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

[DougEMG]

Just sent to Disney today for ROFR

SSR 200 DEC, $54/point + buyer pays closing + buyer pays $473 towards MF.

Comes with 92 2010 points, 200 2011 points and 200 2012 points.


I really have given up on OKW this time. Have two more contracts awaiting signatures before they go to Disney for ROFR and neither one of them are for OKW. I actually haven't made a single offer on an OKW contract since my last OKW contract got ROFR'd.

 

[XGrumpy1]

DougEMG Good luck with the SSR. I agree with you on OKW. You get the sellers to agree on a good price and then DVC ROFR's it!

It is very frustrating and a horrible waste of time and effort.

 

[DizBub]

Best of luck on your SSR contract Doug. Your experiences with OKW stopped me from even looking at those listings!!

 

[AllieV]

Best of luck on your SSR contract Doug. Your experiences with OKW stopped me from even looking at those listings!!

There's a thread in the Mouscellaneous section that tracks monthly buybacks by Disney (just points and contracts, not prices). The update says that there were 16 bought back by Disney in May. April was 13. By contrast, Disney bought back their first VWL contract in May; the last one they bought back at VWL was July 2010.

 

[DougEMG]

Just sent to ROFR today BWV 300 points AUG UY.

Price was $54/point + closing ($525), seller paid MF, comes with 530 points on Aug 2012 and all futures points.

 

[DougEMG]

Just sent to ROFR today SSR 200 points DEC UY.

Price was $50/point + closing ($680), seller paid MF, comes with 198 2010 points that expire Nov, 2012, 200 2011 points that are banked into 2012 UY and 200 2012 points.

Special thanks to AllieV for letting me know about this listing.

 

[fmer55]

Just sent to ROFR today SSR 200 points DEC UY.

Price was $50/point + closing ($680), seller paid MF, comes with 198 2010 points that expire Nov, 2012, 200 2011 points that are banked into 2012 UY and 200 2012 points.

Special thanks to AllieV for letting me know about this listing.

good luck with both

 

[scooby9932]

Just got our first DVC! Found out we passed ROFR while on our belated Honeymoon in (where else?) Disney World!

Submitted on 4/28 and passed ROFR on 5/22. We're so excited! Details: 228 pts / OKW 2042 contract / $53 per point - 1/2 MF's & Closing Costs. We're waiting now -going through estoppels - & should have our paperwork in hand by next week.

 

[DizBub]

Just sent to ROFR today BWV 300 points AUG UY.

Price was $54/point + closing ($525), seller paid MF, comes with 530 points on Aug 2012 and all futures points.

Wow, you are on a mission!!! Doug, I'd love to know how you DO this so fast!! We made an offer 5/21, after some countering we settled on a price on 5/24. Sellers dragged their feet about officially accepting until after Memorial Day. We finally got our contract 5/29, signed and returned 5/30. I was really hoping to hear that we were off to ROFR but nothing yet. The day's not over yet.......Do you know if they send them on a certain day or in batches?

I don't want to jinx myself and disclose details until we are safely in ROFR. We just seem to get sellers that can't be bothered to sign their papers in a timely fashion.

 

[DougEMG]

Just got our first DVC! Found out we passed ROFR while on our belated Honeymoon in (where else?) Disney World!

Submitted on 4/28 and passed ROFR on 5/22. We're so excited! Details: 228 pts / OKW 2042 contract / $53 per point - 1/2 MF's & Closing Costs. We're waiting now -going through estoppels - & should have our paperwork in hand by next week.

Congradulations, makes an excellent belated wedding present to yourselfs

 

[ELMC]

Doug...nice contracts. Good luck on ROFR.

 

[DougEMG]

Wow, you are on a mission!!! Doug, I'd love to know how you DO this so fast!! We made an offer 5/21, after some countering we settled on a price on 5/24. Sellers dragged their feet about officially accepting until after Memorial Day. We finally got our contract 5/29, signed and returned 5/30. I was really hoping to hear that we were off to ROFR but nothing yet. The day's not over yet.......Do you know if they send them on a certain day or in batches?

I don't want to jinx myself and disclose details until we are safely in ROFR. We just seem to get sellers that can't be bothered to sign their papers in a timely fashion.

Luck of the draw is all it is. I just had a contract were we got the email on May 30th, today it is being sent to Disney for ROFR. I've never had it go that fast before.

I've had one seller take 2 weeks to get their final closing documents emailed in, you'd think they would do that fast so they could get their money.

If I don't hear back from the broker in 3-4 days after I've sent in my signed contract I'll send them an email asking when they are expecting the seller to return their sign documents.

 

[DougEMG]

Doug...nice contracts. Good luck on ROFR.

I've got my fingers crossed for the SSR contract. It works out better than any of the OKW contracts that I lost.

