ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[DonMacGregor]

Yes - part of the delay was due to an erroneous email. My understanding, after talking with the agent, was that it was a typo on Mason's side. The more concerning error was that they made a calculation error on the closing documents, and I had to wire additional funds at the eleventh hour. When everything was finally corrected, I asked if my date could be accelerated to make up for the lost time. Mason was non-committal in their reply, and they did not accelerate the date.
It just seems to be luck-of-the-draw, based on my limited resale purchase experience.
I don't have a bias towards either one - I'm typically driven by the best price contract I can find. Then, after seller agreement, I just try to keep the process on track as much as possible. Prepare for the Worst and hope for the Best

Totally understand. By no means would I suggest that anyone is above making errors (I know I sure do). It’s been my experience that most errors begin at the broker end, rather than the title company. Mostly, I’m purely guessing, because the broker has fewer fiduciary responsibilities and can use the ROFR process and title process as a backstop to catch any errors (plus, selling timeshares is like selling McDonald’s cheeseburgers). Title companies, by their very nature and licensing are tasked with ferreting out errors and discrepancies, and issuing insurance policies against any errors. Regardless, glad to hear you’re all through the process.

 

[katriscari]

katriscari---$105-$4008-30-OKW-Apr-0/22, 45/23, 30/24, 30/25- sent 3/23, passed 3/30

 

[varns529]

Our first DVC contract! Hope ROFR monster is still sleeping.

varns529---$102-$18852-160-SSR-Dec-80/22, 160/23, 160/24- sent 4/4, update passed 4/18

Passed today!!

 

[Wendy_Darling_Boston]

Wendy_Darling_Boston---$145-$30060-190-PVB-Dec-172/21, 190/22, 190/23, 190/24- sent 4/18

 

[disney-inspired]

FYI @Wendy_Darling_Boston it's better if you post your line in a separate reply and not hidden in the original post.

Posting it for you here so it's easy for @pangyal to find.

Wendy_Darling_Boston---$145-$30060-190-PVB-Dec-172/21, 190/22, 190/23, 190/24- sent 4/18

 

[disney-inspired]

Passed today!!

Ooo hopefully I will hear soon, too. Mine was submitted on 4/6.

 

[Wendy_Darling_Boston]

FYI @Wendy_Darling_Boston it's better if you post your line in a separate reply and not hidden in the original post.

Posting it for you here so it's easy for @pangyal to find.

Wendy_Darling_Boston---$145-$30060-190-PVB-Dec-172/21, 190/22, 190/23, 190/24- sent 4/18

Oh my gosh, thank you so much. I was totally lost trying to figure out where to put this and how to alert everyone! For the future, should I have just replied or done a new post? I wasn't sure what to list as the subject.

 

[Mrsjoneslilac]

Mrsjoneslilac---$133-$11137-75-CCV@WL-Jun-0/22, 127/23, 75/24- sent 4/18

 

[disney-inspired]

Oh my gosh, thank you so much. I was totally lost trying to figure out where to put this and how to alert everyone! For the future, should I have just replied or done a new post? I wasn't sure what to list as the subject.

You can just reply to the thread.

 

[Paul Stupin]

We will agree to disagree.

I think Sandi’s right, though. You might think the brokers are disrespectful, but, on the other hand, they’re being very respectful of their sellers. And I would also bet they’re knowledgeable enough about who they’re working for to know the sellers who would take a lower price vs. those who would be annoyed and start ranting to them about wasting their time, and questioning their competence.

If I were a broker, I’d rather annoy the lowball buyer than the seller to whom I’m contracted, for whom I’m doing my best to get a decent sales price. They’re also human, with some no doubt being a little frustrated as well to get an offer substantially below average. As has been discussed many times, there are plenty of buyers out there, most of whom do not read this board, who do not put out a ton of simultaneous offers, who help reinforce those higher prices we see all the time on various charts.

And, all of us being potential future sellers, we should be glad those buyers are out there!

 

[Kabby]

Reposting because it looks like my earlier post got missed in the update

Kabby---$115-$6705-50-AKV-Mar-0/22, 100/23, 50/24, 50/25- sent 4/6

 

[Jimmy Geppetto]

I think Sandi’s right, though. You might think the brokers are disrespectful, but, on the other hand, they’re being very respectful of their sellers. And I would also bet they’re knowledgeable enough about who they’re working for to know the sellers who would take a lower price vs. those who would be annoyed and start ranting to them about wasting their time, and questioning their competence.

If I were a broker, I’d rather annoy the lowball buyer than the seller to whom I’m contracted, for whom I’m doing my best to get a decent sales price. They’re also human, with some no doubt being a little frustrated as well to get an offer substantially below average. As has been discussed many times, there are plenty of buyers out there, most of whom do not read this board, who do not put out a ton of simultaneous offers, who help reinforce those higher prices we see all the time on various charts.

And, all of us being potential future sellers, we should be glad those buyers are out there!

Then based on your opinion You’d be a bad broker just like the rest of them IMO.

A broker can simply say “offer was declined”. No need to school an educated buyer or be condescending to them or state inaccurate facts about ROFR. The peak of the market is over. Low ball bids are here until ROFR is back.

