How many contract have you lost to ROFR

[DougEMG]

Was just curious to see how many contracts people have lost to ROFR as I'm wondering if I've set a record or something losing 3 OKW contracts to ROFR in the last month.

I also officially given up on trying to buy any more OKW contracts resale.

I'm really really giving up on OKW this time. Just lost my 4th contract at OKW to ROFR.

 

[AllieV]

They must have buyers and Disney can break the contracts into smaller ones.

Bill

I'm glad you mentioned that. I've been meaning to ask. When disney buys back points, do they start over in one big pool? Or do those original contracts always stay glued together with their UY and set points? What I'm wondering is, if Disney can do it, why can't owners? Why can't an owner add in 25 points to an existing contract or sell off 100 from a 600 point contract?

 

[ELMC]

I'm really really giving up on OKW this time. Just lost my 4th contract at OKW to ROFR.

Sorry man. But don't give up...then you're letting them beat you.

 

[AllieV]

I'm really really giving up on OKW this time. Just lost my 4th contract at OKW to ROFR.

Just today? What were those details? I'm telling ya, you are blacklisted at OKW. They don't want to give you too much voting power there Try buying the next one in your dog's name.

 

[ELMC]

I'm glad you mentioned that. I've been meaning to ask. When disney buys back points, do they start over in one big pool? Or do those original contracts always stay glued together with their UY and set points? What I'm wondering is, if Disney can do it, why can't owners? Why can't an owner add in 25 points to an existing contract or sell off 100 from a 600 point contract?

The short and unofficial answer is that they can do it because it's their playground, their ball, and they can make the rules. The somewhat longer and somewhat more official answer is because when you buy a contract it is deeded as one contract with X number of points. It is considered to be one unit. When Disney buys back the points they own them again and they are not treated in the same manner. Thus, they have more flexibility as to how them handle them. I'm sure Dean can provide a more detailed explanation, but this is a basic answer to your question.

 

[disneynutz]

I'm glad you mentioned that. I've been meaning to ask. When disney buys back points, do they start over in one big pool? Or do those original contracts always stay glued together with their UY and set points? What I'm wondering is, if Disney can do it, why can't owners? Why can't an owner add in 25 points to an existing contract or sell off 100 from a 600 point contract?

Because Disney makes the rules and they don't like sharing. DVC is a business and they make the rules to benefit Disney, not the owners.

My guess is that ROFR has increased because DVD is projecting a shortage of sales inventory due to new construction being delayed.

They may also be trying to make a point to the higher ups that they need freer reign to push forward with future projects. IMO Disney is playing it cautious after the Lewis fiasco.

Bill

 

[AllieV]

From the ROFR board by Doug:

Just found out today that Disney exercised their ROFR on my OKW contract. That makes it 4 OKW contracts in a row I've lost.

Details were

OKW 230 DEC UY, $43/point + buyer pays closing + buyer pays half of 2012 MF.

Had 266 2011 points and all points going forward.

Dude, you should be ashamed of getting such a good deal. They're just making an example of you now.

 

[princessaloha]

From the ROFR board by Doug:

Dude, you should be ashamed of getting such a good deal. They're just making an example of you now.

ITA! I bet its become a highlight of their week when they see an OKW contract with Doug's name on it. I bet they send out an instant message to gather together in the conference room for the big reveal. Once there, they probably take bets on how low, how big, and if the seller has to pay for everything including the kitchen sink. Then they slowly open the contract and slowly read line by line. The winner squeals in delight while everyone else reminds him that drinks will be on him tonight after work. As they pile out of the conference room and back to their cubby holes, they're all hoping it won't be too long before Doug tries for another OKW contract cause this is fun!

Just kidding Doug. Don't give up. It's the highlight of our day too waiting to hear about your contracts. It's actually more exciting than waiting for news abut my own contract.

 

[DougEMG]

ITA! I bet its become a highlight of their week when they see an OKW contract with Doug's name on it. I bet they send out an instant message to gather together in the conference room for the big reveal. Once there, they probably take bets on how low, how big, and if the seller has to pay for everything including the kitchen sink. Then they slowly open the contract and slowly read line by line. The winner squeals in delight while everyone else reminds him that drinks will be on him tonight after work. As they pile out of the conference room and back to their cubby holes, they're all hoping it won't be too long before Doug tries for another OKW contract cause this is fun!

Just kidding Doug. Don't give up. It's the highlight of our day too waiting to hear about your contracts. It's actually more exciting than waiting for news abut my own contract.

