Is there any rhyme or reason to when they exercise ROFR?

[Dean]

There is no secret if there is money to be made by taking it back then they ROFR.

$$$ are only a secondary or tiertiary issue in ROFR, directing behavior is the main goal.

 

[Opie100]

I would assume demand for retail on a given property is also a factor.

 

[Dean]

I would assume demand for retail on a given property is also a factor.

I think far too many assume that $$$ are far more important in the issue than what they are. There certainly is a component of dollars and demand/availability of points translates into a dollar issue.

 

[Kelblum]

We had a ROFR a couple years ago when buying at Saratoga. Our agent said that if there are a lot of banked points usually Disney will ROFR them so they can basically get rid of the banked points before they sell them to someone else. We took his advice and placed a bid on points that did not have any banked points and it went through. Just another tid bit to think about when bidding on resales!!

Oh no!! I hope that's not true! I finally talked my DH into buying a DVC after wanting one for SOOOO long! We just signed contracts and it went off to ROFR for an OKW with '07, '08 and '09 points. It was a pretty good price too. Guess I will have to wait and see. Wish me luck!

 

[redrosesix]

Take a look at the thread called, has anyone made it thru ROFR lately. Nothing is getting ROFR'D anymore. I think you can get away with just about any price right now.

Actually, it was reading through that thread that prompted me to start this thread. So far this year, there were 6 AKV contracts that passed, 1 that was ROFR'd -- if this is representative of the rest of resale AKV contracts, that means greater than 10 % have been ROFR'd in 2009.

But I really wish you were right about this. I have to buy resale.

$$$ are only a secondary or tiertiary issue in ROFR, directing behavior is the main goal.

You must be correct about this, since the one AKV contract that was ROFR'd was at the same price that AKV is being sold at now with the double discounts.

 

[Opie100]

So far this year, there were 6 AKV contracts that passed, 1 that was ROFR'd -- if this is representative of the rest of resale AKV contracts, that means greater than 10 % have been ROFR'd in 2009...the one AKV contract that was ROFR'd was at the same price that AKV is being sold at now with the double discounts.

Isn't is possible that there could have been a longer/more current waiting list at the time the contract was being considered? Just wondering.

 

[redrosesix]

Isn't is possible that there could have been a longer/more current waiting list at the time the contract was being considered? Just wondering.

Since the seller didn't even know why the contract was ROFR'd, anything is possible. But since they were selling AKV at the time, it is all very confusing.

 

[Mickey'n'Me]

Oh no!! I hope that's not true! I finally talked my DH into buying a DVC after wanting one for SOOOO long! We just signed contracts and it went off to ROFR for an OKW with '07, '08 and '09 points. It was a pretty good price too. Guess I will have to wait and see. Wish me luck!

We bought ours 2 years ago and things have definately changed since then, economy wise!!! Good luck to you!! Pixie dust to you and your new DVC membership!!

 

[Buckeye Fan]

We had a ROFR a couple years ago when buying at Saratoga. Our agent said that if there are a lot of banked points usually Disney will ROFR them so they can basically get rid of the banked points before they sell them to someone else. We took his advice and placed a bid on points that did not have any banked points and it went through. Just another tid bit to think about when bidding on resales!!

I'm not saying this isn't true, but it could have been a ploy, too. If you didn't get banked points, it would be more attractive to buy through Dis since they usually offer last UYs points (depending on the UY you pick) plus incentives.

To those looking, we purchased a 120 point contract a few years ago when SSR was getting closer to selling out. It had 120 banked points, 120 current year's points, and all 120 coming. We closed in March that year, and had to use 120 points or they were going to expire. Our other SSR contract had 217 banked points (270 point contract), and our VB had 150 banked points (150 point contract). On the VB contract, we offered well below the ROFR floor, and I thought it would be refused for sure. It passed, though.

At the end of the day, we have no way of knowing where Disney is going to set the ROFR floor, and what they need at this time. Sometimes they pass something well below what you think would pass, and buy back something that should go through for sure (based on the ROFR thread). It seems there's a little more danger with the smaller contracts, but again, they pass all of the time.

My advice...if you're in no hurry, make an offer, and see what happens. Contracts pop up on the market all of the time, and you can always find a good contract. We got a wonderful deal at VB for just taking a chance. At the time, we got a good deal on our SSR points as well. I have never paid closing costs either. Just remember, in resale, all things are negotiable. It just increases your risk of getting refused, as it all factors in to your price per point.

Best of luck!