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

[undfan]

Contract sent to Disney for ROFR on 10/24. 230 (2042 version) OKW June @ $55/pt; Seller and Buyer split closing costs. 14 '12 points; 230 '13 points and forward. Curious as to ROFR predictions - - have at it!!!!

 

[MickeyFan612]

After our two OKW's getting snatched by the monkey, I decided to not jinx myself and post our next move. Here is what has happened since:

9-10-12 160 SSR contract listed $60pp, 25 '11 pts, 160 '12 pts + all forward
9-10-12 Offer $54 pp, seller countered $58pp, we settle on $56pp, buyer pays closing, seller pays mf
9-12-12 Contract received and sent back to Fidelity (seller same day as well)
9-13-12 Contract sent to Disney for ROFR consideration
10-9-12 Disney waives ROFR and allows sale
10-13-12 Closing documents and payment sent overnight to title company for closing
10-22-12 Sale closed
10-24-12 Warranty deed appears on occompt.com

And now we wait for our membership number. I am pleased with the broker, pleased with the price we paid, and anxiously await DVC to put us in the system! The seller did not waste any time signing documents and getting things done on their end so I'm sure that helped move the process along.

Congratulations!! Great deal for SSR!!

 

[DougEMG]

Contract sent to Disney for ROFR on 10/24. 230 (2042 version) OKW June @ $55/pt; Seller and Buyer split closing costs. 14 '12 points; 230 '13 points and forward. Curious as to ROFR predictions - - have at it!!!!

25% chance it passes ROFR. Good luck.

 

[undfan]

Was hoping for a bit more optimistic evaluation - - - but your realism is appreciated. Thanks!

 

[undchefreak]

UNDFAN - Like UND Sioux (not so much anymore, but still)??

If so, awesome! If not, have a nice day

 

[Lizard Valley]

Hi everyone,

Firstly, I just want to thank everyone for all of the great information here. If it wasn't for these threads, I would not have been able to interpret the information in a contract in order to make a fair offer that I am happy with. So this is what I got (same seller):

100 SSR (Aug) - all 2012, all 2013. $45/pt
210 BCV (Aug) - all 2012, all 2013. $59/pt

Seller pays 2012 mf's, buyer and seller SPLIT closing costs .

I honestly doubt the BCV will pass ROFR, but you never know!

Just found out Disney ROFR'd the BCV

No word on the SSR yet, but Tuesday should be the day (actually submitted 10/03)

 

[hfehr1s]

Not a big shocker but Disney ROFR our 2 OKW Contracts - we were notified 10/24
Our deal was: 2 contracts of 150 pts each @ OKS - March UY @ $55 pp

Ah... well of to shop some more!!

 

[undfan]

UNDFAN - Like UND Sioux (not so much anymore, but still)??

If so, awesome! If not, have a nice day

You are correct - - "Fight on Sioux, we're all for you, . . . ." Have owned OKW since 1992 - - - one of the first in the gate - - - thought it time to do some addding since grandkids in the picture.

Saw OKW @ $55 got taken by Disney - - not a good sign for our $55 contract just sent to them for ROFR about five days ago - - - we'll see!

 

[WDWLVR2]

thanks everyone for responding. i emailed the broker and was told the owners haven't returned their signed docs yet. ???? it's been 8 days...like i said hurry up and wait

 

[margitmouse]

Facing the monkey again..... not looking for big bargain.... just trying to get in on our UY!!!!!

75 pts March-2057(extended contract) $66ppt, 60 banked 2012 points- no MF til 2013, close in January
March has been difficult to find in low pt contracts (for me anyway - I just never have hit it right. Our last contract got ROFR'd at last minute, we were so sad, we'd gotten close enough to the deadline that we'd let our hopes raise, only to be dashed on the ROFR rocks, LOL!

Looking for pixie dust,
congrats to everyone who has passed
: )

 

[DannysMom]

Facing the monkey again..... not looking for big bargain.... just trying to get in on our UY!!!!!

