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

[NYsHiddenMickey]

Not me-- Although I am a disney nut- last night, my wife and I were watching television and the Universal studios commercial came on where all of the characters are "vacationing" with the guests-- AT that moment, my wife stated "If Disney refuses the contract, you call them up and tell them we are never going there again-- Tell them that I will be staying at the Universal studios hotel and getting a poolside pedicure by Frankenstein" That is a direct quote.

So Disney better come through for me.

P.s.- mcorbo- you have to give beca your info on the ROFR so she can list you on the statistics

 

[calypso*a*go-go]

ROFR'd VWL, 150 pts, $75 103 coming 04/05 went to Disney on 1/07, ROFR 1/26

Ouch...sorry mcorbo! Looks like it could have been yours for another $2/pt. -- keep trying.

Edited to add: It will be interesting to see whether $75 or $76 is the make or break point for VVL. Be sure and report back DVCforMe!

 

[DVCforMe]

I'll let you know as soon as we hear anything. I'm curious too (well, more than curious) it looks like $75 a point is being taken back by Disney - we'll have to see if $76 will squeak past.

Charlotte

 

[kepps73]

My boyfriend and I have been going to Disney for the past 7 years, and finally decided to make our stays more 'permanent' by going with DVC. We started working through the Timeshare Store mid-December. We found a great contract for BWV and got going on everything ASAP. The real estate associate assured us that there would be very little chance that Disney would exercise the ROFR. In early January, we received the bad news that Disney repurchased the contract from the sellers. Although disappointed, we found another contract with the Timeshare Store that same day. Feeling weary about the ROFR, the real estate associate reassured us that at $77/pt, there was very little chance Disney would buy the contract. However, we got the news just today that our second contract was indeed purchased by Disney.

I just wanted to vent my frustration with the service we received from the Timeshare Store. Our business seemed of very little importance to the associate we dealt with and we did not recieve accurate or timely information. I read that this company was the best to go with, but all we got was much disappointment with terrible service to boot.

Even through we prefer our home resort to be BWV or BCV, we are now just considering going straight through Disney to either get on a waiting list or go with Saratoga Springs. I honestly wish we had done this in the first place. I'd rather pay a little more for great service and professionalism than go through the Timeshare Store and get nothing but false hope and apathetic agents.

Hope we get some good news soon so we can enjoy our next annual trip to our favorite magical place!

 

[reesecup]

Hey kepps73, can you tell us what UY and if there were any banked points with the BWV contract?

I'm curious b/k now I'm worried about the BWV contract we did. And I was actually beginning to feel pretty good about it.
Sorry about your news. Do you think you will go with SS now? Maybe that is what Disney is wanting us all to do.

 

[Beca]

My boyfriend and I have been going to Disney for the past 7 years, and finally decided to make our stays more 'permanent' by going with DVC. We started working through the Timeshare Store mid-December. We found a great contract for BWV and got going on everything ASAP. The real estate associate assured us that there would be very little chance that Disney would exercise the ROFR. In early January, we received the bad news that Disney repurchased the contract from the sellers. Although disappointed, we found another contract with the Timeshare Store that same day. Feeling weary about the ROFR, the real estate associate reassured us that at $77/pt, there was very little chance Disney would buy the contract. However, we got the news just today that our second contract was indeed purchased by Disney.

I just wanted to vent my frustration with the service we received from the Timeshare Store. Our business seemed of very little importance to the associate we dealt with and we did not recieve accurate or timely information. I read that this company was the best to go with, but all we got was much disappointment with terrible service to boot.

Even through we prefer our home resort to be BWV or BCV, we are now just considering going straight through Disney to either get on a waiting list or go with Saratoga Springs. I honestly wish we had done this in the first place. I'd rather pay a little more for great service and professionalism than go through the Timeshare Store and get nothing but false hope and apathetic agents.

Hope we get some good news soon so we can enjoy our next annual trip to our favorite magical place!

I am so sorry this happened to you. However, please don't take the fact that you did not pass as "TTS giving you bad service". Seriously, there are WEIRD things going on at DVC right now. That's why I started this thread. In Oct, I passed with a VWL contract at $72 per point. Somewhere in Dec., this became impossible!!! I am now waiting ROFR on a BCV at $83 per point. The sellers were only asking $80, the resale agent I am working with (not TTS) assured me that the contract would go thru because she had not had a contract taken over $72 per point. I ended up calling her back and telling her to up my price to $83 per point...and, I am still sweating that one!!!

