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

[Thumper729]

It was sent 3 hours ago...so I guess it's about time to start shopping again

You could be that one that slips through You never know......

 

[Thumper729]

I was told by a broker that has been the case lately. He advised no lower than $97 pp. We will see what happens. Still waiting, I thought we were going through the ROFR process for the past 12 days but Disney sent my broker an email today saying they were starting the 30 ROFR process. I couldn't believe it...12 days of wondering and worrying for pretty much no reason.

ughh that stinks.... well hopefully they only take 2 weeks and then pass on it Good Luck. I am currently shopping for my next one- but not too much out there in my use year.

 

[NewbieMom]

I was told by a broker that has been the case lately. He advised no lower than $97 pp. We will see what happens. Still waiting, I thought we were going through the ROFR process for the past 12 days but Disney sent my broker an email today saying they were starting the 30 ROFR process. I couldn't believe it...12 days of wondering and worrying for pretty much no reason.

So if list is $95pp, are you suppose to offer over asking??

 

[Preacherroe]

In the winter months, I see where SSR was passing ROFR for high $70s and low $80s/pt. Should we wait until off-season when demand is lower to try to make a purchase?

 

[Thumper729]

In the winter months, I see where SSR was passing ROFR for high $70s and low $80s/pt. Should we wait until off-season when demand is lower to try to make a purchase?

That exact thought just passed in my head right now.... Market is hot right now...wonder if I should hold off a few months....

 

[Whositsgalore]

In the winter months, I see where SSR was passing ROFR for high $70s and low $80s/pt. Should we wait until off-season when demand is lower to try to make a purchase?

I’m starting to think that’s a good idea myself.

 

[Whositsgalore]

So if list is $95pp, are you suppose to offer over asking??

I wouldn't offer over asking. If there's one listed I can only assume maybe the seller doesn't care either way. Either they sell it for that OR Disney buys it back. I'm sure it makes no difference to them.

 

[Calculator]

If Disney are going to be selling Riviera and the rumoured hotel at the old river country site in the next 2-4 years then they'll be wanting to drive resale prices up well before they go on sale. The ROFR resale activity aligns with the recent direct price increases too.

People are less likely to buy direct if there are too many bargains at resale.

It has to end soon surely! (Please)

 

[Whositsgalore]

That exact thought just passed in my head right now.... Market is hot right now...wonder if I should hold off a few months....

I'm way new to all of this. Has the general trend in years past been that there is a hot "season" for vacation club ownership like there is in real estate?

 

[TexasChick123]

Still waiting, I thought we were going through the ROFR process for the past 12 days but Disney sent my broker an email today saying they were starting the 30 ROFR process. I couldn't believe it...12 days of wondering and worrying for pretty much no reason.

I’m sorry. Good news is they usually won’t take an additional 30 days from today. Expect to hear in 2-3 weeks (one week if you’re lucky). One broker said they take 4-8 days after submission to officially start reviewing it for ROFR. I feel like all the buy backs have really slowed down the review process lately.

 

[Preacherroe]

I'm way new to all of this. Has the general trend in years past been that there is a hot "season" for vacation club ownership like there is in real estate?

Who knows? All I can say is look at the threads for July-Sept and Oct-Dec of 2017 and see what passed.

 

[TexasChick123]

In the winter months, I see where SSR was passing ROFR for high $70s and low $80s/pt. Should we wait until off-season when demand is lower to try to make a purchase?

There’s something at play here with this huge amount of buy backs that we don’t know. You can always wait until the fall/winter to save yourself worrying about it for a few months. I think they’ll buy anything back if the profit margins are there regardless of the time of year as long as there’s still a demand for direct points. They still do exercise ROFR in the fall/winter. The resales volumes are generally lower though because people are about to spend a lot on all the holiday stuff. Lower sales volumes = lower buy backs. It’s all relative though.

 

[ScubaCat]

On day 27 myself... just waiting for the confirmation email that it was taken. I’d love to know the “real” reason Disney waits so long when they know they’re going to take it. We all guess but there’s a definite reason they do this bc it’s a pattern.

They're looking for a buyer. They don't want the points on their books; they want to buy it back from you and immediately flip it to someone waiting to buy those points direct.

 

[Whositsgalore]

They're looking for a buyer. They don't want the points on their books; they want to buy it back from you and immediately flip it to someone waiting to buy those points direct.

That sounds very reasonable. Check wait lists, check with direct buyers who want in but at a slightly lower price point, all those things take some time. At least that's my justification for all the SSR and AKL buy backs. Find one, buy back & resell within a few weeks.

 

[Beesknees6]

Money. The longer they wait, the more time they have to come up with the money. That gives them that much more time to sell more points direct which gives them more working capital. They could also be earning interest on that money, so every day they wait makes them more money in interest. Just as we like to hang onto our money until the last possible second, so do they.

I see that... very true

 

[Beesknees6]

They're looking for a buyer. They don't want the points on their books; they want to buy it back from you and immediately flip it to someone waiting to buy those points direct.

Ok... like @TexasChick123 mentioned, they want to hang on to their money and accrue interest until they find the right buyer. I can see all of that. But do we ever see them take a contract back right away because they have a buyer ? It seems that they ALWAYS wait until the very last second... it’s like a Jedi mind trick!

 

[Firebird060]

Hmm i suspect like many of you do, that a nice price increase is coming from direct. I am sure disney has a nice actuary table that takes into account the number of years left on the contract vs current direct points and wants to make sure that the resales are more then a certain percentage discount.

 

[ScubaCat]

Ok... like @TexasChick123 mentioned, they want to hang on to their money and accrue interest until they find the right buyer. I can see all of that. But do we ever see them take a contract back right away because they have a buyer ? It seems that they ALWAYS wait until the very last second... it’s like a Jedi mind trick!

I'm sure they've got plenty of money. They just don't want to buy back points and have them sit on the books very long if possible. They quicker they unload the points, the quicker they can start collecting dues on them. Remember, DVD would rather not deal with existing properties at all. Their primary interest is to sell the new "live" properties. ROFR just helps them keep the resale prices up so that they can charge more for the new stuff.

 

[Courtney924]

I’m sorry. I’m also waiting on a SSR contract $95/pp. Day 21. I’m pretty positive mine will be taken as well.

I'm waiting, too. Day 26. $95pp 100pts at SSR.

 

[disneyeveryyear]

So if list is $95pp, are you suppose to offer over asking??

Depending on the number of points, I might offer $98 and ask the seller to pay closing costs, or $100 and ask them to cover 2018 MFs (If there are any points coming for 2018).