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

[DisneyTakeAllMyMoney]

My research pool is admittedly small, but I didn't notice any significant difference in closing cost estimates between the different brokers (granted, they are just estimates). The closing cost was always associated with the total price of the contract. I thought Fidelity just uses this admin fee model to keep costs a little lower on the seller side compared to other brokers (that is a wild guess).

Here are 3 of my most recent aulani examples in the past few months - 240 point Aul https://www.fidelityresales.com/ and closing costs were $650 plus $225 admin fee - $875 total. 200 point (lower) from https://www.**********.com/ and my closing costs are $1,100. My 3rd aulani had even lower points/price - 170 points from https://www.****************.com/ and the closing costs are $937, still higher than my 240 point from fidelity with the admin fee included as "closing costs" Edit - those are all different brokers

 

[elenex]

Here are 3 of my most recent aulani examples in the past few months - 240 point Aul https://www.fidelityresales.com/ and closing costs were $650 plus $225 admin fee - $875 total. 200 point (lower) from https://www.**********.com/ and my closing costs are $1,100. My 3rd aulani had even lower points/price - 170 points from https://www.****************.com/ and the closing costs are $937, still higher than my 240 point from fidelity with the admin fee included as "closing costs" Edit - those are all different brokers

This is great info. I've bought all 3 of my resale contracts with fidelity and been "lucky" with all positive experiences, but I've resented that fee since they added it. Going forward with this information, I feel better about paying it.

 

[Chili327]

Here are 3 of my most recent Aulani examples in the past few months

• 240 point Aul https://www.fidelityresales.com/ and closing costs were $650 plus $225 admin fee - $875 total.
• 200 point (lower) from https://www.**********.com/ and my closing costs are $1,100.
• 170 points from https://www.****************.com/ and the closing costs are $937, still higher than my 240 point from fidelity with the admin fee included as "closing costs"

I tried to clean it up to see the numbers easier. (i cant help it)

 

[SheSingsAlong]

Here are 3 of my most recent aulani examples in the past few months - 240 point Aul https://www.fidelityresales.com/ and closing costs were $650 plus $225 admin fee - $875 total. 200 point (lower) from https://www.**********.com/ and my closing costs are $1,100. My 3rd aulani had even lower points/price - 170 points from https://www.****************.com/ and the closing costs are $937, still higher than my 240 point from fidelity with the admin fee included as "closing costs" Edit - those are all different brokers

I stand corrected, this seems pretty clear. I'm going to try to keep this in mind so I stop being mildly bitter about the $225 fee XD (I have no right to be bitter, I *chose* to follow through with the purchase from Fidelity)

 

[McAuliffe_Family]

McAuliffe_Family---$101-$28155-250-SSR-Sep-0/22, 250/23, 250/24- sent 3/20

 

[E2ME2]

WOW! And they're paying closing - nice work!
I keep telling myself - "We don't need any more points! We don't need any more points!! We don't need any more points!!!"

I think you need some more points!

 

[MinnieSueB]

I think you need some more points!

No - no - no!!! But I guess I'll continue to watch to see how low they can go!

 

[Paul Stupin]

If you have been trying to sell your contract for over a month, wouldn't you want to at least respond and see if you could negotiate a better price????? We responded to a buyer who was $20/point lower than our asking price this fall and got it sold for a reasonable price within a week. Most of the current pricing on brokers websites are ridiculous in this economy and with no ROFR in site, prices will continue to fall. The ridiculous inflated prices on most brokers sites happened over the past 2 years and shouldn't be taken seriously.

Well, personally, I wouldn’t respond to a lowball offer as a seller either. You forget that most buyers do not follow this thread, and aren’t as focused on testing market prices. And regarding ROFR being nowhere in sight, it could come back at any time.

 

[Minnieaus]

I hope it's a big boat, because I'm on it as well. Signed Friday, sellers over weekend, deposit on Friday or Saturday, just waiting to hear when the broker sends it to ROFR.

Ok so I got my email today from fidelity that it’s been officially sent to ROFR. So 1 day post seller signing contracts.

 

[Pharmgirl123]

The broker never returned my call but I received a notice that it’s been sent to ROFR!

Pharmgirl123---$75-$17269-200-SSR-Aug-0/22, 200/23, 200/24- sent 3/21

 

[tom1944]

The broker never returned my call but I received a notice that it’s been sent to ROFR!

Pharmgirl123---$75-$17269-200-SSR-Aug-0/22, 200/23, 200/24- sent 3/21

Amazing deal. Congratulations.