Here's the deal...resale agents only go by "what has passed or been taken" (i.e. they work in the past tense). There are serious changes going on at DVC right now...we are all thinking a price increase is most likely. If you were to call TTS today, they would definitely advise you differently...but, this would be based on the experience of your contracts. It's really tough, but people that are going thru ROFR right now are the "guinea pigs" for the new baseline for DVC buy back.

I have purchased two contracts via resale (and, am in the process of purchasing two more). So far, I have never had one taken. TTS, and other resellers have to walk a fine line since they do represent both parties. If they encouraged you to pay more, you could accuse them of working primarily for the seller, and if they tell you "you are probably okay based on what DVC has been taking"...then, you get mad if you don't pass. The BEST advice I can give you is to bid a couple of points higher than what you think is needed to pass. In the big picture...what is $2 more on a 150 pt contract? Just $300 divided by 37 years...that's $8 per year...not much!!!

Many years ago, I went to hear an ex-police officer security "expert" talk. His name was Jay Bittenbinder, and he was very good. He said, "Imagine that there are two identical apartments right next to each other. Each is occupied by a single, 22 yr old girl. At one apartment, the renter buys a LARGE dog bowl, writes the word "KILLER" on it, and sets it on the back patio. On her front door, she attaches a metal sign saying, 'Beware of the dog'. If you are a thief, which apartment are you going to rob?"

It's strange...but, I really think of DVC as the "thief" (in the BEST possible sense). Everytime I have bought, I have thought "I don't want my contract to be the most obvious "taker" in the bunch." Sure, it keeps me from getting the "really GREAT deals"...but, I'm happy with what I get.

I'm sorry $77 didn't pass... that is an "iffy" number right now.



Beca

 

[NYsHiddenMickey]

wow- 77 per point is one of the higher ROFRs- Prior to that we had only heard of 77 and 78 being rofr-ed at Beach club. This one was at BWV though.. I am betting that there are a lot of people getting nervous after that post

 

[Beca]

I decided to "revise" the waitlist so we could see who might be "next". I am hoping for a lot of you to hear. I don't think my contract will finish ROFR until the first or second week of Feb.

Diszip...I didn't know when you went to ROFR...so, I just put you in at the end. If you get me the date, I will move you to the appropriate place.

If anyone else wants to be added....just post your info, and I will put you "in" the list!!



Beca

PASSED:
Bobbiwoz - 50 VWL $77 all '05 points intact (mid-Jan)
leise - 100 OKW $76 (1/19, in less than 10 days)
Amanda C - 70 HHI $70 all '05 points intact (mid-Jan)
Scotch - 1) 160 BCV(Apr) $78 4 '04, and all '05(sub. beg of Jan, passed 1/21)
MickeyBabe - 190 OKW $72 (went to DVC 12/22, passed 1/03)
jtiggercat - 130 OKW $72 (Oct) all '05 (went to DVC 1/11, passed on 1/24)
TinkTatoo - 78 OKW $73 (June) all '05 (sub. early Jan, passed in 1 wk)

ROFR'D:
Diszip - 150 VWL (Aug) $75 all '05 + 8 '04 (ROFR'd on 1/20)
Kimber - 50 BCV $73 3 points coming in '05
Donald..really - 200 VWL $75
Mcorbo - 150 VWL $75 103 coming 04/05 (sub.1/07, ROFR 1/26)
disneydawn6 - 170 BCV $78 111 points June 2005 (on 1/26)
Scotch- 2) 150 OKW(Mar) $65 15pts. remaining in '05 (sub. 1/10, rofr 1/26)
(source KANSAS) - 150 BCV(Aug) $77 no points til '06, BUYER pay all closings cost, escow serivce, title insurance,etc+ $200 Disney Transfer fee, OC/$20/ROFR FEE
Greenban - 270 VWL (Aug) $76 all '03, '04 & '05 intact
kepps73 - BWV $77 ROFR'd 1/31(sorry, don't know anymore than that right now)

WAITING:
kelakash - 250 VWL $74 '04 &'05 (sub. appx. 1/03)
hannahr - 250 OKW (Oct) $74, 75 '03, all '04 & '05 (paying half of '04 MF's) (sub 1/12)
Tink10 - 25 BWV (Aug) $78 all '05 (sub 1/14)
Disneyrsh - 300 VWL (Apr) $75 (sub. appx 1/17)
Blue&Gold - 350 BWV (Dec) $78 '04 &'05 (sub. appx. 1/18)
Scott H - 150 HH $69 no points till '06 (sub. appx. 1/19)
triple7 - 100 BCV (Dec) $84 all '04 &'05 (sub. on 1/20)
Daname - 160 BWV $78 with banked 2004 (went to DVC 1/21)
Cinderpals - 200 BWV $77 '04 pts, all '05 pts (went to DVC on 1/21)
Beca - 150 BCV (Aug) $83 all '05 + 137 '04 (went to DVC 1/24)
reesecup - 150 BWV $80 75 '03, all '04 & '05 (sub. appx. 1/26)
DisZip - 150 VWL (Feb) $78 92 banked from '04 & all '05

