DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > Purchasing DVC
facebooktwitterpinterestgoogle plusyoutubeDIS Updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read


Reply
 
Thread Tools Rate Thread Display Modes
Old 06-14-2013, 04:33 PM   #1
ImagineerTHAT
Imaginerd
 
ImagineerTHAT's Avatar
 
Join Date: Jun 2013
Location: Champaign, IL
Posts: 189

ROFR Stats

So, I have been tracking ROFRs on the OC Comptroller website every few days. I figured I would start posting what I find to this thread just in case it interests anyone. The dates are when they were entered into the system, so keep in mind that the submission dates on the deeds/waivers of ROFR are prior to the dates they were submitted to the system.

Sorry if I made any mistakes. Looks like Disney is ROFRing quite a bit. Special thanks to dmunsil for helping me out with this!

DATE: 6/13 (Submitted to OC website)

BLT ROFR'd
160 Pts $91.25 PP
160 Pts $92.50 PP

SSR Passed
200 Pts $65 PP (Passed ROFR 5/21)
25 Pts $68 PP (Passed ROFR 5/6)
70 Pts $55.71 PP (Passed ROFR 5/13)
250 Pts $53.20 PP (Passed ROFR 5/13)
160 Pts $72 PP (Passed ROFR 5/13)

VWL Passed
28 Pts $89.28 PP (Passed ROFR 5/27)

VWL ROFR'd
150 Pts $60 PP
150 Pts $73.33 PP
300 Pts $51.66 PP

OKW ROFR'd
150 Pts $37.33 PP
310 Pts $55.16 PP

BCV ROFR'd
150 Pts $72 PP

BWV Passed
350 Pts $77.14 (Passed ROFR 5/13)

BWV ROFR'd
1 ROFR confusing deed transfer

Last edited by ImagineerTHAT; 06-15-2013 at 10:56 AM. Reason: Added ROFR pass dates
ImagineerTHAT is offline   Reply With Quote
Old 06-14-2013, 04:54 PM   #2
jkevinmcg
Mouseketeer
 
Join Date: Jan 2004
Location: Spotswood, NJ
Posts: 96

Thanks
jkevinmcg is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 06-14-2013, 05:59 PM   #3
susanjf
Earning My Ears
 
Join Date: Jan 2012
Posts: 8

Thanks!
susanjf is offline   Reply With Quote
Old 06-14-2013, 06:35 PM   #4
dmunsil
Disney Uber-Nerd
 
dmunsil's Avatar
 
Join Date: Jan 2008
Location: Kirkland, WA, former home of Costco!
Posts: 802

Nice work! I was just working on a report like this, because it seems like the ROFR rate is fairly high so far this month. It'll be nice to have someone else to cross check numbers with.

Thanks!
dmunsil is offline   Reply With Quote
Old 06-14-2013, 07:05 PM   #5
Moniqu17
Mouseketeer
 
Join Date: Apr 2013
Location: United States
Posts: 187

Thanks for the great information! It makes me even more nervous about our BLT offer though v
Moniqu17 is offline   Reply With Quote
Old 06-14-2013, 07:16 PM   #6
ImagineerTHAT
Imaginerd
 
ImagineerTHAT's Avatar
 
Join Date: Jun 2013
Location: Champaign, IL
Posts: 189

Quote:
Originally Posted by dmunsil View Post
Nice work! I was just working on a report like this, because it seems like the ROFR rate is fairly high so far this month. It'll be nice to have someone else to cross check numbers with.

Thanks!
I'm honestly surprised someone doesn't compile this daily. It's so important to know where the middle ground is. You can either over spend or get ROFR'd so capturing this is worth the time.

Maybe dmunsil and I can continue this thread every few days and others can weigh in from time to time. It would help us "buyers" or "sellers" know where we stand a little bit better vs the mouse and other bidders!
ImagineerTHAT is offline   Reply With Quote
Old 06-15-2013, 02:13 AM   #7
Hunclemarco
DIS Veteran
 
Hunclemarco's Avatar
 
Join Date: May 2008
Location: Syracuse, NY
Posts: 2,030

ok...sorry, i'm confused. Is there something different with this thread and the others below?

Anyone made it through (or not made it through) ROFR recently? - Section V


Monthly ROFR Data - UPDATED 05/07/2013

I just wouldn't want you going through all the work if we get the same results on these threads. With that said, i appreciate the time and effort you're willing to put into a project like this.
__________________


January 1979 Offsite; January 1992 POR; March 1999Honeymoon ; May 2002 CBR; May 2008 Offsite; November 2008 CBR March 2009 DVC SSR, BCV; August 2009 DVC AKV,BCV; December 2009 DVC SSR; February 2010 DVC BCV; November 2010 DVC BWV; May 2011 POP; March 2012 DCL Dream and POP; May 2012 POP; April 2013 DVC BCV; November 2013 CSR; Yacht Club, DCL Dream and BWV May 2014, SSR and AKV-Jambo September 2014
Hunclemarco is offline   Reply With Quote
Old 06-15-2013, 09:34 AM   #8
ImagineerTHAT
Imaginerd
 
ImagineerTHAT's Avatar
 
Join Date: Jun 2013
Location: Champaign, IL
Posts: 189

Quote:
Originally Posted by Hunclemarco View Post
ok...sorry, i'm confused. Is there something different with this thread and the others below?

