ROFR Thread April to June 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[npatellye]

lizzynorma---$91.3-$21960-230-OKW-Apr-0/20, 230/21, 230/22- sent 4/5, taken 4/21

Oh man, this doesn’t bode well for me at all. Hopefully they take mine quickly.

 

[npatellye]

I am grappling with that decision. I may engage DVC to get a firm costing for direct purchase. That said, for me it is a leap of faith that direct purchase now will future-proof any changes to benefits. We have seen requirements for blue card increase in recent years, although from my perspective the benefits are not commensurate with the increases. If I cannot defend a decison to purchase direct or resale from an economical perspective (and resale is always more economical yet increasingly challenging) I may just burn my money elsewhere.

Exactly. I’m trying to add on points unexpectedly via resale but I can’t justify adding them on direct when I’m only looking at 2042 (because I only need the extra points for 15-20 years max). If they take the one in ROFR, then I’ll find something else to do for our extra trips.

 

[Sandisw]

Guides are not telling potential direct buyers about restrictions. Was there 2 weeks ago at Riviera & my friend is seriously looking at buying direct at Riviera and took the tour & "the talk" & guide has yet to mention the restriction to her.

Not sure I agree it’s up to the guide to mention everything including that if not asked, but when you buy, there is a document that you sign that specifically spells it out so there is no way one can buy without knowing it.

 

[ILoveMyDVC]

Exactly. I’m trying to add on points unexpectedly via resale but I can’t justify adding them on direct when I’m only looking at 2042 (because I only need the extra points for 15-20 years max). If they take the one in ROFR, then I’ll find something else to do for our extra trips.

All I want is a 2057 at OKW. It's been a roller coaster day. WHEN you can find one, it's been bought anywhere from minutes to an hour before - literally within minutes of it being posted. There are a few (3) posted amongst the sites - all by flakes that don't repsond to full price (and higher ) offers. I think they must be fake ads. It's exhausting because most sites don't make it easy to determine if OKW is a 2042 or 2057 without digging through each ad.
But I cannot justify paying Disney $165/pt.

 

[ILoveMyDVC]

This entire process has caused me so much anxiety. I'm ashamed to admit that I backed out of two contracts due to impulse purchases since March I guess that's why we have the 10 days. I've doubted where I wanted to purchase, changed my mind a dozen times and finally ended up with what I'm pleased with. Deleting the resales sites from my computer helped. I was checking every half hour and makig myself nuts.

I'm so glad I'm in the ROFR process with my FINAL property and ready to enjoy my points in the coming months.

The ROFR wait is taking its toll. Each day is eeking by ever so slowly with no guarantee it will be 30 days or that they will, in fact, pass.

 

[Paul Stupin]

I wonder how many people will get tired of things being taken in ROFR and end up buying direct versus how many people get tired of things being taken in ROFR and decide to not buy at all.

I don‘t think Disney cares if people get tired of ROFR and don’t buy at all. They don’t make any money on resale anyway. But I bought some CCV direct just recently because I could not find any contracts with my UY on any of the resale sites, felt like I needed more points, and did not want to wait months and months for the right contracts to show up. The dwindling supply out there is an issue.

 

[nangosix]

The ROFR wait is taking its toll. Each day is eeking by ever so slowly with no guarantee it will be 30 days or that they will, in fact, pass.

I couldn’t agree more! We are waiting on three. One (OKW) since 3/12... that’s 41 days today and nothing so far. The second is AKV which is now at 23 days and last BWV that’s early on though at 13 days. We would just like the answer. I’m tired of patiently waiting. I think each passing day pushes us closer to direct Riviera... but absolutely can’t do that unless all three are taken. The wait though for the 41 days has been challenging and frustrating. If they’re going to take it then just take it! The ROFR does not need to function like the current membership service phone line with a never ending wait.

 

[EddieK76]

There still is benefit to Disney for resale. If a new member purchases they are A.) More likely to go to WDW and spend money on food and tickets than a stale member that has the intention to sell. B.) Disney isn't "losing" money on the perks to resale that they do to direct. Yes, I am using "losing" very loosely.

