My First DVC Resale Offer.

[Pluto 32]

Hey everyone!

I just placed my first resale offer at BLT which I am 99.9% sure it will get taken back by Disney since it is stripped with no membership dues until 2021. On top of that, I thinks the seller just wants to get rid of it because he is offering it at a pretty low price per point for that resort .

So how does the back up plan work? Do you submit an offer on another contract as well or do you just wait until Disney gives you an answer?

Also, if Disney takes it back, do they take it back at the price the buyer and seller agreed upon or does Disney buy it back at the original price the buyer was asking for?

I’ll keep my fingers crossed and let you know what the result is.

Happy Disney Days! °O°

 

[D-Trick]

do they take it back at the price the buyer and seller agreed upon or does Disney buy it back at the original price the buyer was asking for?

Disney buys it at the agreed selling price. So a seller will always get the amount they were expecting to receive. If the contract is taken in ROFR, then the seller gets a check straight from the house of mouse.

 

[denecarter]

Most people want to get contracts signed asap after an offer is accepted; so, unless you really want that backup contract, too, it would be best to wait until Disney decides whether or not to take it back.

If Disney does buy it back, it will be for the exact deal you negotiated.

 

[Pluto 32]

Most people want to get contracts signed asap after an offer is accepted; so, unless you really want that backup contract, too, it would be best to wait until Disney decides whether or not to take it back.

If Disney does buy it back, it will be for the exact deal you negotiated.

Oh wow now I definitely know they will take it back. I made it way too easy for them. Lol!

 

[Frederic Civish]

I have lost contracts to ROFR before. In one case it was such a good deal that I told the broker that I was VERY concerned about losing it to ROFR, so I made a bid that was $5 per share OVER what the owner was asking. And Disney took it anyway.

Whenever I have lost to ROFR I was right back out putting out another bid, sometimes the very same day, but always withing 2 to 3 days. Until it goes through ROFR, I keep up on the listings, making a list of preferred options, and when the ROFR happens then I am ready to bid again.

ROFR can take a while, sometimes over a month. You just have to wait. But if you put in a bid on another property in the meantime, you could also be responsible for that one, too, or at least lose your down payment on it.

 

[Pluto 32]

I have lost contracts to ROFR before. In one case it was such a good deal that I told the broker that I was VERY concerned about losing it to ROFR, so I made a bid that was $5 per share OVER what the owner was asking. And Disney took it anyway.

Ugh how annoying!

ROFR can take a while, sometimes over a month. You just have to wait. But if you put in a bid on another property in the meantime, you could also be responsible for that one, too, or at least lose your down payment on it.

Great info! Thank you!

 

[scot@dvcstore]

Let’s think positive.........your contract will make it through ROFR! If not you might find a more attractive listing. Good Luck