Ok then, Post #2 :)

[JMF]

So...it took me a minute, but ROFR = Right of First Refusal. Thank God I've had practice decoding military acronyms.

Anyway....

Is this ROFR the price that Disney will buy back a re-sale to avoid the "market" price from falling too low relative to the price of points on new sales directly from Disney?

Without really thinking about it, I guess that's pretty good for a seller since that pretty much ensures that your "investment" won't tank too much if you decide you need to sell. On the other hand, I can see easily how prospective buyers could have their "great deal" kyboshed pretty quickly.

J

 

[lllovell]

So...it took me a minute, but ROFR = Right of First Refusal. Thank God I've had practice decoding military acronyms.

Anyway....

Is this ROFR the price that Disney will buy back a re-sale to avoid the "market" price from falling too low relative to the price of points on new sales directly from Disney?

Without really thinking about it, I guess that's pretty good for a seller since that pretty much ensures that your "investment" won't tank too much if you decide you need to sell. On the other hand, I can see easily how prospective buyers could have their "great deal" kyboshed pretty quickly.

J

The way you describe it is correct. Disney has a ROFR (took me a while to get all these acronyms too lol) on all contracts. There is a whole thread here about what has passed and what hasn't lately with the thought being that its much better to submit a contract that is "likely" to pass. Disney will buy back a super deal and sell it to people on THEIR waiting list for the already sold our resorts (at something like $85 per point I believe - but someone else can confirm that...its probably going up a bit when SSR prices go up in June).

 

[cruise-o-matic]

I believe DVC is charging $89 for add ons to sold out resorts

 

[JimC]

I believe DVC is charging $89 for add ons to sold out resorts

You are correct. It may go up after SSR price increase rumored in June.

 

[lllovell]

Thank you - I wasn't sure what the going rate was!