75 pts March-2057(extended contract) $66ppt, 60 banked 2012 points- no MF til 2013, close in January
March has been difficult to find in low pt contracts (for me anyway - I just never have hit it right. Our last contract got ROFR'd at last minute, we were so sad, we'd gotten close enough to the deadline that we'd let our hopes raise, only to be dashed on the ROFR rocks, LOL!

Looking for pixie dust,
congrats to everyone who has passed
: )

Good luck! I think the fact that it is an extended contract improves your chances of slipping it past the ROFR monkey significantly.

Sent from my iPad using DISBoards App, please excuse any typos.

 

[saintstickets]

This might not be the right place to ask this but I wanted to ask those that have purchased recently and or often...has anyone ever called on a contract listed by one of the 4 main DVC resellers to be told that they have an offer at the listed price but have not presented it yet to the seller in case I wanted to make a counter offer? I suppose this could be true but 1)Why hasn't the reseller already presented an offer to the seller & 2)Is this just a way to try and get the price up in order to increase the reseller's commission? I made a $1/pt increase counter offer but when the reseller came back with a counter/counter offer of $2 higher than my offer, I passed and said I was not going to get into a bidding war. It was still a decent price and I would have been willing to pay more but something just did not sit right with me. Has anyone else experienced this?

 

[TinkandGoofy'sMom]

Sad to report that our offer did not pass ROFR. It was for 125 points at OKW for $56/point.
It was our first experience trying to buy resale. Oh well, we will keep looking!

 

[tjcat]

Sad to report that our offer did not pass ROFR. It was for 125 points at OKW for $56/point.
It was our first experience trying to buy resale. Oh well, we will keep looking!

Sorry your offer didn't pass, we lost 2 OKW contracts to ROFR and just passed Saratoga, Good luck with your next one!

 

[tjcat]

Good luck! I think the fact that it is an extended contract improves your chances of slipping it past the ROFR monkey significantly.

Sent from my iPad using DISBoards App, please excuse any typos.

Hey Danny's mom looks like no school tomorrow for you, waiting to hear if they will cancel school in PA, got our generator out, we were without power for 4 days with Irene and 3 days with the snow storm last October!Take Care!
TJ

 

[jkpatrick]

This might not be the right place to ask this but I wanted to ask those that have purchased recently and or often...has anyone ever called on a contract listed by one of the 4 main DVC resellers to be told that they have an offer at the listed price but have not presented it yet to the seller in case I wanted to make a counter offer? I suppose this could be true but 1)Why hasn't the reseller already presented an offer to the seller & 2)Is this just a way to try and get the price up in order to increase the reseller's commission? I made a $1/pt increase counter offer but when the reseller came back with a counter/counter offer of $2 higher than my offer, I passed and said I was not going to get into a bidding war. It was still a decent price and I would have been willing to pay more but something just did not sit right with me. Has anyone else experienced this?

That sounds like a conflict of interest? I thought as a 3rd party reseller, they act neither for the Seller or the Buyer. From what I know, if an offer is made for the Asking price, that Buyer has 'won' the right to purchase that contract for the Asking price, and the listing should go to this Buyer first. If the potential Buyer is presenting a lower price, then the Seller has the option to say no.

Who was the reseller in your case? That does sound fishy to me and sounds like your #2 is what may be going on. And the reseller may have advised the Seller that you were bidding +$1 and that they may be able to squeeze an extra $1 or $2 out of you, and if you say no, they have an offer for the asking price already.

 

[silmarg]

This might not be the right place to ask this but I wanted to ask those that have purchased recently and or often...has anyone ever called on a contract listed by one of the 4 main DVC resellers to be told that they have an offer at the listed price but have not presented it yet to the seller in case I wanted to make a counter offer? I suppose this could be true but 1)Why hasn't the reseller already presented an offer to the seller & 2)Is this just a way to try and get the price up in order to increase the reseller's commission? I made a $1/pt increase counter offer but when the reseller came back with a counter/counter offer of $2 higher than my offer, I passed and said I was not going to get into a bidding war. It was still a decent price and I would have been willing to pay more but something just did not sit right with me. Has anyone else experienced this?

sounds fishy to me... but who knows it may be true... I wouldve passed on the deal as well.

