Disney ROFR

[kingj]

I know this has been discussed before, but, here goes again. Does anyone know what the approximate dollar per point value is before Disney exercises its ROFR?

And, does it matter if there are existing points?

I have recently made an offer for 270 points at the Wilderness Lodge for $72/point with 213 points left from 2003. What are the chances that it will pass through Disney's ROFR?

Thanks,

John

 

[HookdonWDW]

If it's the one on Shontell's site (Oct UY), I think it will go through. My bil and sil just passed ROFR on a DEC UY w/ all '03 points intact at $70/point.

 

[Alic]

What site is that?

 

[bobbiwoz]

Alic, Shontell's site is

http://www.timesharesbyresale.com/

kinj, pixie dust, I think you'll be OK!

Bobbi

 

[Alic]

Thanks...was confused by Shontell!?

 

[JeffPort]

You should be fine. Disney doesn't appear to be taking any contracts selling in the $70's. Your broker should be able to give you a final answer in 2-3 weeks from the day that you signed the purchase agreement.

The wait sure can be aggravating ... Hang in there and you'll have your new vacation home in no time. I found that following the boards each day helped pacify me during that wait -- and also gave me a much better understanding of the DVC program.

Keep people posted once you get your results.

Good luck!

 

[sunan]

Our ROFR clock started ticking six days ago for 170 points at BWV, $70 a point, with 120 banked and 2004 intact. A little reassurance and pixie dust from folks in this forum have helped to relieve the anxiety somewhat, but the waiting game isn't much fun.

I'll post when I get word from Shontell and Maggie. Hope you'll do the same.

Good luck!

 

[jwmccullough]

Not quite a month ago we began our acquisition attempt and were able to land 150 pt Hilton Head contract for just $62/point. When I called Shontell, it was originally for another property at $62/point, but it had apparently just sold, and there had been a third property a few weeks before that had sold and cleared ROFR at $62/point, granted all were for Hilton Head however.

My take on it was that HH contracts seem to be very available and I really just wanted the points right now. I am not particularly partial to any one WDW resort (yet) and I have plans to use points points to go to DisneyLand and go on a Disney cruise in the coming years on points. So I wasn't dead set on having to have the contract that I saw, but I figured if I could get it at a good price, why not? It also helps out the seller, who was obviously wanting to sell, by getting the paperwork moving so they would get their money either from Disney or from me.

I also figure that, after Christmas, demand may be down for resales with people wanting to sell if they have gotten in over their heads, with Christmas bills starting to roll in, or income taxes becoming due.

No more had I sent in the deposit, than I started second guessing myself. I was sure that the deposit would be back in my hands in a couple weeks, and to my surprise, we were pleased to get word that everything was approved! Hope that gives some optimism to some of you out there!

 

[sunan]

Thanks for the optimism... we need all we can get!

And congrats on your own deal at HH.

 

[calypso*a*go-go]

Sad news for us...we just found out DVC exercised ROFR on the resale we were trying to buy. 150 pts. @ OKW with only 64 pts. available for the Feb. '04 use year. Priced @ $68/pt with the seller paying transfer fee, closing costs, and giving us a $10/pt credit for the used points as well as paying the '04 maint. fees on the used points. It would have been a good deal for us as we were not planning on going until 2005. This has been very discouraging for us .

 

[sunan]

Sounds like the seller's concessions were too good to be true... and too good for Disney to pass up. After the point credit and fees, the price was in the low 60's.

Sorry this one fell through, but the right deal will come along. There seem to be quite a few OKWs in the pipeline.

 

[twocjsmom]

220 points, dec use year at okw. all 200 points left from 2003. $69 per point cost, but we back 1/2 of last years maintenance fees and will reimburse for all of this years. With these concessions, it essentially put the per point price at about $701/2 per point. We worked with Jackie at atimeshare.com, and found out in the second week after the offer was made.

 

[spartacus]

DW and I sent in our offer by fax on 1/10and sent in our depsoit by mail that day. We passed ROFR within 10 days on a VERO Beach property for 80 points at $67 a point. This also included all 80 points of 2003. We only have to reimburse one month (Jan ) of this years dues. I chose to take the offer as it stands and not negotiate since it was fair.the need to be always on site isn't always paramount since all our children are grown.
the banking rpocess gives us 160 point every two years if we want. The good people at the timeshare store suggested that prices below $66 invite a disney participation. Good luck

 

[KellyDVC]

in my opinion.

Although we cannot know all of the ROFR, many of the one's I have seen exercised involved the seller paying maint and closing costs. When Disney doesn't have to come out of pocket, it makes it awfully easy for them to claim ROFR.

In May 2003 we bought an OKW contract @ $70, we paid closing and maint for current use year. Might not sound like a great deal, but the contract had all current use year points, all 2002 UY points, and all 2001 points banked into 2002. One year's maint on three uy' points... not too bad.

Just my $.02.

Thanks.

Brian.

We liked it and Disney did not exercise ROFR.

 

[calypso*a*go-go]

I guess what has me bugged is that I have seen several resales posted that have passed ROFR and had enough banked points that the value of them would more than make up for the concessions the buyer offered us.

Has anyone ever counter-offered and has it been successful? I would like to try but don't want to "red flag" us as I wouldn't want it to jeopardize any futures resales we might try to buy.

 

[Dean]

Originally posted by calypso*a*go-go
I guess what has me bugged is that I have seen several resales posted that have passed ROFR and had enough banked points that the value of them would more than make up for the concessions the buyer offered us.

Has anyone ever counter-offered and has it been successful? I would like to try but don't want to "red flag" us as I wouldn't want it to jeopardize any futures resales we might try to buy.

It was previously common for DVC to say "do you want to submit a higher bid". It can still be done it appears but the seller must act quickly with DVC.

 

[Poorman]

As Dean said ,it can be done. I did it and it worked I got it on the second try. If you want to do it you must tell your agent as soon as you find out and he/she must contact the seller and the seller must accept your second offer. I offered $2.00 more per point on a 500 point contract. Good luck.

 

[bluecdr]

We are awaiting ROFR decision on 200 VWL at $70 with 92 points banked from 2003 and all 2004 points available. Paperwork goes to Disney on Monday. Fingers crossed.

 

[Alic]

I have heard of OKW going as low as $65 / point. Does that sound crazy?

 

[calypso*a*go-go]

From our very recent experience, I would be very surprised to see a $65/pt. resale make it through. The only way it would have a chance would probably be if there are no 2004 points available and maybe even some of 2005 borrowed as well. But hey, I'm beginning to think there's no rhyme or reason to it at all. I guess anyone considering resale should just decide what their bottom-line is and go for it!