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

[gortman65]

We discussed this a little over a year ago when I and another poster both had our VGC contracts ROFR'd while we were both on the direct wait list.

In my case, I had it done twice, and each time, the day I got the ROFR news, my guide called later that day to tell me my points w/b coming in another week or two.

The other poster had hers ROFR'd at a higher price than another VGC contract that passed the same week and I believe it was also the same UY. And, her guide called her right afterward s well.

So the discussion was whether Disney bothers to run the names on the resale contracts vs those on the wait lists because it's an easy sale for them.

Who knows if it really happens, though. Like most things DVC or Disney, it's a mystery to us outsiders.

Wow, that's interesting. We just had our bid for a small VGC contract accepted this week and I was contemplating going on the waitlist as well. Think we will hold off until the resale purchase is complete.

Thanks for the info!

 

[bakenatj]

This may be speculation on my part but I am fairly certain from the evidence.

This is the third BLT contract I have seen ROFR'd, all 3 have been December UY. There is another thread(no idea where i read it) but it indicates that 3 different people that are/were on the waiting list for BLT Dec UY.

Beware the BLT December UY.

I think you are right. There are a ton of February contracts on the market but very few December. I have seen February contracts pass that were low $ per point than the contract I had.

I might wait till VGF starts selling before I try again. I want one in my UY which happens to be in December.

 

[Sur]

There was a thread started a week or so back, by an individual who had put in for direct purchase of a specific UY for BLT. He was told by his guide that he'd be on the waitlist. Our BLT contract

went to ROFR. This interested buyer then stated two BLT contracts "became available" and he bought one. Later he noted the two UY's offered, and the points total and UY he was offered was our

contract. Fortunately, he did not choose it. But I was sweatin' it when I saw his post!

It did make me think, though, that I wouldn't be putting a "waiting on ROFR decision" on the boards. What if someone were looking for exactly what I found in resale and was willing to go through Disney direct? All they'd have to do is call a guide and POOF gone!! (I think)

 

[Breyean]

There was a thread started a week or so back, by an individual who had put in for direct purchase of a specific UY for BLT. He was told by his guide that he'd be on the waitlist. Our BLT contract

went to ROFR. This interested buyer then stated two BLT contracts "became available" and he bought one. Later he noted the two UY's offered, and the points total and UY he was offered was our

contract. Fortunately, he did not choose it. But I was sweatin' it when I saw his post!

It did make me think, though, that I wouldn't be putting a "waiting on ROFR decision" on the boards. What if someone were looking for exactly what I found in resale and was willing to go through Disney direct? All they'd have to do is call a guide and POOF gone!! (I think)

Once Disney takes back points, via ROFR, foreclosure, bankruptcy, etc., they can carve up the contracts into any points combinations they need. They can't change UY, but they can and do use a 300 point contract, e.g., to fill 3 100 point wait list requests.

So the number of points on a resale doesn't necessarily translate exactly into what winds up coming out from Disney if they buy it back.

 

[Breyean]

Wow, that's interesting. We just had our bid for a small VGC contract accepted this week and I was contemplating going on the waitlist as well. Think we will hold off until the resale purchase is complete.

Thanks for the info!

Again, who knows?

But my guide called me just about as we were deciding to do another add on, and I told him I'd get back to him. We didn't want to be on the wait list again while trying for a resale.

I think he called because it was about a year since our last add on and he probably had it in a file to call to see if we decided we needed more points after having a year to test out the VGC contracts we bought last year.

He was right, but I'm waiting until after we get ROFR'd again before I try the direct route. We really only need about 50 points, so direct might be the only way to go, but we found a 125 point contract in our UY for $90 so we pounced.

One more week, probably. We should know next week.

 

[Sur]

I see where you have to be careful when buying direct and looking at resale. I also didn't know they could carve 'em up. Learn something new all the time. Thanks! Good luck next week.

 

[gortman65]

Again, who knows?

But my guide called me just about as we were deciding to do another add on, and I told him I'd get back to him. We didn't want to be on the wait list again while trying for a resale.

I think he called because it was about a year since our last add on and he probably had it in a file to call to see if we decided we needed more points after having a year to test out the VGC contracts we bought last year.

He was right, but I'm waiting until after we get ROFR'd again before I try the direct route. We really only need about 50 points, so direct might be the only way to go, but we found a 125 point contract in our UY for $90 so we pounced.

One more week, probably. We should know next week.

Good luck. Here's hoping you get good news!

 

[ELMC]

We discussed this a little over a year ago when I and another poster both had our VGC contracts ROFR'd while we were both on the direct wait list.

In my case, I had it done twice, and each time, the day I got the ROFR news, my guide called later that day to tell me my points w/b coming in another week or two.

The other poster had hers ROFR'd at a higher price than another VGC contract that passed the same week and I believe it was also the same UY. And, her guide called her right afterward s well.

