Experiences with ROFR at OKW Resort

Jason_79

Mouseketeer
Joined
Jun 3, 2019
Good Morning everyone,

I am hoping for some feedback regarding anyone's experiences with ROFR at OKW.

I looked thought the existing thread and it shows contracts that passed ROFR. However, I am hoping for some feedback/experiences that anyone has with their offers being taken back on ROFR and the offer per point that it was taken.

We recently had an offer accepted at OKW on a 135 Point Add-On, offer accepted at $90 per point.

2019 - 0 Points / 2020 - 0 Points / 2021 - 117 Points

It was a contract that had been reduced twice (because of stripped down points I assume), and since I wasn't necessarily expecting the offer to be accepted right away, I am wondering if the seller just really needed to sell regardless.

In addition to any experiences anyone has with similar OKW contract offers, what are your thoughts on our chances of this passing ROFR. I personally think it is a low point amount that will most certainly be taken back by Disney.

Thanks in advance everyone,
 

MinnieInVA

Actually MinnieInCA now, but whatever...
Joined
Jan 10, 2012
@Jason_79 if you look at the current (and past) ROFR threads, and scroll down beyond the list of contracts that passed ROFR, you'll see additional sections for "Waiting" and "Taken". That'll be your best source of data for your question on historical ROFR take backs.

My thought on this passing ROFR? Well, it looks like Disney tends to take a lot of contracts below around $96 per point, so I'd say your chances are pretty high of not passing ROFR. I'd keep searching for the next best contract for you, just in case.
 

Jason_79

Mouseketeer
Joined
Jun 3, 2019
@Jason_79 if you look at the current (and past) ROFR threads, and scroll down beyond the list of contracts that passed ROFR, you'll see additional sections for "Waiting" and "Taken". That'll be your best source of data for your question on historical ROFR take backs.

My thought on this passing ROFR? Well, it looks like Disney tends to take a lot of contracts below around $96 per point, so I'd say your chances are pretty high of not passing ROFR. I'd keep searching for the next best contract for you, just in case.
Oh wow, I feel like an idiot, as I only looked at the first section of each, instead of scrolling all the way down! haha

That being said, I fully expect this contract at OKW to be taken back by Disney.

Ah well, there's lots out there, another one will pop up one day!

Thanks again!
 

Cupcake232

Mouseketeer
Joined
Feb 1, 2020
@Jason_79 if you look at the current (and past) ROFR threads, and scroll down beyond the list of contracts that passed ROFR, you'll see additional sections for "Waiting" and "Taken". That'll be your best source of data for your question on historical ROFR take backs.

My thought on this passing ROFR? Well, it looks like Disney tends to take a lot of contracts below around $96 per point, so I'd say your chances are pretty high of not passing ROFR. I'd keep searching for the next best contract for you, just in case.
I can’t see the thread for waiting or taken. How do I find this? I did a search and nothing popped up.
 

jimbostacks

Mouseketeer
Joined
Feb 19, 2007
I have not filled out the form on this site. But in the last three months had two properties taken October use year. At $93 and $91. I have one out for ROFR. At $90 that I should hear back early this week. I expect it to be taken but the price was worth the effort. Good luck!
 

jwinky

Mouseketeer
Joined
Apr 2, 2006
Some tactics that buyers do is to pay the higher asking price, but ask the seller to cover the closing cost or MF. Your out of pocket might be the same (depending on contract) and you get a contract submitted at a higher price point.
 

E2ME2

ET
Joined
Oct 17, 2011
Some tactics that buyers do is to pay the higher asking price, but ask the seller to cover the closing cost or MF. Your out of pocket might be the same (depending on contract) and you get a contract submitted at a higher price point.
I heard, through these boards, that ROFR scrutinizes that approach ??
 

jwinky

Mouseketeer
Joined
Apr 2, 2006
I heard, through these boards, that ROFR scrutinizes that approach ??
If they are looking at total, then you are right, that tactic won't work out for ROFR process. Maybe it's a tactic for the buyer to get that indirect lower price per point that the seller might not understand.
 

Jason_79

Mouseketeer
Joined
Jun 3, 2019
#3 taken today. Will keep trying and maybe try a different strategy. $93, $91, $90
Wow! That's crazy and kinda sucks.

If you don't mind me asking, what are the details of the contracts you put offers on that were taken by Disney?

Ours went to ROFR today, and we have no doubt that it will be bought back from Disney. I've read on the Disboards FB group that alot of OKW contracts are being bought back. Basically anything 2042 expiry.
 

Cupcake232

Mouseketeer
Joined
Feb 1, 2020
Wow! That's crazy and kinda sucks.

If you don't mind me asking, what are the details of the contracts you put offers on that were taken by Disney?

Ours went to ROFR today, and we have no doubt that it will be bought back from Disney. I've read on the Disboards FB group that alot of OKW contracts are being bought back. Basically anything 2042 expiry.
I was also wondering when you sent it, etc.
 

Jason_79

Mouseketeer
Joined
Jun 3, 2019
Just wanted to update this small thread with confirmation that Disney exercised their ROFR and took this OKW contract.

I didn't think we would get it. $90/per point is really low. Ah well.
 

jimbostacks

Mouseketeer
Joined
Feb 19, 2007
I am still waiting- over 2 week. Looks like ROFR is taking a little over 3 weeks these days . Paid $104 October use year still. For a loaded contract. If that gets taken. Likely ..out for while
 

Jason_79

Mouseketeer
Joined
Jun 3, 2019
I am still waiting- over 2 week. Looks like ROFR is taking a little over 3 weeks these days . Paid $104 October use year still. For a loaded contract. If that gets taken. Likely ..out for while
Price per point? if you want to tell me.
 

jimbostacks

Mouseketeer
Joined
Feb 19, 2007
Good news bad news. Stock market is way down. But ROFR passed. $104. 210 points Oct use year. With 2018 and 2019 points. I know, I know first world problem!
 

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