And ROFR monster wins!Whitneyleigh10---$126-$21933-160-SSR-Dec-0/20, 0/21, 206/22, 160/23-Seller pays closing- sent 5/4
Awaiting my bad news from ROFR monster but if it passes it’s a heck of a deal in my eyes
OM NOM NOM!
That doesn't bode well for my buyer.
Come on now, do share the details.
I’ve had a couple of… “encounters” recently. One person insisted that the 7 and 11 month booking windows were determined by UY rather than trip date if you own more than one contract.Come on now, do share the details.
It takes all kinds to make the world go 'round.
@princesscinderella - Wow that's a great deal for the Poly! Do you mind me asking how many points was the contract?
what was the size and UY of your contract if you don't mind me asking?
It is a 230 point Sept UY with a year of banked points.
It’s a 135 point contract. The details are in the 1/22-3/22 ROFR thread. It was listed at $159 and was sitting for a while so I put in a lowball offer and they accepted
I agree with what you're saying about the economic value to a point, but one other consideration is in play with DVC and that is where the ROFR floor is at. For every resort, even ones in active sales, at any given time, DVC has a limit where they'll ROFR. I don't know if anyone has ever hit that number with Aulani, but a number exists, I'm sure. I find it all interesting, especially to go back and look at ROFR threads from several years ago and compare them to now. I look at $105pp for Aulani and don't consider that lowball knowing someone else got through ROFR $70 pp not long ago when the average was in the $80-$95 range. IMO, no one should be paying more than $105 for Aulani bc it'll pass. Maybe a little more for subsidized.
For sure bidding on a contract for a resort that doesn't exercise ROFR makes it easier to send lower offers. I'd consider it a badge of honor if they ROFRd this Aulani contract since it would be an anomaly haha. But ROFR doesn't change the economic value of a contract for a purposed buyer, just confirms that there is another buyer willing to pay the same price. ROFR definitely affects the market value for those who would rather not risk it. I agree that my offer wasn't a lowball offer as that's what I was willing to pay. But in comparison to other sold contracts and current inventory it is on the lower side of things. Timing is everything.
We just lost SSR at $138-Our first lost to ROFR and that was the longest month ever and don’t want to play the game. When I sat down with my husband and realized that instead of going $145 to get SSR to pass(maybe), we could bid low on Poly- our favorite resort for only $18 more it was a no brainer. Put the low bid in at $163 with them paying closing and they took it. The international seller contracts are harder to come by and poly is what we have always actually wanted- and it’s expiration is 12 years longer.
When you say “awhile” what timeframe would you consider constitutes that haha? I’ve had my eyes on a Poly contract that’s been sitting but not sure whether it’s been long enough/“awhile” to warrant the lowball I’d like to make. I need something to substantiate my thought process and give me some courage to roll the dice lolIt’s a 135 point contract. The details are in the 1/22-3/22 ROFR thread. It was listed at $159 and was sitting for a while so I put in a lowball offer and they accepted
But doesn’t the fact that you had 10 offers rejected indicate that buyers willing to accept $20 less than listed are not incredibly numerous? I think most of these low priced offer acceptances are a result of so many Aulani contracts being on the market right now. As we all know, it’s currently a buyers’ market, but I don’t think it will last forever.