Anyone made it through (or not made it through) ROFR recently? - Section V

Monthly ROFR Data - UPDATED 05/07/2013

I just wouldn't want you going through all the work if we get the same results on these threads. With that said, i appreciate the time and effort you're willing to put into a project like this.
Yes and no. The listings in that thread are only users that are on this board that want to share. What I am posting is every single deed that clears or doesn't through Disney Vacation Development. My listings are also between a week and month past the actual ROFR sent back to the broker, so that thread is a better representation of what is currently happening.

As you can see I posted about 20 that went into the OC system on 6/13 alone. I guess I'm more interested in seeing what the market really represents vs. what people are willing to divulge.

I'm happy to do it as it only takes 15-30 min on days when there is data.
ImagineerTHAT is offline   Reply With Quote
Old 06-15-2013, 10:12 AM   #9
CarolMN
DVC Co-Moderator

 
Join Date: Aug 1999
Posts: 24,565
DISboards Moderator

Quote:
Originally Posted by ImagineerTHAT View Post
....(snip)...... I guess I'm more interested in seeing what the market really represents vs. what people are willing to divulge..........
This is the most interesting and valuable part for me. Thanks for taking your time to do it.

Unfortunately, I think people are more likely to post in the ROFR thread if they think they got a bargain than if they think they may have paid more than others for the same thing.

Thus, I think people are getting a skewed view of what the market really is - i.e., the ROFR threads tends to make people think the going prices are lower than they actually are. Then those folks get frustrated when their "fair" offers are rejected or if they see others making full price offers.
__________________
Best Wishes -



BWV - Early Morning on May 2, 2008
CarolMN is offline   Reply With Quote
Old 06-15-2013, 10:24 AM   #10
Tigger1
DIS Veteran
 
Tigger1's Avatar
 
Join Date: Aug 1999
Location: Oklahoma
Posts: 1,749

I thank you for all the work you are doing. I love these type of stats. How can I look them up on the oc site?

Tigger
__________________
Tigger1 is offline   Reply With Quote
Old 06-15-2013, 10:35 AM   #11
ImagineerTHAT
Imaginerd
 
ImagineerTHAT's Avatar
 
Join Date: Jun 2013
Location: Champaign, IL
Posts: 189

Quote:
Originally Posted by CarolMN View Post
Thus, I think people are getting a skewed view of what the market really is - i.e., the ROFR threads tends to make people think the going prices are lower than they actually are. Then those folks get frustrated when their "fair" offers are rejected or if they see others making full price offers.
Carol is spot on!

Only one for 6/14

BWV Passed
270 Pts $81 PP (Passed ROFR 5/21)

Last edited by ImagineerTHAT; 06-15-2013 at 10:57 AM. Reason: Added ROFR Pass Date
ImagineerTHAT is offline   Reply With Quote
Old 06-15-2013, 10:48 AM   #12
ImagineerTHAT
Imaginerd
 
ImagineerTHAT's Avatar
 
Join Date: Jun 2013
Location: Champaign, IL
Posts: 189

Quote:
Originally Posted by Tigger1 View Post
I thank you for all the work you are doing. I love these type of stats. How can I look them up on the oc site?

Tigger
Not a problem at all! I want to see people pass ROFR as much as possible.

As far as where the data comes from, it's a combination of searching for deeds and notices on the OC Comptroller website where Disney Vacation Development is the Grantor or Grantee. When there is a "notice" where DVD is the Grantor, it's a waiver of ROFR. Then you look at the parties and find the deed between them and calculate PP based on sale price and points. Certain title companies are better at providing info than others (LOVE Magic Vacation Title)!!!

When Disney is the Grantee, they have taken a deed back either through foreclosure, some sort of legal battle, gratuitously, or through their ROFR. I look through them and pull out the ones where Disney bought back the deed. Then I look up the original deed where the party bought from Disney to find the points (unless it was a resale and I look that up).

Play around on the website and PM me or dmunsil with ?'s. Good luck!
ImagineerTHAT is offline   Reply With Quote
Old 06-15-2013, 12:17 PM   #13
wdrl
DIS Veteran
 
wdrl's Avatar
 
Join Date: May 2009
Location: BLT, AKV, Aulani
Posts: 2,700

One thing you may want to consider is waiting until OCC proofs the documents before you compile the data. Currently, the OCC documents are proofed through June 10, 2013. Usually, OCC proofs documents about 1 to 5 work days after the current date.

