Originally posted by majimikate
Can anyone share what they recently have passed ROFR for with an OKW resale? We are thnking about bidding on 2 different listings and would like to hear about any other's successes...thank you!! (The listings are at $73 $75 points respectively, one with a Dec UY, points intact, the other for a Feb UY, some '05 points left. We would reimburse of course, for all unused points we received.) Thank you!!
Go to the last couple of pages on the ROFR thread...two people just passed there yesterday...but, I cannot remember at what. That thread is REALLY long, but it is the most recent news of what people have been going through on ROFR...it is VERY worth your read if you are looking.
Here's my summary. It seems that EVERYTHING at $73 or greater has passed, except for poor Amybeth, who got TWO of her OKW contracts taken, one at $73. It seems when she was trying to buy, that
DVC (for whatever reason) wanted OKW April UY. A whole bunch of them got bought back that week. Lately, OKW seems to be passing. I spoke to my realtor (we are impatiently waiting on ROFR right now, as well), and she said the ONLY contract she has had bought back at $73 or higher was Ambeth's. But, she said it seems that DVC's new strategy is to hold pending contracts at each resort in "groups" together and assess them as a group rather than individually. That seems to be holding true, as you will notice that people find out in "clumps" all at the same resort on the same day (yesterday must've been OKW day). Now, whether DVC is taking the "cheapest" ones and buying them back (kind of seeing the "best" deal thing), or whether they are "filling" waitlist orders (which I kind of doubt...based on the fact that I sat on a rather LONG waitlist (I was number 2 of MANY) for two months and DVC did not buy contracts when it had the chance...for which, I was VERY happy, as I knew some people trying to get through ROFR at the time), I do not know. I, personally would say that DVC is NOT looking at waitlists...but, there are others who would disagree with me on that.
I know this is REALLY long, and maybe not what you are looking for....but, my point is this. There really is no "MAGIC" number at which your contract will not be taken. Certainly, $78 per point is a LOT less likely than $72...but, why pay that if you don't need to. My advice would be bid $73 if you are a "risk-taker", and $74 or higher if you want a "pretty-sure-thing". If you are REALLY nervous, and really want THESE contracts...bid $76 or more. But, I think you will be a lot healthier through this entire process if you just say, "If I don't get these...there will be others." ...which is SOOOO hard to do!!!
Anyway....check the thread....and, good luck to you!!!
Beca