 

[jomik1]

Jomik1---$92-$12205-120-SSR-Mar-0/22, 60/23, 120/24, 120/25- sent 4/10

UGH! just found out that due to a "Glitch", our contract was never submitted to Disney for ROFR. Hoping it will be submitted tomorrow. Seriously, how does Fidelity keep doing this. I've noticed we're not the only ones who have experienced their "Glitches". Very Frustrating!

 

[lilsonicfan]

UGH! just found out that due to a "Glitch", our contract was never submitted to Disney for ROFR. Hoping it will be submitted tomorrow. Seriously, how does Fidelity keep doing this. I've noticed we're not the only ones who have experienced their "Glitches". Very Frustrating!

How did you find out it wasn’t actually submitted on 4/10?

 

[Galactic Reversal]

Wendy_Darling_Boston---$145-$30060-190-PVB-Dec-172/21, 190/22, 190/23, 190/24- sent 4/18

Wait what!? Amazing Poly deal, about $117/pt normalized (assuming you use the loaded points). Closer to $110/pt assuming you rented them all out immediately at $18/pt. I think you just took pkrieger's lunch!

Side note, since I'm sort of new here...I don't understand including 2021 in the data string? Wouldn't the 172 points have been forfeit on 12/1/2022, or does that just mean they were banked from 2021 into 2022?

Also, does anyone think point rental prices will come down? Has that happened in the past? It seems plausible given the widening gap between the $/pt implied by these recent sales and what you can get renting them out.

 

[jomik1]

How did you find out it wasn’t actually submitted on 4/10?

My husband got an email notification that there was a "Glitch" with our deposit paperwork that he originally submitted so he had to resubmit them. He resubmitted them this afternoon and confirmed that they have received it. He tried to confirm that it was finally submitted but he never heard back on that. He's going to try to confirm that again tomorrow

 

[Cyberc1978]

UGH! just found out that due to a "Glitch", our contract was never submitted to Disney for ROFR. Hoping it will be submitted tomorrow. Seriously, how does Fidelity keep doing this. I've noticed we're not the only ones who have experienced their "Glitches". Very Frustrating!

I just experienced the same, mine had the sellers name wrong so I just keep waiting.

 

[Cyberc1978]

I think Sandi’s right, though. You might think the brokers are disrespectful, but, on the other hand, they’re being very respectful of their sellers. And I would also bet they’re knowledgeable enough about who they’re working for to know the sellers who would take a lower price vs. those who would be annoyed and start ranting to them about wasting their time, and questioning their competence.

If I were a broker, I’d rather annoy the lowball buyer than the seller to whom I’m contracted, for whom I’m doing my best to get a decent sales price. They’re also human, with some no doubt being a little frustrated as well to get an offer substantially below average. As has been discussed many times, there are plenty of buyers out there, most of whom do not read this board, who do not put out a ton of simultaneous offers, who help reinforce those higher prices we see all the time on various charts.

And, all of us being potential future sellers, we should be glad those buyers are out there!

If you are the type of person who on are regular basis are disrespectful then it doesn't matter if you are buyers, sellers, friends or family. This is not something that you just turn on/off

As a broker you shouldn't annoy anyone.

a Broker could have or maybe even should have agreed with the seller that any offer below $xx will be respectfully declined - then no reason to keep coming back to the seller with any low ball offers.

If the listing wasn't sold after ie 30 days the broker could update the seller with how many offers that they received and what the average price pp was including high and low. Then the seller would be informed and could decide if their asking price was either too high or if they have enough time to wait.

You are correct there are many buyers out there, but word get around and maybe not just from here.

Those charts with the average/low/high prices of each resort, they got me thinking over the years - Who benefits most from them? I would say the brokers as their commission is directly tied to them. Also no one can really tell if the listed $ prices are correct or just made up. Potential sellers also benefits IF and that's a BIG if they actually sell at the price the brokers more or less are promising them.

 

[jomik1]

Jomik1---$92-$12205-120-SSR-Mar-0/22, 60/23, 120/24, 120/25- sent 4/10

EDITED: Jomik1---$92-$12205-120-SSR-Mar-0/22, 60/23, 120/24, 120/25- sent 4/19

Updated string to show that our contract wasn't actually sent into Disney for ROFR until today.

 

[Galactic Reversal]

Those charts with the average/low/high prices of each resort, they got me thinking over the years - Who benefits most from them? I would say the brokers as their commission is directly tied to them. Also no one can really tell if the listed $ prices are correct or just made up. Potential sellers also benefits IF and that's a BIG if they actually sell at the price the brokers more or less are promising them.

Brokers benefit from having the real-time information, and always pricing contracts above market value. Whereas we have to depend on their reports which often lag the market by at least one month. In a hot market their list prices look reasonable compared to the lagged reports and upward trend. In the current market they can point to data averaged over the last few months and paint a rosier picture. That's why this thread is so valuable as we're able to share information in real-time and arguably get a better perspective on the whole market, rather than being limited to just one broker's business. Although it's probably the case that this thread's data suffers from some selection bias as those participating in the thread and most-likely to post their results are also those most-likely to have gotten the best deals.

Another thing that bothers me about the reports some brokers publish, is that they don't discuss their methodology. How are they accounting for the time-value of money, banked points, waived dues and/or closing costs, use year desirability, contract size? I think the answer is that they're probably not accounting for any of that, which is problematic.