Thoughts on Lowball Offer

[E2ME2]

Ah, makes sense! So you are saying that brokers are also probably "flipping" contracts; I know I would! Thanks for the clarification!

What ? How can brokers flip contracts??
Wouldn't their deal also have to go through ROFR?
Would Disney approve/allow for an owner-to-broker sale?
I've never heard of this scenario before. Do you know this for a fact?

 

[stfxkid]

They are fine and handle the closing for us on a purchase with no issues.

Same, we had no issues with them in 2018

 

[Sandisw]

What ? How can brokers flip contracts??
Wouldn't their deal also have to go through ROFR?
Would Disney approve/allow for an owner-to-broker sale?
I've never heard of this scenario before. Do you know this for a fact?

Yes, the contract does have to go through RoFR. Disney doesn’t care who the buyer is unless the buyer has exceeded the limits of ownership.

Some brokers offer to buy at a bargain price if an owners needs a quick sale and doesn’t care.

 

[E2ME2]

Yes, the contract does have to go through RoFR. Disney doesn’t care who the buyer is unless the buyer has exceeded the limits of ownership.

Some brokers offer to buy at a bargain price if an owners needs a quick sale and doesn’t care.

Interesting - leads to more questions:
When broker becomes owner, don't they have to disclose that to potential next buyers?
Then, wouldn't brokers then have to pay the MFs until such time they sold those contracts? ( I guess that only applies if they're stuck with it for more than a year )
How would JohnQPublic know if those brokers offers are taken at ROFR?
I guess the real winner in a lot of those cases becomes DVC, if they ROFR at a very low price and then turn those points around on Direct Contracts. For the distressed sellers, I guess it's kind of a win, in that they are free from the contract regardless who pays them, DVC or broker.
Do you really think this happens much, if at all??

 

[DisMomKY]

Interesting - leads to more questions:
When broker becomes owner, don't they have to disclose that to potential next buyers?
Then, wouldn't brokers then have to pay the MFs until such time they sold those contracts? ( I guess that only applies if they're stuck with it for more than a year )
How would JohnQPublic know if those brokers offers are taken at ROFR?
I guess the real winner in a lot of those cases becomes DVC, if they ROFR at a very low price and then turn those points around on Direct Contracts. For the distressed sellers, I guess it's kind of a win, in that they are free from the contract regardless who pays them, DVC or broker.
Do you really think this happens much, if at all??

I would think the broker sets the price low enough they assume it will get taken in ROFR and therefore, they get a commission without much work and aren’t our money

 

[Drewferin]

Tried another $65 low ball on Aulani this morning through DVC Shop. Dee continues to dislike my offers and added "I will tell you this I have never seen one anywhere near that price pass ROFR"...

She of all people should know that Aulani has NEVER been ROFR by Disney and that a world wide pandemic will negatively influence prices. If April is any sign of things to come Disney will not buy back anything in the foreseeable future. I shouldn't be so aggregated by her nonsense... Sighh

 

[MICKIMINI]

I was being nosy this morning and with the instant price, the owner has to pay MF's , commission and closing costs so, actually those "wholesale" prices are even less! In making a calculation, I came out about $5 less per point. It's a great tool to get insight on the bottom, bottom line. I'm even thinking that a "fair" price might be half way between the retail and wholesale for instance: $100 and $73 which would be $86.50 with seller paying closing and MF's. I also was toying with offering $20 less PP and paying MF's and closing and it came out the exact same bottom line, though haven't found a contract I love. A calculator and a pencil will go a long way to a decent offer in this market!

I also just read an update from one broker regarding ROFR's for April...there were NONE

 

[DisMomKY]

Tried another $65 low ball on Aulani this morning through DVC Shop. Dee continues to dislike my offers and added "I will tell you this I have never seen one anywhere near that price pass ROFR"...

She of all people should know that Aulani has NEVER been ROFR by Disney and that a world wide pandemic will negatively influence prices. If April is any sign of things to come Disney will not buy back anything in the foreseeable future. I shouldn't be so aggregated by her nonsense... Sighh

Is it Bee? She was kind a rude to me when I made an offer and said not to believe people were actually getting stuff at the numbers they say on boards

 

[MICKIMINI]

Tried another $65 low ball on Aulani this morning through DVC Shop. Dee continues to dislike my offers and added "I will tell you this I have never seen one anywhere near that price pass ROFR"...

