Very nervous about OKW!

Discussion in 'Purchasing DVC' started by Princess Jaimie, Apr 30, 2012.

  1. Princess Jaimie

    Princess Jaimie Earning My Ears

    Joined:
    Apr 12, 2012
    Messages:
    12
    I have been reading many threads on here and MO about many OKW resales being rofr'd recently due to Disney wanting to resell with 2057 extension. We are halfway through our 30 day waiting period with Disney, and feel skeptical this will even happen now. Any words of wisdom?? 210 points, dec UY, 181 banked til 12/12. $57/pp. We r paying cc and mf. The waiting is excrutiating!! :(
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. princessaloha

    princessaloha Mouseketeer

    Joined:
    Apr 5, 2012
    Messages:
    270
    Hi Princess Jaimie, I'm PrincessAloha...we MUST be related! LOL

    Not that it means anything but from what I'm seeing of the cost patterns only (so many other variables...it's Disney), your $57/pp has a decent chance. Good thoughts to you!
     
  4. ELMC

    ELMC DIS Veteran

    Joined:
    Jul 4, 2011
    Messages:
    1,981
    Well, the good news is that it's out of your control now, so there's nothing you can really do.

    Given what has been happening lately, I would say the chances of ANY contract at OKW passing ROFR is very poor. Given that your contract is at the higher range for price increases your chances a little bit. My honest opinion (sorry to say) is that your chances of passing are better than most, but still not good overall. Best of luck! For your sake, I hope I'm wrong! :)
     
  5. Princess Jaimie

    Princess Jaimie Earning My Ears

    Joined:
    Apr 12, 2012
    Messages:
    12
    Thank you both for your support. I just hate that we have to wait soooo long for an answer, and after all the waiting, will likely have to start all over! I hope the Disney gods will be merciful.
     
  6. DougEMG

    DougEMG DIS Veteran

    Joined:
    Aug 14, 2008
    Messages:
    1,886
    I'll keep my fingers crossed for you that you pass ROFR, but I wouldn't bet on it. Your best bet is to have a backup plan in case you don't get this contract. The same day I found out that I had lost 2 OKW contracts, I ended the day with 2 other accepted offers.
     
  7. KS_Disney_Dad

    KS_Disney_Dad I am Keyser Soze DVC Gold

    Joined:
    Oct 17, 2008
    Messages:
    210
    We recently passed on $55 a point BUT they expire in 2042. Good luck to you I hope it works out.
     
  8. princessaloha

    princessaloha Mouseketeer

    Joined:
    Apr 5, 2012
    Messages:
    270
    Hi, may I ask WHEN you passed? Was it before April, say March 20th or so? Just curious.
     
  9. tb1972

    tb1972 DIS Veteran

    Joined:
    Mar 6, 2012
    Messages:
    652
    I passed in March but my rate ppt was higher than most - $60. UY Dec expire 2042.
     
  10. Lucia_27

    Lucia_27 Mouseketeer

    Joined:
    Feb 17, 2009
    Messages:
    118
    I passed ROFR for OKW on 3/27 - 320 points at $54/pt (all 2011, 2012, 2013 pts, buyer pays closing, pro-rated split of 2012 MF).
     
  11. Princess Jaimie

    Princess Jaimie Earning My Ears

    Joined:
    Apr 12, 2012
    Messages:
    12
    I think, however, within the last couple of weeks or so, they are buying back more than they are passing. Ours went to rofr on April 12.
     
  12. WsPrincess

    WsPrincess DIS Veteran

    Joined:
    Mar 18, 2011
    Messages:
    1,209
    I think right now it is just a waiting game and there is no way to predict. We made it through ROFR on April 11th at OWK. I am not sure if anyone has made it through in the last 2 weeks, though we do know a ton did not. Good luck and I hope it works out well for you.
     
  13. goldenears

    goldenears DIS Veteran

    Joined:
    Jan 5, 2008
    Messages:
    974
    I feel for all of you waiting to hear about your OKW contracts. There is a ton of work that goes into buying resale and the thought of a contract getting ROFR'd is heartbreaking. I guess this is the price we all pay for the possibility of saving a lot of $$$$.
    Best of luck. I am keeping my fingers crossed for u and all the others!!
     
  14. ELMC

    ELMC DIS Veteran

    Joined:
    Jul 4, 2011
    Messages:
    1,981
    Congrats on making it through. :cool1: Would you care to share the details of your contract?
     
  15. WsPrincess

    WsPrincess DIS Veteran

    Joined:
    Mar 18, 2011
    Messages:
    1,209
    320 points, April UY, $52 per point, we paid closing and MF. All 2012 points and 48 bank points that expire 3/13. Overall we are beyond thrilled. We are just waiting to be entered into the DVC system. Deed was recorded 1 week ago and I made myself promise I will not call before Friday, now if I can just keep my word (I want to call SO BAD to check):banana:
     
  16. sunshinehighway

    sunshinehighway DIS Veteran

    Joined:
    Mar 11, 2010
    Messages:
    5,058
    I'm playing the waiting game right with you. OKW $57/point. The poster who said its out of your hands now is right. Don't even think about it because you've got a while before you hear back. Good Luck! I hope you get it.
     
  17. wdrl

    wdrl DIS Veteran

    Joined:
    May 15, 2009
    Messages:
    2,927
    If you offered $57 a point for OKW, I seriously doubt you have to worry about DVD exercising ROFR. Until late last year, the Orange County Comptroller's website displayed the Sale/Consideration prices on ROFRed deeds. The handful of OKW deeds that were ROFRed were being reacquired by DVD at $50 a point or less. Since mid-November 2011, the Sale/Consideration amount is no longer available on the OCC website, so I can't say with certainty what DVD is currently paying for ROFRed OKW deeds.

    Although DVD exercises ROFR more frequently on OKW than on other DVC resorts, it only reacquires a handful of deeds each month via this method. ROFR activity has increased in April 2012, but only 11 OKW deeds have been ROFRed through April 26, 2012. Far more OKW deeds have passed ROFR.

    See http://www.disboards.com/showthread.php?t=2529191&page=11 for more information about ROFR activity.
     
  18. KS_Disney_Dad

    KS_Disney_Dad I am Keyser Soze DVC Gold

    Joined:
    Oct 17, 2008
    Messages:
    210
    We just got the points in our account, so I believe it was mid/late March.
     
  19. gatorgirl02

    gatorgirl02 Mouseketeer

    Joined:
    Mar 21, 2012
    Messages:
    268
    Well, if it makes you feel any better, if it is in fact price based, I will likely be the sacrificial DVD lamb, as I went in just under $50 per point...:worried:
     
  20. ELMC

    ELMC DIS Veteran

    Joined:
    Jul 4, 2011
    Messages:
    1,981
    Best of luck to you. But I would be looking at other listings just in case...

    Sorry to have to say that, but recent history is not on your side. Good luck though! :)
     
  21. DougEMG

    DougEMG DIS Veteran

    Joined:
    Aug 14, 2008
    Messages:
    1,886
    Best of luck. Once I see some more OKW pass ROFR I might actually start looking at OKW contracts again.
     

Share This Page