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

[Firepath]

We heard yesterday that our VWL contract was taken back by Disney. In this case, we are the sellers so now I'm thinking we should have insisted on our listing price and we'd all be happy, including the buyers. It was for 150 points at $70 per point - June use year with 118 2013 points and all points going forward.

That's interesting. If I were buying direct, I wouldn't want anything less than the full allotment of points for the current year. I wonder how they market that. If I were on the waitlist I'm not sure I'd pay full price for less points. Has anyone buying had that happen to them and what did you do?

 

[Firepath]

That's interesting. If I were buying direct, I wouldn't want anything less than the full allotment of points for the current year. I wonder how they market that. If I were on the waitlist I'm not sure I'd pay full price for less points. Has anyone buying had that happen to them and what did you do?

Okay, I may have answered my own question. If they ROFR a loaded contract can they move those extra points over to another contract that is missing some?

 

[Iceman13]

We just went into ROFR for a 50 pt. fully loaded contract at BLT (including all 2012 points banked). We offered $105 pp, which is high, but it was perfect contract for us and didn't want to get outdid.

Keeping our fingers crossed.

 

[ELMC]

That's interesting. If I were buying direct, I wouldn't want anything less than the full allotment of points for the current year. I wonder how they market that. If I were on the waitlist I'm not sure I'd pay full price for less points. Has anyone buying had that happen to them and what did you do?

They cannot legally sell you a contract that does not have a full compliment of the current UY points.

Okay, I may have answered my own question. If they ROFR a loaded contract can they move those extra points over to another contract that is missing some?

Exactly. Disney controls the Disney magic. In this case they can magically take points from elsewhere and add them to this contract. Or they can sell a new contract for fewer points and have extra left over. I'm sure there are a few other things they can do as well that we're not even aware of. It's good to be the king. (Anyone?)

 

[rusafee1183]

We heard yesterday that our VWL contract was taken back by Disney. In this case, we are the sellers so now I'm thinking we should have insisted on our listing price and we'd all be happy, including the buyers. It was for 150 points at $70 per point - June use year with 118 2013 points and all points going forward.

I'm curious, what was the full asking? I made a full price offer at $79pp. Really hoping since Disney stole this one that they let my VWL slide by next week.

Sorry they took yours, I'm assuming that it doesn't affect the seller TOO much at this point - but if the buyer had offered a bit more, you're right.... you would have walked away with a bit more and they may have gotten the contract

Sent from my iPhone using DISBoards

 

[Minnies Dad]

Waiting on DVC, went to ROFR on 4/26. BLT Feb 240 $80 264 (24 banked) 2013, 240 2014. Buyer pays closing and 2013 Maintenance Fees.

Disney took it. Back to starting point.

 

[Minniesgal]

I noticed Tuesdays were the trend the last couple weeks. The holiday weekend may push it back a day or two next week. We shall see. Hoping to hear soon!

Sometimes but not always we heard on a Saturday

 

[lovin'fl]

They cannot legally sell you a contract that does not have a full compliment of the current UY points.



Exactly. Disney controls the Disney magic. In this case they can magically take points from elsewhere and add them to this contract. Or they can sell a new contract for fewer points and have extra left over. I'm sure there are a few other things they can do as well that we're not even aware of. It's good to be the king. (Anyone?)

Also from foreclosures and an extra (unsold...certain % of points goes unsold at each resort) stash they have. And maybe they know what % of points goes unused and expires each year and may be able to work with those (but I am not sure about that).

 

[icouldlivethere]

We just went into ROFR for a 50 pt. fully loaded contract at BLT (including all 2012 points banked). We offered $105 pp, which is high, but it was perfect contract for us and didn't want to get outdid.

Keeping our fingers crossed.

Were they asking $115 and was it a Sept. UY? I was thinking about putting in an offer on that one but we have an Oct UY at BWV. Now I'm kicking myself for not doing it.

Good luck! I hope it makes it through!

 

[Iceman13]

Were they asking $115 and was it a Sept. UY? I was thinking about putting in an offer on that one but we have an Oct UY at BWV. Now I'm kicking myself for not doing it.

Good luck! I hope it makes it through!

I think we are talking about the same one.

Thanks for the good wishes

 

[G'sMaman]

Okay, I may have answered my own question. If they ROFR a loaded contract can they move those extra points over to another contract that is missing some?

I did think it was odd that they would ROFR a partially stripped contract, but I guess VWL must be in high demand. I'm sure DVC has extra points they can move around - after all it's only one year's points they have to worry about making up.

I'm curious, what was the full asking? I made a full price offer at $79pp. Really hoping since Disney stole this one that they let my VWL slide by next week.

