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

[Smudge1100]

Has anybody heard anything this week with ROFR? We sent in on the 16th on the first one, seemed to be quite a few around the 10th-12th mark going through last week!

 

[Jayunit09]

Sent in the 18th and only got an email yesterday updating that they are still deciding.

My rep said they have been typically making decisions on Tuesday-Thursday so maybe some will hear in the next 24 hours?

Good luck!

 

[Jimmy Geppetto]

i have severe addonitis! what is the cure?

Only cure they’ve uncovered so far is to buy more points.

 

[DKZB]

Only cure they’ve uncovered so far is to buy more points.

Not really a cure, just temporarily satisfies the beast!

 

[AnnaKristoff2013]

Looks like dvc resale market is finally starting to catch up to Fidelity (and maybe the sellers/brokers there are realizing that they are not going to move contracts at their currently inflated prices). As of this morning there is a stripped SSR contract listed for $96, a couple of 200ish point contracts for $100, and some $104’s.

 

[Smudge1100]

Looks like dvc resale market is finally starting to catch up to Fidelity (and maybe the sellers/brokers there are realizing that they are not going to move contracts at their currently inflated prices). As of this morning there is a stripped SSR contract listed for $96, a couple of 200ish point contracts for $100, and some $104’s.

I struggled at first with them but managed to get two offers in on contracts last month. We were told on a couple of occasions they couldn’t present offers to sellers even though the offers were still (I think) very fair! In the end we jumped on listing that we’re put on that same day, they were way more realistic than the sellers sat for a month plus!

 

[Pooh's-Honey-Pot]

Has anybody heard anything this week with ROFR? We sent in on the 16th on the first one, seemed to be quite a few around the 10th-12th mark going through last week!

No… I’m on day 15 and I’ve seen a couple go through this fast so refreshing emails every three seconds

 

[Smudge1100]

No… I’m on day 15 and I’ve seen a couple go through this fast so refreshing emails every three seconds

I absolutely feel your pain I’m doing the exact same! It seemed an influx went through last week, so I’m hoping we see the same again

 

[DKZB]

I struggled at first with them but managed to get two offers in on contracts last month. We were told on a couple of occasions they couldn’t present offers to sellers even though the offers were still (I think) very fair! In the end we jumped on listing that we’re put on that same day, they were way more realistic than the sellers sat for a month plus!

I think it relates to their "instant sale" pricing. For some resorts it is very close to actual FMV (BLT for example is in the mid $140s less Closing Costs) and other resorts it is well below market (CC for example is in the high $130s less closing costs). Broker price is almost always wayyyy inflated IMHO.

 

[Brian Noble]

I think it relates to their "instant sale" pricing.

I hadn't thought of that, but it makes perfect sense. If the listing is still in the instant-sale lock period, there is no point in presenting an offer below that, because the seller can always get more by just telling the broker to take it.

 

[theplanets14]

I hadn't thought of that, but it makes perfect sense. If the listing is still in the instant-sale lock period, there is no point in presenting an offer below that, because the seller can always get more by just telling the broker to take it.

Can you reach out to an agent/broker and tell them what you are looking for as a buyer?

Also is there a way you can sort at the sponsor site by date listed?

i.e. let's say someone is looking for an SSR contract- there are over 500 to chose from. Wouldn't the broker have a better idea of who is willing to budge at a lower price vs who isn't? Making an offer on one contract at a time just to see if it is accepted is exhausting with the inventory so high

 

[sweet_pea]

Has anybody heard anything this week with ROFR? We sent in on the 16th on the first one, seemed to be quite a few around the 10th-12th mark going through last week!

I was going to ask the same thing! Ours was submitted on the 15th for a Copper Creek contract. I've been monitoring this board hoping to see activity this week for around those dates. I know there have been some recent ROFRs on CC resort, so holding my breath and hoping we get an email soon saying we passed. Good luck with yours!

 

[naman1221]

Can you reach out to an agent/broker and tell them what you are looking for as a buyer?

Also is there a way you can sort at the sponsor site by date listed?

i.e. let's say someone is looking for an SSR contract- there are over 500 to chose from. Wouldn't the broker have a better idea of who is willing to budge at a lower price vs who isn't? Making an offer on one contract at a time just to see if it is accepted is exhausting with the inventory so high

Most brokers I have said something like this to just tell me to keep an eye on their site or sign up for their newsletter. I am in the same conundrum as I am looking for a specific use year/resort combo and all the remaining contracts are priced super high.

There was one about a week ago but I was too slow and it sold at the exact price I was going to offer.

 

[theplanets14]

Most brokers I have said something like this to just tell me to keep an eye on their site or sign up for their newsletter. I am in the same conundrum as I am looking for a specific use year/resort combo and all the remaining contracts are priced super high.

There was one about a week ago but I was too slow and it sold at the exact price I was going to offer.

Lame. You would think the brokers would be motivated to move contracts.

 

[TinkB278]

The market is so weird right now. Some contracts are being listed reflecting a reasonable price given the oversupply of contracts, most are posted too high still reflecting prices that were reasonable a few months ago, and some brand new contracts are being posted wanting outrageous prices. I’m looking for a small AKV contract and two of the most recent I’ve seen posted are asking for $150-160/point!! These weren’t loaded contracts or anything…. Not sure what people are thinking.

 

[Sandisw]

The market is so weird right now. Some contracts are being listed reflecting a reasonable price given the oversupply of contracts, most are posted too high still reflecting prices that were reasonable a few months ago, and some brand new contracts are being posted wanting outrageous prices. I’m looking for a small AKV contract and two of the most recent I’ve seen posted are asking for $150-160/point!! These weren’t loaded contracts or anything…. Not sure what people are thinking.

It could just be people who are not in any rush to sell or testing the waters.

Only the seller knows how fast they want it to sell. Some are content to wait and hope the market goes back up.

 

[TinkB278]

It could just be people who are not in any rush to sell or testing the waters.

Only the seller knows how fast they want it to sell. Some are content to wait and hope the market goes back up.

Right. It just seems bizarre to me to list a contract at $160/point when similar contracts at $140/point have been sitting for over a month…

 

[naman1221]

It could just be people who are not in any rush to sell or testing the waters.

Only the seller knows how fast they want it to sell. Some are content to wait and hope the market goes back up.

Yes this is definitely what it is. If a contract has been on the market for awhile, chances are it is just because they are not super motivated to sell. If you want a good deal, chances are you will need to jump on it almost immediately after listing and hope its a motivated seller.

 

[linzjane88]

i have severe addonitis! what is the cure?

More cowbell!

 

[HIRyeDVC]

i have severe addonitis! what is the cure?

Dues. And a threatening wife. I still look everyday though. Sometimes the wife makes me feel like I'm watching porn on the internet when in reality, I'm checking DVC resale prices.....