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

[disgirl]

Colmenares: I can not tell you how shocked I am that your contract was ROFR. I would have thought $80 would have passed. I am sorry. Good Luck with the next try. Sending pixie dust your way and to all those waiting for good news!

 

[RayJay]

Colmenares3 - I don't know how I missed your post!!! I am SO sorry to hear that....and SHOCKED too!!! It's SO strange that the one I sold just went thru at $69 per point!!!

OKay, now I'm nervous, we are waiting for ROFR right now on the same
use year (June) 100 pts at boardwalk at $78 per point. Looks like we're
not going to make it.

RayJay

 

[jnrrt]

Colmenares3 - I don't know how I missed your post!!! I am SO sorry to hear that....and SHOCKED too!!! It's SO strange that the one I sold just went thru at $69 per point!!!

OKay, now I'm nervous, we are waiting for ROFR right now on the same
use year (June) 100 pts at boardwalk at $78 per point. Looks like we're
not going to make it.

RayJay

RayJay,

I had one pass just a few weeks ago for June at BWV at $78 (175 pts.). We actually raised our offer because it made me too nervous at $76. I'm glad that I didn't know this when we went through the process because after we raised our offer it didn't occur to me to be worried about it - my agent said she'd never had one bought back at $78. But this is only one contract. I really don't see any rhyme or reason yet, and as Beca said, another one passed at $69, so who knows? More of them are than aren't so here's some pixie dust for you!

 

[RayJay]

Colmenares3 - I don't know how I missed your post!!! I am SO sorry to hear that....and SHOCKED too!!! It's SO strange that the one I sold just went thru at $69 per point!!!

RayJay,

I had one pass just a few weeks ago for June at BWV at $78 (175 pts.). We actually raised our offer because it made me too nervous at $76. I'm glad that I didn't know this when we went through the process because after we raised our offer it didn't occur to me to be worried about it - my agent said she'd never had one bought back at $78. But this is only one contract. I really don't see any rhyme or reason yet, and as Beca said, another one passed at $69, so who knows? More of them are than aren't so here's some pixie dust for you!

One theory might be if you don't already own, they may not give it to you, we are just starting out again with just 100 points, I use to have 210 at BCV but sold 3 years ago.

Anyway, maybe they have waitlist people that want those Use years?

I don't know
RayJay

 

[Oz-Ma]

The whole process is certainly perplexing.... I don't own but just passed ROFR for BCV at $85 with points. Again, there doesn't seem to be any consistency .

to all waiting!

 

[jnrrt]

The whole process is certainly perplexing.... I don't own but just passed ROFR for BCV at $85 with points. Again, there doesn't seem to be any consistency .

to all waiting!

The BWV contract was our first too.

My feeling about $85 though, is that Disney usually has to pay closing costs twice - once to buy it back and then once to sell it again since they include closing costs. So at $85 a point when they're selling for $89, with all the closing fees, they can't even break even, they'd be losing money. So there has to be a point when it's just too close to their selling price. Even if they had to make a potential buyer wait, I do not see how they would buy an existing contrace to sell it back at a loss. So I'm thinking that the highest price they would buy back on most contracts that would have the buyer paying closing costs would have to be around $80. It depends some, of course, on the closing costs for the individual contract, but it seems like a good estimate to me.

 

[jnrrt]

Sorry, I also wanted to say that there is an incentive for Disney not to make the process too comfortable aside from propping up the price on the resale market. If you have to buy high enough, and it's going to take longer and be a lot more of a pain, and you don't even know for sure that you'll get it, there are many people who would feel it wasn't worth the hassle and decide to do it straight through Disney. I know that after going through this whole process (and now waiting again just to be in the system) signing papers and not waiting and worrying is looking really good. If we were to add on at a later date for a small number of points, I'd probably just pay the higher price to avoid the hassle. And that's good for Disney.

 

[dizplanner]

One thing to remember is the total cost of the resale - the per point cost is only part of it. For example, when we purchased our 150 VWL (Aug use year) last November, we paid $74 per point. We also paid the closing costs of $450 or $3/point. The contract had all 2004 points, so we also paid the maintenance fees on the 150 points (I don't remember the exact number, but over $4/point. So we effectively paid $81/point. If someelse didn't pay maintenance fees or closing (some of the contracts listed now have the seller paying the closing) and paid $78/point - they might get ROFR'd and people would say "why did a $74 pass and a $78 fail?" but the real answer is that the $74 contract actually cost more.

 

[wdwhereicome]

your dreams will come true! :thewave:

The waiting is over. March 31st we passed ROFR. Mind you, it's only 30 points...but hey, soon I'll be able to hear...Welcome Home!

