ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Bmramaut]

Shutting it down early is very different than giving a long song and dance to the bidder on why they are way off. I have no problem with a broker simply saying “sorry seller won’t go that low” versus trying to tell bidders they are wrong, borderline crazy and “will never get it at that price”. Or even better “that will never pass ROFR if you get that price”.

So who is giving who wrong information?

Sorry for my rant but IMO there are far more disrespectful brokers than there are unrealistic bidders in this space.

THIS. Buyers want the best price and I’m not going to “put myself in the sellers shoes” when I offer. I’m here to negotiate and we can both walk away and move on if we are too far apart. Stop with the condescending responses.

 

[lilsonicfan]

$88 is absolute theft for that if I’m reading it right and that’s a triple point contract. You could rent 3 years of points out and get it for basically ~$38 a point.

So imagine getting it for $68 LOL

 

[intamin]

$88 is absolute theft for that if I’m reading it right and that’s a triple point contract. You could rent 3 years of points out and get it for basically ~$38 a point.

I'm not saying it's not a good deal for the buyer, I'm just saying it's in line with what's been posted on here lately

 

[rspencer38]

$88 is absolute theft for that if I’m reading it right and that’s a triple point contract. You could rent 3 years of points out and get it for basically ~$38 a point.

Basically what my accepted offer was - $90 on a 200 pt SSR contract with 400 for 22 and then full points moving forward from 2023. Basically 400 points for free that we intend to rent and make back a good chunk to reduce our effective price down to sub $60 per point range.

 

[scott2hotti]

Basically what my accepted offer was - $90 on a 200 pt SSR contract with 400 for 22 and then full points moving forward from 2023. Basically 400 points for free that we intend to rent and make back a good chunk to reduce our effective price down to sub $60 per point range.

Same here, that’s how we looked at it.

 

[Cyberc1978]

Shutting it down early is very different than giving a long song and dance to the bidder on why they are way off. I have no problem with a broker simply saying “sorry seller won’t go that low” versus trying to tell bidders they are wrong, borderline crazy and “will never get it at that price”. Or even better “that will never pass ROFR if you get that price”.

So who is giving who wrong information?

Sorry for my rant but IMO there are far more disrespectful brokers than there are unrealistic bidders in this space.

THIS. Buyers want the best price and I’m not going to “put myself in the sellers shoes” when I offer. I’m here to negotiate and we can both walk away and move on if we are too far apart. Stop with the condescending responses.

I totally agree, luckily most brokers are at least to me forthcoming when I had presented what they believe is low ball offers.

I am not sure about that piece...but, they do have a job and that is trying to sell contracts....so, I get where they may be coming from in trying to convince a buyer that it is unrealistic...at least from their perspective.

As a buyer, it never bothered me, but then again, every time I put in a low ball offer I always stated, I know this is way low, has a low chance of being accepted, but this is where I am at, and if you would like to prevent it to the seller, great...if the seller isn't entertaining low offers, fine too.

I do also think that those who do frequent this board, and see some of the low offers that have been accepted, do see these as "market" and thus look at the selling prices as way off...but some of the data that has been gathered from the actual OCC website, has supported that many contracts out there at certain results are in fact, on average, selling for higher than some of the great deals here.

Unfortunately there are a few brokers that are very arrogant, and even if their job is to sell contracts why on earth are they behaving arrogantly, they are scaring buyers away - in the end sellers too.

When I need to sell a contract would I use a broker that treated me arrogantly in the past or one who treated me with just common courtesy and respect?

A rejection can be presented in 100 of different ways, even if buyers are unrealistic (according to the broker) .

I must say that I'm bothered about it, because that's just not how I talk to other people.

I haven't looked at the OCC data for awhile, but I think you are correct. However this board and this thread particularly is the culprit why we buyers continuously try to get a good deal with low ball offers. But this thread is also the culprit of why the majority of buyers purchase at a realistic price.

