PASSED ROFR IN 8 DAYS

pinnocchiosdad

DIS Veteran
Joined
Feb 9, 2008
I just passed rofr in 8 days. I know this is fast. This brings me to try to think Disney's thought process. Are they maybe putting all purchases on hold? Did they tighten up on what contracts they are buying back? Do they expect resale prices to drop and they are waiting to pounce on them? By the way it was a 160 pt loaded BLT contract for $136.
 

MonkeyKnifeFight

Mouseketeer
Joined
Jul 9, 2019
They were passing really fast in December and early January. I think the speed is more to do with demand. It seems like buying/selling has slowed down a lot the past month so the ROFR will go through fast. That is a good price with banked points. I saw a lot of BLT go for around that price in January, but they were always stripped. Its hard to say what Disney will do. I think they won't ROFR what would normally be good deals. But they still might do it if there is a really low ball offer. At least for now. I am having a hard time wrapping my head around the sustained impact of this crisis. Especially with how much money the government has pumped into the economy. The enhanced unemployment benefits through July 31st are going to help a lot of people who aren't small business owners.
 
  • bookwormde

    <font color=darkorchid>Heading out now, another ad
    Joined
    Mar 16, 2008
    yes ROFR sped up significantly during the great recession, though it was still inconsistent
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    Wow! That is awesome. Hopefully I will Be buying BLT in a few months...providing my current contract sells!
     

    Great3

    Mouseketeer
    Joined
    Jan 20, 2015
    Congrats, glad to hear the ROFR is speeding up. As long as you are happy with the deal you got, it doesn't matter what DVC does in the future. I think it has more to do with not spending money unnecessary while they are losing money today (paying employees), and not earning anything while shutdown.

    Great3
     

    Lorana

    Mouseketeer
    Joined
    Jan 30, 2001
    I got three estoppels for closing within 48 hours of ROFR.
    Awesome! That's what I've experienced in the past, but this time around I passed ROFR 9 days ago, and still no closing docs. (This is my first time using Magic Vacation Title instead of Mason, so not certain if that's a factor).
     

    RoseGold

    Mouseketeer
    Joined
    Jan 21, 2020
    I passed this fast in late 2019, when everything was fine, and it was a low bid that I thought might not make it.
     

    DVC Doctor

    Member since 2001
    DVC Gold
    Joined
    Mar 19, 2014
    Disney will NOT exercise ROFR now, unless it is ridiculous low like $80 for BLT
     

    4ParkFamily

    Mouseketeer
    Joined
    Apr 28, 2012
    We just put in an offer for BRV last week and have not heard back yet. Our agency did not tell us that they were not doing ROFR at this time so I am curios whether any one has heard they are still accepting ROFR at this time or if they have closed due to the Covid 19 or if they are still accepting offers at this time. Does anyone know if it as business as usual?
     

    Deploraboo

    Mouseketeer
    Joined
    Jan 2, 2019
    They just dumped Onward onto Disney plus after a measly two weeks out for sale. They just mandated massive paycuts for executives, furloughs etc. ESPN is showing coll b-ball games from like 1978. Do you really think they’re gonna exercise ROFRs here? Really?
     

    poofyo101

    Mouseketeer
    Joined
    Aug 13, 2019
    We just put in an offer for BRV last week and have not heard back yet. Our agency did not tell us that they were not doing ROFR at this time so I am curios whether any one has heard they are still accepting ROFR at this time or if they have closed due to the Covid 19 or if they are still accepting offers at this time. Does anyone know if it as business as usual?
    They are still operating as usual. The DVC teams are all working, most working from home. I confirmed with them that the ROFR team is working currently remotely.
     

    4ParkFamily

    Mouseketeer
    Joined
    Apr 28, 2012
    Thanks poofy101, we have been debating buying for 3 years now and though times are tough it is a good time to buy. My only concern now is when we eventually close our travel dates are in March 2021 and when the parks open we will not have many or any options to book because everyone is ready to get back! Fingers crossed we can get in. Thanks for the update.
     

    DVC Fanatic

    Mouseketeer
    Joined
    Jun 30, 2018
    I had a contract submitted to ROFR on Feb 29th, a couple of weeks before everything shut down. The whole process moved very fast, deed was recorded on April 3rd. Hope to see contract in my dashboard this week or next.
     

    striker1064

    DIS Veteran
    Joined
    Jan 17, 2018
    They just dumped Onward onto Disney plus after a measly two weeks out for sale.
    For what it's worth, that was announced at the time it was initially put up for rental 2 weeks ago (it was never on sale, only rental). Seemed odd to me they'd announce a free (or at least much less expensive) way to watch it if you could just be patient, but that's what they did.
     

    ChipNdale8887

    Mouseketeer
    Joined
    Feb 24, 2020
    They are still operating as usual. The DVC teams are all working, most working from home. I confirmed with them that the ROFR team is working currently remotely.
    Sales agents aren't working. Or at least the office where my agent is located is shut down.
     

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