Anyone made it through (or not made it through) ROFR recently? - Section V

[jcotten]

Originally Posted by Scotch

Congrats! Could you share the other details -- use year, banked points if any, who paid what fees, etc.?

Sure thing, we paid 2013 fees plus closing costs,500 pts, uy sept , 240 2012 available points, no banked ,started to ask seller to pay some closing , but I understand that better chance of passing rofr if buyer pays, not sure it it is true but didn't want to take any chances

[zgirlz]

Contract sent to Disney on the 14th, today received email from realtor stating they were contacted by Disney and that we had more banked points available than we had signed contract for. So they wanted us to revise contract with new numbers. The question I have is has anyone else been through this and can I get my hopes up that Disney will pass on rofr once they get the correct numbers? Otherwise why would Disney care if the were taking it back? Just hoping on my part

[dbs1228]

Originally Posted by zgirlz

Contract sent to Disney on the 14th, today received email from realtor stating they were contacted by Disney and that we had more banked points available than we had signed contract for. So they wanted us to revise contract with new numbers. The question I have is has anyone else been through this and can I get my hopes up that Disney will pass on rofr once they get the correct numbers? Otherwise why would Disney care if the were taking it back? Just hoping on my part

Not sure of the answer but I would certainly be asking my broker that question and asking why the numbers are not right - that is what they are getting paid to do!!!!!!!!! They are now holding up the process of your contract. Good luck let us know what happens

[zgirlz]

Broker stated they did check with Disney prior to submitting and were given a different number then original contract so we did go through a resigning, now Disney contacted them with this new number which is a better number for us! Broker told us it is up to Disney if they want to pick it up at this point or to have us resubmit. We sent the resigned papers back right away, now just have to wait. This is our second try, first one was taken by Disney.

[AppleDisneyDad]

Originally Posted by zgirlz

Broker stated they did check with Disney prior to submitting and were given a different number then original contract so we did go through a resigning, now Disney contacted them with this new number which is a better number for us! Broker told us it is up to Disney if they want to pick it up at this point or to have us resubmit. We sent the resigned papers back right away, now just have to wait. This is our second try, first one was taken by Disney.

This same thing happened to me. Started with 44 '12 points. Ended with 160 for the original price.

[dbs1228]

Originally Posted by zgirlz

Broker stated they did check with Disney prior to submitting and were given a different number then original contract so we did go through a resigning, now Disney contacted them with this new number which is a better number for us! Broker told us it is up to Disney if they want to pick it up at this point or to have us resubmit. We sent the resigned papers back right away, now just have to wait. This is our second try, first one was taken by Disney.

Well that is good if it was Disney's error then the contract should pick up where it left off and you lost no time. I just never have heard of that happening and I would have thought the sellers would have known exactly how many points they had (unless they did know and disney said differently? - but for both the sellers and Disney to have incorrect point account seems strange! GOOD LUCK hope you pass right through!

[quandrea]

I'm helping friends with a first time resale offer. If they are looking at OKW and SSR contracts with all or most of current use year points and all of next use year points in tact how much is a reasonable offer? I see that OKW has passed as low as $52 and SSR has passed for $50 and even $48. Woudl they get by ROFR with those kind of numbers?

[lodge]

Originally Posted by quandrea

I'm helping friends with a first time resale offer. If they are looking at OKW and SSR contracts with all or most of current use year points and all of next use year points in tact how much is a reasonable offer? I see that OKW has passed as low as $52 and SSR has passed for $50 and even $48. Woudl they get by ROFR with those kind of numbers?

I wish we had the system figured out for what is taken by ROFR. Sometimes those taken are surprisingly high or those not, low.

[bobbiwoz]

You have to find an owner willing to take those low offers. I think you show the person interested in buying the first page of this thread, and talk it over with them. Size of contract does have a bearing on price.

[quandrea]

Originally Posted by bobbiwoz

You have to find an owner willing to take those low offers. I think you show the person interested in buying the first page of this thread, and talk it over with them. Size of contract does have a bearing on price.

Am I right in saying, the more points, the lower the price per point? They are looking for 150 to 250 points.

[kkolbusz1]

Originally Posted by quandrea

Am I right in saying, the more points, the lower the price per point? They are looking for 150 to 250 points.

IVe been asking the brokers. Julie at resalebydvc says theyre consistantly selling for $61-$66/pp. Theyre getting rofr'd in the high 50's lower 60s. Just asked kin this morning, he said one got taken back at $62. I read another got taken back on the 11th at $64.50. We offered $3 over asking price cause we felt $60pp was too low & were willing to pay more. Imo anything in the 50s will get taken now. Theres nothing listed for that low & especially with the prices going up direct i could guess that resales would potentially go up slightly.

[silmarg]

I guess it depends on your patience if you want to test the low end of the market.

Alternatively, if you find the perfect contract, there is no sin in paying a couple dollars more to add a dose of certainty to the deal.

[ELMC]

Originally Posted by quandrea

I'm helping friends with a first time resale offer. If they are looking at OKW and SSR contracts with all or most of current use year points and all of next use year points in tact how much is a reasonable offer? I see that OKW has passed as low as $52 and SSR has passed for $50 and even $48. Woudl they get by ROFR with those kind of numbers?

I'm all for trying to get a good deal, but this is not the time. These numbers are very deceiving as the market has completely changed since contracts were passing at those rates. Demand is higher, ROFR activity is indirectly pushing prices up and buyers are being more aggressive. If you're looking for a bargain, I wouldn't buy in this marketplace. If you're looking to get a contract, I would go in bidding around $55 per point on SSR and $52 on OKW and prepare to get either outbid or negotiated up. Good luck.

[dbs1228]

If I had known 3 weeks ago what I do today I would have upped our offer by at least 6.00PP over asking just to hope we will pass - too late now just wait and see!

[DougEMG]

Originally Posted by ELMC

I'm all for trying to get a good deal, but this is not the time. These numbers are very deceiving as the market has completely changed since contracts were passing at those rates. Demand is higher, ROFR activity is indirectly pushing prices up and buyers are being more aggressive. If you're looking for a bargain, I wouldn't buy in this marketplace. If you're looking to get a contract, I would go in bidding around $55 per point on SSR and $52 on OKW and prepare to get either outbid or negotiated up. Good luck.

Yeah, a completely different market then a year ago. Since last summer resale prices have been going up. A lot more stripped contracts on the market as well.