ROFR Thread Jan to March 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Morganjacar]

Please just post the link to a broker And let the boards filter do its job.

https://www.fidelityrealestate.com/buy-timeshare/

 

[DisneyTakeAllMyMoney]

Why do some resale broker's charge an admin fee (often assumed to be paid by the buyer) and others don't? Is it just more money for the broker right off the top or is it a different way to distribute fees that exist with all broker, maybe the other brokers charge it all to the seller?

I think of it like how states get tax revenue - they all have some random mixture of income, property, and sales taxes... as do the brokers with CC fees. Although https://www.fidelityrealestate.com/ is known to charge an admin fee, of all the contracts I've bought, my admin fee plus closing costs with them are lower than my closing costs with others- I think they bury the same type of fees all into one number... but at the end of the day, those small differences aren't going to make or break the value of my contract...

 

[DisneyTakeAllMyMoney]

at what point does buying Vero makes sense?! I know their dues are high but if the initial buy in is this low, and these points can be used anywhere except for Riviera, one starts to wonder........

Since vero dues alone are $12.85, it never makes sense to buy them as SAP. Even if the point purchase was free, those dues alone are more than SSR, poly, etc. with purchase price plus dues combined - lots of resorts are less than that in total cost pp. And they expire in 2042.

 

[NeutralNovice]

NeutralNovice---$236-$34303-140-VGC-Feb-0/22, 70/23, 140/24, 140/25- sent 3/1, passed 3/8

 

[jakecaputo]

Not to knock anyone, but I'm genuinely curious with what you do with a 25 point contract? If you're looking to add a studio night?

My family has historical gone to Disney every three years. Our last trip cost $5k for four nights at Poly. I saw a 25 point Poly contract pop up for $175/point, about $5k all in. We decided to do that and bank and pull every three years.

(…that’s how it started. Now we have 270 points.)

 

[Jimmy Geppetto]

NeutralNovice---$236-$34303-140-VGC-Feb-0/22, 70/23, 140/24, 140/25- sent 3/1, passed 3/8

7 days. Mamma Mia.

Congrats.

 

[NeutralNovice]

7 days. Mamma Mia.

Congrats.

Thank you! I was ill-prepared for this speed. I was expecting at least a month.

 

[CVG]

listed with the broker who charges admin fee and listed at $120- but I just went for it.

Broker was very nice with my offer and didn't shame me!

Have made a few low ball offers with this broker -https://www.fidelityrealestate.com/ - and they have been very professional about it. Different agents within that company. No shaming. No snide commentary. Although I'm still waiting to hear from one!

 

[Bmramaut]

Anyone else looking for BCV to slide down a little bit too? I feel like it should be more in line with BWV pricing but maybe I’m missing something?

 

[DisneyTakeAllMyMoney]

Anyone else looking for BCV to slide down a little bit too? I feel like it should be more in line with BWV pricing but maybe I’m missing something?

It is more popular/higher demand than BWV, so it will likely always be slightly above. Stormalong bay is like a mini water park... and it is smaller than BWV (BWV has ~250 studios while BCV has 100), thus the higher demand. It's much harder to get a 7 months than BWV (which can be challenging as well), all of which combined keeps it above the balance of the 2042 pack...

 

[Einstein509]

Another question that is tangential to this thread, but this thread probably has the people who are best equiped to answer.

If I book something on my existing contract using current UY point, and buy a new contract with banked points that is the same UY at the same resort, can I substitute the points that were used to book with the banked points from the new contract?

Basically I have a dilemma that some of these banked contract I'm looking probably wont close in time for me to make a GV booking for my desired dates (close to 11 months out). Since banked points expire it would be great to able to apply to a current reservation and get current UY points back so I can bank them.

Yes you can but basically you would have to cancel the first reservation and rebook with the new points. You or guest services can do that, but there is a small danger window between when you cancel and rebook.

When you cancel, that room goes back into the system and is "open" for others to book. If you don't snag it right away, there is a chance someone else can grab it. This happened to me once before when changing reservations/points around.

