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

[Chrisdriscoll]

Nice to see all the passes here today as I start ROFR again. Definitely feel calmer about the process this time

 

[princesscinderella]

Looking at all these SSR contracts being taken I think I should rescind my offer from 5/6, what do you guys think? Here is my thought process:
- When I submitted the offer there seemed to be a 50/50 chance a $100 p/p offer would pass ROFR so I took the chance, now I think there is a 1% chance it’ll pass, if that.
- The sells could realistically get at least $10 p/p more, especially seeing the latest round of ROFR buybacks, I feel bad letting Disney take this contract, would rather the sellers get more money from another buyer (I don’t want to buy SSR close to $120 p/p)
- I could be making other offers on different contracts instead of waiting on a “taken” ROFR response.
- Only thing that gives me pause is the data on **********, I do see some $100 contracts getting by there.
Thoughts? Would you rescind?

I would have this exact conversation with the broker of your contract and proceed with what you both think is best.

 

[Ginamarie]

Looking at all these SSR contracts being taken I think I should rescind my offer from 5/6, what do you guys think? Here is my thought process:
- When I submitted the offer there seemed to be a 50/50 chance a $100 p/p offer would pass ROFR so I took the chance, now I think there is a 1% chance it’ll pass, if that.
- The sells could realistically get at least $10 p/p more, especially seeing the latest round of ROFR buybacks, I feel bad letting Disney take this contract, would rather the sellers get more money from another buyer (I don’t want to buy SSR close to $120 p/p)
- I could be making other offers on different contracts instead of waiting on a “taken” ROFR response.
- Only thing that gives me pause is the data on **********, I do see some $100 contracts getting by there.
Thoughts? Would you rescind?

I would wait it out and see if it goes through. By the time they look at yours, they may not need SSR points in your use year!

 

[ValW]

Congrats! VGC is one of my homes and I have 2 - 50 point contracts there. I cannot get over how high the prices have gotten there. I bought my first there direct in 2009 (or maybe 2010) for around $110 a point. And then my other in 2017 via resale for $152 (and thought I might be paying a little high, but did not want to lose over less than $200-300.

Thanks! I know, crazy prices right? However, since you can't buy VGC direct it's really a sellers' market. I already have a 130 pt with the same use year, so it's a nice addition.

 

[Samita]

OVER THE MOON

ILoveMyDVC---$118-$65857-520-OKW(E)-Aug-0/19, 520/20, 1040/21, 520/22- sent 4/20/2021, passed 5/10

Passed in 20 days.

I so want to use those 2020 points before July 31st.

I passed last Friday and also have banked points that expire on September and am hoping to get something or whatever is available in July/August by the time the points are loaded into my account.

Good luck!

 

[PearlyJoy]

I would wait it out and see if it goes through. By the time they look at yours, they may not need SSR points in your use year!

I am the living example of that with the AKV contract

 

[KPeterso]

Thanks! I know, crazy prices right? However, since you can't buy VGC direct it's really a sellers' market. I already have a 130 pt with the same use year, so it's a nice addition.

Very crazy! I am local to DL (seriously live 20 minutes away) and have my twin VGC contracts for a couple stays per year (Disneyland's birthday each July and then usually a holiday season stay for a night or 2 in November/December). I would consider a few more VGC points, but I also love DLH so have the DLT as a future direct add on in the back of my mind.

 

[Emmsgug]

oh thank god, seriously. Not the result I thought I was going to get, but terribly thankful.

emmsgug---$137.5-$59076-400-CCV@WL-Dec-0/19, 30/20, 400/21, 400/22-partial closing cost- sent 4/21, passed 5/10

 

[KAT4DISNEY]

Am confused. Isn’t the whole point of ROFR to obtain the points and resell them for a higher price as direct?

They can use ROFR for whatever reason and it wouldn't always be to have points to resell. It's really more of a control thing although they can use it to generate revenue too. What DVC really wants to do is sell you their newest resort. If you have to wait long enough you might just decide to do that instead.

 

[KAT4DISNEY]

Looking at all these SSR contracts being taken I think I should rescind my offer from 5/6, what do you guys think? Here is my thought process:
- When I submitted the offer there seemed to be a 50/50 chance a $100 p/p offer would pass ROFR so I took the chance, now I think there is a 1% chance it’ll pass, if that.
- The sells could realistically get at least $10 p/p more, especially seeing the latest round of ROFR buybacks, I feel bad letting Disney take this contract, would rather the sellers get more money from another buyer (I don’t want to buy SSR close to $120 p/p)
- I could be making other offers on different contracts instead of waiting on a “taken” ROFR response.
- Only thing that gives me pause is the data on **********, I do see some $100 contracts getting by there.
Thoughts? Would you rescind?

