im doing it wrong

[num]

I lost a couple Copper Creek contracts to ROFR.
200@$156 then 175@160. My agent sent an email about losing the 2nd contract which i totally missed. I only noticed it today and im kind of drained. Wouldnt they call or text as ive asked? im trying on them to stay on this and keep me informed

Then, when i made another offer on 200pts at $165. they tell me i’d have better luck at $170.

is this typical? im fine without the FOMO Pressure. im at a point where i asked for my deposit back as im kind of over this experience and will just continue renting points.

just looking for a reality check.

 

[Bayoumomof3]

Because Disney is buying up so many contracts right now, this is driving up the price of resale, which is what they want so more people would consider buying Direct. I’m looking for a second contract, but I’m going to wait a bit. I believe prices will go down. They are insane right now.

 

[num]

okay, that makes sense.

good for people selling now as they’re sure to get a good price? but i dont want it THAT bad. i think disney is seeing how far they can push things with cutting so many corners and pushing up so many prices.

my kid is only 2. we have time

i dont think prices will drop, but this at least gives me a reason to reconsider.

 

[Sandisw]

I would pay what you are comfortable paying. We never paid more resale than what we decided we felt was fair. Sometimes it took more than one offer to find a seller who agreed

Brokers will suggest things but if $170 is more than you want, tell them what your best offer is and see what happens.

 

[Brian Noble]

Offer what you think is fair. That's independent of what might or might not be happening with ROFR. In particular, be skeptical of anything a sellers agent tells you about what will and will not pass, because they have incentives to increase the sales price.

It doesn't seem to me that you are doing anything wrong, just that you are a little unlucky and in a bit of a rising market. You don't need to ride that if you don't want to.

 

[davidl81]

Offer what you think is fair. That's independent of what might or might not be happening with ROFR. In particular, be skeptical of anything a sellers agent tells you about what will and will not pass, because they have incentives to increase the sales price.

It doesn't seem to me that you are doing anything wrong, just that you are a little unlucky and in a bit of a rising market. You don't need to ride that if you don't want to.

My personal feeling is that the broker doesn’t care if a contract sells for $5 more, the delta in their revenue is very small over that dollar amount. I think they just see enough ROFR to have a decent feel on the market and they rather sell it to a person than let Disney get it because it’s in their best interest to have buyers who enjoyed the resale experience. But I’m an eternal optimist.

 

[Mellscar1]

Keep trying at the price point you want to pay. There really is no rhyme or reason that I can figure out. Not to rub it in but I, just today, was notified that Disney waived on my copper creek contract for 150 points at $160/point. So it can happen at that price point.

 

[swaysui]

Agree with Mellscar1, mine just past last week for CC and my bid was 161. I didn't think it would pass, but it did. No rhyme or reason. But prior to that one passing I was very sad when my first bid for AKL was taken. Now that I got my CC, I'm seriously considering buying direct next time.

 

[Jimmy Geppetto]

I lost a couple Copper Creek contracts to ROFR.
200@$156 then 175@160. My agent sent an email about losing the 2nd contract which i totally missed. I only noticed it today and im kind of drained. Wouldnt they call or text as ive asked? im trying on them to stay on this and keep me informed

Then, when i made another offer on 200pts at $165. they tell me i’d have better luck at $170.

is this typical? im fine without the FOMO Pressure. im at a point where i asked for my deposit back as im kind of over this experience and will just continue renting points.

just looking for a reality check.

And another broker will tell you’ll have even better luck at $175! Truth is… they don’t know. No one does. A good broker is one who is willing to keep working with you and trying without you going over your max price.

If I had a DVC point for every time a broker told me my contract wouldn’t pass ROFR and it did, I wouldn’t need to buy more contracts.

 

[hetzeltj]

The prices have gone up since I closed on a contact in June. I got it through ROFR at $155/point for 100 points

 

[WxKristin]

I feel you. I had one taken for CCV at $157/point 2 weeks ago. I had the same conversation with Fidelity and $170/point is not where I wanted to be... I certainly didn't want to pay higher than I was comfortable as a reaction to the rejection. I found another CCV contract with a different broker with a use year and point total I liked at $165/point, so we will see how this goes. If this one fails, I may wait and watch what Disney offers for the Grand Floridian direct later this year or just continue to rent points and ultimately go less frequently. My kids are 8 and 5, so prime Disney years, but not our only vacation option.

 

[BillPA]

Check with another broker, there are many, also compare the closing costs they can be hundreds different.

 

[RoseGold]

They are just points. There are millions more. Just keep going. Losing a few contracts isn’t that big of a deal in the long run of the process.

 

[BabyYoda]

I'm working with DVCSales and they are wonderful. I made an offer to a seller and the agent Lori emailed me saying I think it's much too low to pass ROFR but it's your choice, and I said "okay you're right, I am thinking of offering X" and she said I believe the seller wants more but it's totally up to you!

https://dvcsales.com/Edited by Mod to add link