ROFR Thread April to June 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[TexasChick123]

Well, after 30 days in ROFR Disney decided to take our OKW contract today On to the next.

JV63---$80-$22215-270-OKW-Mar-0/17, 100/18, 49/19, 270/20-Seller pays 18/19 MF- sent 3/12, taken 4/12


-Does this mean that in Jan of 2019, Disney is going to send the seller a bill for the MF's ??

I’m sure it means they back the amount out of the purchase price, but I could be wrong. Good question.

 

[Jerry5788]

I’m sure it means they back the amount out of the purchase price, but I could be wrong. Good question.

I would agree with that given terms of contract. If the buyer was responsible for 2019 dues than Disney should be out the money for them

 

[KAT4DISNEY]

Well, after 30 days in ROFR Disney decided to take our OKW contract today On to the next.

JV63---$80-$22215-270-OKW-Mar-0/17, 100/18, 49/19, 270/20-Seller pays 18/19 MF- sent 3/12, taken 4/12


-Does this mean that in Jan of 2019, Disney is going to send the seller a bill for the MF's ??

I'd assume there was some agreed upon credit amount for the dues between you and the seller for the 2019 payment? DVC assumes the contract with the exact same terms.

 

[ajjonesehc]

Well, after 30 days in ROFR Disney decided to take our OKW contract today On to the next.

JV63---$80-$22215-270-OKW-Mar-0/17, 100/18, 49/19, 270/20-Seller pays 18/19 MF- sent 3/12, taken 4/12


-Does this mean that in Jan of 2019, Disney is going to send the seller a bill for the MF's ??

When I purchased a stripped contract it meant that an estimate of next year's MFs were credited to me at the sale. I assume something similar would happen in this case.

 

[Jelly563]

That takes about another $10 off the sale price... JV63 took the short end

 

[Babydreamz]

Babydreamz---$99-$13763-125-SSR-Dec-125/17, 125/18, 125/19- sent 4/6

babydreamz---$99-$13763-125-SSR-Dec-125/17, 125/18, 125/19- sent 4/6, passed 4/13

Passed in exactly 1 week. That must mean we overpaid. But I'm still happy.

 

[KAT4DISNEY]

babydreamz---$99-$13763-125-SSR-Dec-125/17, 125/18, 125/19- sent 4/6, passed 4/13

Passed in exactly 1 week. That must mean we overpaid. But I'm still happy.

Nah - just that you were in the short stack. DVC doesn't want everything back even if priced right and some things will pass even if priced right or low. Congratulations on your contract!

 

[PSW16]

Congrats. Nice set of points. We've been using DVC Resale Market since day 1 and we are waiting to hear on our 3rd contract (1 passed, 1 taken). They've been great with communication throughout each step of the process. If I call or email them, they get back to me in a timely manner. Love how easy their site is to navigate as well.

We just closed using DVC Resale Market and Magic Vacation Title in a total of 39 days (From offer accepted to closing). Very smooth. Great communication.

 

[jjwelch24]

We just closed using DVC Resale Market and Magic Vacation Title in a total of 39 days (From offer accepted to closing). Very smooth. Great communication.

Wow, that’s fast. Congratulations.

 

[Moonlight Graham]

Moonlight Graham---$141-$19125-125-PVB-Oct-0/17, 125/18, 125/19- sent 4/6, passed 4/13

Definitely paid too much, but it was the resort, UY and point amount we wanted, so we weren’t going to lose too much sleep over coming out on the wrong end by a couple hundred bucks. And we knew we were paying too much because of the information on this board, so it was at least an informed decision. For that, thanks all for your contributions. I figured we owed it to the group to contribute to the data. Cheers.

 

[disneylovinfamilyof6]

Moonlight Graham---$141-$19125-125-PVB-Oct-0/17, 125/18, 125/19- sent 4/6, passed 4/13

Definitely paid too much, but it was the resort, UY and point amount we wanted, so we weren’t going to lose too much sleep over coming out on the wrong end by a couple hundred bucks. And we knew we were paying too much because of the information on this board, so it was at least an informed decision. For that, thanks all for your contributions. I figured we owed it to the group to contribute to the data. Cheers.

Honestly that price wasn’t bad at all considering what has been taken in ROFR. I lost a 160pt contract last month at $135pp.
You got exactly what you wanted UY and points wise and it passed ROFR. You saved $79pp over buying direct, so I call that a smart buy! Congrats!

 

[ScubaCat]

Well, after 30 days in ROFR Disney decided to take our OKW contract today On to the next.

JV63---$80-$22215-270-OKW-Mar-0/17, 100/18, 49/19, 270/20-Seller pays 18/19 MF- sent 3/12, taken 4/12


-Does this mean that in Jan of 2019, Disney is going to send the seller a bill for the MF's ??

ROFR allows the developer (DVD in this case) to replace you and become the buyer on the contract exactly as it's written. Thus, by exercising their ROFR, they agree to the identical terms and pay the exact same amount you would have paid, including broker commission, MFs, etc. Based on the terms you indicated, the 2019 MFs will simply be deducted from the check they send, the same as would have happened if you were the buyer.

They can't invoice the seller for something like next year. Just like with any real estate interest, once the deed is signed over, all ownership and obligations are transferred.

 

[pangyal]

Updated!

 

[ScubaCat]

Updated!

Thanks! See ya in a week.

 

[icesk8abc]

Updated!

Was the second one under AKV supposed to go in SSR or was it mislabeled SSR?

 

[pangyal]

Was the second one under AKV supposed to go in SSR or was it mislabeled SSR?

No, that entry had a mind of its own and double-posted in a second spot . Thanks for letting me know!

 

[Drewferin]

Well I'm awaiting ROFR along with a lot of others. I've seen AKV taken up to 105 a point that last couple months. Hoping mine will pass:

Drewferin---$107-$21080-180-AKV-Dec-0/17, 180/18, 180/19- sent 4/11

 

[Drewferin]

Found this blog from DVC Resale Market. They are a resale company but also post their monthly contracts taken. Great for helping buyers decide what to offer sellers.

https://www.dvcresalemarket.com/blog/category/disney-vacation-club/

 

[KAT4DISNEY]

Found this blog from DVC Resale Market. They are a resale company but also post their monthly contracts taken. Great for helping buyers decide what to offer sellers.

https://www.dvcresalemarket.com/blog/category/disney-vacation-club/

If that is being looked at as "safe" amounts to offer where someone might go higher believing it will help with passing ROFR I'd not consider that at all. In many years of watching resale there's never been a price that DVC has indicated they are going to take a contract. There are other factors and sometimes they just aren't exercising ROFR. If someone pays a higher price believing it will assist with passing that might be true but I've seen higher priced ones get taken too. DVC does and will pass on low priced resale and paying more very likely just means your paying more than you needed to. I recommend to negotiate the best deal you can with a seller and then see what happens.

 

[dfisher9]

My first ever contract. I was pretty confident until I started reading this thread.

dfisher9---$93-$20523-200-SSR-Mar-0/17, 292/18, 200/19, 200/20- sent 4/10

Update, we passed! I’m joining the club.

Reneedisnerd---$80-$13453-150-OKW-Mar-0/17, 150/18, 150/19, 150/20- sent 4/11

Second time we have gotten to this point. First one (AKV) was taken after 21 ways in ROFR. We aren’t in a big rush as we aren’t planning on another WDW trip until Dec of 2019 but I am not very good at waiting.

Update - Got the good news email this morning. So excited to join the club.

dfisher9---$93-$20523-200-SSR-Mar-0/17, 292/18, 200/19, 200/20- sent 4/9, passed 4/14