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

[sunshinehighway]

I'm not saying this to be mean, but given the recent history on OKW ROFR, the odds don't look good. I wish you the best of luck, but I wouldn't waste your energy getting nervous...it's out of your hands now. No sense worrying.

Yeah I know. I know it'll be a while so I'll try not to start worrying for a few weeks. Its my first DVC purchase so I can't help it.

Its OKW 100 points ,200 points coming dec 2012 (100 banked from 2011) $57/point, buyer paying closing and 2012 mf.

 

[ELMC]

Yeah I know. I know it'll be a while so I'll try not to start worrying for a few weeks. Its my first DVC purchase so I can't help it.

Its OKW 100 points ,200 points coming dec 2012 (100 banked from 2011) $57/point, buyer paying closing and 2012 mf.

Well, if price is the main motivator like many believe, you may be out of the range that Disney usually likes to buy in. So that's a good thing. I wish you the best of luck and if you pass I will officially rethink my "price doesn't matter and Disney is buying everything because they are up to something" theory about why they are ROFRing so many OKW contracts.

 

[lmb]

We just signed our contract today and are going to rofr....
HHI 50pts $52pp
50 2010 pts, 36 2011 pts,50 2012 pts
Buyer pays closing and 2012 mf
I am now regretting not bargaining but the small contracts are going so quickly and with the banked pts I didn't want to risk it.
this is for my step daughters wedding gift

 

[bdoleary]

We just signed our contract today and are going to rofr....
HHI 50pts $52pp
50 2010 pts, 36 2011 pts,50 2012 pts
Buyer pays closing and 2012 mf
I am now regretting not bargaining but the small contracts are going so quickly and with the banked pts I didn't want to risk it.
this is for my step daughters wedding gift

Nice wedding gift!! Good luck with the ROFR process!

 

[Tunseeker1]

We just signed our contract today and are going to rofr....
HHI 50pts $52pp
50 2010 pts, 36 2011 pts,50 2012 pts
Buyer pays closing and 2012 mf
I am now regretting not bargaining but the small contracts are going so quickly and with the banked pts I didn't want to risk it.
this is for my step daughters wedding gift

Good Luck.
what were the closing costs if you don't mind.

 

[DougEMG]

Yeah I know. I know it'll be a while so I'll try not to start worrying for a few weeks. Its my first DVC purchase so I can't help it.

Its OKW 100 points ,200 points coming dec 2012 (100 banked from 2011) $57/point, buyer paying closing and 2012 mf.

That's working out to a lot more per point then the contracts ELMC and I lost to ROFR. If price has anything to do with it, then this might pass. Best of luck.

If you're not set on OKW, you should be able to get a similar deal at SSR which probably has a better chance of passing.

 

[lmb]

We opted for the $375 closing cost option without title insurance - with title insurance it would have been $600. The agent said most title issues would come up in ROFR so it shouldn't be an issue. (This tiered closing cost system just relates to HHI closings and the various resale companies are using the same approach) Dues were 297 for 2012

 

[Lucia_27]

Congrats to those who passed this week, and condolences to those who didn't!

I am scratching my head at the OKW ROFRs... we made it through in late March, but we had more points (320) and a higher price/pt ($54) than the others that haven't made it.

 

[jjwelch24]

We made an offer to add some points to our membership. Our offer was submitted to Disney on April 17th and we received notice today, April 27th, that Disney exercised its ROFR. It was for 90 points, June UY, no 2011 points and all 90 points for 2012. $40 per point. Back to the drawing board. At least Disney was quick in letting us know so we can start looking again.

 

[Caren90]

We made an offer to add some points to our membership. Our offer was submitted to Disney on April 17th and we received notice today, April 27th, that Disney exercised its ROFR. It was for 90 points, June UY, no 2011 points and all 90 points for 2012. $40 per point. Back to the drawing board. At least Disney was quick in letting us know so we can start looking again.

Sorry about that and better luck next time.
It seems that ROFR is picking up on many different resorts. This is great for current sellers and not so great for buyers.

Stephen

 

[jjwelch24]

Sorry about that and better luck next time.
It seems that ROFR is picking up on many different resorts. This is great for current sellers and not so great for buyers.

Stephen

Fidelity said that they are seeing Disney exercising its ROFR a lot in the last couple of months.

 

[gatorgirl02]

Yeah, just talked to my broker at Fidelity and she said DVC is really buying back OKW and some HHI with steam...UGH Let's just say I am not so confident that our OKW contract will pass but the longer they wait the better, b/c if they go over the 30 day mark, you got 'em!