 

[Chili327]

Well, personally, I wouldn’t respond to a lowball offer as a seller either. You forget that most buyers do not follow this thread, and aren’t as focused on testing market prices. And regarding ROFR being nowhere in sight, it could come back at any time.

Yes, "personally" is a different story, obviously you aren't in a bind or in any need to sell. Some people paid way less to buy in & want to get out (or need to get out), so they are willing to sell lower... and we'll never know which camp a seller is in, until we make an offer, & you have to start low, because lowering an offer during negotiations is a horrible tactic. lol

 

[Paul Stupin]

Yes, "personally" is a different story, obviously you aren't in a bind or in any need to sell. Some people paid way less to buy in & want to get out (or need to get out), so they are willing to sell lower... and we'll never know which camp a seller is in, until we make an offer, & you have to start low, because lowering an offer during negotiations is a horrible tactic. lol

Of course, and sooner or later you’ll find that seller who will settle for a lower price. Clearly, they’re out there! But this board, as has been remarked many times, is not representative of the entire resale market. And isn’t that a good thing for all of us, when we do sell down the line?

 

[The_MT]

Of course, and sooner or later you’ll find that seller who will settle for a lower price. Clearly, they’re out there! But this board, as has been remarked many times, is not representative of the entire resale market. And isn’t that a good thing for all of us, when we do sell down the line?

100% - no doubt at least 50% of resale buyers are happily paying the asking price or close to asking on resale contracts! You all are awesome, but if you're on this thread you are definitely NOT in my target market when I'm ready to sell!

 

[Chili327]

Of course, and sooner or later you’ll find that seller who will settle for a lower price. Clearly, they’re out there! But this board, as has been remarked many times, is not representative of the entire resale market. And isn’t that a good thing for all of us, when we do sell down the line?

Absolutely.!!
I'd be surprised if this board covers 33% of the total resales. (but I do still think it is pretty accurate in the averages)

100% - no doubt at least 50% of resale buyers are happily paying the asking price or close to asking on resale contracts! You all are awesome, but if you're on this thread you are definitely NOT in my target market when I'm ready to sell!

So true. lol

In reality it only depends how bad someone needs to get out, & they will sell based on that regardless of what offers they get. People will only go as low as they have to, if they don't NEED to sell, they may just be testing the waters to see what kind of offers you can get, so you start high (which is exactly why we start low), & others may need the money ASAP, so they want to take the highest offer they can get by a certain date.

 

[TinkAgainU]

... Would it be wrong of me to back out at this point? I’ve found another contract that works better but it is with the same broker. Things have just been so slow on this one without any sort of reason when I check in, I’m not feeling great about it.

Read your contract carefully - some have almost "hidden" terms about cancelling. You have "roughly" 10 days to cancel and get your deposit back, but READ what you signed to see when the 10 days started, how you need to give notice, and if after 10 days do you "only" lose your deposit...

 

[tom1944]

I only checked a limited number of the seller’s original purchase price and even the sales on the lower price point the seller sold for equal or more than they paid.

Basically they used their membership for 10 to 15 years and it only cost them the yearly dues or less in many cases.

 

[AnnaKristoff2013]

The broker never returned my call but I received a notice that it’s been sent to ROFR!

Pharmgirl123---$75-$17269-200-SSR-Aug-0/22, 200/23, 200/24- sent 3/21

A new record!

 

[WImouse]

Resale is so nice, we had to do it twice.

New to posting but wanted to share as we've found the info on this board valuable in our hunt for a good resale deal. We own direct at BLT and RIV on Feb use years, and BWV on an Oct use year, so these align nicely.

WImouse---$115-$26794-225-BLT-Feb-1/22, 225/23, 225/24, 225/25- sent 3/21
WImouse---$105-$27195-250-BWV-Oct-229/22, 250/23, 250/24- sent 3/21

 

[vbmedic52]

Resale is so nice, we had to do it twice.

New to posting but wanted to share as we've found the info on this board valuable in our hunt for a good resale deal. We own direct at BLT and RIV on Feb use years, and BWV on an Oct use year, so these align nicely.

WImouse---$115-$26794-225-BLT-Feb-1/22, 225/23, 225/24, 225/25- sent 3/21
WImouse---$105-$27195-250-BWV-Oct-229/22, 250/23, 250/24- sent 3/21

Wow! I feel like I didn’t get as good of a deal as I could have. Oh well lol