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

Discussion in 'Purchasing DVC' started by mac_tlc, Sep 21, 2012.

  1. gortman65

    gortman65 Proud papa to two Mouseketeers

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    Wow, that's interesting. We just had our bid for a small VGC contract accepted this week and I was contemplating going on the waitlist as well. Think we will hold off until the resale purchase is complete.

    Thanks for the info!
     
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  3. bakenatj

    bakenatj Mouseketeer

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    I think you are right. There are a ton of February contracts on the market but very few December. I have seen February contracts pass that were low $ per point than the contract I had.

    I might wait till VGF starts selling before I try again. I want one in my UY which happens to be in December. :(
     
  4. Sur

    Sur Love the Dis

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    There was a thread started a week or so back, by an individual who had put in for direct purchase of a specific UY for BLT. He was told by his guide that he'd be on the waitlist. Our BLT contract

    went to ROFR. This interested buyer then stated two BLT contracts "became available" and he bought one. Later he noted the two UY's offered, and the points total and UY he was offered was our

    contract. Fortunately, he did not choose it. But I was sweatin' it when I saw his post!

    It did make me think, though, that I wouldn't be putting a "waiting on ROFR decision" on the boards. What if someone were looking for exactly what I found in resale and was willing to go through Disney direct? All they'd have to do is call a guide and POOF gone!! (I think)pixiedust:
     
  5. Breyean

    Breyean DVC Since '93

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    Once Disney takes back points, via ROFR, foreclosure, bankruptcy, etc., they can carve up the contracts into any points combinations they need. They can't change UY, but they can and do use a 300 point contract, e.g., to fill 3 100 point wait list requests.

    So the number of points on a resale doesn't necessarily translate exactly into what winds up coming out from Disney if they buy it back.
     
  6. Breyean

    Breyean DVC Since '93

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    Again, who knows?

    But my guide called me just about as we were deciding to do another add on, and I told him I'd get back to him. We didn't want to be on the wait list again while trying for a resale.

    I think he called because it was about a year since our last add on and he probably had it in a file to call to see if we decided we needed more points after having a year to test out the VGC contracts we bought last year.

    He was right, but I'm waiting until after we get ROFR'd again before I try the direct route. We really only need about 50 points, so direct might be the only way to go, but we found a 125 point contract in our UY for $90 so we pounced.

    One more week, probably. We should know next week.
     
  7. Sur

    Sur Love the Dis

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    I see where you have to be careful when buying direct and looking at resale. I also didn't know they could carve 'em up. Learn something new all the time. Thanks! Good luck next week.
     
  8. gortman65

    gortman65 Proud papa to two Mouseketeers

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    Good luck. Here's hoping you get good news!
     
  9. ELMC

    ELMC DIS Veteran

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    That would be a real kick in the pants, to get your resale contract ROFR'ed and then sold back to you at full price. :(
     
  10. Breyean

    Breyean DVC Since '93

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    I really, really feel that exact thing happened to me, based on the smug tone of my guide that night I was ROFR'd the first time. The second time he was little more reserved, but the timing was certainly suspect.

    Now, if I get ROFR'd again next week and get ANOTHER call from my guide that same night...
     
  11. nunzia

    nunzia You can't top pigs with pigs, but you CAN top Toys

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    Oh heck no..I'm not off the waitlist..I've been told I'm next in line..so..if it gets ROFR'd I may still get those points..and if by some weird fluke the waitlist comes through during the process..well..I don't know what I'd do..Cancel the reasale sale since direct is a sure thing? I'd hate to do that too since I feel obligated to going through with a deal I signed on to..ack..here's hoping my guide DOESN'T call this time.
     
  12. nunzia

    nunzia You can't top pigs with pigs, but you CAN top Toys

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    That would be fine with me though, also. As long as I get my VGC points I don't really care what route it takes :)
     
  13. Joey7295

    Joey7295 DIS Veteran

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    If you cancel more than 10 days after you sign contracts, I believe you lose your deposit
     
  14. Joey7295

    Joey7295 DIS Veteran

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    I am pretty sure you will pass
     
  15. Joey7295

    Joey7295 DIS Veteran

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    If you cancel more than 10 days after you sign contracts, I believe you lose your deposit
     
  16. MapleGirl

    MapleGirl Perpetual Planner

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    Wow! I found a seller interested in what I'm offering. My agent is putting the contracts together then we'll go through ROFR. It is a SSR contract, 150 points for $50/pt, buyer pays MF's, buyer and seller split closing costs. I hope it goes through! :hippie:
     
  17. DannysMom

    DannysMom DIS Veteran

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    Good luck! Congrats on finding a willing seller. :)

    Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
     
  18. DisneyFansInLINY

    DisneyFansInLINY DIS Veteran

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    Oh wow that is a great deal. I was putting in offers for $50 per point for SSR 150 points but either never heard back and cancelled my offer or was rejected with no counteroffer given. What broker are you using and does it come with points or is it stripped?

    Good luck with ROFR
     
  19. nunzia

    nunzia You can't top pigs with pigs, but you CAN top Toys

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    I hope it does..but why do you say that?
    And..I would most likely not cancel if my waitlist came through even though I'd have a boatload of points.
     
  20. puffkin

    puffkin DVC Owner- SSR & AKV

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    I don't know if this will help you or not, but we have a contract in ROFR now for SSR at $48/point. I believe the sellers have another contract listed for SSR (170 points) as when I was boing nosy and looking up their deeds I decided to see if they were selling all their DVC or just this one and two other contracts seemed to match them.
     
  21. DisneyFansInLINY

    DisneyFansInLINY DIS Veteran

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    Thank you. I have an offer on a contract right now but if the seller rejects it, I would love details on your findings :)
     

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