Should we pass on this contract???

[erikawolf2004]

We have an accepted offer for $60 100 BWV DEC UY with 2010 points still available through Fidelity, but they are behind on thier MF so they can't bank the points and I'm afraid we won't close before the July 31st deadline....should we pass on this one??? I want the contract, but want to make sure we get the points from 2010 also....what do you guys think???

TSMIA,
Erika

 

[CarolMN]

Two options for you to consider -

Write into the contract that if the contract isn't closed by 7/15/2011, it is null and void and you get all of your money back. You need 7-10 days after closing to get into the system so that you can bank.

Make another offer and subtract $10/point from the total price of the contract for every 2010 point that you do not think you will be able to use by 11/30/2011 (that's when the 2010 points expire if they cannot be banked).

If neither of those appeal to you or aren't accepted by both the seller and Fidelity, then I think you should back out now and look for another contract. FWIW, I'd probably just back out now - there will be another contract.

Good luck!

 

[JimMIA]

I would rescind, demand your money back, and go to another broker. I don't know why people continue to do business with Fidelity in the face of all of the problems reported on them.

 

[JimMIA]

Also, you paid WAY too much. Two contracts have recently passed ROFR at $46 and $48.

If you really want that contract, rescind and offer $45.

 

[erikawolf2004]

Also, you paid WAY too much. Two contracts have recently passed ROFR at $46 and $48.

If you really want that contract, rescind and offer $45.

I saw those also, they didn't have any 2010 points and were for 150 points, so I figured that we would be paying the $1000 for the 2010 points and then a little extra for the smaller contract. But we might let this one go and keep looking.

 

[JimMIA]

I saw those also, they didn't have any 2010 points and were for 150 points, so I figured that we would be paying the $1000 for the 2010 points and then a little extra for the smaller contract. But we might let this one go and keep looking.

You're right; I didn't read the fine print.

That said, though, whatever points a contract has makes no difference to Disney in their ROFR review. They can add points, repackage them in different-sized contracts, whatever they want.

So those prices are still valid prices to likely pass ROFR. The only challenge would be to find a seller to take a lower price.

 

[Deb & Bill]

And if they are behind in their member fees, there is no guarantee that Disney won't foreclose before you get through ROFR. Find another broker. Send out an e-mail to any of the other three who specialize in DVC and ask them to notify you if they get a contract that meets your needs.

 

[marie1981]

I would rescind, demand your money back, and go to another broker. I don't know why people continue to do business with Fidelity in the face of all of the problems reported on them.

Well, I am presently closing my fourth contract with Fidelity and very happy with them.

Sure, there are little things that were not perfect, but this is a 4 people deal:
Seller, buyer, broker and closer ... so it is normal that it is not always 100 % smooth...

Fidelity might no give the best customer services, but they have very good contracts listed.... buying a contract is a 2-3 months adventure, the contract itself is a 30-40 years adventure... I have been locking the 3 main brokers for my UY and points I wanted, Fidelity was the only one with the contrats that fitted my requests.

You just have to be pro-activ and you eliminate many problems that way...

 

[Deb & Bill]

Well, I am presently closing my fourth contract with Fidelity and very happy with them.

Sure, there are little things that were not perfect, but this is a 4 people deal:
Seller, buyer, broker and closer ... so it is normal that it is not always 100 % smooth...

Fidelity might no give the best customer services, but they have very good contracts listed.... buying a contract is a 2-3 months adventure, the contract itself is a 30-40 years adventure... I have been locking the 3 main brokers for my UY and points I wanted, Fidelity was the only one with the contrats that fitted my requests.

You just have to be pro-activ and you eliminate many problems that way...

Evidently you have missed all the threads recently about problems with Fidelity. Including them offering a contract for sale that the seller didn't even own any more.

 

[JimMIA]

Well, I am presently closing my fourth contract with Fidelity and very happy with them.

Sure, there are little things that were not perfect, but this is a 4 people deal:
Seller, buyer, broker and closer ... so it is normal that it is not always 100 % smooth...

Fidelity might no give the best customer services, but they have very good contracts listed.... buying a contract is a 2-3 months adventure, the contract itself is a 30-40 years adventure... I have been locking the 3 main brokers for my UY and points I wanted, Fidelity was the only one with the contrats that fitted my requests.

You just have to be pro-activ and you eliminate many problems that way...

Good luck to you Marie.

 

[marie1981]

Evidently you have missed all the threads recently about problems with Fidelity. Including them offering a contract for sale that the seller didn't even own any more.

I did not missed all those threads, I just talked about my personal experience. I am aware of all the problems people had with Fidelity.

I just wanted to say that everything is not black and white.

I did not wanted to say that Fidelity is the best. But, they seem to have more contracts.

I wish I had the pleasure to deal with Timeshare Store, which is very apreciated from the people of the forum, but they never had the contract I was looking for...

 

[erikawolf2004]

Thank you everyone for your input. I sent Rachel an email saying we would take it if the reduced it to $50, which I'm guessing they won't, so we will look for other options.
Warmly, Erika