 

[kelakash]

I just heard from Jason at The Timeshare Store. Disney bought our 250 point, $74 contract. It was submitted on 1/5/05. Jason thought we stood a chance because the seller is a corporation and it would mean more wrangling for Disney. It didn't happen that way. Anyway, now I need to call my husband who will be devastated, then call Disney to plan our 10th anniversary vacation for Thanksgiving week at the WL, where we spent our honeymoon. We don't want to wait any longer and risk not getting a reservation, good price on flights, etc. This is also our second attempt to buy a resale package. I will apply my deposit when I get it back from TTS and have our trip paid for. I will, for now, sadly remain a DVC want-to-be.
*
BTW, I had a good experience with Jason at TTS. He was very courteous and responsive. I have been anxiously bothering him the past week to boot. He did, at the time, think our $74 offer would pass. We offered $74 against a list price of $76 and the seller accepted our offer. Jason thought we were pretty safe (January 3rd).
*
Good luck to the rest of you. I will continue to watch your boards. I have learned a great deal the past few months.

 

[Beca]

I just heard from Jason at The Timeshare Store. Disney bought our 250 point, $74 contract. It was submitted on 1/5/05. Jason thought we stood a chance because the seller is a corporation and it would mean more wrangling for Disney. It didn't happen that way. Anyway, now I need to call my husband who will be devastated, then call Disney to plan our 10th anniversary vacation for Thanksgiving week at the WL, where we spent our honeymoon. We don't want to wait any longer and risk not getting a reservation, good price on flights, etc. This is also our second attempt to buy a resale package. I will apply my deposit when I get it back from TTS and have our trip paid for. I will, for now, sadly remain a DVC want-to-be.
*
BTW, I had a good experience with Jason at TTS. He was very courteous and responsive. I have been anxiously bothering him the past week to boot. He did, at the time, think our $74 offer would pass. We offered $74 against a list price of $76 and the seller accepted our offer. Jason thought we were pretty safe (January 3rd).
*
Good luck to the rest of you. I will continue to watch your boards. I have learned a great deal the past few months.

I was just thinking about you!!!! I am SOOOO sorry!!! But, keep trying...please, don't give up...and enjoy your vacation!!



Beca

 

[Tink10]

I'm so sorry Kelakash!!!

 

[Beca]

Well,

Here's the update...I DON'T like updating when someone doesn't pass!!

PASSED:
Bobbiwoz - 50 VWL $77 all '05 points intact (mid-Jan)
leise - 100 OKW $76 (1/19, in less than 10 days)
Amanda C - 70 HHI $70 all '05 points intact (mid-Jan)
Scotch - 1) 160 BCV(Apr) $78 4 '04, and all '05(sub. beg of Jan, passed 1/21)
MickeyBabe - 190 OKW $72 (went to DVC 12/22, passed 1/03)
jtiggercat - 130 OKW $72 (Oct) all '05 (went to DVC 1/11, passed on 1/24)
TinkTatoo - 78 OKW $73 (June) all '05 (sub. early Jan, passed in 1 wk)

ROFR'D:
Diszip - 150 VWL (Aug) $75 all '05 + 8 '04 (ROFR'd on 1/20)
Kimber - 50 BCV $73 3 points coming in '05
Donald..really - 200 VWL $75
Mcorbo - 150 VWL $75 103 coming 04/05 (sub.1/07, ROFR 1/26)
disneydawn6 - 170 BCV $78 111 points June 2005 (on 1/26)
Scotch- 2) 150 OKW(Mar) $65 15pts. remaining in '05 (sub. 1/10, rofr 1/26)
(source KANSAS) - 150 BCV(Aug) $77 no points til '06, BUYER pay all closings cost, escow serivce, title insurance,etc+ $200 Disney Transfer fee, OC/$20/ROFR FEE
Greenban - 270 VWL (Aug) $76 all '03, '04 & '05 intact
kepps73 - BWV $77 ROFR'd 1/31(sorry, don't know anymore than that right now)
kelakash - 250 VWL $74 '04 &'05 (sub. appx. 1/03, ROFR'd on 1/31)

