ROFR Thread January to March 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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Lorilais_mommie said:
We will try again, but at a lower price point.. We went up higher Bc the market jumped $4-$5 a point with buyers in a mad rush to grab any contract and get it to Disney before the 19th. My broker and his office were pulling 16ours days to get all the contracts in on time.
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Yeah. I almost Wish our current one gets taken because I think we offered too much...
 
Lorilais_mommie said:
We will try again, but at a lower price point.. We went up higher Bc the market jumped $4-$5 a point with buyers in a mad rush to grab any contract and get it to Disney before the 19th. My broker and his office were pulling 16ours days to get all the contracts in on time.
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I saw the same thing in prices but seems like the direct price increase “announcement” (that felt more like a well placed leak) also played a big part. I had sellers that pulled their contract before they gave an answer to my offer. The reason the broker gave was because of the price increase she thought this VGF contract, listed at $163, was now worth in the $170s.
 
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adais said:
i would say screw it and rent points but my husband said no we go for a new contract and try again. he doesn't care for the 2 new resorts so the restrictions don't bother him.
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We also would go for a new contract if we lost this to ROFR.
 


meekey7197 said:
Yeah. I almost Wish our current one gets taken because I think we offered too much...
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If your contract gets taken, doesn't this mean that you offered too little? The thing is, we keep agonizing over a few dollars per point as we haggle with the sellers, where this really does not matter compared to the savings vs. buying direct, especially if we end up keeping the contract for many years.
 


meekey7197 said:
So I’m curious, who has a plan if the contract they are waiting on now gets ROFR’d? Will you still buy resale? Do the restrictions matter to you that much?

I can’t decide if we should have another waiting in the wings or take our time if our current one gets taken...
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If mine gets taken I am going to wait and reassess. The restrictions do matter to me, especially since I don't own any points currently. I can't see myself paying direct prices though so I may just keep using other means to stay at WDW, like renting points. I guess if the resale prices go way down I would be tempted to buy again.
 
Dracula said:
If your contract gets taken, doesn't this mean that you offered too little? The thing is, we keep agonizing over a few dollars per point as we haggle with the sellers, where this really does not matter compared to the savings vs. buying direct, especially if we end up keeping the contract for many years.
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Maybe? But maybe they just had someone on the waiting list who wanted 150 points with a Feb UY. You do raise a good point, in the grand scheme of things, it's really not that much money when you consider the savings over direct :)
 
Thanks! We're staying at the Clarion for the Expo, and then afterward since it's our anniversary, and we have a good friend who's a CM who has a discount, we were thinking of staying at one of the Disney hotels :)
 
Bruin_mouse said:
I saw the same thing in prices but seems like the direct price increase “announcement” (that felt more like a well placed leak) also played a big part. I had sellers that pulled their contract before they gave an answer to my offer. The reason the broker gave was because of the price increase she thought this VGF contract, listed at $163, was now worth in the $170s.
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That really stinks, Bruin_mouse :headache: Talk about greedy :sad2:
 
mlittig said:
That really stinks, Bruin_mouse :headache: Talk about greedy :sad2:
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Thanks @mlittig for the thought. To be fair, as expensive as VGF points are in the resale market, they’re really not that far above what people paid for them direct when it first went on sale. The VGF contract I ended up with was $155/point. Based on the date on the deed, the seller would have paid $150/point in 2013 (No sales incentives were offered for VGF). In today’s dollars that’s $161. I think the psychological sting of a “loss” might be why sellers at VGF in particular are touchy about price.
 
DduzDis said:
Wow. I thought I was quick on it. You must have been nearly immediate. So few Feb UY contracts come through and I already missed one. So this one was a great opportunity. Our first resort was an International sale and it didn’t really affect anything for us. It can get delayed if they don’t have immediate access to a notary, but we are not in a huge hurry.
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As soon as the alert came in I offered within 30 seconds... lol
 
Has anyone dealt with having to make an addendum to a contract that has been submitted for ROFR? I had a contract submitted for ROFR on January 14th that Disney sent back to the broker on the 18th because one part of the contract stated the wrong use year. I had to sign an addendum amending the use year in points clause. Today I received an email saying another addendum is required. Disney sent it back again because the seller was off one digit on the contract number. Does an addendum to the contract cause the ROFR process to restart from the date the contract was amended or does it keep it's original submission date? I asked my broker about this because we bought this contract to beat the grandfathering deadline and they said they are unsure about that.
 
jsand99 said:
Has anyone dealt with having to make an addendum to a contract that has been submitted for ROFR? I had a contract submitted for ROFR on January 14th that Disney sent back to the broker on the 18th because one part of the contract stated the wrong use year. I had to sign an addendum amending the use year in points clause. Today I received an email saying another addendum is required. Disney sent it back again because the seller was off one digit on the contract number. Does an addendum to the contract cause the ROFR process to restart from the date the contract was amended or does it keep it's original submission date? I asked my broker about this because we bought this contract to beat the grandfathering deadline and they said they are unsure about that.
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When we sold our contract the broker had to verify it before it was put up for sale. By verifying it the broker knew that everything contract wise was correct. Didn’t the broker do the same with the contract you are buying?
 
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