ROFR Question

[cmkallen]

A seller accepted my Boardwalk offer of $11000 ($73 point) for 150 points. 80 points available now and 150 points available June 2008. Do I have any chance of Disney letting this through.

Craig K

 

[Happy Birthday Cat]

Since no one really knows what criteria Disney uses to buy back contracts, it's just a guess that they will take this one at $73.00. That seems low considering what they are able to sell BWV contracts for. But you never know. I have been surprised quite a few times at what they have taken and what they have passed on.

I wish you the best of luck and welcome to the Dis-Boards.

HBC

 

[calypso*a*go-go]

It would truly be a miracle if this slid by ROFR. Even the OKW resales have been $75+ for most contracts. Are you paying closing costs and reimbursing for any maintenance fees? If the current owner is paying these...I'd say you better start looking for another contract right now.

 

[Dean]

Unlikely, however all is not lost. I bought a BWV contract a few years ago at $54 per point when the ROFR was pretty clearly $58 per point. While I bought through a real estate company, it wasn't one that's usually talked about on DIS. One of the Realtors from the usual one's you see here was upset (not with me) that DVC let this go through at a level they had routinely been buying back through that realtor and others. I'm trying to remember the exact wording but it was something about DVC being in foreclosure on this contract and that created a conflict of Interest so they couldn't step in. I wish I could find the email from that realtor to be certain of the specifics though I likely could if I tried hard enough and went to my old computer to search around.

 

[cmkallen]

I would be paying closing costs and the dues on the 2006 80 points. No more dues until 2008.

 

[RobDoc]

The owner of the contract WILL pay dues for 2007 even if there are no points available. You should be aware of that fact even if ROFR grabs the contract.

Good luck!

 

[JohnBJr]

I made an offer on a "fully-loaded" BWV contract a week ago. It had all of this years points banked and full points for 2007. The seller was asking $83.00 per point. But having read so much here lately about Disney's aggressive ROFR, I suggested to the realtor that my bid be at $86.00 per point with the seller contributing a comparable offset to closing costs. The realtor thought this was a good idea. The seller accepted, we signed the paperwork and now we will wait to hear from Disney. We are already owners, don't know if that has any bearing but did not want to miss this contract.

Any feedback on whether this approach can help or hurt with ROFR?