ROFR Thread July to Sept 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

Status
Not open for further replies.
Yes, that seems to be happening more and more often these days. Mostly undisclosed reservations made prior to listing, but there have been one or two reports of reservations being made even AFTER a contract has been listed. The gentler hearts among us will say it's likely just an honest mistake made by an owner using the wrong points from multiple contracts, but who knows.
Yeah, our broker said it was an honest mistake and they have multiple contracts. I hope that’s all it is. I’m trusting that’s the case.

It would just be awful if we finally close and then don’t have the points we thought we did…
 
Yeah, our broker said it was an honest mistake and they have multiple contracts. I hope that’s all it is. I’m trusting that’s the case.

It would just be awful if we finally close and then don’t have the points we thought we did…
There should be terms in your contract that state some kind of compensation from the seller to the buyer if the points don't align or also have the ability to cancel the contract/purchase. I'd request some kind of screenshot or proof of points before sending over money just in case.
 

Yeah, our broker said it was an honest mistake and they have multiple contracts. I hope that’s all it is. I’m trusting that’s the case.

It would just be awful if we finally close and then don’t have the points we thought we did…

There should be terms in your contract that state some kind of compensation from the seller to the buyer if the points don't align or also have the ability to cancel the contract/purchase. I'd request some kind of screenshot or proof of points before sending over money just in case.
I had it happen to me, and the seller was required to compensate. Also, the broker provided some compensation also, because they felt they dropped the ball. I believe it was an honest mistake on the seller's part because they had multiple contracts and confused banked and current points.
 
I think to us (individuals on this forum), it is a no-brainer, but to the average direct purchaser who might not know that there is even a secondary market, they don't know that this is an option. At that level of purchasing, we're probably talking about someone who doesn't necessarily want/need to do too much research because they commit to a purchase like this. At some point, you are just wealthy enough that you're not thinking about an exit strategy. But that's the fun of this, we can speculate about this transaction.
I work with some very very wealthy individuals, I always find it interesting that they often have the same concerns and fears as those with a lot less money. They could make a $250,000 purchase without blinking an eye but they would be pissed if someone had sold them something like that which would be very difficult to get out of when they could have had the same benefit for only a little more closing costs. Just because they have money, I don’t find they are careless or frivolous with money IMHO.
 
Does this (seller’s undisclosed trips delaying closing) happen often?

I’m concerned because the listing showed 0 points for 2021 and full points coming August 2022, but now the sellers have a trip planned for October 2022. I would think the October trip is using 2022’s points? Unless they had points banked from 2021 that weren’t disclosed in the listing?
We bought a contract in 2020 where the seller didn’t disclose they had a trip planned until after signing the contract. Luckily it was caught when it was supposed to be sent to ROFR and not after. We sent it to ROFR in June and the delayed closing ended up being the end of December. I was really disappointed because I didn’t want to wait that long but it was a good deal and we didn’t need the points until the following year so we went through with it.
 
There should be terms in your contract that state some kind of compensation from the seller to the buyer if the points don't align or also have the ability to cancel the contract/purchase. I'd request some kind of screenshot or proof of points before sending over money just in case.

Yes, we have this language in the contract if the points don’t align.

To request a screenshot for proof of points, would I contact the broker, concierge team, or title company? I truly think this was an honest mistake and nothing nefarious is going on, but it can’t hurt to confirm.
 
That's next week when I'm in Alaska (though hopefully my 300 Aulani will close whole I'm away."
Lucky! That’s one state I need to check off the bucket list :) When I get a crazy idea to move away from NV I ask the wife if we can move there and she always shoots down the idea…..

Thanks for the advice to get a car on the SSR visit. It was worth having. Likely worth getting on on all WDW trips IMO….. If even just to visit the Latin American food place I found just off property. I’d gain 200lbs if that was near me in NV.

Edit - looked up the name. Sofrito Latin Cafe. Food was awesome. Casual place in a strip mall. Highly recommend. Had some great food. Will be a must visit on future trips to WDW.
 
Status
Not open for further replies.

















DIS Facebook DIS youtube DIS Instagram DIS Pinterest

Back
Top