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

[HIRyeDVC]

The thing is that the POS specifically states what happens. There's nothing for Disney to validate. There has to be a time limit on a right of first refusal or they could hold up closing forever without recourse....Disney could just not reply to anyone and the entire resale market would come to a halt.

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Yes! I completely agree. I don’t think Disney cares at all and would have no issues allowing some to get through even if they don’t get to make a decision on it. The wording on the contract is pretty clear.

 

[huskerfanatic7]

Got passed on May 4th! Now just waiting for the estoppel to be issued and contract to be closed so not getting too excited just yet! The addonitus is real! We're already looking at what future points we can add and when!

LK81---$166-$17930-100-BLT-Mar-0/20, 100/21, 100/22- sent 4/9, passed 5/4

Congrats! Bodes well for my 100 point BLT at 167

 

[Paul Stupin]

The thing is that the POS specifically states what happens. There's nothing for Disney to validate. There has to be a time limit on a right of first refusal or they could hold up closing forever without recourse....Disney could just not reply to anyone and the entire resale market would come to a halt.

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I hear you. But I don’t think a real world example of this actually happening exists. Or, as far as I know, has ever existed. No matter what the language, as a buyer I would not agree to transfer funds until I heard officially regarding ROFR. But, seeing that this situation basically never happens, my vote is that we stop talking about it!

 

[Disneytrippin']

Sorry to hear that. At what price point did Disney buy them back if you don’t mind me asking?

Mine was bought back at 152 p.p. 160 pts.

 

[pangyal]

Hi! Just go ahead and post this as a “Reply” in the ROFR thread and I’ll be sure to add you . Good luck!

 

[Flynn's Gal]

Sorry to hear so many contracts get taken, however; Disney exercising their ROFR is still a good thing, as it prevents the DVC market prices to go down, which would devaluate all of the DVC owners' contracts. In other words; with ROFR you know that the contract that you end up dó getting, will keep it's value over the years, should you at some point decide to sell it off.

I understand what you're saying. It's just baffling to me that the same prices that are getting taken were passing easily a few months ago. The same is happening in the housing market so I guess this is just the time we're in right now. How come everything jumps up except my salary? No, big jumps there, only incremental increases over long periods of time.

 

[DisTime25]

DisTime25---$125-$22524-160-AKV-Dec-276/20, 160/21, 160/22- sent 4/9, passed 5/6

Decided to reach out to the title company on 5/7 and they confirmed that the contract passed ROFR the previous day on 5/6.

 

[Vcorley1]

macman123---$142-$31,990-220-PVB-Aug-0/20, 0/21, 220/22- sent 4/7, passed 5/8

looks like I spoke too soon! This is a great win and an indication to me to bid sub $140 on PVB.

 

[macman123]

Glad to see this as my contract is very similar (in fact, this looks like one I tried to buy first)! As long as they're not looking for April use year (mine) or randomly pulling contracts from a hat... I'm keeping my fingers crossed.

Good luck. I thought it was marginal given the current resale prices.

 

[macman123]

looks like I spoke too soon! This is a great win and an indication to me to bid sub $140 on PVB.

I agree. Maybe its because its a contract with no 2020/21 points.......

 

[rkrose1]

tlm345---$120-$26192-200-SSR-Oct-0/20, 320/21, 200/22- sent 4/14, Passed 5/7

Congratulations! This gives me hope for my Oct use year $124 loaded contract sent 4/30.

 

[Rebs007]

9/3 or 4/3?

Sorry we write other way round in the UK. 9th March so 3/9. Have edited my post

 

[Rebs007]

Would be curious your reasoning as to why they would be LESS likely to buy back a loaded contract? Seems like it should be the opposite, but I'm new at this.

Yes I thought so as a newbie but there was a lot of discussion about this on the Jan to March thread when Disney seemed to be taking predominately stripped contracts. The reason given by others is that the buyer usually pays 2021 dues if the contract is full or loaded, so this is an extra expense that Disney has to pay in addition to the price per point making it less attractive to them. When they buy a stripped contract I believe they can just add the current year's points.

 

[Dena1972]

sharene0724---$100-$15630-150-OKW-Apr-0/20, 0/21, 150/22, 150/23- sent 4/13, taken 4/24

That stinks it doesn’t look good for for my $100 pp OKW

 

[Divaofdisney]

We offered 104 PP back in Feb for 190 point contract and it was accepted. It was also a fully loaded contract too. I think DIsney tends to stay away from those. I am pulling for you. Just never know sometimes.

 

[Sharene0724]

That stinks it doesn’t look good for for my $100 pp OKW

Crossing my fingers for you, you just never know when Disney is going to buy or pass it seems! At least this one was super fast so no waiting around forever to find out!

 

[Michiel]

Yes I thought so as a newbie but there was a lot of discussion about this on the Jan to March thread when Disney seemed to be taking predominately stripped contracts. The reason given by others is that the buyer usually pays 2021 dues if the contract is full or loaded, so this is an extra expense that Disney has to pay in addition to the price per point making it less attractive to them. When they buy a stripped contract I believe they can just add the current year's points.

Thanks for this, makes sense. Although I wouldn’t think Disney can just add the current year’s point to a contract? As that would temporarily create extra points against the same inventory of rooms, which would go against their own policies.

 

[BeBopaSaurus]

Y’all...... I. Can’t. Even.

BeBopasaurus---$114-$24977-200-SSR-Feb-0/20, 240/21, 200/22- sent 4/6, taken 5/8

 

[agirlcallededdy]

Y’all...... I. Can’t. Even.

BeBopasaurus---$114-$24977-200-SSR-Feb-0/20, 240/21, 200/22- sent 4/6, taken 5/8

Oh wow. I am a seller watching the board. We have a loaded 220 SSR at $110 sent 4/8 that hasn't passed yet. Seems like they are sitting on SSR and $110 may be low now! I am so sorry!!

 

[Dis87ney]

Y’all...... I. Can’t. Even.

BeBopasaurus---$114-$24977-200-SSR-Feb-0/20, 240/21, 200/22- sent 4/6, taken 5/8

Oh man....I'm waiting to hear back on ROFR. I have an 114$ SSR 200, UY OCT 87/21, 200/22....now I'm nervous