ROFR Thread January to March 2025 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[heynowirv]

Slightly off topic but is anyone else seeing fewer categories in the ‘Status’ field on dvcforless compared to a few weeks ago?

I also find them not accurate on some contracts. Yesterday I saw 3 contracts with inacurate points listed from 2 different brokers.

 

[heynowirv]

I’m crushed

They'll be another one very shortly.

 

[davidhr]

I’m assuming ROFR process starts all over when they have to make an addendum correct?

I had to make an addendum for my last one and didn’t delay ROFR.

 

[AmyJoyce]

AmyJoyce---$87-$12730-140-BWV-Aug-0/23, 7/24, 2/25, 140/26- sent 12/18, passed 1/9

 

[fflmaster]

Gotta love when the broker calls you to say your offer is too low and that all contracts are going for virtual asking price.

Made an offer on Copper Creek that has been sitting for two weeks. Told the owner rather rent then take lower then listed price, and that why would any seller take less then at least 95% of asking.

Did she think I would say ok let me raise my offer to asking? Or just wanted to scold me?

Was very polite, said thank you and I will bid on the next contract I am interested in.

Ironically, maybe I should have told her I just purchase two contracts from brokers at her resale location for much less than 95% of asking.

 

[AstroBlasters]

Gotta love when the broker calls you to say your offer is too low and that all contracts are going for virtual asking price.

Made an offer on Copper Creek that has been sitting for two weeks. Told the owner rather rent then take lower then listed price, and that why would any seller take less then at least 95% of asking.

Did she think I would say ok let me raise my offer to asking? Or just wanted to scold me?

Was very polite, said thank you and I will bid on the next contract I am interested in.

Ironically, maybe I should have told her I just purchase two contracts from brokers at her resale location for much less than 95% of asking.

It seems that she is giving the seller good advice though if they don’t need the lump sum right away….

 

[atots]

Gotta love when the broker calls you to say your offer is too low and that all contracts are going for virtual asking price.

Made an offer on Copper Creek that has been sitting for two weeks. Told the owner rather rent then take lower then listed price, and that why would any seller take less then at least 95% of asking.

Did she think I would say ok let me raise my offer to asking? Or just wanted to scold me?

Was very polite, said thank you and I will bid on the next contract I am interested in.

Ironically, maybe I should have told her I just purchase two contracts from brokers at her resale location for much less than 95% of asking.

I had a similar experience where I made an offer that I didn't think was unreasonable based on these threads, she replied and told me she hasn't seen anything listed that low in a scolding way and my counter offer was not passed on to the seller. I don't know why some brokers think that bullying and alienating potential buyers (or even potential sellers down the line) is the best idea. I certainly won't bid on a contract on that site ever again. And thank you very much but I closed yesterday on a contract $3 less than that bid.

 

[TinkAgainU]

PV studio would allow 7 nights almost never on a 150 point contract. It would allow you to do so in periods 1 and 2 only September, January, and part of May. Not exactly most of the year. Now, shorter trips sure, they can work on less than 7 for more of the year.

Keep in mind, a lot of people are fine only using their DVC contract every other year, or even once every three years (although, as you mentioned that makes Banking and Borrowing a Very serious project lol). Seven nights every single year for some families who fly in, might actually seem to be too much of a commitment for the exact same resort every year.

 

[Brian Noble]

The ROFR threads are the bottom of the market, and the market is a range. If someone doesn't need the cash in the short term, it makes sense to let the listing sit a bit rather than take a bottom-end offer.

 

[jcolvin5]

The ROFR threads are the bottom of the market, and the market is a range. If someone doesn't need the cash in the short term, it makes sense to let the listing sit a bit rather than take a bottom-end offer.

My perspective completely changed when I became the seller of a contract. My offers for buying are now modified with that newly found knowledge.

 

[bk1273]

My perspective completely changed when I became the seller of a contract. My offers for buying are now modified with that newly found knowledge.

Just curious. How has it changed?

 

[jcolvin5]

Just curious. How has it changed?

I generally feel that the brokers are protecting the seller. I didn't view it that way before. I understand why they, at times, seem reluctant to send an offer to the seller. It's probably because they have additional context on WHY the seller has chosen to sell and potentially at a specific price.

The good ones should be having these conversations, IMO.

 

[heynowirv]

I generally feel that the brokers are protecting the seller. I didn't view it that way before. I understand why they, at times, seem reluctant to send an offer to the seller. It's probably because they have additional context on WHY the seller has chosen to sell and potentially at a specific price.

The good ones should be having these conversations, IMO.

It also affects the brokers bottom line

 

[Brian Noble]

But only marginally. It's much better for business to make sure your client is happy and generates good word of mouth---or, better yet, comes back when they want to buy/sell again.

 

[jcolvin5]

It also affects the brokers bottom line

Sure, but that's short term thinking. I would hope they are into longer term relationships on both sides of the coin. That's better, IMO, from any company's strategic perspective. The good ones know this.

 

[fflmaster]

The ROFR threads are the bottom of the market, and the market is a range. If someone doesn't need the cash in the short term, it makes sense to let the listing sit a bit rather than take a bottom-end offer.

I actually look at it like the ROFR is the average. Why do you feel this thread is at the bottom of the market? I wonder if there is a public website that shows the paid pricing for DVC contracts. Not the recording, but the sold price for the points. Just like if you were to look up a home, it would say who and what the person paid.

 

[Brian Noble]

Because no one comes here to brag about their $10pp-over-the-minimum purchase.

 

[AstroBlasters]

I actually look at it like the ROFR is the average. Why do you feel this thread is at the bottom of the market? I wonder if there is a public website that shows the paid pricing for DVC contracts. Not the recording, but the sold price for the points. Just like if you were to look up a home, it would say who and what the person paid.

This thread is definitely not the average.

 

[Brian Noble]

When Disney was more actively taking things back, you could almost argue that the thread was representative. It wasn't, but at least it was mostly in service of "what's the lowest price that will pass."

Now, it's pretty much "What's the lowest price at which I can convince someone to sell."

 

[MarkNC2Disney]

But only marginally. It's much better for business to make sure your client is happy and generates good word of mouth---or, better yet, comes back when they want to buy/sell again.

Yup, and in this business, moving contracts (volume) is much more important than a few dollars difference in purchase price. I’m surprised DVCRM recommends the prices they do, knowing the contracts won’t move nearly as quickly at it.

But what do I know