ROFR Thread January - March 2017 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Aron1012]

If you are looking to buy a small contract (say 100 points more or less) they typically do get taken quicker than larger contracts. However, as it's your first contract you aren't tied to any specific use year, so you have more potential listings to consider.
The willingness of the seller to accept a lower offer may depend on a number of things, my first contract the sellers were unwilling to go below a certain number because they still owed money on the contract and didn't want to have to bring money to the table to close the deal. I went with that one as the price was about as low as AKV was going for at that time and it was pretty loaded.
The biggest factor is probably supply and demand, if you want a resort with lots of listings then you have more bargaining power.
If, on the other hand, you want a resort that has fewer listings and you want a specific use year and fewer points, etc. there will be less supply and you may have to pay more.
You can also negotiate closing costs, and maintenance fees and in the case of the Fidelity brokerage, who pays the $195 admin. fee - those items all add to your net cost per point.
There are only a handful of DVC brokers, the Timeshare store is a sponsor of DIS and I'm using them for my current purchase & loving the communication I'm getting from them so far. Fidelity DVC is another broker and I used them for my prior purchase (wasn't so crazy about their failure to communicate - but that was a few years ago.) There are 4-5 more brokerages which you should be able to locate via googling DVC listings. I followed them all as well as an aggregating site to get a sense of the market and to locate the contracts I was interested in.
The last thing is that the ROFR listings reflect offers made & accepted in the past - so what was a good deal in January may be different from what is a good deal now.
Personally I was happy paying what I considered to be a fair price for the points I wanted & I wasn't too hung up on getting the lowest possible price, because paying a couple hundred dollars more or less for a particular contract as the initial buy in is really just a drop in the bucket of what I'll be paying in MFs & for Disney trips over the life of the contract.
Good luck w/ your bidding & purchase.

Thanks so much for this information.....all excellent points to consider. Sounds like I am on the right track just need to be patient. Very grateful for this thread because it is one of the most enlightening on what to expect from price, terms, timing, ROFR, etc when making that first purchase.

 

[Roxyfire]

If you offered full asking price that makes sense, but all I'm seeing are asking prices well above what goes through here. But like Roxy said maybe the best deals aren't even making it to the website listing. I did finally sign up with a broker yesterday and told him what I was looking for, so maybe that will help.

Yes, I saw a ton of stripped contracts for BLT and was getting a little discouraged. The broker I went with has a much better website, easier to navigate and see the full details vs the timeshare store. But I did use the first page of this post to get a sense of what people were getting point wise and consider it a great resource.

 

[Nie0214]

Can I ask are most of these contracts bought through a broker or more direct with individuals people know? Reason I ask is prices on here are consistently $10-$15/pt less and generally loaded/normal contracts vs stripped that are listed for sale on most places I have been looking. I am working on our first purchase but every deal available looks pretty poor in relation to what has been going through here. Just trying to make sense of what is a good price.

Be sure to join the email lists! A few of them release an email with contracts before they get published on the website, so by the time you see it, there may be a handful of offers! (Very likely if it's a smaller contract.)

 

[BEW]

Just spoke to my broker. She said about 3 weeks for Disney to complete the estoppel and another 4 weeks for everything to be put into our names and get our points in our account. So 7 weeks after passing Rofr it seems. Anyone have this experience taking longer or shorter?

That is way longer than i was just told by the Title Company. She told me the Estopple should be done by the end of the week. She would send the closing statement to my agent as soon as she received the word from Disney and once he approves, we should get the closing docs emailed out to me within about 5-7 days. Once both the sellers and us return the signed closing docs and the $, we would close that same day. Targeting getting all of that by the end of this month or the first week of April at the latest. Sounds that this is just like ROFR, its a black box and timelines changed based on your agent and the title company.

 

[dranoto]

Can I ask are most of these contracts bought through a broker or more direct with individuals people know? Reason I ask is prices on here are consistently $10-$15/pt less and generally loaded/normal contracts vs stripped that are listed for sale on most places I have been looking. I am working on our first purchase but every deal available looks pretty poor in relation to what has been going through here. Just trying to make sense of what is a good price.

The resale company I used does not update the listing to the agreed upon price when it goes into "sale pending" or "offer accepted". What you see on that site is the original listing price, in my case the accepted offer was $6pp less than what the site currently lists. Hope that helps!

 

[MooseBucks]

Thanks so much for this information.....all excellent points to consider. Sounds like I am on the right track just need to be patient. Very grateful for this thread because it is one of the most enlightening on what to expect from price, terms, timing, ROFR, etc when making that first purchase.

Make sure to sign up on all the sites for their e-mail lists. Several give the people on the list a day or so before they place it on their site. The good ones go quickly.

 

[LisaLuvsVacations]

Can I ask are most of these contracts bought through a broker or more direct with individuals people know? Reason I ask is prices on here are consistently $10-$15/pt less and generally loaded/normal contracts vs stripped that are listed for sale on most places I have been looking. I am working on our first purchase but every deal available looks pretty poor in relation to what has been going through here. Just trying to make sense of what is a good price.