WAITING:
hannahr - 250 OKW (Oct) $74, 75 '03, all '04 & '05 (paying half of '04 MF's) (sub 1/12)
Tink10 - 25 BWV (Aug) $78 all '05 (sub 1/14)
Disneyrsh - 300 VWL (Apr) $75 (sub. appx 1/17)
Blue&Gold - 350 BWV (Dec) $78 '04 &'05 (sub. appx. 1/18)
Scott H - 150 HH $69 no points till '06 (sub. appx. 1/19)
triple7 - 100 BCV (Dec) $84 all '04 &'05 (sub. on 1/20)
Daname - 160 BWV $78 with banked 2004 (went to DVC 1/21)
Cinderpals - 200 BWV $77 '04 pts, all '05 pts (went to DVC on 1/21)
Beca - 150 BCV (Aug) $83 all '05 + 137 '04 (went to DVC 1/24)
reesecup - 150 BWV $80 75 '03, all '04 & '05 (sub. appx. 1/26)
DisZip - 150 VWL (Feb) $78 92 banked from '04 & all '05

 

[NYsHiddenMickey]

I have also had good dealings with jason- you have to remember that TTS has no control over what disney does and they can only tell you what has happened in the past- also, just from this thread you can see that it appears that Disney's buy backs are pretty random with no apparent reasoning or 'magic number'. Anyway- for now, all we can do is wait- good luck to all of you who are waiting

 

[iankh]

Disney must have a significant backlog in their waitlist pipeline. They obviously know they can sell the points and turn a profit.

Also, is it really in their best interests to have a cheaper secondary market, when they are building the 800 unit SSR?

Perhaps it’s a little like days gone by when moguls would buy up gold, silver or stock shares that would in turn force prices higher.

It happens in international currency all the time, if a currency like the US dollar drops too low, countries with a serious interest in seeing the dollar higher will buy up dollars, which in turn forces the value up.

Of course they know they can unload the points they buy up, but it also serves to keep their own prices for existing resorts healthy and SSR competitive.

Perhaps I’m over analyzing the whole thing. Perhaps they just spin a big wheel.

 

[MomsGoneGoofy]

Wow! After reading these posts I feel real lucky.


On 12/16/04 we mailed our deposit to the TTS for 50 points at VWL at $75.00, August UY, no banked points, 50 coming 8/05. We were contacted on 1/17/05 and told we passed ROFR and we mailed our final payment this morning.




***Update - we received a copy of the warranty deed today with a letter stating that Disney usually take approx 10 days to update their records for the new points.

.

 

[calypso*a*go-go]

Perhaps I’m over analyzing the whole thing. Perhaps they just spin a big wheel.

I tend to think it's more like a dartboard, and they like to play when they've had a few "drinks" with lunch.

 

[DVCforMe]

Hi Beca,
You can add us to the wait list:
360 points VWL at $76 per point, 144 '04 points, all '05 points, Aug UY. Hard to type with fingers crossed
Charlotte

 

[NYsHiddenMickey]

Hate to point out the obvious bad news (especially since i am also waiting to hear)- But it looks like Beca's list has more ROFRs than actual resales that have gone through..

Hopefully for the rest of us who are waiting maybe DIsney will run out of money???- not likely!!

Well at least we know what Disney is doing with the money it saved by not doing the annual "I'm going to disney world" superbowl ad.
Instead they are buying back everything!!!

 

[Blue&Gold]

Trying not to watch this trend, because it is more than a little depressing... Hope springs eternal and all that, but I'm beginning to think we're stuffed! We're particularly handicapped in that I am currently stationed in Nebraska and DVC itself cannot sell to NE residents due to some aspect or another of Nebraska Real Estate Law, so it is resale or squat for us... With the much-ballyhooed rumored price increases and SSR $10 buy back incentive possibly evaporating we may be looking at a very short window of opportunity.
Funny thing is that I likely would have offered a couple more $$$ per point if our agent (or the intel gained on these boards) had suggested that $78 would be on the ROFR cusp.
While not predisposed to turning tail on any process, I have to admit I am disinclined to take a second swipe if this contract falls through.
Hoping a phone call tomorrow or later this week telling us we passed ROFR will restore our motivation! Best of luck to everyone.

 

[Beca]

DVCforMe...you are now added...good luck!! (When did you go to ROFR?)

