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Waiting for ROFR on a VGF contract…

heathpack

TUG Review Crew: Veteran
TUG Member
Joined
Oct 22, 2008
Messages
5,073
Reaction score
4,524
Location
Rural Alabama
Resorts Owned
DVC:
Grand Californian
Copper Creek
Beach Club Villas
Hilton Head Island

Marriott:
Barony Beach
Mountainside
Well I felt like we could have gone either way on any more DVC purchases, but I had three resorts I was watching at specific target prices: BLT, Poly, and VGF. Our order of preference was BLT (because of lower purchase price, favorable points chart, proximity to MK, and a very functional studio layout), Poly (because I love the theming, dining/bars, proximity to TTC but I didn’t love that the only 1BRs are in the tower), and then GF (unfavorable points charts, worst transportation options of the three but I really like the room after the reno and we like quiet. I like the high end dining and spa options but Mr H not so much). In the end, we were “probably not” buying any more since we’re turbo saving for retirement now.

Anyway- I saw a VGF listing- loaded contract at my “BUY IT” price, right UY. It sold before I could make an offer. However I found a second one and made an offer. We settled on a slightly higher $/pt price but with a broker with lower closing costs (so total price within $100). Main difference is no points (or dues) until 2027, which actually suits us better. After we finish this year of Disney in Mar 2026, we don’t plan on visiting WDW again until Dec 2027.

So wish us ROFR luck on our 150pt Apr UY VGF contract @$150/pt! It’s a foreign seller so the broker says ROFR is unlikely. I’ve never heard that before but hope it’s true.

If we get through ROFR, we will own a total of 400 DVC points at HHI (25 pt), VGC (85 pt), BCV (50 pt), Copper Creek (90 pt), and VGF (150 pt).

🍀🍀🍀
 
So wish us ROFR luck on our 150pt Apr UY VGF contract @$150/pt! It’s a foreign seller so the broker says ROFR is unlikely. I’ve never heard that before but hope it’s true.
The broker is right. DVC generally doesn’t take contracts from foreign sellers, probably because they don’t want to deal with FIRPTA, the tax on the seller’s proceeds that YOU are responsible for ensuring is paid to the IRS. Talk to your title company about it. If they handle DVC sales frequently, they’ll know exactly what to do, to relieve you of the burden.
 
The broker is right. DVC generally doesn’t take contracts from foreign sellers, probably because they don’t want to deal with FIRPTA, the tax on the seller’s proceeds that YOU are responsible for ensuring is paid to the IRS. Talk to your title company about it. If they handle DVC sales frequently, they’ll know exactly what to do, to relieve you of the burden.

Ok thanks, I checked with them and we are good!
 
This is but one reseller but some good info on ROFR. VGF has been one of the more active resorts for DVC. This report doesn’t identify loaded contracts but I suspect that is going to be the most attractive for DVC. Your offer with no points until 2027 along with a foreign seller hopefully means that it will be a ROFR pass for you.

 
@heathpack good luck with ROFR. We have never had a contract taken….not sure if it’s because we have a number of direct purchase contracts or we are just lucky. Although when we were selling SSR to direct purchase Riviera, it was ROFRd. Worked out for us, no loss. We just recently bought resale for a small Riviera contract. We really love it there, but it is a point sponge. So now we are 924 points total. BWV, BLT, RIV. We like one bedrooms. I’m good for one night in a studio. DH’s health is still an issue, but manageable for now. Drs think he will continue to improve but it’s a crapshoot. So frustrating…this is a guy who worked out 4 days a week, we rarely do fast food, our dinners and soups are always home made, no smoking and not big drinkers….only wine mostly. So we intend to enjoy our life, have longer trips to Disney and take a few more cruises….I think 2 more for me and I’m silver? 10 cruises. Then next one free dinner at Palo’s. Lol….it’s a silly goal, one our accountant would scratch his head at. But who cares? You only live once.
Grand Floridian is the only WDW DVC we have not stayed at. It is very beautiful. But I can’t get past the points chart. They do have the best restaurants …. and I cannot believe after all these years I never knew about Gasperillas counter service at GF. They have a great menu and high marks from the only blogger I subscribe to. Just this week he had a review…. I said to DH….how did we not know about this place? I will try to book a studio for one night before moving to a one bedroom at BLT.
Good luck! I think you will be fine.
 
Good luck. We are waiting on ROFR on SSR points. We love SSR. Our kids and grandkids like it, too.
 
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