ROFR Thread Oct to Dec 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[myth2001]

I think you have to look closely at how you want to use your points. 25 points at AKL is going to get you like two nights a year in a studio or four nights in a studio every other year. It's not much. I don't really advise buying up a bunch of small contracts at different properties because you won't be able to combine the points until the seven month window.

There's a pretty good premium on small contract points- $10-20/point sometimes. So it's not a very economical option either.

I'm looking for a small contract at HH, but only because I plan on only going every other year, because the points are fairly inexpensive, and because I ONLY plan on using those points at HHI. Otherwise, I'd only really look for small contract add-ons for properties and use years I already own (ie, I own 300 points at AKL with February use year, so if I add more AKL with February use year, it just increases the size of my contract and I can use all of those points at AKL at the 11 month mark).

Yes indeed one trip every 2 years is the plan.

 

[gisele2]

I know this is the ROFR tread , but closing documents just signed for my BCV contract !!!! Sooooo happy .
Planning my 2022 trip now....
And I swear not looking at any DVC resale sites... for now.

 

[MrWonderful]

I want gisele2 to adopt me for Christmas.


(Congrats again!)

 

[Ladylotus]

myth2001---$117-$4003-25-AKV-Dec-0/19, 50/20, 25/21, 25/22- sent 12/10

Total newbie here, very interested in how everyone think of this price.
Thinking of getting anther small contract at SSR or BLT, and wondering what is the current small contract premium.

Congratulations, this is a great price especially since you have banked points into 2020. Small contracts are great for AKV as the points for a value studio are minimal and usually one must own there to be able to book them. A value studio in AKV weekdays in November for example will cost 9 points/night. The same night would cost 13 points (Standard, not Preferred) at SSR and 16 points (Standard) at BLT.

Small contracts command a premium price to begin with. When you then factor in the closing costs, the price per point jumps substantially. My advice would be to familiarize yourself with the point charts of those other resorts for the time you would be vacationing to make sure a small contract makes sense. My example above was more or less mid way between the lower end and higher end (with Christmas/Easter being even higher!).

Good luck with ROFR and happy vacationing

 

[Lorana]

myth2001---$117-$4003-25-AKV-Dec-0/19, 50/20, 25/21, 25/22- sent 12/10

Total newbie here, very interested in how everyone think of this price.
Thinking of getting anther small contract at SSR or BLT, and wondering what is the current small contract premium.

For a 25-point contract fully loaded this is actually a great price ($117/point).

 

[ValW]

ValW---$155-$8372-50-BLT-Aug-0/19, 50/20, 50/21-seller pays MF '20- sent 12/10
ValW---$155-$8372-50-BLT-Aug-0/19, 50/20, 50/21-seller pays MF '20- sent 12/10

Two separate contracts, same seller. Broker put both contracts on one purchase agreement to reduce closing costs. I divided the closing costs between both contracts and I will be paying MF '21 during closing.

Thanks to the person on this board who gave me the idea about one purchase agreement!

 

[jimmyg0322]

jimmyg0322---$147-$9839-60-BWV-Feb-0/19, 0/20, 120/21, 60/22- sent 12/1, passed 12/8

 

[jomik1]

I THINK we passed ROFR! Received our Buyer Closing Package from American Title. They said we wouldn't have received the package if we didn't pass. Have a call into our agent to find out the details of when it passed. Fingers crossed that all is good, and 4th time was the charm. I'll post an updated string once I have all the details.

 

[UrsulaWantsYourSoul]

I THINK we passed ROFR! Received our Buyer Closing Package from American Title. They said we wouldn't have received the package if we didn't pass. Have a call into our agent to find out the details of when it passed. Fingers crossed that all is good, and 4th time was the charm. I'll post an updated string once I have all the details.

WOOT! Yes if you received Closing info you should have both Passed ROFR and have Estoppel done too - you're cooking along!

 

[myth2001]

Congratulations, this is a great price especially since you have banked points into 2020. Small contracts are great for AKV as the points for a value studio are minimal and usually one must own there to be able to book them. A value studio in AKV weekdays in November for example will cost 9 points/night. The same night would cost 13 points (Standard, not Preferred) at SSR and 16 points (Standard) at BLT.

Small contracts command a premium price to begin with. When you then factor in the closing costs, the price per point jumps substantially. My advice would be to familiarize yourself with the point charts of those other resorts for the time you would be vacationing to make sure a small contract makes sense. My example above was more or less mid way between the lower end and higher end (with Christmas/Easter being even higher!).

