Didn't pass 1st right of refusal?

[Full of Beans]

Didn't pass BLT at $94 in November 2014. Trying again on another . New to this. Any insight?

 

[KAT4DISNEY]

Sorry to hear that. Only thing is to try again!

 

[Msmithmd]

Find a loaded contract with the ideal number of points and ideal use year. Then offer full asking price, knowing you might pay a couple dollars more than the market bottom, but knowing ROFR is less likely.

The obvious exception being the few contracts you might see on sites like Fidelity that are crazy-priced. Other than those, if time is of the essence just offer full asking.

If money is your priority, you can continue trying to get a great deal and accepting that ROFR becomes more of a possibility.

 

[Full of Beans]

Didn't pass BLT at $94 in November 2014. Trying again on another . New to this. Any insight?

Yeah, I thought the seller would write back and didn't. We offered higher this time. Not crying, just want one.

 

[supersnoop]

Yeah, I thought the seller would write back and didn't. We offered higher this time. Not crying, just want one.

I'm not sure what you mean or expected. When Disney exercises their ROFR, they step in as the buyer and purchase the contract.

 

[Msmithmd]

I'm not sure what you mean or expected. When Disney exercises their ROFR, they step in as the buyer and purchase the contract.

If I understand correctly, they low-bid the contract, expecting a counter, but the seller just accepted the low bid. Then Disney said "thanks" and snatched it.

 

[Sur]

94 is low ball for BLT now?!?! I need to go see the ROFR thread.

 

[dbs1228]

94 is low ball for BLT now?!?! I need to go see the ROFR thread.

Agreed! My niece is waiting for a contract priced at 93.75PP and I thought that was a fair price but certainly not a deal. She is supposed to hear anyday finger crossed.

 

[supersnoop]

94 is low ball for BLT now?!?! I need to go see the ROFR thread.

$94 might be slightly below average, but ROFR isn't based solely on price. Disney just happened to have a buyer for that exact contract at the exact time it hit their desk.

 

[CarolMN]

From what I've seen, the reason for ROFR exercise isn't always just about price. Could be that Disney needs points associated with a particular unit number and the contract being considered matches. Contrary to popular opinion, Disney can't just break up contracts and recombine points willy-nilly.

 

[MountainMouse]

94 is low ball for BLT now?!?! I need to go see the ROFR thread.

Depends on the contract, loaded or stripped, but 94 is a very good price for a loaded BLT and still the going rate for a stripped one. Lots on the ROFR thread in the high 90's to over 100.

 

[WilsonFlyer]

From what I've seen, the reason for ROFR exercise isn't always just about price. Could be that Disney needs points associated with a particular unit number and the contract being considered matches. Contrary to popular opinion, Disney can't just break up contracts and recombine points willy-nilly.

Good information. Didn't know that!

 

[luckyman_apd]

A little over 3 years ago we purchase BLT at $95 a point. That was when the market was near bottom. I thought I might have overpaid a bit, but it was the perfect contract for us so I took it. After an offer and counter offer, we were pretty much told the seller wasn't taking less than 95, so we agreed. It was loaded as well. This news makes me a happy owner that "IF" (and I have no regrets) I needed to sell, I'm not taking a hit at all....plus the use we've gotten out of it

 

[heynowirv]

A little over 3 years ago we purchase BLT at $95 a point. That was when the market was near bottom. I thought I might have overpaid a bit, but it was the perfect contract for us so I took it. After an offer and counter offer, we were pretty much told the seller wasn't taking less than 95, so we agreed. It was loaded as well. This news makes me a happy owner that "IF" (and I have no regrets) I needed to sell, I'm not taking a hit at all....plus the use we've gotten out of it

Not looking to burst your bubble and I hope you're right but the market can/will shift at any time .

 

[Full of Beans]

If I understand correctly, they low-bid the contract, expecting a counter, but the seller just accepted the low bid. Then Disney said "thanks" and snatched it.

Yes. That is what I meant, was willing to pay higher. I researched the average sale price pp 2014 was 94, so that is where I started. We bid on another this week, but the owners aren't responding. How long is reasonable to wait?

 

[Msmithmd]

Yes. That is what I meant, was willing to pay higher. I researched the average sale price pp 2014 was 94, so that is where I started. We bid on another this week, but the owners aren't responding. How long is reasonable to wait?

48 hours. If you haven't heard by then, keep looking. Cancel your bid if you find something for sale that seems better or equal.

If you don't, keep that offer open and prepare yourself for a potentially long closing if they do eventually accept. But not always: of course you have no way of knowing if the seller is on vacation, or has some other equally valid reason to not respond right away.

But generally stated, I would always give an offer at least 48 hours after submission before I considered looking elsewhere.

 

[CarolMN]

Yes. That is what I meant, was willing to pay higher. I researched the average sale price pp 2014 was 94, so that is where I started. We bid on another this week, but the owners aren't responding. How long is reasonable to wait?

48 hours. If you haven't heard by then, keep looking. Cancel your bid if you find something for sale that seems better or equal.

If you don't, keep that offer open and prepare yourself for a potentially long closing if they do eventually accept. But not always: of course you have no way of knowing if the seller is on vacation, or has some other equally valid reason to not respond right away.

IMO, it's a good practice to put a deadline on every offer you make, whether that is 48 hours or some other deadline. That way, once your deadline has passed, you can move on to another with a free conscience. Your broker should be able to tell you if your offer's deadline is unreasonable due to a particular seller's circumstances.

 

[GoofyLo]

I don't think that there is a pattern to Disney excersizing ROFR. It just depends on need. If there are people ready to buy through Disney that want a particular home resort, in this case BLT, they will buy it at the lower price to sell it at current prices. That's why I don't understand why some people are against buying resale. So you can't use points for Adventures. The points are too much, IMO, for Adventures anyway. You're better to rent the points and pay cash. We initially bought through Disney back when it was $92 per point. Our second contract was purchased resale. If we add again, we will def do resale. The price per point buying direct is getting crazy.

 

[Full of Beans]

Thank you.
I think I am going to look at buying a couple smaller contracts. If we get one, we are getting started, if we get two, that's awesome. We plan to build up points as we go, so when we are in the years wanting to go a lot, I can afford the 3 bedroom lake view, and sell off in the years we might not want to go as much anymore. Hard to find 300plus point contracts BLT.

 

[KAT4DISNEY]

Thank you.
I think I am going to look at buying a couple smaller contracts. If we get one, we are getting started, if we get two, that's awesome. We plan to build up points as we go, so when we are in the years wanting to go a lot, I can afford the 3 bedroom lake view, and sell off in the years we might not want to go as much anymore. Hard to find 300plus point contracts BLT.

There's a 300 pointer out there with Dec UY in that range and a larger 391 pt one but that one is overpriced IMO.