So the discussion was whether Disney bothers to run the names on the resale contracts vs those on the wait lists because it's an easy sale for them.

Who knows if it really happens, though. Like most things DVC or Disney, it's a mystery to us outsiders.

That would be a real kick in the pants, to get your resale contract ROFR'ed and then sold back to you at full price.

 

[Breyean]

That would be a real kick in the pants, to get your resale contract ROFR'ed and then sold back to you at full price.

I really, really feel that exact thing happened to me, based on the smug tone of my guide that night I was ROFR'd the first time. The second time he was little more reserved, but the timing was certainly suspect.

Now, if I get ROFR'd again next week and get ANOTHER call from my guide that same night...

 

[nunzia]

Congrats! Did you pull off the wait list? If not they may ROFR it and sell it to you direct. But then you will be off wait list and it could still get ROFRd (for someone else on wait list) and you'd have lost your place on the wait list.

Oh heck no..I'm not off the waitlist..I've been told I'm next in line..so..if it gets ROFR'd I may still get those points..and if by some weird fluke the waitlist comes through during the process..well..I don't know what I'd do..Cancel the reasale sale since direct is a sure thing? I'd hate to do that too since I feel obligated to going through with a deal I signed on to..ack..here's hoping my guide DOESN'T call this time.

 

[nunzia]

I really, really feel that exact thing happened to me, based on the smug tone of my guide that night I was ROFR'd the first time. The second time he was little more reserved, but the timing was certainly suspect.

Now, if I get ROFR'd again next week and get ANOTHER call from my guide that same night...

That would be fine with me though, also. As long as I get my VGC points I don't really care what route it takes

 

[Joey7295]

If you cancel more than 10 days after you sign contracts, I believe you lose your deposit

 

[Joey7295]

Here I am, amazingly, joining this group. After waiting since last April for direct VGC points, I happened across a resale contract that fit and jumped on it. So..off it goes to ROFR (hope my guide doesn't call NOW...what a dilemma). So details are 125 VGC, March use year, $108 a pt, 12 pts coming from 2013, 125 2014, I pay closing. Fingers crossed..more points than originally intended but I'm sure if it works out, I can use them

I am pretty sure you will pass

 

[Joey7295]

Oh heck no..I'm not off the waitlist..I've been told I'm next in line..so..if it gets ROFR'd I may still get those points..and if by some weird fluke the waitlist comes through during the process..well..I don't know what I'd do..Cancel the reasale sale since direct is a sure thing? I'd hate to do that too since I feel obligated to going through with a deal I signed on to..ack..here's hoping my guide DOESN'T call this time.

If you cancel more than 10 days after you sign contracts, I believe you lose your deposit

 

[MapleGirl]

Wow! I found a seller interested in what I'm offering. My agent is putting the contracts together then we'll go through ROFR. It is a SSR contract, 150 points for $50/pt, buyer pays MF's, buyer and seller split closing costs. I hope it goes through!

 

[DannysMom]

Wow! I found a seller interested in what I'm offering. My agent is putting the contracts together then we'll go through ROFR. It is a SSR contract, 150 points for $50/pt, buyer pays MF's, buyer and seller split closing costs. I hope it goes through!

Good luck! Congrats on finding a willing seller.

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!

 

[DisneyFansInLINY]

Wow! I found a seller interested in what I'm offering. My agent is putting the contracts together then we'll go through ROFR. It is a SSR contract, 150 points for $50/pt, buyer pays MF's, buyer and seller split closing costs. I hope it goes through!

Oh wow that is a great deal. I was putting in offers for $50 per point for SSR 150 points but either never heard back and cancelled my offer or was rejected with no counteroffer given. What broker are you using and does it come with points or is it stripped?

Good luck with ROFR

 

[nunzia]

I am pretty sure you will pass

I hope it does..but why do you say that?
And..I would most likely not cancel if my waitlist came through even though I'd have a boatload of points.

 

[puffkin]

Oh wow that is a great deal. I was putting in offers for $50 per point for SSR 150 points but either never heard back and cancelled my offer or was rejected with no counteroffer given. What broker are you using and does it come with points or is it stripped?

Good luck with ROFR

I don't know if this will help you or not, but we have a contract in ROFR now for SSR at $48/point. I believe the sellers have another contract listed for SSR (170 points) as when I was boing nosy and looking up their deeds I decided to see if they were selling all their DVC or just this one and two other contracts seemed to match them.

 

[DisneyFansInLINY]

I don't know if this will help you or not, but we have a contract in ROFR now for SSR at $48/point. I believe the sellers have another contract listed for SSR (170 points) as when I was boing nosy and looking up their deeds I decided to see if they were selling all their DVC or just this one and two other contracts seemed to match them.

Thank you. I have an offer on a contract right now but if the seller rejects it, I would love details on your findings