 

[DKZB]

Yes you can but basically you would have to cancel the first reservation and rebook with the new points. You or guest services can do that, but there is a small danger window between when you cancel and rebook.

When you cancel, that room goes back into the system and is "open" for others to book. If you don't snag it right away, there is a chance someone else can grab it. This happened to me once before when changing reservations/points around.

Not True. My understanding of the OP is that the new contract is same resort so MS can simply re-allocate points. No need to cancel/re-book.

This would have been true if the OP had booked under the 11 month window but the new points were at a different home resort.

 

[Lucky Wall-E]

VB scares me to death on where those dues are going, especially with high point contracts. $12.85 currently and growing 5% overall with spikes of 7%... That means by the end of the contract the dues will be reaching over $31.00 plus a point. On a 200 point contact that will be 6,200... That makes your price per point over the life of the contract similar to one of the premier DVC's at a good buy in price.

(updated for accurate numbers)

Which is why I think many of us buy where I we want to stay. Most of the resorts equal out in the end.

EX: BCV and BWV will cost more than others if kept to the end, but people are buying because they really want to stay there and need the booking advantage to do so. So people are willing to pay the extra for it.

Some may buy into Vero because they prefer it and others because of the limited cash up front to pay. It may be easier to come up with the money month by month for dues. At least they can be DVC members this way.

In the end Vero will cost the same, possibly a little more, as a higher price per point DVC purchase. The downside there will be no booking advantage at any of the DVC resorts in WDW.

 

[Jlo85]

The downside there will be no booking advantage at any of the DVC resorts in WDW.

Except the beach cottage. Vero gets a lot of flack here, but if you want to stay at a beach cottage during the summer, basically have to own at Vero. And honestly that probably is worth the price alone.

 

[Electron_si]

I’ve heard two different things on this but if you have 25 pts at a home resort and a large contract at another can you use all points at the 11 month booking or only the 25 points.

 

[ark101]

Can use only the 25 at 11 month booking. Everyone would otherwise have 25 points at home resort and the rest of the points at a cheaper resort to own.

 

[Chia1974]

I’ve heard two different things on this but if you have 25 pts at a home resort and a large contract at another can you use all points at the 11 month booking or only the 25 points.

You can only book your home resort between 7-11 months. Combined less than 7.

 

[badeacon]

Yes you can but basically you would have to cancel the first reservation and rebook with the new points. You or guest services can do that, but there is a small danger window between when you cancel and rebook.

When you cancel, that room goes back into the system and is "open" for others to book. If you don't snag it right away, there is a chance someone else can grab it. This happened to me once before when changing reservations/points around.

Unless it has changed recently, you do not have to cancel the reservation but can go to modify the reservation. you can select the contracts to use and any banked or borrowed points are used before any other points. I know several years ago , I had reservation for CCV made at 11 months , I then ended up buying another contract with banked points. I modified the reservation and selected the contracts to use including the new one with banked points. No problems. One can do this and at the end you can look at which points used. If not correct ,can cancel the modification before leaving the page.
One can also call MS.

 

[TinkB278]

AKV prices still aren’t budging. I’m seeing small point Polynesian and BLT contracts listed on fidelity at the same price as small AKV contracts. I’m thinking about changing my strategy and giving up and just buying pvb for the extra years.

 

[Lucky Wall-E]

I feel the same way! I’ve been putting in so many low-ball offers and only a select few have answered. Some I really want the contract and willing to negotiate

The contracts you are willing to negotiate on, put out in the highest amount you are willing to pay as a firm bid and see if the seller accepts.

Even though the ROFR is asleep right now not every seller is willing to sell beyond a certain point unless they are desperate.

The ones you see listed as low were the ones willing to sell. Remember there are 1,000s of contracts for sale and maybe only 10% are selling low right now. The percentage will probably increase with the downturn of the economy and people needing to sell.
I have made offers on many and I found the bottom line on all those sellers I made offers to. Only 1 met me at my asking offer, so I bought.