Good luck with ROFR and happy vacationing

Thanks for the advice! Yes, I came in with a specific plan of acquiring enough points (100-125 points per trip) to be able to go one week every two years (most likely the last week of August).
Having stayed at AKL value studio, BLT studio and BWV this November, we decided we are fine with the relative small size of the AKL value studio, and really value the BLT location for MK days, also split stay was manageable.
And yes I know I should never actually make my plan dependent on being able to book value.
so AKL points for hope of stretching points, and SSR or BLT point for BLT.

Yes, the sunken cost of closing cost is unavoidable ... Just want to make sure I not paying too much for the small contract premium (which hopefully can be recovered if we sell).

PS regarding one time use points, I assume the 24 limit is per member? not per contract?
EDIT: found it, it is per member and can only be used inside 7 month window.

 

[Sandisw]

Thanks for the advice! Yes, I came in with a specific plan of acquiring enough points (100-125 points per trip) to be able to go one week every two years (most likely the last week of August).
Having stayed at AKL value studio, BLT studio and BWV this November, we decided we are fine with the relative small size of the AKL value studio, and really value the BLT location for MK days, also split stay was manageable.
And yes I know I should never actually make my plan dependent on being able to book value.
so AKL points for hope of stretching points, and SSR or BLT point for BLT.

Yes, the sunken cost of closing cost is unavoidable ... Just want to make sure I not paying too much for the small contract premium (which hopefully can be recovered if we sell).

PS regarding one time use points, I assume the 24 limit is per member? not per contract?
EDIT: found it, it is per member and can only be used inside 7 month window.

Just to clarify about OTU, it is per membership, per UY. So, an owner like me, who has two UYs...which is two memberships...can buy them for each one to be used in trips booked 7 months or less.

 

[myth2001]

Just to clarify about OTU, it is per membership, per UY. So, an owner like me, who has two UYs...which is two memberships...can buy them for each one to be used in trips booked 7 months or less.

That is interesting, thanks!
So someone with 2 contracts of the same UY will only get max 24 OTU, but someone with 2 contracts that have 2 different UY can get max 2*24 OTU?

 

[Sandisw]

That is interesting, thanks!
So someone with 2 contracts of the same UY will only get max 24 OTU, but someone with 2 contracts that have 2 different UY can get max 2*24 OTU?

Yes, because two different UYs are different memberships. It’s like being two different owners,

When you own them, you can’t book one reservation across both. You have to transfer, etc, So, yes, you can get them, but your reservations would be separate and not combined.

Contracts never change number of points in them so anything like OTU, transferred points, and even add on contracts go into the membership and not into a contract.

 

[jomik1]

WOOT! Yes if you received Closing info you should have both Passed ROFR and have Estoppel done too - you're cooking along!

I'm very curious to find out when this actually passed!

 

[pangyal]

pangyal---$116-$18970-155-RIV-Dec-0/19, 137/20, 155/21, 155/22-Seller pays '20 MF- sent 12/10

We have stayed at Riviera a few times and absolutely love it, but have been shut out now multiple times trying to book at seven months...so it seems easiest to just own there.

 

[JGINPL]

pangyal---$116-$18970-155-RIV-Dec-0/19, 137/20, 155/21, 155/22-Seller pays '20 MF- sent 12/10

We have stayed at Riviera a few times and absolutely love it, but have been shut out now multiple times trying to book at seven months...so it seems easiest to just own there.

Great Price on this!!

 

[Ginamarie]

pangyal---$116-$18970-155-RIV-Dec-0/19, 137/20, 155/21, 155/22-Seller pays '20 MF- sent 12/10

We have stayed at Riviera a few times and absolutely love it, but have been shut out now multiple times trying to book at seven months...so it seems easiest to just own there.

That's an amazing price!!
I keep saying that I would buy Riviera resale if I could get it around $120/point.

 

[UrsulaWantsYourSoul]

That's an amazing price!!
I keep saying that I would buy Riviera resale if I could get it around $120/point.

Can always put in for that price - no big deal if they say no - just a business transaction.
@pangyal - do you mind saying what price it was listed at?

 

[Ginamarie]

Can always put in for that price - no big deal if they say no - just a business transaction.
@pangyal - do you mind saying what price it was listed at?

I may have been using this strategy on some HHI contracts today- lol.

 

[pangyal]

Can always put in for that price - no big deal if they say no - just a business transaction.
@pangyal - do you mind saying what price it was listed at?

Not at all. It was listed at $150. I offered $110, they countered at $125, I countered at $116 as the last attempt and we agreed on that price.