Okay...now time for the "pep talk". All of you that are saying "no more" for me are making me SOOOO sad!!! Listen, DVC is buying these points back...they are NOT going to keep them....you CAN get points at the resort you want one way (resale), or another (DVC). Last time I was going thru ROFR, there was one poster that had to try THREE times...but, you know what...they got their points at the resort they really wanted!!!

Not owning where you TRULY love is an AWFUL feeling!! On our last trip, DH just "sighed and sighed" every time BCV came into view. We were at BWV (one of our homes), and we LOVED it!!! We had a beautiful room, which was a smokin' deal because of the standard points, but all he could say was, "I'd gladly pay the difference in points to be at BCV". And, he's not a whiner...he just loved BCV, and we had just invested $36,000...and, we didn't own a single point there. There IS something special about staying where you own, and owning where you love!! If you haven't been to WDW as a DVC member...it's just hard to explain. We totally changed the way we vacationed this last trip...no more "commando" for us (which was a first) because we knew we would be back many times. I am now in the process of selling my VWL (which I LOVE), and will probably have to put my BWV on the market (which, seriously makes me want to cry...but, I don't think DH would ever be "truly" happy staying there...it would kind of put a damper on our vacations), all to get the elusive BCV points. And, I WILL get them, one way or another....if I have to wait on a waitlist for 3 years...so, be it!!! But, you can bet that if DVC ROFR's me, I will be bidding on EVERY BCV contract that "fits the bill"!! They are NOT gonna get me down!!! Please, guys...keep your spirits up....and, do NOT give up!!! You can own where you want....please don't let go of your dream!!! (Beca is stepping down from the soapbox now)....I think we need a group hug!!!

PASSED:
Bobbiwoz - 50 VWL $77 all '05 points intact (mid-Jan)
leise - 100 OKW $76 (1/19, in less than 10 days)
Amanda C - 70 HHI $70 all '05 points intact (mid-Jan)
Scotch - 1) 160 BCV(Apr) $78 4 '04, and all '05(sub. beg of Jan, passed 1/21)
MickeyBabe - 190 OKW $72 (went to DVC 12/22, passed 1/03)
jtiggercat - 130 OKW $72 (Oct) all '05 (went to DVC 1/11, passed on 1/24)
TinkTatoo - 78 OKW $73 (June) all '05 (sub. early Jan, passed in 1 wk)

ROFR'D:
Diszip - 150 VWL (Aug) $75 all '05 + 8 '04 (ROFR'd on 1/20)
Kimber - 50 BCV $73 3 points coming in '05
Donald..really - 200 VWL $75
Mcorbo - 150 VWL $75 103 coming 04/05 (sub.1/07, ROFR 1/26)
disneydawn6 - 170 BCV $78 111 points June 2005 (on 1/26)
Scotch- 2) 150 OKW(Mar) $65 15pts. remaining in '05 (sub. 1/10, rofr 1/26)
(source KANSAS) - 150 BCV(Aug) $77 no points til '06, BUYER pay all closings cost, escow serivce, title insurance,etc+ $200 Disney Transfer fee, OC/$20/ROFR FEE
Greenban - 270 VWL (Aug) $76 all '03, '04 & '05 intact
kepps73 - BWV $77 ROFR'd 1/31(sorry, don't know anymore than that right now)
kelakash - 250 VWL $74 '04 &'05 (sub. appx. 1/03, ROFR'd on 1/31)

WAITING:
hannahr - 250 OKW (Oct) $74, 75 '03, all '04 & '05 (paying half of '04 MF's) (sub 1/12)
Tink10 - 25 BWV (Aug) $78 all '05 (sub 1/14)
Disneyrsh - 300 VWL (Apr) $75 (sub. appx 1/17)
Blue&Gold - 350 BWV (Dec) $78 '04 &'05 (sub. appx. 1/18)
Scott H - 150 HH $69 no points till '06 (sub. appx. 1/19)
triple7 - 100 BCV (Dec) $84 all '04 &'05 (sub. on 1/20)
Daname - 160 BWV $78 with banked 2004 (went to DVC 1/21)
Cinderpals - 200 BWV $77 '04 pts, all '05 pts (went to DVC on 1/21)
Beca - 150 BCV (Aug) $83 all '05 + 137 '04 (went to DVC 1/24)
reesecup - 150 BWV $80 75 '03, all '04 & '05 (sub. appx. 1/26)
DisZip - 150 VWL (Feb) $78 92 banked from '04 & all '05
DVCforMe - 360 VWL (Aug)$76 144 '04 , all '05