 

[goldenears]

So sorry to those who had Disney exercise ROFR.

We just signed a contract w/ Fidelity and sent it back yesterday. Will they let us know when they send it to Disney for ROFR?
TIA!

 

[MousekeTom]

We just signed a contract w/ Fidelity and sent it back yesterday. Will they let us know when they send it to Disney for ROFR?
TIA!

Yes, Fidelity will send you an email as soon as they receive the purchase contracts from both the buyer and the seller. In that email, they will detail the remaining steps and approximately how long each step will take.

 

[Joey7295]

Yeah I know. I know it'll be a while so I'll try not to start worrying for a few weeks. Its my first DVC purchase so I can't help it.

Its OKW 100 points ,200 points coming dec 2012 (100 banked from 2011) $57/point, buyer paying closing and 2012 mf.

Here is a little bit of hope. I passed ROFR not that long ago with the following contracts.

25 OKW (Aug) $55, 25 banked '10 pts, all '11 & '12 pts (sub 1/30, passed 2/29)
45 OKW (Aug) $55, 45 banked '10 pts, all '11 & '12 pts (sub 1/30, passed 2/29)
40 OKW (Sep) $55, 40 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
40 OKW (Sep) $55, 40 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
70 OKW (Sep) $55, 70 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
100 OKW (Sep) $55, 100 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)

Your price per point is higher than mine so I hope you pass.

 

[ELMC]

Here is a little bit of hope. I passed ROFR not that long ago with the following contracts.

25 OKW (Aug) $55, 25 banked '10 pts, all '11 & '12 pts (sub 1/30, passed 2/29)
45 OKW (Aug) $55, 45 banked '10 pts, all '11 & '12 pts (sub 1/30, passed 2/29)
40 OKW (Sep) $55, 40 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
40 OKW (Sep) $55, 40 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
70 OKW (Sep) $55, 70 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
100 OKW (Sep) $55, 100 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)

Your price per point is higher than mine so I hope you pass.

Joey, thanks for the encouragement, but I think the landscape has changed since you got your contracts through. Shortly thereafter began the run where the majority of OKW contracts (regardless of price) got bought back by Disney. A few people mentioned the beginning of the fiscal year, which makes sense. Also, the new head of DVD may be implementing her plans. Whatever the case, it is a different environment now...

 

[goldenears]

Yes, Fidelity will send you an email as soon as they receive the purchase contracts from both the buyer and the seller. In that email, they will detail the remaining steps and approximately how long each step will take.

Thank you!

 

[tgropp]

I purchased 50 BCV points (Sept UY) for $81 point. It had 50 2011 points 50 2012 points. I paid 2012 maintenance fees and closing costs. I overpaid but there are not many Sept use years, especially low point ones.

 

[sunshinehighway]

Here is a little bit of hope. I passed ROFR not that long ago with the following contracts.

25 OKW (Aug) $55, 25 banked '10 pts, all '11 & '12 pts (sub 1/30, passed 2/29)
45 OKW (Aug) $55, 45 banked '10 pts, all '11 & '12 pts (sub 1/30, passed 2/29)
40 OKW (Sep) $55, 40 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
40 OKW (Sep) $55, 40 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
70 OKW (Sep) $55, 70 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)
100 OKW (Sep) $55, 100 banked '10 pts, all '11 & '12 pts, buyer pays closing and mf (sub 2/21, passed 3/14)

Your price per point is higher than mine so I hope you pass.

I'm hoping the higher price gives me a better shot too. I received so much advice from reading these boards. Honestly, I was originally shooting for a lower price but, I was seeing so few 100 point contracts and they were going so fast. In a way, I'm glad now its a little higher because of what I've been reading.

 

[ELMC]

I'm hoping the higher price gives me a better shot too. I received so much advice from reading these boards. Honestly, I was originally shooting for a lower price but, I was seeing so few 100 point contracts and they were going so fast. In a way, I'm glad now its a little higher because of what I've been reading.

I'll say it again, we are only assuming that price is a motivating factor when Disney decides to buy back a contract. The fact is that nobody that I am aware of has seen a ROFR policy guide from Disney (even if there is one). People have speculated that price is why contracts do or do not make it through ROFR, but really they are just drawing conclusions based on limited and incomplete sets of data. This month alone a $50pp BWV contract closed whereas a $65pp contract got ROFR'd. I would caution people about paying more per point as a form of insurance to pass ROFR. If it makes you feel better, then that's cool, but keep in mind we have no proof that makes any difference whatsoever.