Sorry they took yours, I'm assuming that it doesn't affect the seller TOO much at this point - but if the buyer had offered a bit more, you're right.... you would have walked away with a bit more and they may have gotten the contract

Sent from my iPhone using DISBoards

I was going to list at $78 hoping to get $74, but then decided to just go ahead and list at $74. It sold a day later at $70. In any event, I'm not too upset. I bought these points less than 2 years ago for $55 and it came fully loaded with 150 banked points which I sold so it brought the net cost down to $45 a point. Even with the broker's fee, I am coming out ahead. Who makes money on a timeshare these days?!? Now, I can give my money directly to Disney with my purchase of VGF!

 

[rusafee1183]

I did think it was odd that they would ROFR a partially stripped contract, but I guess VWL must be in high demand. I'm sure DVC has extra points they can move around - after all it's only one year's points they have to worry about making up.




I was going to list at $78 hoping to get $74, but then decided to just go ahead and list at $74. It sold a day later at $70. In any event, I'm not too upset. I bought these points less than 2 years ago for $55 and it came fully loaded with 150 banked points which I sold so it brought the net cost down to $45 a point. Even with the broker's fee, I am coming out ahead. Who makes money on a timeshare these days?!? Now, I can give my money directly to Disney with my purchase of VGF!

You're right. VWL is in HUGE demand right now. I was on the waitlist direct before I found the right resale contract, and my guide said that there were 50 people in front of me. This next week and a half can't go fast enough. I really think they'll probably take mine. It's a pretty loaded contract, with all 125 points coming in Dec going forward.

Anyway, congrats about your VGF contract! That's so exciting!

 

[G'sMaman]

You're right. VWL is in HUGE demand right now. I was on the waitlist direct before I found the right resale contract, and my guide said that there were 50 people in front of me. This next week and a half can't go fast enough. I really think they'll probably take mine. It's a pretty loaded contract, with all 125 points coming in Dec going forward.

Anyway, congrats about your VGF contract! That's so exciting!

Thanks! Wow! 50 people ahead of you on the direct list. I guess the secret is out. VWL is such a lovely resort. We just wanted to change it up a bit. We own at VGC, stay at the Sequoia Lodge at Disneyland Paris, and visit the national parks regularly so giving up VWL made sense.

Good luck on RORF, but I really think you have a decent shot at passing.

 

[rusafee1183]

Thanks! Wow! 50 people ahead of you on the direct list. I guess the secret is out. VWL is such a lovely resort. We just wanted to change it up a bit. We own at VGC, stay at the Sequoia Lodge at Disneyland Paris, and visit the national parks regularly so giving up VWL made sense.

Good luck on RORF, but I really think you have a decent shot at passing.

LOL. Yes, I guess that does make sense - it's a little overkill at that point for you!

Thank you so much, the reassurance is really nice I want to think so because of the higher offer, but... IDK. We'll see.

 

[Pirate Granny]

Wow, I had a few unexpected bills come in and I was not going to fret if my VWL got taken...it was 150 dec UY, 50 points for 2012 and all 2013. We negotiated from$85 to $80... Well we made it through and are waiting for the points to show up. I knew they were taking VWL and figured to start the process as it could take a while...

 

[rusafee1183]

Wow, I had a few unexpected bills come in and I was not going to fret if my VWL got taken...it was 150 dec UY, 50 points for 2012 and all 2013. We negotiated from$85 to $80... Well we made it through and are waiting for the points to show up. I knew they were taking VWL and figured to start the process as it could take a while...

It's tough out there! I'm glad you got it in and approved before the madness! Your $80pp price range is a lot closer to my $79pp offer than the one that just got ROFR'd, and I am getting 0 points from 2012. Maybe they will actually let me pass by

 

[Nabas]

Waiting on the following:

Nabas---170 BCV (June), $75.88, '13 & all points forward, buyer pays closing,seller pays mf (sub 5/7)

 

[Denise M]

Waiting on ROFR, 160 BLT, $95 pp, June UY, 125 points 2013, 160 points 2014, buyer pays closing and MF, can't close until September. Submitted 4/30.

 

[annmarieda]

Congrats, Is it loaded? OKW should be around this price point, look at ROFR data, Disney waived many around this price. happy to see less ROFR activity, more contracts passing now, guess cloud of ROFR clearing up.

Thanks! It isn't what I consider loaded. all 2013 points will come in December though.

Extended?

Nope

Offer accepted on OKW 240 points, 121 banked 12 points and all 2013 points
$62pp buyer paying closing, split 2013 MFs.....submitted for ROFR 05/21.....now we cross our fingers and wait!

Good luck! This is very close to what we just passed on.

I am currently in the ROFR waiting period. Does Disney usually take close to the full 30 days or is it ever fast? Excited and impatient.

We passed on day 29

 

[fancylatane]

We are on day 14 of the wait ...200 pts at SSR uy Oct. No banked points but the full 200 coming in Oct. We are offering 65ppt. Does anyone think that now that the the villas at the grand floridian are on the market if it will impact the rofr rate...and if it does, will it be a positive or negative impact?