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

[balletgirl2]

Congratulations on getting through ROFR. Query: because you were on the waiting list with Disney do you need to tell them you are no longer interested in buying direct and to remove you from their list? Didn't they reserve your space on the waiting list with a credit card so that they would automatically bill your card if the correct points order happens to come through?

Not sure how it works.

Yes you are correct. I waited to take my name off the list until this resale passed because I didn't want to lose my spot in line. I was sweating this past month because had the points come through with Disney I would of had to reject them not knowing if I had the resale contract for sure. I didn't want both contracts. With bad timing and an ROFR I could of ended up with nothing at all, so it was a bit of a gamble for me. I actually never ever intended buying a resale, but I have already waited 5 months for Disney. My guide "guaranteed" me buying direct would only take 6-8 weeks and I have run out of patience with their direct wait list.

 

[ryanl81]

SSR FEB UY. 300 points. No 2013 points 300 for 2014 $55 per point. seller pays closing and 2013 maintenance.

Wish me luck

Just found out that we passed ROFR!! really pleased!! Now for closing ;-)

 

[Timeflys4us]

Yes you are correct. I waited to take my name off the list until this resale passed because I didn't want to lose my spot in line. I was sweating this past month because had the points come through with Disney I would of had to reject them not knowing if I had the resale contract for sure. I didn't want both contracts. With bad timing and an ROFR I could of ended up with nothing at all, so it was a bit of a gamble for me. I actually never ever intended buying a resale, but I have already waited 5 months for Disney. My guide "guaranteed" me buying direct would only take 6-8 weeks and I have run out of patience with their direct wait list.

I am on the waiting list for BCV (Oct. Use Year) for over 3 months - I hope it doesn't go as long as your experience of 5 months.

 

[gncntry]

I am on the waiting list for BCV (Oct. Use Year) for over 3 months - I hope it doesn't go as long as your experience of 5 months.

I've been on the waitlist for BCV (March UY) since March as well. I just found 2 small BCV contracts from the TSS yesterday so I'm under contract with them. If Disney doesn't take them then I'm going to remove myself from the waitlist.

 

[agie65]

I am on the waiting list for BCV (Oct. Use Year) for over 3 months - I hope it doesn't go as long as your experience of 5 months.

I guess I could suggest to everyone who is trying direct and resale to remove themselves from direct list,. Ultimately is going to help everyone since Disney will have less people in the wait list and less chances for ROFR. Otherwise you are asking Disney to exercise ROFR and resell back to you for higher price. Just my 2 cents.

 

[Missyrose]

I guess I could suggest to everyone who is trying direct and resale to remove themselves from direct list,. Ultimately is going to help everyone since Disney will have less people in the wait list and less chances for ROFR. Otherwise you are asking Disney to exercise ROFR and resell back to you for higher price. Just my 2 cents.

But then all those people are out of luck if they can't find a resale contract that fits their needs AND they've walked away from buying at whatever price they had locked in when they went on the waiting list.

 

[kedkin]

Congrats to all of you who passed ROFR! I've been following this thread religiously as we are getting ready to purchase our first DVC through resale, and this has been SO HELPFUL!

I had a question and wondered if some of you experienced resale-buyers could help me out? We're looking to buy at AKL, and I've been following the TSS and fidelity websites for the past week or so, and it seems that the list prices are way higher than what people are paying here on the boards. I know it's a case-by-case basis, but is it normal for people to come down off their prices by $10 - $15 pp? Will the broker laugh at me if I want to submit an offer that much lower?

I also know it's a crazy market, so maybe I should wait a couple of months until things calm down? We're not in any real hurry (except just the excitement of being DVC members).

I put in for an AKL contract and offered $7 off asking and the counter they only came down a $1. Luckily I was looking for a Dec UY so I had multiple contracts to choose from so I offered the same price on another contract and it was accepted. If your in no hurry, I suggest putting in an offer at what you feel comfortable with and wait till someone bites.

Who knows what will happen if you wait, resale prices could go up.

