ROFR Thread April to June 2025 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Brian Noble]

still surprised to see them cracking down on self transfers

I'm not.

Where do you think all of those stripped resale contracts are coming from? Commercial "landlord" buys a contract, transfers everything into another account for later rental, and sells it. Because loaded contracts are undervalued vs. stripped ones, this is a lucrative business model, and it has been going on for years.

If they do not limit self-tranfsers, there is no upper bound on how many times one can do that. So, they are putting an upper bound. Now, a buy-strip-flip operation has to hold at least half of their total number of contracts long enough to dispose of the rental stays. It adds friction of the business model.

 

[ShaneDJ]

jjgraff1404---$43-$20904-350-VBR-June-350/24 (banked from 23, but will probably expire before we get access), 700/25, 350/26, 350/27, sent 4/4, hoping to get access right under the gun for the potential banked 2023 (350 points).

From post #1, please use the URL string formatter:


If you would like me to post your details, PLEASE USE THE FOLLOWING LINK TO GENERATE YOUR DATA STRING OR I CANNOT ADD YOU (yes, I am being totally mean this round, as with all rounds!):

https://rofr.scubacat.net

Just plug in all of the relevant data and post the resulting string in its entirety.

 

[jjgraff1404]

jjgraff1404---$43-$20904-350-VB-Jun-0/23, 350/24, 700/25, 350/26- sent 4/4

 

[jjgraff1404]

Thank you for the clarification, sorry for the original post and I have updated it in both places

 

[intamin]

I'm not.

Where do you think all of those stripped resale contracts are coming from? Commercial "landlord" buys a contract, transfers everything into another account for later rental, and sells it. Because loaded contracts are undervalued vs. stripped ones, this is a lucrative business model, and it has been going on for years.

If they do not limit self-tranfsers, there is no upper bound on how many times one can do that. So, they are putting an upper bound. Now, a buy-strip-flip operation has to hold at least half of their total number of contracts long enough to dispose of the rental stays. It adds friction of the business model.

That's fair, I was thinking of it more from being a user friendly standpoint rather than a war against commercial renting/flipping contracts but that makes sense

 

[VGCgroupie]

That's fair, I was thinking of it more from being a user friendly standpoint rather than a war against commercial renting/flipping contracts but that makes sense

I hope they are doing more than just this to combat the commercial renting problem. Would suck if this is their only strategy.

 

[intamin]

I hope they are doing more than just this to combat the commercial renting problem. Would suck if this is their only strategy.

I hope so too but I imagine this is just one of many ways to crack down on them.

 

[Brian Noble]

If they follow the playbook of other developers, it will be death by 1,000 cuts, plus some very targeted and high-profile enforcement.

Unfortunately, those 1,000 cuts are indiscriminate.

 

[Arbogast]

So it has been almost a week and the seller still had not notarized her documents. Is this normal? How long does it typically take? Thanks

 

[VGCgroupie]

So it has been almost a week and the seller still had not notarized her documents. Is this normal? How long does it typically take? Thanks

Some people just aren't in a rush unfortunately. There is no real standard timeframe as every person is different. Me.. if I were selling Id be on it and get it done asap because I would want my cash

 

[CastAStone]

So it has been almost a week and the seller still had not notarized her documents. Is this normal? How long does it typically take? Thanks

Unfortunately it’s not that weird.

 

[TheDailyMoo]

were you able to get the Seller to pay closing also? If so, what a UNICORN purchase, if not, still pretty darn good that they are willing to forgo 2025 dues reimb. Did you use the url string?

Nope it was late at night and I forgot to add the closing will edit now! Used Mason Title for the first time instead of Cammy because they were still taking the full purchase price on credit card. I do now see they may be slightly slower than DVC Title and I'm chomping at the bit to get those points loaded to swap out for my July trip so I can reallocate my BC points to next April. Gonna be close.

 

[AstroBlasters]

Unfortunately it’s not that weird.

Especially if there is more than one owner or if it’s in a trust/LLC….

Also, people could be away on vacation or a work trip….