ROFR Thread April to June 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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TroJo

Friend of Rover. Lumbago Weatherman.
Joined
May 2, 2021
…and now we wait. According to this thread we’ve only had one instance of hearing back from ROFR on a Sun\Mon - and it was a SSR that was taken. Guessing we won’t hear much until Tuesday.
 

MAKP2

Earning My Ears
Joined
May 13, 2021
The addonitis struggle is real.



Thanks!!! Asking was 170$ - both my husband and I were pleasantly surprised by the counter. We really weren’t in a hurry since we have 2 other contracts etc. We almost bought BLT direct in 2009. It only took us 12 years!!

fingers crossed on ROFR!!
You’ll be fine my BLT just passed 2.5 weeks ago at $158.50. We just signed and sent the closing docs. Congrats and good luck.
 

MAKP2

Earning My Ears
Joined
May 13, 2021
Who are these people? Actually I could probably guess the exact broker.

You really shouldn't have a huge problem getting a 200pt BLT contract at $160, but it depends on how much time you have to wait if they aren't budging. From what I've seen in the past few months that is a more than fair offer on that type of contract that should pass ROFR. The thing is though at those prices they tend to go in a couple days; many on the market now at $170-$179 have been there for months. BLT is one of the resorts I'm considering and have seen many pop up at nice prices but my issue has been use year :(

It's so weird because I've never had an issue getting them to drop below asking. Maybe it's the broker. My last 3 offers were $10-$13 under asking and they were all accepted without counter (unfortunately for me though, right after each one Disney decided to go on a purchasing frenzy and ROFR'd prices that normally wouldn't have for both contracts I tried to push through).

I'm not in a rush to book and use points though due to the timing of my next trip.
I agreed with you, I think it’s the broker. I got laughed at on my first contract offered on March. The broker wrote that the seller only willing to go under no less than $3. Fortunately I was not in rush and found one that I offered $15 under the asking price. My second contract just last month was $11.50 under and seller paid ‘21 MF. Yes addonitis is real. Almost add the third one if my wife didn’t stop me 😁.
 

Ginamarie

DIS Veteran
Joined
Dec 15, 2005
I agreed with you, I think it’s the broker. I got laughed at on my first contract offered on March. The broker wrote that the seller only willing to go under no less than $3. Fortunately I was not in rush and found one that I offered $15 under the asking price. My second contract just last month was $11.50 under and seller paid ‘21 MF. Yes addonitis is real. Almost add the third one if my wife didn’t stop me 😁.
A few months ago I had a situation where a property was listed much too high. I bid like $18 less than listing price and broker told me “yes, seller wanted this listed high, your offer is way too low, etc” Like two weeks later they wrote back wanting to take my offer but we had already decided to buy direct points and passed on it. Some sellers have unrealistic expectations and have to get a bunch of much lower offers before they decide to sell lower or pull the listing and keep the points for themselves.
I think some brokers play into the high pricing more than others do. As a former real estate broker, I would have always rather had few clients but ones who would list their properties at reasonable prices than more properties with unrealistic sellers— those sellers are always the biggest problem!
i actually had a deal late last year (as real estate attorney not broker) and I turned the client down when he wanted to be unrealistic with how he handled contracts. A friend of mine was the real estate agent on the deal and it wound up being an absolute nightmare- it only closed because the brokers agreed to a reduction in commission money to help the purchaser pay for necessary permits.
 

KAT4DISNEY

Glad to be a test subject
Joined
Mar 17, 2008
A few months ago I had a situation where a property was listed much too high. I bid like $18 less than listing price and broker told me “yes, seller wanted this listed high, your offer is way too low, etc” Like two weeks later they wrote back wanting to take my offer but we had already decided to buy direct points and passed on it. Some sellers have unrealistic expectations and have to get a bunch of much lower offers before they decide to sell lower or pull the listing and keep the points for themselves.
I think some brokers play into the high pricing more than others do. As a former real estate broker, I would have always rather had few clients but ones who would list their properties at reasonable prices than more properties with unrealistic sellers— those sellers are always the biggest problem!
i actually had a deal late last year (as real estate attorney not broker) and I turned the client down when he wanted to be unrealistic with how he handled contracts. A friend of mine was the real estate agent on the deal and it wound up being an absolute nightmare- it only closed because the brokers agreed to a reduction in commission money to help the purchaser pay for necessary permits.
I also had that exact thing a little over 2 years ago. And their contracts sat for quite a bit longer and they reduced until I finally noticed them gone.
 

TT1985

Earning My Ears
Joined
Jun 15, 2021
Changing my strategy here, this one is risky but I think it has a chance.