Some brokers still think that a realistic selling price for SSR is around $130-$140 pp, it definitely was 12-18 months ago. I do understand why they continue to think that - a lower selling price cuts directly into their commission and mostly likely their monthly wages too as they are linked. In this financial situation most people tend to ask for pay raises (at least in my country) and not to cut their wages.

 

[Mitchins]

Mitchins---$105-$11786-100-OKW(E)-Jun-100/21, 100/22, 100/23, 100/24- sent 3/30, passed 4/6

 

[pianomanzano]

It seems like the broker no doubt knows exactly how motivated his seller is, and how interested or disinterested they might be in a lowball offer. In that case, shutting it down early saves everyone‘s time.

To me it sounds like a bad way of doing business. They don’t always know seller motivations, or those motivations could change at any time. One thing for certain they know is the commission they’ll make. And if they “shut it down early”, they could miss out on a sale entirely. Based on some of the snarky ways brokers have been responding to offers (and the dismissal of the ROFR thread in general by some brokers as false and misleading), I’m sure it’s more of self interest in their commissions than anything else.

My last two contracts I lowballed and the broker presented the offer but cautioned to expect a counter. Both times I didn’t get a counter and they simply accepted. One was sitting on the market for 11 months, so one would presume the broker had an idea of the seller’s motivations and had the broker dismissed/ignored/chastised my offer then it’d probably still be sitting there.

All they need to be doing is presenting the offer along with any advice they want to suggest to the seller, no need to dismiss buyers. Ironically their line of putting yourself in the seller’s shoes would be more apt for the brokers themselves. A buyer is more likely to be the repeat customer either for add-on points or to sell a contract. Based on these threads it sounds like buyers are more likely to remember the snarky and dismissive attitudes of brokers and not do business with them in the future.

 

[Sandisw]

I totally agree, luckily most brokers are at least to me forthcoming when I had presented what they believe is low ball offers.



Unfortunately there are a few brokers that are very arrogant, and even if their job is to sell contracts why on earth are they behaving arrogantly, they are scaring buyers away - in the end sellers too.

When I need to sell a contract would I use a broker that treated me arrogantly in the past or one who treated me with just common courtesy and respect?

A rejection can be presented in 100 of different ways, even if buyers are unrealistic (according to the broker) .

I must say that I'm bothered about it, because that's just not how I talk to other people.

I haven't looked at the OCC data for awhile, but I think you are correct. However this board and this thread particularly is the culprit why we buyers continuously try to get a good deal with low ball offers. But this thread is also the culprit of why the majority of buyers purchase at a realistic price.

Some brokers still think that a realistic selling price for SSR is around $130-$140 pp, it definitely was 12-18 months ago. I do understand why they continue to think that - a lower selling price cuts directly into their commission and mostly likely their monthly wages too as they are linked. In this financial situation most people tend to ask for pay raises (at least in my country) and not to cut their wages.

My point, and maybe it’s just me, but I just know people have different ways of customer service and it never bothered me because if what I wanted, didn’t match what they were telling me, I just said, “maybe you are right, but this is where I am.”

Whether it is buying DVC or leasing my next car…and that is why when people ask “ Is this a good deal”, my answer is always if it is what you want, and fits your needs, and you think it’s fair, then it is a good deal.

 

[DonMacGregor]

I don’t want to sound like a tool, but for me, unlike a home real estate agent, someone who is merely facilitating a timeshare resale transaction is simply providing me a service, just like the guy who cuts my grass or cleans my pool. If I’m going to drop $15-$20k cash on a purchase, I’m not really interested in how someone who has maybe $1-$2k worth of skin in the game (that they’re doing almost nothing for) feels.

 

[HIRyeDVC]

I am not sure about that piece...but, they do have a job and that is trying to sell contracts....so, I get where they may be coming from in trying to convince a buyer that it is unrealistic...at least from their perspective.

As a buyer, it never bothered me, but then again, every time I put in a low ball offer I always stated, I know this is way low, has a low chance of being accepted, but this is where I am at, and if you would like to prevent it to the seller, great...if the seller isn't entertaining low offers, fine too.