We purchased our two contracts from https://www.dvcresalemarket.com/?gclid=CKifz7ul19ICFQmOaQodQV8JKg.

 

[Aron1012]

Only one I hadn't looked at before was Fidelity. The prices and contracts look much better but 16/17 for AK are sale pending. About same for Poly. Guessing they send email ahead? I did sign up for it.

 

[JETSDAD]

Only one I hadn't looked at before was Fidelity. The prices and contracts look much better but 16/17 for AK are sale pending. About same for Poly. Guessing they send email ahead? I did sign up for it.

Yes, they send out emails prior to posting online.

 

[MooseBucks]

Only one I hadn't looked at before was Fidelity. The prices and contracts look much better but 16/17 for AK are sale pending. About same for Poly. Guessing they send email ahead? I did sign up for it.

Give them a call also or e-mail Bonnie. Let her know what you are looking for and she will help you out.

 

[Aron1012]

Give them a call also or e-mail Bonnie. Let her know what you are looking for and she will help you out.

OK thanks I will email her.

 

[kboo]

The resale company I used does not update the listing to the agreed upon price when it goes into "sale pending" or "offer accepted". What you see on that site is the original listing price, in my case the accepted offer was $6pp less than what the site currently lists. Hope that helps!

Thanks so much for this information.....all excellent points to consider. Sounds like I am on the right track just need to be patient. Very grateful for this thread because it is one of the most enlightening on what to expect from price, terms, timing, ROFR, etc when making that first purchase.

From a lot of research on these boards and a lot of DVC members patiently answering my bajillion questions (thank you again!) - I would definitely suggest you sign up for emails. We did from 3 sites, and I saw on an email Sunday AM a contract that looked right for us. The price seemed a bit higher than I wanted, but totally within range here, so I made a low-ish offer on Monday AM around 11am, by phone, and got an email less than an hour later where the sellers had countered at $1 per point (on a 160 point contract) higher than my offer. It was a no brainer. So we had an accepted offer by noon, contracts in hand by 2pm that I'd signed and returned less than 2 hours later. I was able to put the deposit on a credit card (because 10% was under $2,000), and the sellers signed and it went to ROFR this afternoon.

I looked on the broker site today and the listing never even showed up on the broker's site at all. Not sure how typical this experience is; it was a new listing at a fair price and so I was a little concerned they might have multiple offers and laugh at my offer ($5 pp less than asking). It went so much more smoothly than I'd expected. Good luck!

 

[TexasChick123]

TexasChick123---$106-$22856-200-BLT-Jun-0/15, 0/16, 179/17, 200/18-Seller Pays MF '17- sent 2/20[/QUOTE

Disney exercised ROFR today on 3/14. Oh well. Move on to the next one I guess.

 

[huskerfanatic7]

Disney exercised ROFR today on 3/14. Oh well. Onto the next one I guess.

That sucks! makes me nervous mine is very similar to yours

 

[kboo]

That sucks! makes me nervous mine is very similar to yours

Sorry! Mine is quite similar too.

 

[kboo]

Disney exercised ROFR today on 3/14. Oh well. Onto the next one I guess.

That really sucks! My contract is quite similar too.

 

[TexasChick123]

That sucks! makes me nervous mine is very similar to yours

That really sucks! My contract is quite similar too.

Hang in there guys! There's always another contract. I saw someone say that he/she had Disney exercise ROFR on 3 contracts before getting the 4th one. Just take it in stride if it's bad news, and celebrate if it's good news!

 

[TexasChick123]

Here is the official info. I wasn't listed as "waiting", so I think my original post may have been overlooked.

TexasChick123---$106-$22856-200-BLT-Jun-0/15, 0/16, 179/17, 200/18-Seller Pays Prorated MF '17- sent 2/20, taken 3/14

 

[MrInfinity]

Can I ask are most of these contracts bought through a broker or more direct with individuals people know? Reason I ask is prices on here are consistently $10-$15/pt less and generally loaded/normal contracts vs stripped that are listed for sale on most places I have been looking. I am working on our first purchase but every deal available looks pretty poor in relation to what has been going through here. Just trying to make sense of what is a good price.

People are excited when they get a good deal after researching here so they post about it. And then some who pay a little higher are less likely to post about it since they weren't here in the first place -- but they're out there. I'm sure the average sale price of the purchases shown here on the Dis is lower than the average sale price overall. Kind of like how people who research first get pretty much everything about Disney World cheaper than those who don't.

Here is the official info. I wasn't listed as "waiting", so I think my original post may have been overlooked.
TexasChick123---$106-$22856-200-BLT-Jun-0/15, 0/16, 179/17, 200/18-Seller Pays Prorated MF '17- sent 2/20, taken 3/14

They sure took their full time to think about that one!

 

[ScubaCat]

Here is the official info. I wasn't listed as "waiting", so I think my original post may have been overlooked.

TexasChick123---$106-$22856-200-BLT-Jun-0/15, 0/16, 179/17, 200/18-Seller Pays Prorated MF '17- sent 2/20, taken 3/14

Sorry that didn't work out. On the bright side, you get to bid on another, even better contract, and hang out with us here a little longer