 

[cfw213]

Wow, you are on a mission!!! Doug, I'd love to know how you DO this so fast!! We made an offer 5/21, after some countering we settled on a price on 5/24. Sellers dragged their feet about officially accepting until after Memorial Day. We finally got our contract 5/29, signed and returned 5/30. I was really hoping to hear that we were off to ROFR but nothing yet. The day's not over yet.......Do you know if they send them on a certain day or in batches?

I don't want to jinx myself and disclose details until we are safely in ROFR. We just seem to get sellers that can't be bothered to sign their papers in a timely fashion.

We received our contract late on a Friday afternoon - I sent mine back via email on Monday, and by Wednesday I still hadn't heard anything...the sellers were a little slow returning their contract, it was a divorce situation.

They sent us the executed contract on Wednesday around 4 and it was submitted for ROFR the same day. We used Fidelity - not sure what broker you are using.

 

[DizBub]

We received our contract late on a Friday afternoon - I sent mine back via email on Monday, and by Wednesday I still hadn't heard anything...the sellers were a little slow returning their contract, it was a divorce situation.

They sent us the executed contract on Wednesday around 4 and it was submitted for ROFR the same day. We used Fidelity - not sure what broker you are using.

I guess it's good to know I'm not the only slightly frustrated buyer out there. There doesn't seem to be much rhyme or reason with these things. Was really hoping that these sellers might be just as anxious as us to get a deal completed. We are using Fidelity too.

 

[ELMC]

I guess it's good to know I'm not the only slightly frustrated buyer out there. There doesn't seem to be much rhyme or reason with these things. Was really hoping that these sellers might be just as anxious as us to get a deal completed. We are using Fidelity too.

I understand what you're feeling...believe me I've been through it. But like I've said before, it's all part of the resale process. The long waits, the less than responsive sellers, the HUGE savings. Just remember that in most cases buying this contract is of primary importance to you right now, and it most likely isn't the case with the seller. So take a deep breath and know you'll get there eventually.

 

[Bradleyv1714]

I am dying inside just for time to pass by on my ROFR so that I can know if I am once again a DVC owner/member or not!

 

[dunnhorn]

Hi group -

We have bought about 4 contracts on the secondary market, so I know how it works. We just got off the Fantasy today (woo hoo!) and they were doing DVC presentations EVERY DAY to get people to buy points.

Anyway - in the process of talking with one of the DVC reps about the recent price hike (gouge) of BLT to $130/point, he said that Disney is currently exercising ROFR on all BLT contracts so it can turn around and sell for $130 pp.

Just curious about this... wondering if anyone has seen any BLT contracts make it through ROFR?

Best,

Leslie Ann

 

[ELMC]

Hi group -

We have bought about 4 contracts on the secondary market, so I know how it works. We just got off the Fantasy today (woo hoo!) and they were doing DVC presentations EVERY DAY to get people to buy points.

Anyway - in the process of talking with one of the DVC reps about the recent price hike (gouge) of BLT to $130/point, he said that Disney is currently exercising ROFR on all BLT contracts so it can turn around and sell for $130 pp.

Just curious about this... wondering if anyone has seen any BLT contracts make it through ROFR?

Best,

Leslie Ann

Salespeople say a lot of things, and it is troubling to hear DVC salespeople making such statements that are clearly unsubstantiated and most likely inconsistent with what you would hear from another salesperson. About a month ago I passed ROFR for a triple loaded BLT contract for $80 per point. So maybe Disney decided to begin exercising ROFR on all BLT contracts after mine had already passed, or maybe your salesperson is being disingenuous. Who's to say?

What I do know is that based on the information I have read on here, DVD typically ROFRs a contract when they have a specific need for those points and/or use year. There is nothing to suggest that they are in the business of stockpiling points to sell at a future date. (Although in fairness, I have speculated that that's what may be happening with OKW...but I stated it as such, theory and speculation. I'm also not in a position of authority with DVD). Your salesperson saying this could be considered irresponsible. Good luck sorting it all out, please share anything else you might learn on the subject. Thanks!

 

[DizBub]

Hi group -

We have bought about 4 contracts on the secondary market, so I know how it works. We just got off the Fantasy today (woo hoo!) and they were doing DVC presentations EVERY DAY to get people to buy points.

Anyway - in the process of talking with one of the DVC reps about the recent price hike (gouge) of BLT to $130/point, he said that Disney is currently exercising ROFR on all BLT contracts so it can turn around and sell for $130 pp.

Just curious about this... wondering if anyone has seen any BLT contracts make it through ROFR?

Best,

Leslie Ann

The last time I checked BLT is now selling for $160pp. $150 if you buy 100 or more points. On page 171 of this thread there is a list of contracts that have passed ROFR. 17 BLT contracts have passed and no BLT contract has been ROFRed, at least in 2012 as reported by people on this board.

Salesmen!!! They really shouldn't lie when everything they lie about can so easily disproved.