So frustrated with this offer

[christophles]

Thank you for the suggestion. If I don't hear back by noon tomorrow CT, then I will reach out to the title company. I saw a lot of passes late today so hopefully mine was one of those and I'll hear in the morning.

@sndral Thanks again for your suggestion. I reached out today to the title company and got more information out of them than I got from the broker. They stated the contract was submitted to Disney on 8/2. Disney reviewed the contract on 8/18 advising the contract was missing a seller signature. The fully executed contract was submitted to Disney on 9/1.

The broker blaming Disney for slow response times was complete nonsense. One thing I hate more in life is people/companies lying. I would rather have complete honesty instead of being lied to and trying to point the finger at someone else.

To be honest, I fully expect this contract to be bought back by Disney, but it would be a nice surprise if they allowed it to pass.

 

[DonMacGregor]

@sndral Thanks again for your suggestion. I reached out today to the title company and got more information out of them than I got from the broker. They stated the contract was submitted to Disney on 8/2. Disney reviewed the contract on 8/18 advising the contract was missing a seller signature. The fully executed contract was submitted to Disney on 9/1.

The broker blaming Disney for slow response times was complete nonsense. One thing I hate more in life is people/companies lying. I would rather have complete honesty instead of being lied to and trying to point the finger at someone else.

To be honest, I fully expect this contract to be bought back by Disney, but it would be a nice surprise if they allowed it to pass.

See, this is the BS you get with them. How on earth can a broker "miss" a seller's signature before submitting the paperwork? There are literally maybe 2 or 3 spots on a contract where a seller needs to initial and only one where they need to sign. The last page basically has nothing else but an initial and signature line. It makes their ridiculous "admin fee" even more insulting.

But, unsurprisingly, people will continue to tolerate this because they're "getting a deal".

 

[christophles]

See, this is the BS you get with them. How on earth can a broker "miss" a seller's signature before submitting the paperwork? There are literally maybe 2 or 3 spots on a contract where a seller needs to initial and only one where they need to sign. The last page basically has nothing else but an initial and signature line. It makes their ridiculous "admin fee" even more insulting.

But, unsurprisingly, people will continue to tolerate this because they're "getting a deal".

I wasn't sent a revised contract either after the signature issue was corrected and resubmitted to Disney. I still have the original. I wasn't paying the admin fee on this and the seller was actually paying it. I refused to pay the fee for that on this contract.

 

[beldred]

OP here with an update.
Hubs and I have literally been discussing this since it happened on Monday. We had rushed into the offer and started to have regrets because naturally I found the perfect Boardwalk contract (my first choice) about 4 days after we had made the offer. But it seemed rude and bad karma inducing to withdraw at that point because with my luck we'd lose that one and then have nothing.

ANYWAY, we finally decided yesterday to go ahead with it and on the advice of people here to ask for the admin fee to be refunded. It doesn't really fix things but it makes us feel like they at least give a crap. The broker agent we've been dealing with is very nice, I think maybe they just don't follow the process much once the offer is made and accepted. And perhaps that how things usually work, I really don't know.
But yeah, they are refunding our admin fee and said the contract was sent to ROFR on Monday afternoon. So we'll just wait and see now for Disney.

 

[Jimmy Geppetto]

I mean, I did go with them because the contract was cheap. LOL But once you add in all the fees and garbage, since it's a small contract, it brings it up pretty closely to the other brokers. If there's a next time, I'll shop with someone else.

You have to look at the bright side... at least you didn't purchase an OKE Extended contract and instead received an OKW 2042 expiration.

I've said it before and I will say it again... I'm done with Fidelity.

 

[beldred]

And OP one more time... not 3 mins after I posted the last update I got a phone call from the owner. (I think that's who he was? My tinnitus is so bad today I probably shouldn't have tried to talk on the phone. I only hope I wasn't shouting at the poor man.) He said the contact person who left had like 120 contracts or something she had been working on so I guess they've been trying to sort through it all. (So if you have an offer in with them, maybe just check in with your broker and make sure you aren't fallen into a crack.) He apologized and said he had reached out to Disney and requested they expedite. We'll see. Maybe we'll squeak through before the new fiscal year. Not that it's a lowball offer... Disney's been passing BCV at 150 I'm pretty sure from the ROFR thread.

And p.s. He said they had seen my post. I almost apologized and then decided against it. The internet should be a safe place to come vent when it's not professional to vent at the people you are dealing with. Just sharing that because hopefully they have seen the other issues folks have been having and will be making improvements there as well.

Good luck to everyone else in ROFR, may the odds be ever in our favor.

 

[pianomanzano]

And OP one more time... not 3 mins after I posted the last update I got a phone call from the owner. (I think that's who he was? My tinnitus is so bad today I probably shouldn't have tried to talk on the phone. I only hope I wasn't shouting at the poor man.) He said the contact person who left had like 120 contracts or something she had been working on so I guess they've been trying to sort through it all. (So if you have an offer in with them, maybe just check in with your broker and make sure you aren't fallen into a crack.) He apologized and said he had reached out to Disney and requested they expedite. We'll see. Maybe we'll squeak through before the new fiscal year. Not that it's a lowball offer... Disney's been passing BCV at 150 I'm pretty sure from the ROFR thread.

And p.s. He said they had seen my post. I almost apologized and then decided against it. The internet should be a safe place to come vent when it's not professional to vent at the people you are dealing with. Just sharing that because hopefully they have seen the other issues folks have been having and will be making improvements there as well.

Good luck to everyone else in ROFR, may the odds be ever in our favor.

So Fidelity is reading these threads and their quality still hasn’t improved?

