If you really want the contract, it’s early enough in the process that I would change it. In the long run, the additional $400-$600 would be worth it for me, unless you’re willing to just make offer after offer to save a few hundred dollars, knowing you’re in the ROFR zone. Everyone says they can’t take every contract. True, but that doesn’t mean Disney can’t take yours either.
I had four contracts with First American this summer, and I received the closing docs for all of them within days of closing.My guess is that your experience with First American Title Co will be like mine ~ it took 7 WEEKS after I passed ROFR before I received my closing documentsThis was a couple of years ago so Covid wasn't an excuse
Just my two cents worth here, but I don’t think many of the particularly low priced contracts brought up here are a representative sample of the average selling prices at any of these DVC resorts. Many folks have mentioned that they have bought multiple use years because of the better deals, which makes the process easier. My use year is March, which is not one of the more common ones, and it’s one I always stick with, but every time I’ve attempted a lowball offer it’s been summarily rejected and I’ve wound up raising the offer to a fair deal rather than a steal. I think the strategy of making lowball offer after lowball offer, and continuing to do it for months even if you get ROFRed, does ultimately work, but it takes a lot of time plus a lot of effort.
Went with First American this summer and it took one week after ROFR, now I am in my third week.
I bought 2 use year .
2 use years, not knowing which contract(s) would get taken in rofr, so I optimized for best deal, over UY. Now that I’ve had a few get through rofr, I will stay with my main use year, and probably sell off the one outlier (or just rent out the points).
Not that it had helped me with ROFR but I only look at my use year and the resort I want.
First- it depends what you mean by a lowball offer. I had one contract that I was ready to bid full price on, but someone beat me to it (OKW Extended contract). I've had one where I bid well below the asking price where the agent even agreed with me that it was priced much too high. Otherwise, I have always bid something below the asking price and tried to negotiate some. I never go in thinking I'm going to "lowball" but I do bid a little lower than what I'm willing to pay so there's room to meet in the middle.
I don't think I scored a good deal, but I bid lower than the asking price. My focus was on the points and location rather than use year for this one, rather than UY. Having two memberships will be fine for my needs.
I agree with you on all fronts. When I find a contract I want, I also bid lower than what I want to pay, but not so low that it’s going to alienate the seller. The times I’ve bid substantially lower it’s never worked out and just annoys everyone. Maybe it would be different if I had unlimited time and patience, but I usually want the points and don’t want to walk away from the contract, or make multiple offers hoping to find a buyer who’s either desperate or uninformed enough to sell well below market price. I’d also never buy another UY. Transferring sounds like a huge pain, and I’d rather have the option sometime in the next 40 years to combine points from multiple contracts.
I passed at $100 per pt for 100 pts. It was stripped of 2020, but March 2021 was good enough for me at that price. You'll get it! You have to!
I did. I had OKW March then a too good AKV came up for Oct. I am a newbie, so I didn't quite care. Never used or had DVC before. Both memberships are in my account, and it is very easy to view. I already have the pts for AKV saved for my son's honeymoon. I don't see an issue with it. Happy to save 86 dollars a point! SO grateful. I did, though, overpay slightly for OKW, but smaller contracts do cost more. 107 for a 70 pt and then I went crazy and got another 70 same use year for 110 a point. I know, but darn, it was there. LOL. I'm broke now, so all is safe.
Oh how sad for them, they have our well wishes. What happens when a buyer backs out? Do they lose their deposit?