I'm thinking I need to apply for a job at DVC so I can get some kind of comission on all these points I'm bring them

I was looking at the totals for those 4 OKW contracts and it came to 1,130 annual points, with 2,656 2011/2012 points on the contracts. All those beautiful points

 

[gatorgirl02]

Poor Doug...

 

[princesscinderella]

I'm thinking I need to apply for a job at DVC so I can get some kind of comission on all these points I'm bring them

I was looking at the totals for those 4 OKW contracts and it came to 1,130 annual points, with 2,656 2011/2012 points on the contracts. All those beautiful points

Or a job at fidelity... I'm sure Sharon gets excited when you call because you keep coming back for more.

 

[AllieV]

Sent you a pm about an email I got today from a small underknown broker w a good contract

 

[WDWsnooper]

OK, so I guess I'm on the flip side of this. I'm GLAD that low ball offers for OKW are not passing ROFR. I have 3 OKW contracts, originally in '91, add-ons in '03 and '09. I feel that the value of my contracts is being somewhat protected by Disney purchasing the contracts. I was thinking of selling one of my contracts because we purchased a small second home in FL and will not need as many points. When making an inquiry, I was told OKW was selling between $52-55 pp. While $43 is a great find, I think you are doing the work for Disney by seeking out great deals for them to grab up. Just sayin....
snoop

 

[DougEMG]

OK, so I guess I'm on the flip side of this. I'm GLAD that low ball offers for OKW are not passing ROFR. I have 3 OKW contracts, originally in '91, add-ons in '03 and '09. I feel that the value of my contracts is being somewhat protected by Disney purchasing the contracts. I was thinking of selling one of my contracts because we purchased a small second home in FL and will not need as many points. When making an inquiry, I was told OKW was selling between $52-55 pp. While $43 is a great find, I think you are doing the work for Disney by seeking out great deals for them to grab up. Just sayin....
snoop

I bought an OKW contract 2 years ago that worked out to a similar price per point when taking into account who paid what and how many banked points it came with. I don't think Disney intention is to ever protect the owners. They are probably just accumulating OKW points for their own purpose or because there are enough people wanting it direct. Everything else is just a side benefit for owners. In this case it will work out good for you take advantage of it while you can

 

[ELMC]

I bought an OKW contract 2 years ago that worked out to a similar price per point when taking into account who paid what and how many banked points it came with. I don't think Disney intention is to ever protect the owners. They are probably just accumulating OKW points for their own purpose or because there are enough people wanting it direct. Everything else is just a side benefit for owners. In this case it will work out good for you take advantage of it while you can

Agreed. I haven't seen any evidence that DVD cares in the least about resale values. Remember, the value in the contract is the use, not the sale. That's what the salespeople focus on and that's what they want you to focus on. Very few (if any) timeshare companies focus on the monetary value of a contract or potential exit strategies. In their eyes you are buying the timeshare for one reason and one reason only...to go on vacations.

Oh and Doug...sign me up to as I gave DVD a loaded 210 OKW contract for $41pp all inclusive. Not quite your four, but it still hurts all the same.

 

[bdoleary]

I'm really really giving up on OKW this time. Just lost my 4th contract at OKW to ROFR.

Doug - sorry for you loss of this one as well - glad you had better luck at with your other recent offers.

 

[WDWsnooper]

OK, so I guess I'm on the flip side of this. I'm GLAD that low ball offers for OKW are not passing ROFR. I have 3 OKW contracts, originally in '91, add-ons in '03 and '09. I feel that the value of my contracts is being somewhat protected by Disney purchasing the contracts. I was thinking of selling one of my contracts because we purchased a small second home in FL and will not need as many points. When making an inquiry, I was told OKW was selling between $52-55 pp. While $43 is a great find, I think you are doing the work for Disney by seeking out great deals for them to grab up. Just sayin....
snoop

Geeze Louise, as I re-read this, let me clarify. Disney doesn't give a flip about protecting our resale values--they just want to purchase any contracts that are selling for a low price--with only DVD's gain in mind.

I meant to point out that I feel that the result of Disney's purchase of low priced contracts helps me sell at a fair price. Potential resales buyers may pay a little more and sail thru ROFR. The contract that I'm selling is at ROFR now---we'll see if this blows a hole in my theory or not.

 

[malamida]

too funny

 

[AllieV]

Out of curiosity, Doug, where is it you want to stay for your month-long trip after retirement? You're buying up okw, ssr, and a couple of boardwalks. Do you already own where you want to be?