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

[MagicalFun]

Hi Beca,

I decided to up my price to $83.50 for the 100 point contract so can you please change it. It was mailed on Feb.14 and probably will go to Disney on Feb. 17. My other contract - 80 BCV went to Disney on Feb. 8. I haven't heard anything yet.

Thanks so much for keeping track of everyone's contracts! It's been very helpful.

 

[Beca]

Magicalfun and Jim...thanks for posting your info!!!

Here's a new update:

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)
Tink10 - 25 BWV (Aug) $78 all '05 (sub 1/14, passed on 2/2)
hannahr - 250 OKW (Oct) $74, 75 '03, all '04 & '05 (paying half of '04 MF's) (sub 1/12, passed 2/2)
Daname - 160 BWV $78 with banked 2004 (sub.1/21, passed 2/3)
happyatdisney - 150 HH $71(Dec) 131 '03 all 04 & 05 (passed 2/3)
Blue&Gold - 350 BWV (Dec) $78 '04 &'05 (sub. appx. 1/18, pass 2/3)
Cinderpals - 200 BWV $77 '04 pts, all '05 pts (went to DVC on 1/21, pass2/4)
Beca - 150 BCV (Aug) $83 all '05 + 137 '04 (went to DVC 1/24, pass 2/4)
triple7 - 100 BCV (Dec) $84 all '04 &'05 (sub. on 1/20, pass 2/4)
N&B'smom - VWL $77 (pass 2/4)
ScottLea94 - 205 HH $70 62 '04 all '05 (sub 1/21, pass 2/4)
NYsHiddenMickey - 150 BWV (Dec) $78 255 banked '03 & '04, all '05 (sub1/27, pass 2/9)
Cinderpals - 350 BCV (Mar) $81 21banked '04, all '05 (sub 1/21, pass 2/9)
DisZip - 150 VWL (Feb) $78 92 banked from '04 & all '05 (pass 2/9)
Iankh - 200 VWL (Aug) $76 55 banked from '04 & 181 of '05 (sub, 1/28 pass 2/9)
reesecup - 150 BWV $80 75 '03, all '04 & '05 (sub. appx. 1/26, pass 2/9)
Disneyrsh - 350 VWL (Apr) $75 (sub. appx 1/17, pass 2/9)
DVCforMe - 360 VWL (Aug)$76 144 '04 , all '05 (pass 2/9)
Tink Tatoo - 150 OKW (June) $74 150 banked '04, all '05 points(sub 2/7, pass 2/14)
Disneyrsh - 300 VWL (Apr) $75 (sub. appx 1/17, pass 2/14)
mcorbo - 200 VWL (Oct) $80 18 '03, all '04 , all '05 (sent 02/02, pass 2/14)

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)
disgirl - 50 BCV $78 (Apr) no points 'til '06 (sub1/24, ROFR'd 2/10).

WAITING:
Scott H - 150 HH $69 no points till '06 (sub. appx. 1/19)
ScottLea94 - 205 HH $70 62 '04 all '05 (sub 1/21)
minnie33 - 200 VWL (April) $79 (sub 2/1)
JoeEpcotRocks - 150 BWV (Mar) $78 all '05 (sent 2/7)
Magicalfun - 80 BCV (Oct) $88 all '03, '04, '05
LauraLea - 80 VWL (Mar) $79 all 05 (sub appx. 2/8)
Al D - 200 BWV $80 all'04 & '05 (sub appx. 2/8)
Scotch - 140 OKW (Oct) $70 all'05 (Sub 2/8)
Cinderpals - 200 BWV (Oct) $77 all '04 & '05 (Sub 2/11)
DisneyRose - 150 VWL (Sep) $80 all '04 '05 (Sub 2/14)
jjnv - 216 OKW $74 (Dec) all 04 banked,all '05 (sub 2/14)
JimMIA - 290 OKW $74 (Sept) all '04 (sub 2/15)
Stitch 03 - 60 OKW $75 (June) all '05 (sub appx 2/16)
Beca - 220 BCV (Aug) $83 no points 'til '06 (sub 2/16)
Magicalfun - 100 BCV (Aug) $83.50 no points 'til '06 (sub 2/17)

 

[minnie33]

Great news today. Our VWL contract passed through ROFR!!! I was amazed at how quickly it happened; about 2 weeks. So, now we wait for the closing so we can make our first "Going Home" reservation.

Could someone please tell me how long it takes once it goes through ROFR until we get our DVC member #, so we can make a reservation? It looks like we will close around the first of March.

Thanks.

 

[ColoradoBelle1]

Anybody here heard of Disney ROFR HH? I could make an offer for HH at
only 63 a point...and that seems quite good to me.

How about ROFR for SS?
I am also considering an offer for that because of the availabilty of points for 2004 and 2005, bringing it down to what I consider a good value.

But it would break my little heart to have DISney play villian!!!!

