ROFR Thread Jan to March 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[LittleBitGoofy]

I received another "scolding" from an agent as well for my low offer ($90/pt SSR). Had to tell them we already own multiple contracts and I'm well aware what the market is currently sitting at and what contracts are going for and that my offer stood as is.

Our agent didn't scold us even though we were offering well below list, but she did say that from her data points she was seeing BCV at 135-138, so our offer at 120 was well below that. I was okay with that (reading here I was seeing #s closer to what we offered vs her data) and it worked out great, so far at least.

After the seller accepted our offer she said it was the lowest she had seen, but I thought I saw someone get a seller to accept below 120 recently, so who knows.

 

[Sandisw]

Our agent didn't scold us even though we were offering well below list, but she did say that from her data points she was seeing BCV at 135-138, so our offer at 120 was well below that. I was okay with that (reading here I was seeing #s closer to what we offered vs her data) and it worked out great, so far at least.

After the seller accepted our offer she said it was the lowest she had seen, but I thought I saw someone get a seller to accept below 120 recently, so who knows.

I am sure most agents only track the sales at their company and not others so that lower offer may not have been with them.

I guess I have been lucky because I have put in a few low offers lately, and said that from the stsrt it was low and wasn’t expecting to get accepted. Everyone was pleasant, presented and cam back with counters…that I didn’t accept.

 

[Electron_si]

I just sent an email to our title company requesting our documents be expedited (very nicely) as we are looking to travel in September. They are known for being one of the slowest here to generate closing docs.

We will see if it works or if I get the standard 2-3 weeks.

 

[wilkydelts]

Serious question, why are your documents more important than anyone else who is currently waiting.

 

[ocdb8r1]

From the posts here, I am seeing an acceleration in accepted offers at a much wider gap from listed pricing. Listed pricing has dipped a bit over the past two months, but not nearly as much as the accepted offers seen in the last 2-3 weeks here. My read of the tea leaves is that brokers are advising sellers to keep listed prices higher (or just failing to advise sellers to change their pricing at all) while at the same time both brokers and sellers are starting to be more realistic about offers.

 

[Electron_si]

Serious question, why are your documents more important than anyone else who is currently waiting.

Serious answer: They aren’t

We are trying to book a trip in September so I reached out and politely asked for consideration. Probably won’t work but worth a shot.

If we were with another title company that returns docs within a few days I wouldn’t have made a request but Magic seems to be taking 2+ weeks to generate closing docs and that’s who our broker wanted us to use. I didn’t realize I could choose a title company when I submitted my offer.

 

[Sandisw]

Serious question, why are your documents more important than anyone else who is currently waiting.

Honestly, it’s no different than those that call MS to load points and get the CMs to do it..it jumps the que

Guilty as charged with that one.

 

[Ruttangel]

I think they are going to add this in their signature very soon

Updated!

 

[MFMont]

I am in the process of searching out several contracts and I have a very specific set of parameters to follow. I made an offer on a contract with a broker that I had worked with in the past. I get back some touchy feely response of how I offended the buyer and wasted their valuable time. What time? It takes roughly 23 seconds to look at an offer and type "no" if you are so inclined. In reality it was likely the broker that was offended and who's time was wasted. Sorry, that is your job, stop wasting extra time by making it personal. Either way it is certainly not accomplishing anything. I have not suddenly decided to spend $10 more per point by this diatribe.

 

[Herding_Cats]

one month ago, a broker told me " the market is very strong and prices are great, they are just not at the point where a seller will accept $40 -50 less for a listing." (I offered $100pp on a SSR listed for $142pp.) And 3 weeks later they dropped their price to a few dollars less than what they countered. It appears it has since sold or been pulled.

 

[Leight19]

Serious question, why are your documents more important than anyone else who is currently waiting.

As a counter to this I’m someone who just got my closing documents almost 3 weeks after passing rofr and estoppel. I’m in no rush since not booking anything until mid 2024 and I would be perfectly fine waiting bit longer if they prioritized someone with more time constraints.

 

[sleepymouse]

I too was politely “educated” on one of my first offers as well as told by 2 different agents that there was no way I was getting AUL for $90. I am closing soon on an AUL contract for $90pp.

 

[Jimmy Geppetto]

Serious question, why are your documents more important than anyone else who is currently waiting.

I’d rather have DVC owners who can get their points and use them rather than Disney getting access to unused inventory at 60 days. Can’t blame PP for trying/asking. I would too.

2-3 weeks turnaround time is ridiculous anyways. We should be holding title companies more accountable especially when we as buyers are paying.

 

[CVG]

A broker from the board sponsor tried to tell me that OKW 2042 at $95 was fantastic and hadn't I seen it was $125 6 mo ago.

To suggest that they don't monitor the whole market would shock me. Especially as many of them post on this forum!

 

[Electron_si]

I’d rather have DVC owners who can get their points and use them rather than Disney getting access to unused inventory at 60 days. Can’t blame PP for trying/asking. I would too.

2-3 weeks turnaround time is ridiculous anyways. We should be holding title companies more accountable especially when we as buyers are paying.

Totally agreed. I can’t understand how most title companies are doing 1-3 day turn around on paperwork and this one is taking 2-3 weeks. In our email from the Broker they said to expect 14-21 business days which could be as much as 30 calendar days.

I wish I would have known to request a different title company when I submitted the offer.

 

[Bmramaut]

I also had a shaming response with a broker. They can sit on those contracts I am not interested.

 

[Chanes96]

Chanes---$90-$12000-120-SSR-Mar-0/22, 240/23, 120/24-We pay maintenance23- sent 3/17

ABSOLUTELY OUR LAST ONEEEE
we will have 470 points in total and we bought our first contract last September

 

[AnnaKristoff2013]

I received another "scolding" from an agent as well for my low offer ($90/pt SSR). Had to tell them we already own multiple contracts and I'm well aware what the market is currently sitting at and what contracts are going for and that my offer stood as is.

$90 isn't even "low" for SSR right now, it's probably just slightly below average. There's an $80 SSR posted upthread.

Edit: Lol, I made this post before reading the post literally above mine, with someone who got it for $90. Case in point!

 

[MrBurnsNotice]

Chanes---$90-$12000-120-SSR-Mar-0/22, 240/23, 120/24-We pay maintenance23- sent 3/17

ABSOLUTELY OUR LAST ONEEEE
we will have 420 points in total and we bought our first contract last September

Do you mind me asking what the list price was? I keep trying on 120s and 130s with double points and can't seem to get anyone below 100 lately. Gonna keep trying though!!

 

[timff18]

Totally agreed. I can’t understand how most title companies are doing 1-3 day turn around on paperwork and this one is taking 2-3 weeks. In our email from the Broker they said to expect 14-21 business days which could be as much as 30 calendar days.

I wish I would have known to request a different title company when I submitted the offer.

Mason had our closing documents within 24 hours of passing ROFR.

It is the sellers that dragged their feet with returning the signed documents.

For anyone following my saga - i was told that the sellers returned the documents today (closing date in the contract is March 20th).