ROFR Thread July to Sept 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[we"reofftoneverland]

K

Japan

That’s very international. Did you know at the outset? We are in the process of buying from a Canadian. So far no issues, but we did not realize it was international right away. And our broker did not respond when we asked if it was an international seller. We just kept asking until finally someone else in the office answered. Kind of wild. We probably would not have made an offer at all if we had known up front just because of the IRS (scary). So we are just hoping for the best. I do also feel badly for people who are international that have to deal with our tax system.

 

[CarpeDream71]

That’s very international. Did you know at the outset? We are in the process of buying from a Canadian. So far no issues, but we did not realize it was international right away. And our broker did not respond when we asked if it was an international seller. We just kept asking until finally someone else in the office answered. Kind of wild. We probably would not have made an offer at all if we had known up front just because of the IRS (scary). So we are just hoping for the best. I do also feel badly for people who are international that have to deal with our tax system.

It is pretty international. Lol. There may be some translation issues involved as well which requires the longer wait, but that is just wild speculation on my part. It's possible she is just as fluent in English as I am.

I did not know it was an international seller until the initial paperwork came over and then I asked.

After that, I did some quick research on these boards and Google about buying from an international seller and discovered FIRPTA, but it all said that the Seller is the one who pays it - which is true, but I never saw anything about the Buyer needing to sign tax documents certifying that Buyer was responsible for remitting that payment to the IRS. I would have walked away had I not been able to receive proof from the title company.

I bought a small contract, so 15% is not going to break the bank if I have to end up paying it out of pocket (not that I should ever have to! But I always try to prepare for worst-case scenario.) But for a standard 160-point contract, that 15% could be $4,000-$5,000!

 

[pangyal]

Hey @pangyal, would it be useful to have folks post the list price on their contracts too when tracking ROFRs? I'd like to see what asking prices vs sell prices are. I know lots of folks post "What should I offer?" threads. That may have been discussed before but I dont remember the topic from all of my stalking of ROFR threads....

I've thought about this before, and I value your suggestion very much, but here are my reasons for not doing so: Firstly, and most importantly, I think that there are too many factors at play in determining a sale price that is agreeable to both buyer and seller, and posting only the list price would give a skewed result. Secondly, I feel that it would put undue pressure on buyers to try to "match" or "beat" the prices being posted compared to List Price. Hope that makes sense .

 

[pangyal]

Updated!

I had to skip a bunch of posts because they weren't formatted correctly and therefore didn't have the correct totals and information. If you all could please mosey over to Page One of this thread and re-post your string using the tool linked there, I would greatly appreciate it as I would love to be able to add all of you!

 

[purrenh1]

purrenh1---$127.5-$16537-125-AKV-Dec-125/18, 125/19, 125/20, 125/21-Seller pays MF '20- sent 9/16

 

[E2ME2]

E2ME2---$142-$4890-30-BCV-Jun-0/19, 30/20, 30/21, 30/22-Seller Paid 2020 MF- sent 9/16

 

[TikiLagoon]

I didnt get a chance to post this Taken. Not suprised. I was hoping they would go back to not buying anything by the time it was time to make a decision on my contract. Oh well. They were quick on this one werent they lol.

TikiLagoon---$82-$15748-175-SSR-Aug-0/19, 98/20, 175/21, 175/22- sent 8/17, taken 9/17

 

[TheTrailblazers]

TheTrailblazers---$120-$6000-50-AKV-Feb-0/19, 100/20, 50/21, 50/22-Seller pays closing- sent 9/28

 

[Ruttangel]

TheTrailblazers---$120-$6000-50-AKV-Feb-0/19, 100/20, 50/21, 50/22—

Great deal!!

your format is a bit out, there is an official string generator on the first post in the thread head over and then update your post.

Good luck

 

[Zimwicket]

Day 42, I'm starting to have dreams about chasing contracts around, I may be losing it. I hear you all though, talking behind my back, no contract Zimmy you call me. Don't think I haven't noticed the looks of pity as you walk by me to get your contracts!