Colorado Belle

 

[Jamesbyr]

Please, I can't read back through this many messages. What is ROFR? I know what you are talking about, I just can't figure out the acronym.

 

[JimMIA]

Belle,
I'm a newbie at this, but I seem to see some common threads the more I look at these posts.

One is that there doesn't seem to be a whole lot of rhyme or reason to Disney's exercise of their Right of First Refusal (ROFR, to answer another recent post). I've been told that they tend to ROFR in cases where they have sales sitting on the waiting list for the taking (they can ROFR for $75, for example, and have a wait lister at $89 -- instant $14 per point profit); where they know they can sell rooms for big cash like BWV and VWL; to protect their current properties like SS; and whenever a contract just comes through dirt cheap. From what I read into Beca's tabulations, that seems to make as much sense as we're going to make out of a limited sample.

Another common thread I see is much more experienced folks than I buying where they want to stay and paying the freight. Beca is an excellent example. The reason for that, presumably, is that doing so gives them the 11-month window where they want to stay. Buying points somewhere else only gives you a seven month window where you really want to stay and the boards are full of posts about people being wait listed from the seven month windows and not being successful.

This strategy, if I am correct, indicates to me that the more experienced DVCers have learned something that we newbies don't yet understand. I'd be interested to hear from some of the salty vets about that strategy.

The other big strategic consideration, it seems to me, is your flexibility. I live only a three hour drive away and am quite flexible about when I go. I don't want to go to Disney during Spring Break, but I love October-November-early December when everybody's in school. One of my DDs is a schoolteacher and is thus limited to school break and vacation periods. Other people may have difficulty planning more than a couple of months ahead.

Everybody's situation is different, and it may just be that the fit for your particular situation is more important than the price in the long run.

 

[ColoradoBelle1]

Hi James
ROFR=Right of First REfusal....Disney has the option of buying back your points if Disney feels they are a good deal for them to buy and then resale at a higher price. It actually protects all the owners from heavy discounting of points ...so once you are IN as a DVC owner, it's not a bad thing for you.

But for people like ME trying to get a foot in the door....it can be a bummer.

Colorado Belle

 

[Cinderpals]

Wow! Great news! Another VWL contract passed** Great resort to own at. Very high demand during Christmas Season!! I get to stay at the resort again this March
Love the pool, WC, Roaring Forks, CMS, store, pin cart etc....

 

[ColoradoBelle1]

Hi Jim MIA...a very thoughtful post. Thank you!
Colorado Belle

 

[iankh]

Please, I can't read back through this many messages. What is ROFR? I know what you are talking about, I just can't figure out the acronym.

Right of First Refusal. Disney has the right to review all resales (once there is an offer accepted by the buyer in place, and a contract) and has the right to purchase back the points at the price agreed between the buyer and seller.

If they exercise their ROFR, the buyer loses the contract, since it is now being bought by Disney. If they waive their ROFR, the original buyer gets to purchase the contract.

 

[Beca]

JimMIA...you may be a "newbie", but you "got it going on"!!!!!

minnie33....CONGRATULATIONS!!!

ColoradoBelle....DVC WILL ROFR HH, but at much lower prices. I am sorry, there have not been a lot of posters buying HH, so I do not know what the "threshold" is for that one, but $63 seems low to me. If you are putting in an offer via a reseller....ask them what has been the most recent HH that has passed, and has been ROFR'd. Resellers really are the best sources for this. No matter what they tell you...they DO keep records of this.

Here's the update:

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)
Tink10 - 25 BWV (Aug) $78 all '05 (sub 1/14, passed on 2/2)
hannahr - 250 OKW (Oct) $74, 75 '03, all '04 & '05 (paying half of '04 MF's) (sub 1/12, passed 2/2)
Daname - 160 BWV $78 with banked 2004 (sub.1/21, passed 2/3)
happyatdisney - 150 HH $71(Dec) 131 '03 all 04 & 05 (passed 2/3)
Blue&Gold - 350 BWV (Dec) $78 '04 &'05 (sub. appx. 1/18, pass 2/3)
Cinderpals - 200 BWV $77 '04 pts, all '05 pts (went to DVC on 1/21, pass2/4)
Beca - 150 BCV (Aug) $83 all '05 + 137 '04 (went to DVC 1/24, pass 2/4)
triple7 - 100 BCV (Dec) $84 all '04 &'05 (sub. on 1/20, pass 2/4)
N&B'smom - VWL $77 (pass 2/4)
ScottLea94 - 205 HH $70 62 '04 all '05 (sub 1/21, pass 2/4)
NYsHiddenMickey - 150 BWV (Dec) $78 255 banked '03 & '04, all '05 (sub1/27, pass 2/9)
Cinderpals - 350 BCV (Mar) $81 21banked '04, all '05 (sub 1/21, pass 2/9)
DisZip - 150 VWL (Feb) $78 92 banked from '04 & all '05 (pass 2/9)
Iankh - 200 VWL (Aug) $76 55 banked from '04 & 181 of '05 (sub, 1/28 pass 2/9)
reesecup - 150 BWV $80 75 '03, all '04 & '05 (sub. appx. 1/26, pass 2/9)
Disneyrsh - 350 VWL (Apr) $75 (sub. appx 1/17, pass 2/9)
DVCforMe - 360 VWL (Aug)$76 144 '04 , all '05 (pass 2/9)
Tink Tatoo - 150 OKW (June) $74 150 banked '04, all '05 points(sub 2/7, pass 2/14)
Disneyrsh - 300 VWL (Apr) $75 (sub. appx 1/17, pass 2/14)
mcorbo - 200 VWL (Oct) $80 18 '03, all '04 , all '05 (sent 02/02, pass 2/14)
minnie33 - 200 VWL (April) $79 (sub 2/1, pass 2/15)

