ROFR question

[kbhehl]

I noticed someone else's post about being "skunked" (or something like that) by Disney's ROFR. I understand what it stands for, but being a person who is considering purchasing DVC in the near future, I would appreciate anone who can help me understand what goes on with the whole ROFR thing.
Are we saying that even if a seller is asking $68 per point, for example, a buyer may not actually be able to purchase for that amount because Disney says no?
I know this may sound like a silly question (forgive a newbie) but: Can they do that?

 

[RobDoc]

ROFR means that every offer to purchase must be submitted to Disney prior to closing. Disney has the right to accept the agreed terms or not. hey are not refusing the sale at all. They can either purchse for the same terms or allow the sale tp proceed.

The seller has nothing to lose as, either way, they will get the amount they have already agreed upon- either from the buyer or from Disney. The buyer can certainly end up disappointed though.

Disney cannot negate the sale- only allow it to proceed or buy it themselves.

As mentioned in the thread you quoted, if a seller is in a hurry to sell- accepting a low offer will probably facilitate the process greatly.

 

[kbhehl]

Thanks--at least I get it now. But as a potential buyer, it makes me a little concerned. I guess the best way to buy something is to offer fairly high? That kind of stinks.
Is there a particular amount per point that usually goes through without Disney snatching it first?

 

[Zurg]

kbhehl

It is like any other market, it pays to keep an eye on prices for a while to find out what the market will bear.

Keep reading this forum at the dis and you will get a feel for it.

Hey you know the price of one deal that got "skunked" from reading here already right? There are post about others that went through too.

Have fun shopping and we look forward to welcoming you home soon!

 

[tinksmom]

There is no definite "don't buy below this dollar" amount. Our resale went through at $70/point, some have gone through lower. I think the main thing to consider is paying the closing costs, dues and taxes. We paid all. I think the more Disney has to pay, the less likely they are to option the ROFR.

Good luck!

 

[kbhehl]

thanks! I'll keep watching the posts. (Secretly wish I had as much time to do so as some others I've seen!)