our timeline so far:

2/07/13 - Started researching and looking for a resale DVC contract
2/15/13 - Found contract
2/19/13 - Signed contracts
2/20/13 - Contract sent to ROFR
3/14/13 - Disney waived ROFR
3/20/13 - Received closing documents from title company
3/22/13 - Faxed closing documents back to title company and wired funds for the contract

There are no new resale limitations its all here say!!!!

 

[automaticsoap]

ROFR strikes again!

Not at all surprised timing could not have been worse since inventory is now depleted! Back to the hunt Good thing we are not going again until mid 2014 so we have time.

BWV 222 points Feb UY 2013 points and forward 55.00 per point (list price)

Sent to ROFR 3/6 exercised ROFR today 3/25. Fidelity said they took 3 BWV contracts today.

Sorry to hear that! I submitted a BWV contract to ROFR on 3/5, so hopefully I'll hear back soon. It's a small contract with 0 2013 points, so I'm hoping it'll get waived.

 

[dbs1228]

Sorry to hear that! I submitted a BWV contract to ROFR on 3/5, so hopefully I'll hear back soon. It's a small contract with 0 2013 points, so I'm hoping it'll get waived.

Good luck! So far contracts without 2013 points have been passing through since Disney cannot resell them until the points become available - they would have to hold them and that does not make much business sense!

 

[fmer55]

ROFR strikes again!

Not at all surprised timing could not have been worse since inventory is now depleted! Back to the hunt Good thing we are not going again until mid 2014 so we have time.

BWV 222 points Feb UY 2013 points and forward 55.00 per point (list price)

Sent to ROFR 3/6 exercised ROFR today 3/25. Fidelity said they took 3 BWV contracts today.

Wow, sorry to hear about it.

I am thinking really hard about selling my BWV right now. It is almost to the point where you could sell BWV and buy BLT for just a couple bucks more and have 18 extra years and a buck less a point in MF's.

 

[disfanforlife]

ROFR strikes again!

Not at all surprised timing could not have been worse since inventory is now depleted! Back to the hunt Good thing we are not going again until mid 2014 so we have time.

BWV 222 points Feb UY 2013 points and forward 55.00 per point (list price)

Sent to ROFR 3/6 exercised ROFR today 3/25. Fidelity said they took 3 BWV contracts today.

Oh no! Sorry to hear that! Ours was sent on 3/17....so we still don't know yet....the only hope is it was a higher price but smaller contract, 100 points at $70.

 

[disfanforlife]

Wow, sorry to hear about it.

I am thinking really hard about selling my BWV right now. It is almost to the point where you could sell BWV and buy BLT for just a couple bucks more and have 18 extra years and a buck less a point in MF's.

Hmmm, good point! If ours does not go through, we may look at buying BLT instead.

 

[Sandisw]

ROFR strikes again!

Not at all surprised timing could not have been worse since inventory is now depleted! Back to the hunt Good thing we are not going again until mid 2014 so we have time.

BWV 222 points Feb UY 2013 points and forward 55.00 per point (list price)

Sent to ROFR 3/6 exercised ROFR today 3/25. Fidelity said they took 3 BWV contracts today.

I'm so sorry to hear this...for so long they seemed to let things go...hope you find a new one soon..

 

[dbs1228]

Wow, sorry to hear about it.

I am thinking really hard about selling my BWV right now. It is almost to the point where you could sell BWV and buy BLT for just a couple bucks more and have 18 extra years and a buck less a point in MF's.

Thank you - DH and DD's are not feeling my pain glad I have you DIS

Now is the time to sell BWV - resales are pretty depleted and prices are certainly up. We own BLT thought we paid a lot direct now I feel we got a deal! When I spoke with the broker I asked about a BLT 100 point contract my UY and it was gone - had 2 people interested in it.

 

[DougEMG]

Wow, sorry to hear about it.

I am thinking really hard about selling my BWV right now. It is almost to the point where you could sell BWV and buy BLT for just a couple bucks more and have 18 extra years and a buck less a point in MF's.

I could be tempted here as we'll...

 

[z28wiz]

Just sold mycontract for a profit

 

[fmer55]

Just sold my okw contract for 69 per point actually made money on it. It expires 2042 so not an extended one either.

Details? I am so tempted to sell BWV and an OKW and upgrading to BLT. $69 for OKW, congtrats

Maybe upgrading is the wrong word. I like the extra 18 years for resale down the line and a $1 less MF's. May have to list and see what happens.

 

[andy117]

ROFR strikes again!

Not at all surprised timing could not have been worse since inventory is now depleted! Back to the hunt Good thing we are not going again until mid 2014 so we have time.

BWV 222 points Feb UY 2013 points and forward 55.00 per point (list price)

Sent to ROFR 3/6 exercised ROFR today 3/25. Fidelity said they took 3 BWV contracts today.

Sorry to hear that, I was rooting for you.

 

[Joey7295]

Submitted 3/7

OKW 190 points June UY - $60/point. 190 banked 2011 points, 190 banked 2012 points, 190 2013 and all 190 going forward. Seller pays closing, 2013 MF, and admin fee.

Just found out Disney is taking another one

 

[z28wiz]

Details? I am so tempted to sell BWV and an OKW and upgrading to BLT. $69 for OKW, congtrats

Maybe upgrading is the wrong word. I like the extra 18 years for resale down the line and a $1 less MF's. May have to list and see what happens.

`