 

[Beca]

wdwhereicome - CONGRATULATIONS!!!!

dizplanner - just an fyi....most people have been really forthcoming about when "the norms" of contracts have not been followed. Since most of the contracts are coming from "the big 3", I have to believe that contracts would be "few and far between" that are not the conventional: seller pays $220 transfer and OC ROFR fee, buyer pays closing costs and maintenance on all unused (and unbanked) points. I'm sure we really are comparing apples to apples, and not apples to oranges in most cases.

I am sure for a 100 pt contract, the buyer paid closing costs, and not the seller...the seller would just lose too much. So, that does directly compare to my contract which got thru ROFR at $69 per point.

I don't want you to think I don't appreciate your insight, because I do. I just think "non-standard" contracts are a very insignificant number on this thread...but, I do hope that posters continue to let me know when things are different from standard.

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)
jbhaupt - 150 BWV (Oct) $76 all '05 (sub2/1, pass 2/16)
LauraLea - 80 VWL (Mar) $79 all 05 (sub appx. 2/8, pass 2/18)
Magicalfun - 80 BCV (Oct) $88 all '03, '04, '05 (pass 2/21)
Scotch - 140 OKW (Oct) $70 all'05 (Sub 2/8, pass 2/21)
amyah - 150 BWV (Jun) $78 all '05 (Sub 2/7, pass 2/24)
Stitch 03 - 60 OKW $75 (June) all '05 (sub appx 2/16, pass 2/28)
jjnv - 216 OKW $74 (Dec) all 04 banked,all '05 (sub 2/14, pass 2/28)
HONI - 230 OKW $75 230 banked '04, all '05 (sub 2/17, pass 2/28)
Scott H - 200 HH $70 all '05 (sub 2/22, pass 2/28)
JoeEpcotRocks - 150 BWV (Mar) $78 all '05 (sent 2/7, pass 2/28)
lsl - 225 SSR (Jun) $79 (sub 2/15, pass 2/28)
Al D - 200 BWV $80 all '04 & '05 (sub appx. 2/8, pass 2/28)
Al D - 306 BWV $80 (Dce)186 '03, all 04 and 05 (sub 2/15, pass 2/28)
DisneyRose - 150 VWL (Sep) $80 all '04 '05 (Sub 2/14, pass 3/1)
Cinderpals - 200 BWV (Oct) $77 all '04 & '05 (Sub 2/11, pass 3/3)
rdcoffee - 350 BCV $83, all '05 (sub 2/17, pass 3/8)
Colorado Belle - 170 BWV $80.5 all '04 '05 (seller pays all '05 MF) (sub 2/18, pass 3/8)
LauraLea - 90 BWV (Oct) $76 147 04, all 05 (sub 2/22, pass 3/8)
monami7 - 50 HH (Mar) $75, all '05 (sub 2/25, pass 3/8)
travelin' tigger - 50 OKW (Oct.) $78/pt. No '05, (sub 2/25, pass 3/10)
Greg K. - 160 BWV (Mar) $80 all '04 banked into '05
jnrrt - 175 BWV (Jun) $78 51 '04 and all '05 (sub 2/23, pass 3/10)
DizWacko - 120 BCV (Dec) $84 75 '04, all '05 (sub 2/26, pass3/10)
JimMIA - 310 OKW (Oct) $73, 149 '04, all '05, (sub 2/25, pass 3/10)
Amyup - 100 SSR (Dec) $80 all '04 and '05 (sub 2/22, pass 3/14)
RWinNola - 150 BWV (Mar) $78 all '05 (sub 2/28, pass 3/14)
rtobe - 150 BWV $78 (sub 2/22, pass 3/14)
Beca - 220 BCV (Aug) $83 no points 'til '06 (sub 2/17, pass 3/18)
Magicalfun - 100 BCV (Aug) $83.50 no points 'til '06 (sub 2/17, pass 3/18)
roadtripper - 100 OKW (Jun) $76 20 '04, all '05 (sub 3/2, pass 3/21)
bluedoggy - 100 OKW (Mar) $75 all '05 '06 (sub 3/15, pass 3/30)
magicalmcwho - 150 BCV (Aug) $88 40 banked 04 and all 05 points (sub 3/9, pass 3/30)
lsl - 100 SSR (Aug), $80 all '05 (sub 3/14, pass 3/30)
wdwhereicome - 30 OKW (Feb) $80 15 '05 points (sub 3/9, pass 3/31)
Beca (seller) - 210 BWV (Sept) $69 60 '05 (sub 3/1, pass 4/1)
champagne27 - 200 BWV $78, 188 37 '04, all '05 (sub 3/11, pass 4/4)
KANSAS - 200 BWV(Aug) $78 all '04 & '05 (sub appx 3/12, pass 4/4)
AnnMorin (seller) - 190 VB (Dec) $58.42 13 '04, all '05 (sub 3/21, pass 4/4)
Oz-Ma - 100 BCV (Oct) $85 04 and 05 points (sub 3/11, pass 4/4)
justjudy - 230 OKW (Jun) $79 209 banked '04, all '05 (don't know dates)