 

[Minniesgal]

I guess I could suggest to everyone who is trying direct and resale to remove themselves from direct list,. Ultimately is going to help everyone since Disney will have less people in the wait list and less chances for ROFR. Otherwise you are asking Disney to exercise ROFR and resell back to you for higher price. Just my 2 cents.

Then you lose your place on the waitlist, locked in price and also might get ROFRed.

We went to ROFR with 115 VGC points while on the direct waitlist becasue I got fed up waiting and my UY came up resale. It all went fine and my resale points are now in my account. I waited until the sale closed before coming off the direct waitlist.

 

[agie65]

But then all those people are out of luck if they can't find a resale contract that fits their needs AND they've walked away from buying at whatever price they had locked in when they went on the waiting list.

If you have found a contract in resale market and still keeping yourself in direct list, I would think you are increasing your chances of ROFRed.

 

[Minniesgal]

If you have found a contract in resale market and still keeping yourself in direct list, I would think you are increasing your chances of ROFRed.

i don't think that holds true, there have been example of people passing ROFr while on the waitlist.

I don't think filling waitlists is a high priority for disney and i expect they have a minimum rate of return on investment they will accept. if you reslae contract is at a price high enough that they won't make that i am convinced being on the direct wait list is irrelevant.

And that has certainly been my experience.

 

[Missyrose]

If you have found a contract in resale market and still keeping yourself in direct list, I would think you are increasing your chances of ROFRed.

I think that correlation does not always prove causation. In this case, no one has any real idea why Disney ROFRs one contract over another. If I were on a wait list, I wouldn't cancel until my resale contract closed because if you cancel before ROFR and the contract gets ROFRed or if you cancel before closing and then the sellers back out, you're stuck without any real options (other than another resale contract). If people are comfortable paying the locked-in price for a contract, then they should stay on that list until they have their points. Otherwise, they're going to have to pay 30 percent more for those same direct points if they choose to buy directly later on.

 

[Nabas]

Waiting on the following:

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

Found out this morning (6/5) we were ROFR'ed.

We already own at BWW so that get's us in the Epcot resort area. Do we buy direct at VGF before the prices skyrocket to get us in the MK area?

 

[nalajms]

Found out this morning (6/5) we were ROFR'ed.

We already own at BWW so that get's us in the Epcot resort area. Do we buy direct at VGF before the prices skyrocket to get us in the MK area?

Sorry to hear that.

We bought VGF to get into the MK area. But still plan to buy a BLT resale if we can get a good price.

However, you were buying BCV.... if you bought there for the 11mon booking, I'd keep trying. Good luck!

 

[lchute1158]

Just found out my vb was rofr today...

 

[lorie13]

Sorry to hear that.

We bought VGF to get into the MK area. But still plan to buy a BLT resale if we can get a good price.

Exactly what we are thinking of doing, buying a VGF while the prices are probably as low as they will go and waiting for a BLT that is a good price with our UY. Still have two weeks before we have to commit.

 

[kedkin]

Just found out my vb was rofr today...

Sorry to hear that, what was the pp offered?

 

[iluvthsgam]

Will the broker laugh at me if I want to submit an offer that much lower?

Who cares if the broker laughs? If they want to close the sale they should present the offer. You never know. Brokers are just middlemen who want to close as many deals as possible because they only make money on commission.

Don't ever let what a broker says or may think deter you from making an offer and only offer what you feel comfortable doing and what you think is fair for you. And if the broker is going to be loyal to anyone it would be the seller anyway.

 

[lchute1158]

Sorry to hear that, what was the pp offered?

it was $38 pp, 150 2011 points forward, buyer to pay clsoing, seller to pay mf.

so - totally loaded and a great deal..so not too surprised.

 

[kenspidey]

it was $38 pp, 150 2011 points forward, buyer to pay clsoing, seller to pay mf.

so - totally loaded and a great deal..so not too surprised.

Knew that deal was going to be too good to be true....sorry. I passed on the same price per point but no where near as loaded. I was shocked that your seller agreed to pay MF. That's probably what sunk it. Good luck next time.

 

[lovin'fl]

Updated the list on page 162.