ROFR Thread July to Sept 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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I'm always amused when the monthly report comes out from the board sponsor with prices that are so far below many of their listings that are in the resort & UY combo that I keep an eye on.

I get that the seller ultimately sets the price, but when the asking price for a large, stripped-through-2025 contract is 15% over these average prices from the same broker who has it listed I just wonder if the sellers are receiving advice and ignoring it, or just never hearing the average prices.
 
Updated!

For those that posted their contracts passed in June, I couldn't add them to the locked thread, so I made them show as passed on July 1. Hopefully this doesn't skew the average wait time data too much, but I wanted to make sure they were all added :)!
 
I'm always amused when the monthly report comes out from the board sponsor with prices that are so far below many of their listings that are in the resort & UY combo that I keep an eye on.

I get that the seller ultimately sets the price, but when the asking price for a large, stripped-through-2025 contract is 15% over these average prices from the same broker who has it listed I just wonder if the sellers are receiving advice and ignoring it, or just never hearing the average prices.
I went on a little SSR bidding spree and almost no sellers were willing to negotiate. One was asking $95pp for 0/23, 150/24, 150/25. Offered $80pp. The seller said $92pp was as low as they would go. Another identical seller wanted $99pp. I offered $80pp and would eventually counter offer at $85pp. $90pp was as low as the seller would go, but I couldn’t say yes. And lastly, my “favorite” SSR seller wanted to strip the SSR contract all the way through 2025 in order to sell it to me for $85pp. That’s when I decide maybe SSR wasn’t the worth the hassle.

Thanks to @MarkNC2Disney for telling me about the BRV contract we bought this weekend, since he knew it was our favorite resort.

We agreed to purchase an 85 point BRV at $96pp. The seller wanted $102pp, we offered $90pp and we accepted their counter at $96pp. The broker told me the seller had a few offers previously but never budged, so he was glad to see they were willing to come down a bit from their initial asking price.

I think it’s a bit of both the sellers having a certain price they want and the brokers wanting to maximize their comp. But we’ll never really know the mix since we don’t know what the brokers are telling the sellers and vice versa.
 
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Anyone else have contracts still pending from early June? I’m starting to get annoyed with my general luck on these things. ROFR was previously my only fast experience before.
 
Jomik1---$145-$18704-125-VGF-Apr-0/23, 0/24, 125/25, 125/26- sent 6/22
Jomik1---$145-$18704-125-VGF-Apr-0/23, 0/24, 125/25, 125/26- sent 6/22

Unfortunately we we forced to cancel these two contracts. We are so disappointed to have to do this. Apparently, the seller was having issues with FIRPTA. They wanted to use an unknown company to process this and the language they were using would open us up the possibility of shifting some or all of the tax liability to us. This was a hard no for us as well as the resale company we were working with. We thought that we had the language worked out to move forward, but the sellers aren’t happy with the protections we want in place and we are unable to move forward without those protections. This has also prompted a change in the language in the resale company’s contracts going forward. (This is a well know company that we have worked with before and this is the first time they have encountered this). We are disappointed that we have had to cancel but we were very pleased with everything the resale company did to both protect us and to try to resolve the issue.

We’ll keep our eyes open to what else might pops up. After all, addonitis never truly goes away!!
Sorry to hear that.

What language was that?

In the contracts I’ve seen and used foreign sellers are always responsible for the firpta tax and the title company would withhold the tax until they receive a waiver from the IRS. That would be the normal procedure - unless something changed?
 
We bought and closed April Vero with 217 2024 and 217 2025s for $30 per point. Made it to the point price wise it was worth it to us to get priority for the beach cottages. That deal was signed in like early February.
Did you buy via a broker?
 
I just bid on a contract with DVCresalemarket.com and was told that since I'm international and the seller are too that they can't sell (or maybe won't) it to me.

Anyone else experienced this?
 
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