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

[disneylandtour]

We passed ROFR on our first DVC contract today! This was a “low but firm” contract which was originally listed about 5% lower - we jumped on it the day it was listed, and increased our offer due to multiple bidders.

There used to be a general code among DVC brokers that the first full-priced offer got the contract, even if there were overbidders. I had a conversation with one broker about a year ago who simply shook his head that others were allowing overbidding to take place. I can tell you that, with 100% certainty, that the first full-priced offer is still given the contract, despite overbidding, at other brokers. Sigh.

 

[disneylandtour]

#goals

There was this couple who stayed at DVC for a full year back in--was it?--2022 or so.

 

[AstroBlasters]

There used to be a general code among DVC brokers that the first full-priced offer got the contract, even if there were overbidders. I had a conversation with one broker about a year ago who simply shook his head that others were allowing overbidding to take place. I can tell you that, with 100% certainty, that the first full-priced offer is still given the contract, despite overbidding, at other brokers. Sigh.

As a seller, I would want the best offer during the first day…. not just the first offer.

 

[disneylandtour]

As a seller, I would want the best offer during the first day…. not just the first offer.

I don't disagree. But it adds a new and not so savory aspect into resale contracts now--something advertised a little low to generate offers to then produce a bidding war, a la residential real estate. "I have a potential buyer who is offering $5pp over asking, would you like to increase your offer?"

 

[AstroBlasters]

I don't disagree. But it adds a new and not so savory aspect into resale contracts now--something advertised a little low to generate offers to then produce a bidding war, a la residential real estate. "I have a potential buyer who is offering $5pp over asking, would you like to increase your offer?"

I know I have bid UNDER asking and received a response that the seller already has another offer at $x and countered at $y and I can have it at $y if I respond back before the original offer.

 

[disneylandtour]

I know I have bid UNDER asking and received a response that the seller already has another offer at $x and countered at $y and I can have it at $y if I respond back before the original offer.

I'd say that under-bidding is more fair game for this. But, IMO, a full-priced offer is--or used to be--different.

 

[AstroBlasters]

I'd say that under-bidding is more fair game for this. But, IMO, a full-priced offer is--or used to be--different.

Yeah, I agree with you. You’d like a reward for being the first person to commit to an expensive purchase…. but I get it….

 

[Kristine3204]

Kristine3204 —- $100-$12530-100-AKV-Dec-200/24, 100/25, 100/26 - sent 12/13 - addendum added 12/27

Forgot to update this.

Kristine3204 —- $100-$12530-100-AKV-Dec-200/24, 100/25, 100/26 - sent 12/13 - addendum added 12/27 - passed 1/14/25

 

[Chili327]

We met a retired couple at dinner last week at Epcot (that is from outside the U.S.) who told us that they are staying on-property with DVC points for three months for the winter! I almost spit out my drink!! LOL!

I could see spending 90 days in WDW, but not in the same trip, I'd break it up into 2 week trips, so like 6 trips.

There was this couple who stayed at DVC for a full year back in--was it?--2022 or so.

You mean "Here with the Ears" ?
They spent a year, but it wasn't all DVC, they were making room review content for their YouTub3 channel.

 

[Knight0221]

So it looks like the only contacts they have taken so far this year or even recently is AKV?
And what contract are we waiting on? Yep AKV.... Throw me some pixie dust please.

Same. Mine was one that was taken this month. Have another AKL offer in so hoping it doesn't get taken again. Ugh

 

[heynowirv]

Same. Mine was one that was taken this month. Have another AKL offer in so hoping it doesn't get taken again. Ugh

I be rooting for both of us.

 

[Tx3Mom]

Tx3Mom---$162-unknown-70-PVB-Feb-0/24, 12/25, 70/26- sent 1/3, passed 1/21-Seller

Tx3Mom---$161-unknown-70-PVB-Feb-0/24, 0/25, 70/26- sent 1/3, passed 1/21-Seller

 

[Tx3Mom]

Tx3Mom---$92.5-$12281-110-SSR-Feb-81/24, 110/25, 110/26-Seller pays MF ‘24’- sent 1/3, passed 1/22

This is a little higher than what I paid for my Saratoga contract in 2022. However, contracts in my year use were limited. Seller was originally asking $104 a point.

 

[Boosterman]

Tx3Mom---$92.5-$12281-110-SSR-Feb-81/24, 110/25, 110/26-Seller pays MF ‘24’- sent 1/3, passed 1/22

This is a little higher than what I paid for my Saratoga contract in 2022. However, contracts in my year use were limited. Seller was originally asking $104 a point.

Would you just be forfeiting 81 points that are in still in '24 UY?

 

[Tx3Mom]

Would you just be forfeiting 81 points that are in still in '24 UY?

They were banked into 2025 so at least I can use them this year.

 

[Boosterman]

They were banked into 2025 so at least I can use them this year.

Nice - glad the seller banked them before the deadline.

 

[Chili327]

Tx3Mom---$92.5-$12281-110-SSR-Feb-81/24, 110/25, 110/26-Seller pays MF ‘24’- sent 1/3, passed 1/22

This is a little higher than what I paid for my Saratoga contract in 2022. However, contracts in my year use were limited. Seller was originally asking $104 a point.

They were banked into 2025 so at least I can use them this year.

You should edit the info to show the points are in 2025. I believe like this..

Tx3Mom---$92.5-$12281-110-SSR-Feb-0/24, 191/25, 110/26-Seller pays MF ‘24’- sent 1/3, passed 1/22

 

[Tx3Mom]

You should edit the info to show the points are in 2025. I believe like this..

Oh sorry, thanks!

 

[Tx3Mom]

Tx3Mom---$92.5-$12281-110-SSR-Feb-0/24, 191/25, 110/26-Seller pays MF ‘24’- sent 1/3, passed 1/22

Corrected!

 

[jayt684]

There used to be a general code among DVC brokers that the first full-priced offer got the contract, even if there were overbidders. I had a conversation with one broker about a year ago who simply shook his head that others were allowing overbidding to take place. I can tell you that, with 100% certainty, that the first full-priced offer is still given the contract, despite overbidding, at other brokers. Sigh.

Yes, I was expecting “first full-priced offer gets the contract”, and was a little surprised when the broker responded that multiple offers had been submitted. Ultimately, we were willing to offer the additional few $/pt we were comfortable with and let the chips fall wherever they may, and we’re OK with not setting the disboards world record AKV deal. I do wonder whether there actually were multiple bidders though… If/when we buy another contract in the future or need to sell someday in the distant future, we will be considering other brokers.