VdoesDisney---$86.67-$14962.12-150-BRV-Aug-0/20, 300/21, 150/22, sent 6/1

Edited with correct resort, this one is for Boulder Ridge
That is an amazing price! I’m waiting on ROFR now on a 240 point BR contract at $100 per point.. questioning if that was a good deal after seeing this! If you don’t mind me asking- what was the original asking price? Please let us know if this passes!
 

disneyeveryyear

DIS Veteran
Joined
Mar 12, 2003
Sale cancelled, unfortunately. Estoppel came back, and it turned out the sellers owed A LOT. On top of my closing funds, they were going to owe another $6,300. So, they're going to let Disney foreclose. 😖
I am so sorry for you, but that balance is amazing. How much did they pay per point? It doesn't seem like they could have purchased long ago.
 

VdoesDisney

Mouseketeer
Joined
Apr 2, 2021
That is an amazing price! I’m waiting on ROFR now on a 240 point BR contract at $100 per point.. questioning if that was a good deal after seeing this! If you don’t mind me asking- what was the original asking price? Please let us know if this passes!
You definitely have a great deal, I got one of those random deals you have to be incredibly lucky to find, it’s definitely not common and there is a risk it won’t pass ROFR (we should be hearing back this week). What I posted was the listed price, I didn’t try to negotiate.
 
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Joined
Jul 27, 2019
I’m really surprised that they bought back VGF with all the points for sale on the horizon.
I called to add on direct that is one of the few they have a waitlist for and no current inventory. My guide said when they do start selling the increased inventory next year it won’t be at RIV or AUL pricing but at the current sold out pricing or higher. there is a lot of demand for VGF they said
 

KAT4DISNEY

Glad to be a test subject
Joined
Mar 17, 2008
I called to add on direct that is one of the few they have a waitlist for and no current inventory. My guide said when they do start selling the increased inventory next year it won’t be at RIV or AUL pricing but at the current sold out pricing or higher. there is a lot of demand for VGF they said
And "PVB will start selling for $200" and "BLT will sell out in a month before it's available for non-members".

Take a timeshare sales persons info along with a healthy dose of skepticism. There's virtually no chance they know at this point but it's definite they will state that to sell now if you are inquiring about VGF.
 
Joined
Jul 27, 2019
And "PVB will start selling for $200" and "BLT will sell out in a month before it's available for non-members".

Take a timeshare sales persons info along with a healthy dose of skepticism. There's virtually no chance they know at this point but it's definite they will state that to sell now if you are inquiring about VGF.
Absolutely agree! Healthy dose of sceptisim always. At they end of the day, they are sales ppl and they want to tell you what they think they need to to close a deal. That said, I do believe VGF will sell at a premium (likely at current sold out price) especially being that the points will belong to existing condo association. I don’t see them going down on price. Everyone would just wait until next year to buy points which isn’t happening now given the waitlists. If it were a BRV and CCV situation (where CCV was a part of new assoc) I could maybe see some pricing fluctuations
 

mrsclark

DIS Veteran
Joined
May 16, 2013
CORRECTED

I originally showed 2020 points that were banked incorrectly -this is now the corrected data string

mrsclark---$160-$29234-170-BCV-Jun-0/20, 340/21, 170/22, 170/23- sent 6/21

Again my dad is the actual purchaser - I am doing all the research and legwork. We also have a 200 point BCV June UY contract currently going through ROFR.

If you have read any of my other recent threads, you saw that after the 200 point contract we thought we would go direct for 25-50 points if we couldn't find a small resale contract with our UY. Instead, my dad decided he wanted to be able to stay for even more nights and therefore wanted even more points and so we made an offer and it was accepted on this loaded contract!
 
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TT1985

Earning My Ears
Joined
Jun 15, 2021
You definitely have a great deal, I got one of those random deals you have to be incredibly lucky to find, it’s definitely not common and there is a risk it won’t pass ROFR (we should be hearing back this week). What I posted was the listed price, I didn’t try to negotiate.
Wow, that is so amazing! I hope you get past ROFR! They haven’t bought a single BR contract back this year so you might make it! I can’t wait to find out!
 

JEDECEEE

Earning My Ears
Joined
Jun 20, 2021
$129-$22609-160-AKL-Dec-36/20, 320/21, 160/22-Sent 06/14/21

Reading we are on the higher end on what has passed ROFR but it was a little loaded imo for the 21 Dec points coming that they banked from 2020. I am partially nervous because we looked at direct first but paying almost 9000 more for direct is crazy pants imo as well. Well see we are patiently waiting til July 6th which is the 21 day mark before we panic!!!! Here's to the broker we are working with and the title company being a positive experience through and through.
 
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