Is this doable?

[intertile]

I just made an offer on a vgf contact, and it was accepted. The only issue I have is that I really need to use the points in December for a reservation. I was thinking to offer the seller an increased non-refundable portion of the deposit so that I could have some points transferred into my account before the process started.
If disney rofr, they keep the non-refundable portion. If I don't close, they keep the whole thing, and can still sell the contract.
Is there any reason this couldn't be worked out from a legal standpoint? Or would it create an issue with the closing?
Tia

 

[mort1331]

If you have an existing account to have the points transferred into, then all is good. This must be done before the paperwork is submitted to Disney. If you want them to book the trip for you, then no, you wouldn't be able to close the deal until after they trip so next Dec.

 

[sndral]

Wonder how the sellers would react to the change in the offer. I know I'd have concerns about someone making an offer, then after I accepted learning that the buyer wanted me to renegotiate the terms and strip the contract. Would the 'side agreement' need to be part of the price per point for closing, for ROFR?

 

[supersnoop]

Deals can fall through even after ROFR. As a seller, I'd want to be protected in the event you failed to fund at closing. So, I'd want a high enough price to compensate me for the risk of carrying a stripped contract for another year or two. So, I'd ask for $16-$18/point for the transferred points up front. But, that would reduce the sales price by so much that ROFR would be a real risk. And, remember, stripped contracts tend to sell for only $5-$8/point less than a loaded contract.

Your best bet, in my opinion, would be to rent the reservation you need and buy a stripped contract; or rent out your points after you close to offset the cost.

 

[a742246]

I second supersnoop opinion!