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

[DougEMG]

It was my 3rd OKW contract that was bought back by Disney.

After I had 4 OKW contract lost through ROFR I gave up and ended up buying at other resorts.

Although early this morning I did place an offer on 2 different OKW contracts. I thought maybe there was a slim chance of them passing given some contracts at $48 and $52 had made it through, but now you've depressed me again.

I prefer to image that the OKW contracts being take back with ROFR are just because there are people on the waiting list for those months and that eventually the month on my contract won't have anyone on the waiting list and it will slip past. What I need is about 4-5 OKW contracts all with the same UY, get accepted offers on all of them and have them submitted to ROFR all at once. I figure then 1-2 will get through.

So if anyone is out there with lots of OKW points that they want to sell cheap, let me know so I can test out this theory

 

[uriel12]

Beach Club Villas 300 points Oct UY - $60/PP
300 points - 2011 and 300 points - 2012
Seller pays closing and MF
Sent to Disney today - 6/6/12
Fidelity - Sharon
(here's the deal. the 2011 points cannot be banked because the MF have not been paid. The points will expire 9/30, the possiblity is there that the contract may only come with 300 depending on when it closes)

Got the news yesterday. Disney took another one.
Found out in 8 days. I'm not entirely surprised about this one, but was hoping...

 

[Nigel8600]

Ok, our contract came back from the seller this morning, now submitted to ROFR

150 VWL (Apr) $58, 150 banked '11 pts, all '12 pts, buyer pays closing, buyer pays 12 mf (sub 6/15)

 

[AllieV]

Got the news yesterday. Disney took another one.
Found out in 8 days. I'm not entirely surprised about this one, but was hoping...

That's three of yours they've taken, right?

 

[DougEMG]

Got the news yesterday. Disney took another one.
Found out in 8 days. I'm not entirely surprised about this one, but was hoping...

Sorry to hear that, that would have been an awesome deal.

 

[cpfd910]

Got the news yesterday. Disney took another one.
Found out in 8 days. I'm not entirely surprised about this one, but was hoping...

I bet you would have got that one if no banked points and points not available to the following UY

 

[ELMC]

Got the news yesterday. Disney took another one.
Found out in 8 days. I'm not entirely surprised about this one, but was hoping...

Sorry to hear that. I'm sure you saw it coming, especially with my $60 triple loaded BCV getting snagged a week before.

 

[gatorgirl02]

Got the news yesterday. Disney took another one.
Found out in 8 days. I'm not entirely surprised about this one, but was hoping...

Sorry, that's a bummer because that was a killer deal. But as I said before, the monkey definitely knows what it wants and at least its not making you wait to find out.

 

[gatorgirl02]

Ok, our contract came back from the seller this morning, now submitted to ROFR

150 VWL (Apr) $58, 150 banked '11 pts, all '12 pts, buyer pays closing, buyer pays 12 mf (sub 6/15)

Good luck Nigel. Hopefully the monkey won't be bothered with your contract since he is clearly very busy buying the OKW and BC/BWV contracts.

 

[cz4ever]

Ok, our contract came back from the seller this morning, now submitted to ROFR

150 VWL (Apr) $58, 150 banked '11 pts, all '12 pts, buyer pays closing, buyer pays 12 mf (sub 6/15)

Good luck, Nigel, although that sounds sweet enough that The Man (tm) may dive in. Here's hoping their VWL inventory is already bursting at the seams.

 

[cz4ever]

I think that the speed of this ROFR say something about DVD's buyback "plan" on OKW. It's almost as if the decision was made before the contract even got to them.

I would think that they don't actually ponder each case independently, but instead have a target adjusted-dollar-per-point for each resort based on how much inventory they have for it and how fast they typically sell through that inventory. By adjusted-dollar-per-point I mean something like what Doug (and perhaps others) have posted where you take into account the number of prior/current/next year points that are included and who is responsible for the closing costs and current year MF.

Then again, if they were that organized, it should only take a day or two for them to decide, so maybe they really do get together in a smoky room to debate each case.

 

[Shazzasmd]

Good luck Nigel. Our VWL contract is similar, but $7 a point higher - in for ROFR decision now.

 

[fmer55]

I think that the speed of this ROFR say something about DVD's buyback "plan" on OKW. It's almost as if the decision was made before the contract even got to them.

Don't know about that, there were a couple of contracts that passed early in the week. This particular contract was loaded for bear though.

Sorry to the buyer

 

[Nigel8600]

Good luck Nigel. Hopefully the monkey won't be bothered with your contract since he is clearly very busy buying the OKW and BC/BWV contracts.