Get your act together Fidelity, it’s amazing no one has taken serious action you considering all the bad stories recently here on the boards. It’s not just the incomplete or incorrect contracts, but those post-closing use of points and how you ignore buyers and/or force them to sign new contracts that are especially troublesome.

 

[Huskerpaul]

So Fidelity is reading these threads and their quality still hasn’t improved?

Get your act together Fidelity, it’s amazing no one has taken serious action you considering all the bad stories recently here on the boards. It’s not just the incomplete or incorrect contracts, but those post-closing use of points and how you ignore buyers and/or force them to sign new contracts that are especially troublesome.

Maybe Fidelity should ask DISboards to add them to the censored list so they don't get named and shamed any more

 

[Jimmy Geppetto]

Check out this Fidelity listing:

https://www.fidelityrealestate.com/...b/disneys-grand-floridian-resort-spa/6029274/

Not only can Fidelity cause you additional pain in the process, but if you'd like, you can purchase this GFV contract from them for a higher price than going direct!

 

[pianomanzano]

Check out this Fidelity listing:

https://www.fidelityrealestate.com/...b/disneys-grand-floridian-resort-spa/6029274/

Not only can Fidelity cause you additional pain in the process, but if you'd like, you can purchase this GFV contract from them for a higher price than going direct!

Even better you get half of ‘22 points, because who needs a full allotment!

 

[Jimmy Geppetto]

Even better you get half of ‘22 points, because who needs a full allotment!

I was saving that tidbit incase anyone disagreed with me. LOL

 

[CarolMN]

Check out this Fidelity listing:

https://www.fidelityrealestate.com/...b/disneys-grand-floridian-resort-spa/6029274/

Not only can Fidelity cause you additional pain in the process, but if you'd like, you can purchase this GFV contract from them for a higher price than going direct!

Even better you get half of ‘22 points, because who needs a full allotment!

Not a fan of Fidelity, but it's likely that the price was set by the seller, LOL.

Obviously, buyers need to do a little research if getting the best deal matters to them.

 

[geargrinder]

Not a fan of Fidelity, but it's likely that the price was set by the seller, LOL.

Obviously, buyers need to do a little research if getting the best deal matters to them.

Broker should do a better job assisting their clients. Telling them where there contracts should be priced.

 

[CarolMN]

Broker should do a better job assisting their clients. Telling them where there contracts should be priced.

Agree, but we don't know that they didn't. Some sellers are very stubborn, especially if they need to bring money to close.

 

[pianomanzano]

Broker should do a better job assisting their clients. Telling them where there contracts should be priced.

I think that’s asking a lot of a broker that can’t even get their sellers’ names right on contracts. lol

 

[RoseGold]

Not only can Fidelity cause you additional pain in the process, but if you'd like, you can purchase this GFV contract from them for a higher price than going direct!

That's not fair, those are on every broker right now. Irrational sellers, what can you do. Fidelity is actual better than other brokers about listings priced to sell, IMO. Not that it I actually care about this for when I am just trying to buy a contract.

 

[Jimmy Geppetto]

That's not fair, those are on every broker right now. Irrational sellers, what can you do. Fidelity is actual better than other brokers about listings priced to sell, IMO. Not that it I actually care about this for when I am just trying to buy a contract.

Sure it’s fair. If you want to sell an inferior product for a higher price than direct just to get the listing and commission… you erode the brand you have with knowledgeable buyers.

 

[RoseGold]

Sure it’s fair. If you want to sell an inferior product for a higher price than direct just to get the listing and commission… you erode the brand you have with knowledgeable buyers.

Then by that logic, Fidelity is the right broker use because historically they don't have a lot of that noise. It means nothing to me, and I think it's no big deal to see it there. Just like any inflated real estate listing with someone who isn't realistic. All they need is one buyer I guess.

For all I know, they're just covering their bases in some kind of regulated sale, like a trustee in a bankruptcy who has fiduciary requirements. It makes sense to list it high and take lower in a circumstance like that, when you are required to sell for market value. Selling in a day might not be what they want.

 

[J-Dog]

See, this is the BS you get with them. How on earth can a broker "miss" a seller's signature before submitting the paperwork? There are literally maybe 2 or 3 spots on a contract where a seller needs to initial and only one where they need to sign. The last page basically has nothing else but an initial and signature line. It makes their ridiculous "admin fee" even more insulting.

But, unsurprisingly, people will continue to tolerate this because they're "getting a deal".

Yeah. I know some people swear by resale, and my single resale contract went through with no hiccups, but I just don't get the fascination with resale.

Assuming you're buying a small contract, which most of us do, I just don't see the advantage of buying resale. You're dealing with brokers with varying levels of competence, and waiting, and stressing about ROFR, and waiting some more, all to save a couple of 1000 dollars (at most) over direct. And all for a product that is at least in some ways inferior to buying direct.

It just doesn't seem worth it to me.

 

[RoseGold]

Assuming you're buying a small contract, which most of us do, I just don't see the advantage of buying resale. You're dealing with brokers with varying levels of competence, and waiting, and stressing about ROFR, and waiting some more, all to save a couple of 1000 dollars (at most) over direct. And all for a product that is at least in some ways inferior to buying direct.

Sure, if you buying a 50 point contract, which I wouldn't buy anyway. I'd just rent 50 points. This is the mathematically worst possible way to get DVC between the closing, higher $/pt. Plus that's in a system where renting is right on the line with being mathematically better than perfect purchase, which a direct 50 points contract isn't.

Or you can look at it the other way, that a 3000$ spread matters even more on a 50 point contract, which is already a poor value.