ROFR Thread Oct to Dec 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Mrsjoneslilac]

Just received an email from my DVC guide. She found out this morning that the Grand Floridian direct price is going up to $217 pp December 1!

 

[RNstitches]

Just received an email from my DVC guide. She found out this morning that the Grand Floridian direct price is going up to $217 pp December 1!

I was hoping to add-on in the Spring, but now I’ll probably just wait for Poly2 unless there are some huge incentives.

 

[LadybugsMum]

Just received an email from my DVC guide. She found out this morning that the Grand Floridian direct price is going up to $217 pp December 1!

They really aren't trying to sell VGF, are they?? Does this mean that Aulani and Riviera are going up too?

 

[Mrsjoneslilac]

They really aren't trying to sell VGF, are they?? Does this mean that Aulani and Riviera are going up too?

Riviera is too she said. I guess not Aulani. She didn’t mention it.

 

[HIRyeDVC]

Heathjh—-$168-$33,600-200-BLT- Feb-200/22, 400/23, 200/24- sent 9/6, taken 10/19

I think the ROFR lady really love loaded contracts. Sorry for your loss.

 

[varyth]

I was hoping to add-on in the Spring, but now I’ll probably just wait for Poly2 unless there are some huge incentives.

I'm in the same boat. Now to decide whether I should speed up our direct add-on timeline.

 

[mbroc]

Ok.....so has anyone ever had a broker refuse to tell you if the seller was domestic or international? I just did.......pretty surprising....

Yes, I was told this by a broker whom I didn't end up using. The broker, who is obviously well aware of other brokers including "international seller" details in the listings said that they're not supposed to because it's private information. When I asked whether it's okay to post if brokers have permission to post such info, the broker paused and just said, "it's private information." I do think that if asked, many do give permission becaseu it can be a useful marketing tool. That aside, I've also been told that international seller listings get more than their fair share of low ball offers so it may just be that certain brokers do not want to deal with those kinds of offers . . . even if it's their job to. ;-)

 

[Cheetara03]

What’s the earliest anyone has heard back from ROFR? 2 weeks?

 

[Jwaire]

I do think that if asked, many do give permission becaseu it can be a useful marketing tool. That aside, I've also been told that international seller listings get more than their fair share of low ball offers so it may just be that certain brokers do not want to deal with those kinds of offers . . . even if it's their job to. ;-)

I'm sure that's true, but it's not just a marketing tool.

The buyer has a right to know. It can delay the closing for the contract by weeks (costing you valuable booking window time) and the buyer should understand the risk with FIRPTA. While most international transactions likely go smoothly, it's still the buyer assuming the risk and responsible for making the sure title company does their job correctly.

In my opinion, it's irresponsible not to disclose—especially when asked. I'd stick with the reputable brokers.

Stuff like this really is why timeshares have such a bad reputation.

 

[Brian Noble]

The broker, who is obviously well aware of other brokers including "international seller" details in the listings said that they're not supposed to because it's private information.

This may well vary from broker to broker, and it may depend on the specific contractual details of the listing agreement. It is possible that this broker's listing agreement is written in a way that they genuinely cannot share that information.

Of course, they might have just decided it is better for their business to not disclose it, even though they can, and this is the easiest way to tell you "I won't tell you."

We might want it, and it might help us make valuation/purchase decisions, but that's not the same as being entitled to it. If (not) having that information is make-or-break, just shop elsewhere.

 

[DisneyKim41]

Heathjh—-$168-$33,600-200-BLT- Feb-200/22, 400/23, 200/24- sent 9/6, taken 10/19

Wow. I guess blt is still in their sights.

 

[mbroc]

This may well vary from broker to broker, and it may depend on the specific contractual details of the listing agreement. It is possible that this broker's listing agreement is written in a way that they genuinely cannot share that information.

Of course, they might have just decided it is better for their business to not disclose it, even though they can, and this is the easiest way to tell you "I won't tell you."

We might want it, and it might help us make valuation/purchase decisions, but that's not the same as being entitled to it. If (not) having that information is make-or-break, just shop elsewhere.

Yes, exactly. I actually decided to not work with the broker - not because of their view on disclosing/not disclosing the international seller status but simply because they didn't have a deal at a price that I was interested in at the time. Point being, for me - if there's a really good deal on the table - I'm interested regardless of whether the seller is international or not. On a side and as an additional data point, out of the 5 brokers I've dealt with, only 1 had this view of not disclosing international seller status.

 

[mbroc]

I'm sure that's true, but it's not just a marketing tool.

The buyer has a right to know. It can delay the closing for the contract by weeks (costing you valuable booking window time) and the buyer should understand the risk with FIRPTA. While most international transactions likely go smoothly, it's still the buyer assuming the risk and responsible for making the sure title company does their job correctly.

In my opinion, it's irresponsible not to disclose—especially when asked. I'd stick with the reputable brokers.

Stuff like this really is why timeshares have such a bad reputation.

You have a point re: FIRPTA and the possible delays with closing. That said, this particular broker (who I do not agree with), likened providing international seller status to "private information" such as the sellers going through a divorce. I think Brian Noble (see other reponse) is correct in that "[w]e might want it, and it might help us make valuation/purchase decisions, but that's not the same as being entitled to it. If (not) having that information is make-or-break, just shop elsewhere."

 

[The_MT]

How much longer? I’m eyeing an international if/when I don’t pass rofr (should be soon)

It depends on the country and the owner but it will add at least 2 to 3 weeks but potentially 4 to 6 weeks or more. The owner has to make an appointment at their embassy to get the documents notarized. I bought an Aulani from a Japanese owner that took forever and an AKV from a Canadian owner that was pretty quick.

 

[wvujeb]

I found an international contract that I didn't see last time.

wvujeb---$163-$33020-200-CCV@WL-Dec-0/21, 0/22, 200/23-international- sent 10/19

 

[earfulofmagic]

Here we go:

earfulofmagic---$137.5-$15269-100-BCV-Oct-0/21, 117/22, 100/23, 100/24- sent 10/19

 

[HIRyeDVC]

Here we go:

earfulofmagic---$137.5-$15269-100-BCV-Oct-0/21, 117/22, 100/23, 100/24- sent 10/19

OMG. I want a contract like this so bad!

 

[pks_domer]

It depends on the country and the owner but it will add at least 2 to 3 weeks but potentially 4 to 6 weeks or more. The owner has to make an appointment at their embassy to get the documents notarized. I bought an Aulani from a Japanese owner that took forever and an AKV from a Canadian owner that was pretty quick.

I think it comes down more to how motivated the seller is in getting their paperwork done and how proactive the title company is. There are additional steps for an international seller, for sure, but there are also plenty of examples on the Closing Time thread of domestic sales taking plenty long as well.

 

[HIRyeDVC]

Anyone else seeing rumors of a new direct price increase coming in December to $214 or $217 pp? Will probably impact resale and ROFR prices too. Will probably see another price increase in March in preparation for VDH pricing?

 

[matt and beth]

How much longer? I’m eyeing an international if/when I don’t pass rofr (should be soon)

Careful with the taxes too. IRS almost got me because of some tax you have to pay when dealing with international. Had to reach out to the closing agent which never sent the money in.