Good luck, Nigel, although that sounds sweet enough that The Man (tm) may dive in. Here's hoping their VWL inventory is already bursting at the seams.

Good luck Nigel. Our VWL contract is similar, but $7 a point higher - in for ROFR decision now.

Really? You guys think my deals that good? I thought I didn't get that great a deal. I was looking at march-may rofr passings for VWL and they averaged $56 PP. I am hoping due to 2042 expiry and stuff that passed rofr for cheaper.

I would post a link to the PDF file I am using as proof, but I don't want to get another posting violation penalty for mentioning another resale company.

The first post in this thread, that's up to date right? Even VWL sales there are better than what I got. All hail the monkey lol

NC State Tigger---- 200 VWL (Oct) $58, 200 banked ;10 pts, all '11 & '12 pts, buyer pays closing, seller pays mf (sub 7/26, passed 8/9) Fidelity
Mather50--------- 150 VWL (Sep) $55, all '11 & '12 pts, buyer pays closing, buyer and seller split mf (sub 8/22, passed 9/7) Fidelity
Joey7295------- 225 VWL (Dec) $50, 203 banked '10 pts, all '11 pts, buyer and seller split closing, seller pays mf (sub 9/6, passed 9/20)
edk35----- 50 VWL (Sep) $63, no '11 pts, all '12 pts, buyer pays closing, seller pays mf (sub 9/8, passed 9/20) member
Bonnie151---- 275 VWL (Aug) $54, all '11 & '12 pts, buyer pays closing and mf (sub 8/27, passed 9/21)
edk35----- 100 VWL (Sep) $70, all '11 & '12 pts, buyer pays closing, seller pays mf (sub 9/7, passed 9/21) member
BWV Dreamin------ 150 VWL (Aug) $52, all '11 & '12 pts, buyer pays closing, seller pays mf (passed 11/2)
G'sMaman-------- 150 VWL (Jun) $55, all '10, '11, & '12 ptsm buyer pays closing, seller pays mf (passed 11/2)

 

[Shazzasmd]

Nigel - I also saw a string of VWL offers earlier in the year and the end of last year that were in the $50s, but it just seemed there have not been many contracts available in the last couple of months.

So, yeah, I'd say you got a good deal. But hopefully there is precedent that it will go through, as your statistics show. I did see where one VWL contract was ROFR'd recently.

 

[Nigel8600]

Hi Sharon, thx for the info. Do you remember the details of that rofr? I would hate to lose this AND I would really be chocked at Disney cause April is my use yr and very hard to find.

By the way, what does Disney do with all these rofr's? It's not like they have a resale website do they? Maybe they sell them to existing home resort owners? How do they set prices for that if they do?

 

[catpainter]

Hi, this is my first time posting on this board, but have been watching for a while. We are anxiously waiting on our contract for BLT, 210 pts at $85 per point, all 2012 points. Seller pays all MF except for $150 which we pay, buyer pays closing costs. Was sent to ROFR on June 1st ... 2 weeks today. We really hope it goes through, especially if BLT is sold out now (?). Grandkids Love the contemporary, and we like it being walking distance from MK. Went to WDW for our honeymoon the 1st year it opened, and can't even count the times since! This is our first contract .. Been considering it since 2004 and finally took the plunge...Wish us luck!

 

[DizBub]

Good Luck and Welcome!!!

 

[Shazzasmd]

Hi Sharon, thx for the info. Do you remember the details of that rofr? I would hate to lose this AND I would really be chocked at Disney cause April is my use yr and very hard to find.

By the way, what does Disney do with all these rofr's? It's not like they have a resale website do they? Maybe they sell them to existing home resort owners? How do they set prices for that if they do?

This is the post where I saw that a 100 pt VWL contract was ROFR'd in May. Unfortunately, no details other than the pts.

I'm new to this, so don't know what Disney does with the contracts. From what I've read, speculation seems to be that at least some may be purchased because they have someone wanting to buy a specific contract.

Good Luck - I wouldn't be too worried.

 

[Missyrose]

By the way, what does Disney do with all these rofr's? It's not like they have a resale website do they? Maybe they sell them to existing home resort owners? How do they set prices for that if they do?

Disney can take contracts it acquires via ROFR (as well as contracts they get back via foreclosure, etc.) and sell them as new contracts. The sold-out resorts sell in the neighborhood of $115 per point. AKV is going for $135 and BLT was just increased to $165 per point.

Disney is in the business of making money, never forget that.