There is a very slight chance that OCC will modify a record between the time it initially posts the record and the record is proofed. More than 99% of the time are are no changes. However, there was a memorable instance when OCC posted a Declaration for a resort but then the Declaration was removed the next day before the documents were proofed.
__________________
wdrl is offline   Reply With Quote
Old 06-15-2013, 02:14 PM   #14
JessLCH
DIS Veteran
 
Join Date: Oct 2006
Location: Westchester County, NY
Posts: 664

Quote:
Originally Posted by ImagineerTHAT View Post
Yes and no. The listings in that thread are only users that are on this board that want to share. What I am posting is every single deed that clears or doesn't through Disney Vacation Development. My listings are also between a week and month past the actual ROFR sent back to the broker, so that thread is a better representation of what is currently happening.

As you can see I posted about 20 that went into the OC system on 6/13 alone. I guess I'm more interested in seeing what the market really represents vs. what people are willing to divulge.

I'm happy to do it as it only takes 15-30 min on days when there is data.
Thank you for your work. It is very helpful!
__________________
First visit: The Contemporary 1972
BLT Owner 2013, VWL Owner 2014

Wilderness Lodge Villas (2/07, 2/09, 12/13, 9/14)
Grand Californian Villas (8/10)
Saratoga Springs Resort (11/11)
Disney Dream (2/12)
Royal Pacific Resort Universal ( 2/12, 9/14)
Wyndham Bonnet Creek Presidential (11/12)
Disneyland Hotel (8/13)
Bay Lake Tower (10/13, 11/14)
Animal Kingdom Villas Kidani/Jambo (1/14, 12/14)
Aulani (8/14)
Grand Floridian Villas (1/15)
Hilton Head (5/15)
JessLCH is offline   Reply With Quote
Old 06-15-2013, 02:28 PM   #15
dmunsil
Disney Uber-Nerd
 
dmunsil's Avatar
 
Join Date: Jan 2008
Location: Kirkland, WA, former home of Costco!
Posts: 802

OK, I finished my ROFR data for mid-June. I looked at everything ROFRed that was recorded between Jun 1 and today. Disney seems to do ROFRs about once a week and records them all in chunks on one or two days, so this is stuff from the 4th/5th and then 12th/13th. Looks like it's going to be a heavy month for ROFRs.

I haven't looked at sales yet. Looks like my numbers for the Jun 13th deeds track ImagineerTHAT's, except that I've continued rounding down to the nearest dollar because I think that tends to compensate for the inaccuracies involved in estimating the price from the deed doc tax. And I think I was able to unravel the crazy ball of deed transfers that the people who owned that one BWV contract had. It helped that they also sold and ROFRed a some stuff in a previous month that I'd gone through already.

I'm not totally sure that the BLT ones that went for 91 and 92 are ROFRs. The seller had an outstanding mortgage, and Disney used a slightly different deed form that they've used in the past for what looked like foreclosures. I've listed them, but I think they could be in essence the seller making a deal to hand back the properties to Disney and walking away - the DVC equivalent of leaving the keys in the mailbox. Purely a guess, though. And the $90 one is clearly a ROFR exercise. So BLT's floor is going up...

There was also one transfer (not listed) that looked like a ROFR, but seems to be another take-back by Disney. They bought 200 points VWL from Disney in July 2012 for $102/point, paying cash. Then in May 2013 they sell it back to Disney for exactly the amount they paid. That's not a ROFR, because no one is going to pay $102/point in the resale market. I'd love to know what the story there is. Buyer's remorse 10 months later?

Code:
ROFRs for June 2013, mid-month (as of 15-Jun)

BCV
deed date  rec date  pts  UY   PPP
18-May     13-Jun    150  Sep  $72
20-May     4-Jun     300  Feb  $67
20-May     4-Jun     50   Feb  $68
28-May     12-Jun    310  Mar  $70

BLT
deed date  rec date  pts  UY   PPP
14-May     13-Jun    160  Feb  $91
14-May     13-Jun    160  Feb  $92
18-May     4-Jun     300  Feb  $90

BWV
deed date  rec date  pts  UY   PPP
23-Apr     4-Jun     125  Sep  $69
23-Apr     13-Jun    200  Sep  $69
19-May     4-Jun     150  Feb  $65
19-May     5-Jun     400  Aug  $69
20-May     4-Jun     200  Oct  $64
21-May     4-Jun     200  Oct  $65

OKW
deed date  rec date  pts  UY   PPP
16-May     5-Jun     250  Dec  $55
20-May     13-Jun    310  Mar  $55
21-May     4-Jun     230  Dec  $55
21-May     4-Jun     260  Dec  $55
23-May     13-Jun    250  Dec  $48
31-May     12-Jun    370  Apr  $60
3-Jun      13-Jun    150  Feb  $37
4-Jun      12-Jun    125  Sep  $55

VWL
deed date  rec date  pts  UY   PPP
17-Apr     13-Jun    300  Feb  $51
13-May     5-Jun     200  Feb  $62
20-May     4-Jun     200  Feb  $62
22-May     13-Jun    150  Aug  $60
31-May     13-Jun    150  Apr  $73
dmunsil is offline   Reply With Quote
Reply

Tags
rofr stats



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 01:32 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.