But then it hit me, where I need to go...Disney, my home. I'll go home. And I'll think of some way to get DVC back. After all, tomorrow is another ROFR day!

 

[_Iowa_]

Off to ROFR as sellers have signed. $94/point for 300/300/300. If we get it through it really isn't much worse than the 0/300/300 they grabbed for $90. Don't have high hopes though.

Nope. They grabbed it over the weekend. So for those keeping track at home, 1 week before they started buying back we got through 350 points @ $88/point and then lost two 300 point contracts at $90 and $94 per point. Maybe Disney will just hire me to negotiate deals for them? I don't know.

 

[jbreen2010]

Day 42, I'm starting to have dreams about chasing contracts around, I may be losing it. I hear you all though, talking behind my back, no contract Zimmy you call me. Don't think I haven't noticed the looks of pity as you walk by me to get your contracts!

But then it hit me, where I need to go...Disney, my home. I'll go home. And I'll think of some way to get DVC back. After all, tomorrow is another ROFR day!

I'm right behind you....on day 41 today for me. We have to hear one way or another at some point!! Keep the hope!

 

[E2ME2]

Nope. They grabbed it over the weekend. So for those keeping track at home, 1 week before they started buying back we got through 350 points @ $88/point and then lost two 300 point contracts at $90 and $94 per point. Maybe Disney will just hire me to negotiate deals for them? I don't know.

Good thing you scored those 350 when you did.
I also got through ROFR with 225 points for$20K ($88.89/Point), back in March.
It was my first Resale purchase, and I was sweating it the whole time.
Only took 31 Days for the ROFR process back then, but another 60 Days to get the points into my account.

 

[Nikred513]

nikred513---$113-$21031-180-AKV-Oct-0/19, 360/20, 180/21, 180/22- sent 9/21

I know this is from an international seller as well

 

[WestCoastDVC]

At it again but this is the last one for a long time (I swear). It’s not the lowest price in recent weeks but with ROFR picking up, we figured it’s OK.

WestCoastDVC---$166-$17906-100-VGF-Jun-0/19, 100/20, 100/21- sent 9/21

 

[Lorana]

Lorana---$80-$4525-50-HH-Sep-0/19, 50/20, 50/21, 50/22-seller pays MF '20- sent 9/21

Not as low as I hoped, but with seller paying 2020 MFs, it does bring it down to $70.90/point, which is a good price!

We decided to grab this small HHI contract because we really want the option of a long weekend every year or a week every other year during popular periods. And of course we could always use these as SAP. While these are expensive SAP from a dues perspective, ~$71/point upfront is pretty cheap for SAP, and it'd take 10-11 years to make up the upfront savings in lower dues if I had gotten 50-points at SSR (assuming $104 SSR vs $80 HHI), so I'm good with this choice for now from a financial perspective, especially as it's a small contract.

 

[Grumpy by Birth]

Day 42, I'm starting to have dreams about chasing contracts around, I may be losing it. I hear you all though, talking behind my back, no contract Zimmy you call me. Don't think I haven't noticed the looks of pity as you walk by me to get your contracts!

But then it hit me, where I need to go...Disney, my home. I'll go home. And I'll think of some way to get DVC back. After all, tomorrow is another ROFR day!

 

[Zimwicket]

View attachment 527346 View attachment 527347

We were line buddies!!! I see how it is!! Cast off us left fortunate people like a snake shedding dead skin!

 

[Grumpy by Birth]

We were line buddies!!! I see how it is!! Cast off us left fortunate people like a snake shedding dead skin!

All in good fun. Wishing you and everyone else SUCCESS!!! and SOON!!!!!!

 

[macman123]

I didnt get a chance to post this Taken. Not suprised. I was hoping they would go back to not buying anything by the time it was time to make a decision on my contract. Oh well. They were quick on this one werent they lol.

TikiLagoon---$82-$15748-175-SSR-Aug-0/19, 98/20, 175/21, 175/22- sent 8/17, taken 9/17

Ah sorry to hear, but not surprised........