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)
Scott H - 150 HH $69 no points till '06 (sub. appx. 1/19, ROFR'd 2/18)
soxfans45 - 180 BWV $78 (Apr) 163 '05 (sub, 2/28, ROFR'd 3/21)
colmenares - 100 BWV (Jun) $80 all '05 (sub 3/14, ROFR'd 4/6)

WAITING:
Northern Lights - 160 BCV (aug), $85, 42 banked '04, all '05 (sub 3/10)
Lauralea - 150 VWL (Dec) $70 5 '04, 13 '05 pts (sub 3/14)
aussiemickeys - 150 SSR (Feb) $83 all '05 (sub 3/16)
Beca - 100 BCV (Aug) $83.50, 2 '05 points, (sub 3/25)
depilot - 240 BCV(Feb) $79.17
wbcincy - 155 BWV(Feb) $79 all '05 points (sub appx 3/30)
JoeEpcotRocks - 150 BWV(Feb) $76 no points 'til '06 (sub 3/30)
winniedapooh - 52 OKW (Aug) $76 (52 for both 2003/04 banked=104 use by 8/1/05) (sub 4/1)
keishashadow - 58 VWL (Oct) $82 all '04 (banked) all '05 (sub 4/4)
NJOYURLIFE - 50 OKW (Oct) $75 38 '03 (banked) (sub 4/6)

 

[wdwstar]

i was just wondering, looking over the list i couldnt find anyone that bought a resale for vero beach, or did i miss one? is it that no one is interested in vb, maybe because the maintance fees are more then the other dvc resorts, i have a friend that is interested in vb, i gave her a few resale places to look into, but she was just wondering what vb was going for per point and passing thru rofrd.

 

[jnrrt]

And on that line of thought, what happens if Disney evers sells a resort? If you owned at Vero, and they decided to sell it, would you have the option of transferring your points somewhere else, or are you just out of luck and staying a lot at Vero?

 

[SpoonfulofSugar]

Just wondering if it makes a difference which company you buy a resale thur? Do all companies have some that make it and some that get ROFR'd or do some companies have a better method of pricing resales?
Just a thought.

 

[dismem98]

I haven't read all the info on this thread, but I have a theory on ROFR. I wonder if it depends on whether you are paying cash or financing?? If you're wanting to finance, Disney will make the money on that and may use their ROFR on a lesser $$per point. If you're paying cash and paying a fair price than Disney has less of an incentative to buy it back.

Make any sense??

 

[wdwstar]

and i forgot one more question, with the resale purchase of VB, ball park guess, how many years are left to use VB ? maybe that is another factor that people are not buying VB. although OKW was the first resort to be offered and people are still buying Okw.

 

[wdwstar]

when buying a resale you have to do your own finacing, so there for i guess it would be like paying cash.

 

[jnrrt]

when buying a resale you have to do your own finacing, so there for i guess it would be like paying cash.

Plus, it's not likely people would have their contract bought back by Disney and then say, "Oh well, let's go buy from Disney". Usually they try another resale.

 

[dismem98]

No, but than Disney can sell it to someone who wants to finance it. You never know who or what their circumstances are on their wait list. It seems like it's easier to finance through Disney though I don't know firsthand. I pd cash the 1st time back in '98 and have just added on with SSR offer with cash as well. It's my first time to add on, but am glad I did.

In today's world - it's all about the bottome line.

 

[wdwstar]

my guess would be disney would have to keep up there standards and when a resale goes thru them and the price per point is low and they have a waitlist for that certain dvc resort, why let it go thru when disney can buy it back and raise the price for the next person on the waitlist for that resort. and another way of looking at it , if the price per point is low and disney does not have a waitlist for that certain dvc resort and may feel why buy it back and hold on to it if nobody is interested in buying into that resort, more like "supply and demand" i guess we will never know why or when disney will rofrd these resales.

 

[Northern Lights]

We passed ROFR! Now we just need to get thru closing and on the DVC system.