 

[MegMoves]

Ugh still waiting. Sent 3/15 and still waiting on SSR. There was an issue with some numbers being transposed by the broker so they corrected that per Disney's request on 4/1 and still nothing. This is so painful to just sit by and wait.

$102-$21,037-200SSR-SEP 0/20 235/21, 200/22 Sent 3/15 still waiting...

That sounds strikingly similar to my story. May I ask what brokerage company?

 

[MegMoves]

agreed. Look at the Orange County register and there are plenty of DVC foreclosures being processed during these difficult times

What happens to the foreclosures? Are they sold by brokers or reclaimed by Disney?

 

[Ginamarie]

What happens to the foreclosures? Are they sold by brokers or reclaimed by Disney?

It’s just like any foreclosure market- the buyer can try to fix the deficit. If not, the court will allow the contract to sell either back to Disney or to a third party at auction.

 

[emmymac17]

emmymac17---$150-$25859-160-BLT-Feb-0/20, 320/21, 160/22, 160/23- sent 4/6, taken 4/22
Doesn't feel too surprising based on trends we've seen on this board. Oh well - onto plan B

 

[Ginamarie]

emmymac17---$150-$25859-160-BLT-Feb-0/20, 320/21, 160/22, 160/23- sent 4/6, taken 4/22
Doesn't feel too surprising based on trends we've seen on this board. Oh well - onto plan B

Darn- that would have been a good deal with the double points!

 

[Nie0214]

There still is benefit to Disney for resale. If a new member purchases they are A.) More likely to go to WDW and spend money on food and tickets than a stale member that has the intention to sell. B.) Disney isn't "losing" money on the perks to resale that they do to direct. Yes, I am using "losing" very loosely.

Right? I’m sure Disney has the data on how much we spent before becoming DVC and after. They are doing okay despite our buying resale.

 

[emmymac17]

Darn- that would have been a good deal with the double points!

Right? I guess too good a deal for Disney. Was hoping it would slip through

 

[MinnieSueB]

Not sure I agree it’s up to the guide to mention everything including that if not asked, but when you buy, there is a document that you sign that specifically spells it out so there is no way one can buy without knowing it.

Yep! My husband is BIG on actually READING what you are getting ready to sign. She wouldn't even know about the restriction if I hadn't told her. Just thought it was sad, but he is trying to make the sale. This is what gives "sales people" a bad name. As the saying goes - BUYER BEWARE!

 

[Sandisw]

Yep! My husband is BIG on actually READING what you are getting ready to sign. She wouldn't even know about the restriction if I hadn't told her. Just thought it was sad, but he is trying to make the sale. This is what gives "sales people" a bad name. As the saying goes - BUYER BEWARE!

Definitely need to understand the product because there is a lot more to it than what a guide is going to share during a sale.

Just saying that even with guides not bringing it up, DVD does not let a buyer buy without highlighting it in a one page document that gets signed on top of the contract.

 

[princesscinderella]

emmymac17---$150-$25859-160-BLT-Feb-0/20, 320/21, 160/22, 160/23- sent 4/6, taken 4/22
Doesn't feel too surprising based on trends we've seen on this board. Oh well - onto plan B

So sorry to hear . BLT has stayed in the buy back seat consistently in the last three months I was hoping it would slow down for everyone.

 

[ILoveMyDVC]

There still is benefit to Disney for resale. If a new member purchases they are A.) More likely to go to WDW and spend money on food and tickets than a stale member that has the intention to sell. B.) Disney isn't "losing" money on the perks to resale that they do to direct. Yes, I am using "losing" very loosely.

I agree! Seeing some of the contracts, some members haven't gone in a few years. I doubt they are buying mroe "club" merchandise or taking multiple trips per year.

 

[Jennyliztx]

While both buyer and seller are encouraged to send back within a timely manner, there is nothing that can prevent either from taking longer.

If the seller doesn’t get them back by the closing date, a buyer has the right to cancel the contract and get deposit back.

Most often, the delay is because of getting the documents notarized, or securing pay off founds if selling at a loss

Oh wow. I wish I had known that before I wired the funds right away. I’m used to typical home purchases where everyone is very eager to sign and close.