If you would like to purchase the contract for $100/pt then absolutely do not rescind. If there's personal reason where you've changed your mind and don't want it then rescind but have it be about you without trying to guess what DVC will do nor what's best for the seller.. My advice for years is never try and figure out what will pass ROFR because you just can't. And the sellers considered and accepted. They might even be counting on getting the funds as quickly as possible and rescinding will set that back. So you've negotiated and apparently were happy so just let it ride is my advice if you still are happy for yourself with the deal.

 

[shanelle3]

Shanelle3---$116-$20511-160-AKV-Dec-0/20, 160/21, 160/22-Int’l Seller- sent 4/21, passed 5/10

So thrilled! It’s been a very anxious journey, so grateful for all of the info on this board.

I used ******************. They notified me within minutes of the title company (Mason Title).

 

[VdoesDisney]

If you would like to purchase the contract for $100/pt then absolutely do not rescind. If there's something else where you've changed your mind and don't want it then do. My advice for years is never try and figure out what will pass ROFR because you just can't. And the sellers considered and accepted. They might even be counting on getting the funds as quickly as possible and rescinding will set that back. So you've negotiated and apparently were happy so just let it ride is my advice if you still are happy for yourself with the deal.

Yeah I love this deal and I definitely would be really happy to get this contract, just feel like maybe it’s a waste of everyone’s time considering recent buybacks, I did not consider; however, that the buyers may be happy to get their money quickly, even if that’s means $10-15 less per point.

 

[Emmsgug]

oh thank god, seriously. Not the result I thought I was going to get, but terribly thankful.

emmsgug---$137.5-$59076-400-CCV@WL-Dec-0/19, 30/20, 400/21, 400/22-partial closing cost- sent 4/21, passed 5/10

I should add I heard from Fidelity directly, have not heard from title company yet

 

[TroJo]

Shanelle3---$116-$20511-160-AKV-Dec-0/20, 160/21, 160/22-Int’l Seller- sent 4/21, passed 5/10

So thrilled! It’s been a very anxious journey, so grateful for all of the info on this board.

I used ******************. They notified me within minutes of the title company (Mason Title).

Good to know that Mason is on top of it

 

[Crash8ART]

I should add I heard from Fidelity directly, have not heard from title company yet

Same, Shawn Ray at Fidelity has been great! She even provided updates without being prompted about the status of my ROFR.

 

[Rebs007]

Rebs007---$108-$19221-160-AKV-Aug-160/20, 160/21, 160/22- sent 3/9, passed 5/10

After waiting for 62 days we have finally heard that we have passed ROFR!! My son is buying this and it is his first DVC contract, he is over the moon. I can't quite believe it passed with the price per point considering how prices have gone up and the other AKV that have been taken recently. I think as discussed before, it was because he paid the 2021 dues which makes it less attractive to Disney (or due to a good dose of pixie dust!) For all those who have been waiting for a long time take heart from this, good luck!

 

[pepr1800]

Rebs007---$108-$19221-160-AKV-Aug-160/20, 160/21, 160/22- sent 3/9, passed 5/10

After waiting for 62 days we have finally heard that we have passed ROFR!! My son is buying this and it is his first DVC contract, he is over the moon. I can't quite believe it passed with the price per point considering how prices have gone up and the other AKV that have been taken recently. I think as discussed before, it was because he paid the 2021 dues which makes it less attractive to Disney (or due to a good dose of pixie dust!) For all those who have been waiting for a long time take heart from this, good luck!

Wow! Congrats!!! Any indication why they took so long with ROFR?

 

[VdoesDisney]

Rebs007---$108-$19221-160-AKV-Aug-160/20, 160/21, 160/22- sent 3/9, passed 5/10

After waiting for 62 days we have finally heard that we have passed ROFR!! My son is buying this and it is his first DVC contract, he is over the moon. I can't quite believe it passed with the price per point considering how prices have gone up and the other AKV that have been taken recently. I think as discussed before, it was because he paid the 2021 dues which makes it less attractive to Disney (or due to a good dose of pixie dust!) For all those who have been waiting for a long time take heart from this, good luck!

Wow!! Great contract! Congrats

 

[ILoveMyDVC]

I am actually not too concerned on the wait. Been through this before. First resale contract in 2017 took 2 weeks (had not even thought about it when I got the email it passed). Second resale contract in 2019 took 34 days (as I recall) and I was getting antsy at that point. I know it has been typically taking around 30 days. I just thought it was interesting the email from the broker said about 45 days. I am not worried either way. I don't need the points in a hurry. These are just a few more points to bump up to a 1 bedroom more often on my future fall trips.

I have 520 points that will expire July 31. I'd like to use them, if possible.

 

[ILoveMyDVC]

Perhaps the slow down in buying and the catch-up in ROFR will lead to faster estoppels...

Wishfull thinking.