I am very depressed about yesterdays saints game, I really thought they would beat the Broncos and now I am waiting out a Hurricane. Saints losing... hurricanes.... I am like Old School New Orleans bu in Yankee territory. Go figure

 

[DougEMG]

This might not be the right place to ask this but I wanted to ask those that have purchased recently and or often...has anyone ever called on a contract listed by one of the 4 main DVC resellers to be told that they have an offer at the listed price but have not presented it yet to the seller in case I wanted to make a counter offer? I suppose this could be true but 1)Why hasn't the reseller already presented an offer to the seller & 2)Is this just a way to try and get the price up in order to increase the reseller's commission? I made a $1/pt increase counter offer but when the reseller came back with a counter/counter offer of $2 higher than my offer, I passed and said I was not going to get into a bidding war. It was still a decent price and I would have been willing to pay more but something just did not sit right with me. Has anyone else experienced this?

I've been in bidding wars before with another buyer and it was only after that was concluded that the offer was presented to the seller. I'm pretty sure though that this was because it was a new listing, both of us offered right away and the broker had not had a chance to contact the seller yet. So it can happen.

 

[DougEMG]

Sad to report that our offer did not pass ROFR. It was for 125 points at OKW for $56/point.
It was our first experience trying to buy resale. Oh well, we will keep looking!

Seems like OKW contracts continue to have a lot of ROFR activity on them as compared to any other resort.

Better luck next time.

 

[saintstickets]

This might not be the right place to ask this but I wanted to ask those that have purchased recently and or often...has anyone ever called on a contract listed by one of the 4 main DVC resellers to be told that they have an offer at the listed price but have not presented it yet to the seller in case I wanted to make a counter offer? I suppose this could be true but 1)Why hasn't the reseller already presented an offer to the seller & 2)Is this just a way to try and get the price up in order to increase the reseller's commission? I made a $1/pt increase counter offer but when the reseller came back with a counter/counter offer of $2 higher than my offer, I passed and said I was not going to get into a bidding war. It was still a decent price and I would have been willing to pay more but something just did not sit right with me. Has anyone else experienced this?

That sounds like a conflict of interest? I thought as a 3rd party reseller, they act neither for the Seller or the Buyer. From what I know, if an offer is made for the Asking price, that Buyer has 'won' the right to purchase that contract for the Asking price, and the listing should go to this Buyer first. If the potential Buyer is presenting a lower price, then the Seller has the option to say no.

Who was the reseller in your case? That does sound fishy to me and sounds like your #2 is what may be going on. And the reseller may have advised the Seller that you were bidding +$1 and that they may be able to squeeze an extra $1 or $2 out of you, and if you say no, they have an offer for the asking price already.

sounds fishy to me... but who knows it may be true... I wouldve passed on the deal as well.

I am very depressed about yesterdays saints game, I really thought they would beat the Broncos and now I am waiting out a Hurricane. Saints losing... hurricanes.... I am like Old School New Orleans bu in Yankee territory. Go figure

I've been in bidding wars before with another buyer and it was only after that was concluded that the offer was presented to the seller. I'm pretty sure though that this was because it was a new listing, both of us offered right away and the broker had not had a chance to contact the seller yet. So it can happen.

Thanks for the responses. FYI, the broker was Fidelity. It might have been on the up and up but I backed out anyway. Another will come along eventually.

Sil...stay safe my friend. When I say I know what you're going through, being here in south Mississippi, I mean it. I can go through the alphabet with all the hurricanes I've seen in my 57 years. Sending a prayer your way for you and your family to be safe and sound.

As for the Saints, I don't think there are enough prayers to help them this year. It's about as difficult to understand as Disney's ROFR process! I wonder if it's time to bring out my bag from storage!