Secrets To Passing ROFR

[wonka27]

I plan on making an offer in the next two weeks.

I've read some stuff about ROFR and looked at the lists of people who made it and who didn't. To be honest, I don't see a trend. I know really bad lowball bids didn't make it, and really high bids did, but I see some in the made list that didn't make sense compared to others that were ROFR'd. Is there any secret here?

The contracts I'm looking at have no points until '08 (I believe this is known as "stripped" and prices in the low $80/pt range at SSR. I don't know if I should offer a few bucks more to be sure or go for it. Does ROFR hinge on closing costs...meaning does Disney care about that or is it more the price and points left.

Any help would be appreciated...

 

[Anthony1971]

You will have a better chance if you offer a higher amount and have the seller pay the closing costs.
I think the trend was 84 or under Disney would buy SSR so to be safe you need to offer 84 or above the higher the better chance but you still can loose it if Disney has a need as the currnet cost is at best 7 higher anf for most sales it would be 10 higher with all promotions

 

[wonka27]

That is sort of what I was thinking of trying.

Another question...I'm assuming since they have their '07 points already that there wouldn't be an expectation of me paying any of the '07 MF?

 

[chalee94]

doesn't DVC take into account whether you are already a member in the ROFR process? maybe that would account for some of the differences.

also, since ROFR allows DVC to step into the role of the buyer, my guess is that it doesn't matter how the closing costs are structured (i.e. the seller will still be responsible for closing costs if DVC steps in, so the actual net cost per point is probably more relevant than how it's structured.)

Another question...I'm assuming since they have their '07 points already that there wouldn't be an expectation of me paying any of the '07 MF?

that's a reasonable assumption but i'd still make sure that was in writing.

 

[CarolMN]

...(snip)....Another question...I'm assuming since they have their '07 points already that there wouldn't be an expectation of me paying any of the '07 MF?

Current year maintenance fees are a negotiable item and the party responsible for paying them (or reimbursing the person who di pay them) should be spelled out in your purchase agreement. Do not assume!

 

[wonka27]

Current year maintenance fees are a negotiable item and the party responsible for paying them (or reimbursing the person who di pay them) should be spelled out in your purchase agreement. Do not assume!

Thank you...I understand it must be in writing. I was just more trying to get a feel for the typical situation. As far as I'm concerned I won't contract with anyone that has used all their points for the year and expects me to foot the MF...

 

[BWV Dreamin]

The day I passed ROFR, the stock market had dropped almost 500 points.

 

[CarolMN]

The day I passed ROFR, the stock market had dropped almost 500 points.

Please let us know in advance the next time you add on via resale.

Some of us may need to make some "adjustments" in our retirement portfolios.

Thank you.