ROFR - Is Disney Exercising Any

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Is Disney exercising their Right of First Refusal (ROFR) for any contracts at any price since July 1?

I've seen the non-park contracts at new lows (VB - $37, HH - $40) and the on-site contracts also very low (OKW - $50, BWV - $50, SSR - $55, VWL - $65).

Compared to a few years ago, it seems as though Disney has essentially given up supporting the resale prices.
 
Disney is not ROFRing very much, at least in the last 3-4 months, but you never know what's going on behind the scenes.

Are they not ROFRing because they don't have the money? Are they not ROFRing unless they have a market for a particular contract (i.e. someone on a waiting list for that resort/UY)? Are they not ROFRing because they had a ROFR budget for their fiscal year (which ends Sept 30) and they've used it all, but will resume ROFRing Oct 1?

Who knows?

The other thing to remember in any DVC resale transaction is that there are three parties -- not just the buyer and DVC. Most owners who sell DVC contracts list with multiple brokers to maximize their exposure...and both the buyer and seller have the right of recision. Buyers sometimes back out of deals, but so do owners who have "seller's remorse" or feel they are not getting a fair price for something they love and hate to sell.

Unless you are paying the asking price for a resale, you don't really have a locked-in deal until 10 days have passed since the owner signed the sales agreement. If you are buying an attractive contract, you'd better be sure the owner is satisfied with the price, because if another broker gets them a better price within 10 days, they could cancel on you.

If I were buying right now, I would disregard occasional anecdotal information about really low prices and focus on what most contracts similar to what I want are selling for. Prices are low anyway, and I'd rather pay a fair price and be assured of actually closing on that contract and using the points for many years.

Over the years, we've seen many, many contracts lost because a buyer tried to nickel and dime a seller, and either the seller backed out or Disney ROFR'd the contract. You've got to keep your eye on the prize -- which is vacations for your family, not winning "Let's Make a Deal."
 
Over the years, we've seen many, many contracts lost because a buyer tried to nickel and dime a seller, and either the seller backed out or Disney ROFR'd the contract. You've got to keep your eye on the prize -- which is vacations for your family, not winning "Let's Make a Deal."

Jim, I agree on most parts, I'm not a DVC'er yet, just waiting on the right contract. But timeshares are real estate and in the in game real estate the game is always "Let's make a deal"
 
Jim, I agree on most parts, I'm not a DVC'er yet, just waiting on the right contract. But timeshares are real estate and in the in game real estate the game is always "Let's make a deal"
Of course. I'm just saying don't be stupid about it.

We've seen too many threads here on the DIS where someone was trying to squeeze every last penny out of a "deal" and then had it go bad on them. And then, they come on the DIS and rant! :rotfl2:

Some people have lost contracts 3-4 times before they finally wised up. :confused3

You need to remember what the objective is -- vacations for your family. You also have to realize that the annual dues are the majority of the cost of DVC over time, and a couple hundred bucks going in really doesn't make any difference in the long run.
 

Talked to someone at the Disneyland Half who just got ROFR'd on a BWV at around $76 (Didn't get full details) She was bummed because they are letting OKW/SSR go but her "choice" seems to still be needing to be at a higher price point.
 
Talked to someone at the Disneyland Half who just got ROFR'd on a BWV at around $76 (Didn't get full details) She was bummed because they are letting OKW/SSR go but her "choice" seems to still be needing to be at a higher price point.
Just FYI, DVC sells BCV and BWV for more than they charge for BLT. They charge $115 per point (which is beyond crazy) for BCV and BWV. If they have a buyer waiting for those points, they've made a quick $40 per point gross profit.
 
Is Disney exercising their Right of First Refusal (ROFR) for any contracts at any price since July 1?

I've seen the non-park contracts at new lows (VB - $37, HH - $40) and the on-site contracts also very low (OKW - $50, BWV - $50, SSR - $55, VWL - $65).

Compared to a few years ago, it seems as though Disney has essentially given up supporting the resale prices.

With regards to contracts sold through The Timeshare Store, Inc.® Disney is still active in buying back contracts at the Beach Club. It appears the price needs to be at $80 or above in order to make it through, although ROFR is not an exact science as still a chance prices lower will make it through.

Jason
 
Thanks, all, for your replies / insights.
 



















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