I do also think that those who do frequent this board, and see some of the low offers that have been accepted, do see these as "market" and thus look at the selling prices as way off...but some of the data that has been gathered from the actual OCC website, has supported that many contracts out there at certain results are in fact, on average, selling for higher than some of the great deals here.

I just don’t understand why a broker doesn’t simply say in a polite way that the seller isn’t interested and move on to not waste anyone’s time. I think we all mostly understand that some of the great deals happening on this board are outliers but it also shows what’s possible. If offers are getting accepted at some really low prices, brokers can’t fault buyers from trying. It’s just not professional and not good for business IMO.

 

[Sandisw]

I just don’t understand why a broker doesn’t simply say in a polite way that the seller isn’t interested and move on to not waste anyone’s time. I think we all mostly understand that some of the great deals happening on this board are outliers but it also shows what’s possible. If offers are getting accepted at some really low prices, brokers can’t fault buyers from trying. It’s just not professional and not good for business IMO.

I agree that a broker risks offending people with their attitude which can result in losing busines. That is on them.

Maybe my point was that i don’t think it’s a big deal and have dealt with many brokers, some more gruff then others, and it just wasn’t an issue for me because I went in knowing that what I might want was not the norm.

I don’t fault them for sharing their opinions because that is their job. If they didn’t want to take my low offer I moved on.

As I said, I do think that some people come here and may see this ROFR thread as the end all be all, when it does represent a very small fraction of the market.

 

[DavidMagic]

I agree that a broker risks offending people with their attitude which can result in losing busines. That is on them.

Maybe my point was that i don’t think it’s a big deal and have dealt with many brokers, some more gruff then others, and it just wasn’t an issue for me because I went in knowing that what I might want was not the norm.

I don’t fault them for sharing their opinions because that is their job. If they didn’t want to take my low offer I moved on.

As I said, I do think that some people come here and may see this ROFR thread as the end all be all, when it does represent a very small fraction of the market.

100 times this. Imagine if you went and bought an SSR stripped at like $120 a point recently before you knew of this board existence, then find it, and realize you didn't get a "unicorn deal" which means you probably won't post here. Alternatively the millions of points sold for folks who never even look at forums in general. We don't get to see those sales which is why the "average" reports from popular brokers are definitely accurate to the market as a whole.

 

[Epcot Forever Forever]

100 times this. Imagine if you went and bought an SSR stripped at like $120 a point recently before you knew of this board existence, then find it, and realize you didn't get a "unicorn deal" which means you probably won't post here. Alternatively the millions of points sold for folks who never even look at forums in general. We don't get to see those sales which is why the "average" reports from popular brokers are definitely accurate to the market as a whole.

You can see what has sold recently on the Orange County site for the full picture but it’s 2-4 months between the offer being accepted and the contract posting to the site.

 

[WImouse]

WImouse---$116-$25484-200-BCV-Feb-0/22, 200/23, 200/24, 200/25- sent 4/14

 

[RMon2898]

RMon2898---$99-$21490-200-AKV-Dec-330/22, 200/23, 200/24- sent 4/13

 

[JenniLuvsDisneyWorld]

Ugh. Still waiting to hear from RoFr on our contract that was sent 3/27

 

[Bambi19]

I FINALLY had an offer accepted! So excited!
The addontitis hit me hard!
Will post once it's sent to Dis!

 

[disney-inspired]

Ugh. Still waiting to hear from RoFr on our contract that was sent 3/27

Did you ever confirm it was really sent on 3/27 and not 4/6? Both of mine were sent to ROFR after I made the deposit.
I'm waiting on my 2nd one to pass (sent 4/6).

 

[JenniLuvsDisneyWorld]

Did you ever confirm it was really sent on 3/27 and not 4/6? Both of mine were sent to ROFR after I made the deposit.
I'm waiting on my 2nd one to pass (sent 4/6).

I emailed my broker and asked specifically if it was sent 3/27 and she said it was. I’m still suspicious as my deposit with the closing company wasn’t charged until the 6th
I don’t know why she would lie, but it doesn’t make sense for the deposit to be charged so long after it being sent to RoFr.