She of all people should know that Aulani has NEVER been ROFR by Disney and that a world wide pandemic will negatively influence prices. If April is any sign of things to come Disney will not buy back anything in the foreseeable future. I shouldn't be so aggregated by her nonsense... Sighh

A CONTRACT IS WORTH WHATEVER AN OWNER WILL SELL IT FOR, PERIOD - especially with NO ROFR!

 

[MICKIMINI]

Interesting - leads to more questions:
When broker becomes owner, don't they have to disclose that to potential next buyers?
Then, wouldn't brokers then have to pay the MFs until such time they sold those contracts? ( I guess that only applies if they're stuck with it for more than a year )
How would JohnQPublic know if those brokers offers are taken at ROFR?
I guess the real winner in a lot of those cases becomes DVC, if they ROFR at a very low price and then turn those points around on Direct Contracts. For the distressed sellers, I guess it's kind of a win, in that they are free from the contract regardless who pays them, DVC or broker.
Do you really think this happens much, if at all??

YES, I'm friendly with brokers from two different companies. They do it al the time.

 

[Sophie Weaver]

Is it Bee? She was kind a rude to me when I made an offer and said not to believe people were actually getting stuff at the numbers they say on boards

I recently had a negative encounter with a broker (shocker) and I simply let them know that they'd be hearing from me quite often as the market continues to dip and was open to negotiating with their seller. I haven't heard back just yet.

 

[BeachNut]

Is it Bee? She was kind a rude to me when I made an offer and said not to believe people were actually getting stuff at the numbers they say on boards

Hmmm - who to believe - ppl on this board trying to help each other out or a salesperson with a vested interest in keeping prices high?

 

[hlhlaw07]

Is it Bee? She was kind a rude to me when I made an offer and said not to believe people were actually getting stuff at the numbers they say on boards

That’s rich for someone who showed herself to not always be above board with that first Riviera resale contract that hit the market.

 

[DisMomKY]

That’s rich for someone who showed herself to not always be above board with that first Riviera resale contract that hit the market.

What??

 

[AKNOTTS66]

Tried another $65 low ball on Aulani this morning through DVC Shop. Dee continues to dislike my offers and added "I will tell you this I have never seen one anywhere near that price pass ROFR"...

She of all people should know that Aulani has NEVER been ROFR by Disney and that a world wide pandemic will negatively influence prices. If April is any sign of things to come Disney will not buy back anything in the foreseeable future. I shouldn't be so aggregated by her nonsense... Sighh

How is the DVC Shop? I just found the website. Is it similar to DVCresalemarket.com or resales dvc ?

Edited by Mod to add link for DVC Shop
https://*******.com
Please remember to add a link for any business you wish to discuss per DISboards policy.

 

[ljlaurajane]

That’s rich for someone who showed herself to not always be above board with that first Riviera resale contract that hit the market.

How so?

 

[AKNOTTS66]

What??

I'd like to also know about this lol

 

[CastAStone]

Tried another $65 low ball on Aulani this morning through DVC Shop. Dee continues to dislike my offers and added "I will tell you this I have never seen one anywhere near that price pass ROFR"...

She of all people should know that Aulani has NEVER been ROFR by Disney and that a world wide pandemic will negatively influence prices. If April is any sign of things to come Disney will not buy back anything in the foreseeable future. I shouldn't be so aggregated by her nonsense... Sighh

This is beyond absurd. Disney wouldn't ROFR Aulani at $6.50, let along $65. Why would they want MORE inventory of a resort they've been trying to unload for a decade?

 

[hlhlaw07]

What??

How so?

I'd like to also know about this lol

Her shop got the first Riviera resale contract that hit the market and she made a huge deal about it all over Facebook and that it went well below asking. Of course, it turned out the contract was sold to her business partner at the DVC shop. So they basically bought the contract themselves, never really listed, and then touted to everyone they got the first contract and it was sold well under listing when it appeared they never even really listed. Then, of course they turned around listed it for substantially more per point than they had just bought it off the original seller. No problem in making money flipping a contract, it just all seemed really shady and turned me off from ever dealing with them because who knows what they advised that original seller the value of the contract was and the subsequent bragging about it to get traffic to their new website was just in poor taste.

There was a lot of discussion of the shadiness of all of it when it originally went down here on the boards. I’m sure you can probably find the discussion if you search.

 

[heynowirv]

Saw an 80 pt OKW for $85 loaded this morning DEC UY. If it were OCT I'd be all over it!

or Aug,,,LOL