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)
disgirl - 50 BCV $78 (Apr) no points 'til '06 (sub1/24, ROFR'd 2/10).

WAITING:
Scott H - 150 HH $69 no points till '06 (sub. appx. 1/19)
ScottLea94 - 205 HH $70 62 '04 all '05 (sub 1/21)
JoeEpcotRocks - 150 BWV (Mar) $78 all '05 (sent 2/7)
Magicalfun - 80 BCV (Oct) $88 all '03, '04, '05
LauraLea - 80 VWL (Mar) $79 all 05 (sub appx. 2/8)
Al D - 200 BWV $80 all'04 & '05 (sub appx. 2/8)
Scotch - 140 OKW (Oct) $70 all'05 (Sub 2/8)
Cinderpals - 200 BWV (Oct) $77 all '04 & '05 (Sub 2/11)
DisneyRose - 150 VWL (Sep) $80 all '04 '05 (Sub 2/14)
jjnv - 216 OKW $74 (Dec) all 04 banked,all '05 (sub 2/14)
JimMIA - 290 OKW $74 (Sept) all '04 (sub 2/15)
Stitch 03 - 60 OKW $75 (June) all '05 (sub appx 2/16)
Beca - 220 BCV (Aug) $83 no points 'til '06 (sub 2/16)
Magicalfun - 100 BCV (Aug) $83.50 no points 'til '06 (sub 2/17)

 

[jbhaupt]

Beca,
Put us on you passed list...We just got the email from Jerry at the TSS yesterday...BWV 150 pts all 150 coming Oct/05 at $76/pp. submit 2/1 heard 2/16
So excited.

Bonnie

 

[Cinderpals]

Congratulations!

There's a new BCV Sept 250 pts available
and a VWL August UY with some '04 points TTS

 

[senecabeach]

Cinderpals....Thanks!!

+ a 300 pt. Sept UY contract on TUG..reduced to $85.


YES...YES...YES....SEPT UY !!


OK..I'll just sit quietly now and...sing to myself the "WISHES" theme song:

Star light, star bright, first star I see tonight...wish I may..etc

 

[Cinderpals]

Senecabeach,

I thought that would make your heart sing!

 

[senecabeach]

Cinderpal...

You are sooooo right.

The problem I really DO have is that this re-sale vs. wait list process really stinks.
I equate it to being a body part donor: One family is sad, being ROFR'ed, and one family happy.."got their wait list points".

Very unfortunate..

 

[mcorbo]

Cinderpal...

You are sooooo right.

The problem I really DO have is that this re-sale vs. wait list process really stinks.
I equate it to being a body part donor: One family is sad, being ROFR'ed, and one family happy.."got their wait list points".

Very unfortunate..

In my case, Disney ROFR's my first attempt at a 150 point contract at $75, then 2 weeks later, turned around and sold them to me while I was on the waitlist for $89.

In addition, on the same day I founf out my waitlist came through (it only took 2 weeks) my ROFR approval came through on my second attempt at a 200 point contract, so now, I potentially own 350 points at VWL.

 

[JimMIA]

Seems to me that if you make an offer on a resale and waitlist for the same property with similar or identical terms, all you are doing is bidding against yourself.

When you do that, aren't you just creating the market for the ROFR??? If Disney can turn an instant $15 per point profit, less some minor costs, they'd be nuts to let your contract go through.

 

[mcorbo]

Seems to me that if you make an offer on a resale and waitlist for the same property with similar or identical terms, all you are doing is bidding against yourself.

When you do that, aren't you just creating the market for the ROFR??? If Disney can turn an instant $15 per point profit, less some minor costs, they'd be nuts to let your contract go through.

In my case, I waitlisted after I was denied via ROFR the first time as I became disenchanted with the entire resale/ROFR process. Of course, "she who can not be named" found another resale for me to try on. DVC said that they did not expect the waitlist to come through for months.

 

[JimMIA]

Ah...I see. Sorry. I knew that didn't sound right!

On the bright side, having 350 points at VWL is certainly not the worst problem you could have.