ROFR Thread April to June 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[MICKIMINI]

Not directly related to ROFR but wanted to provide this update to the group:

Our direct guide just called and left a message that our wait list request for VGC from late 2020 just came through. Offering us 100 points direct. I can only assume this means they ROFR'D someones VGC resale...to them, I am sorry, and I will stand in solidarity with you by NOT purchasing these points. $310/pt is outrageous.

Sorry? Not sorry! You got VGC!!

 

[HappyThoughtsTees]

Sorry? Not sorry! You got VGC!!

We own resale VGC already. If it was 150 points we might be tempted to replace our direct SS contract, but these points are not worth the 31K pricetag to us right now. I'd rather play the negotiating game with resale

 

[HIRyeDVC]

Not directly related to ROFR but wanted to provide this update to the group:

Our direct guide just called and left a message that our wait list request for VGC from late 2020 just came through. Offering us 100 points direct. I can only assume this means they ROFR'D someones VGC resale...to them, I am sorry, and I will stand in solidarity with you by NOT purchasing these points. $310/pt is outrageous.

could be from a foreclosure? I can't imagine Disney exercising ROFR at anything above $230-240pp for VGC. And I agree. $310pp is outrageous, even for direct. But I'm sure someone down the waiting list will gladly buy it.

 

[CaitMcH]

Not sure if anyone else has had a similar experience of any kind, but thought this would be the place to ask.
My PVB contract that was sent on 4/22 is being held up in ROFR because they're saying the seller has a future reservation, but they don't. The broker and the title company are both working with Disney to try and get the issue resolved. Is this something that is likely to get straightened out soon or should I be preparing for a longer wait?

 

[dlam32]

Not directly related to ROFR but wanted to provide this update to the group:

Our direct guide just called and left a message that our wait list request for VGC from late 2020 just came through. Offering us 100 points direct. I can only assume this means they ROFR'D someones VGC resale...to them, I am sorry, and I will stand in solidarity with you by NOT purchasing these points. $310/pt is outrageous.

I never figured they would ROFR any VGC but there have been some listings that have been outside of the range of that $60 mark that some think is the line for Disney.

 

[pks_domer]

So basically international seller is the way to go. Congrats!

Thanks— and huge thanks too to those earlier in this thread that mentioned the international seller angle as being worth a shot. Not something we’d have figured out on our own as newbies, so we very much appreciate the board’s assist on this one!

 

[NVDISFamily]

I never figured they would ROFR any VGC but there have been some listings that have been outside of the range of that $60 mark that some think is the line for Disney.

I might be one of those….. I hope that’s not the case

 

[WDWkristin]

Yeah!! Congrats! You have plans for those 2021 points?

I am actually going to sell them. It’s the double 2022 points I was looking for. I’m going to take my sisters and their kids next March for their very first trip.

 

[TotallyMinnie83]

Not directly related to ROFR but wanted to provide this update to the group:

Our direct guide just called and left a message that our wait list request for VGC from late 2020 just came through. Offering us 100 points direct. I can only assume this means they ROFR'D someones VGC resale...to them, I am sorry, and I will stand in solidarity with you by NOT purchasing these points. $310/pt is outrageous.

I can't believe that you put in a request in late 2020 and they're just getting back to you with points in May 2022. They could have ROFR'd a bunch of contracts (including mine from like a month ago) in order to get you your points. Why would they let an interested buyer sit around for that long? That's crazy.

 

[wdw4rfam]

jgarrity1---$130-$14537-100-SSR-Aug-0/21, 200/22, 100/23- sent 4/26, taken 5/25

Update:

Joarath---$140-$19901-130-SSR-Sep-0/20, 130/21, 130/22, 130/23- sent 5/1, passed 5/25

Woo! Finally passed! Much quicker than my first wait. Hum... now some of these poly contras look pretty attractive.

Boy don’t know what to think. We are waiting on our SSR at $138 for 100pts. Right between these

 

[Arbogast]

When purchasing on a resale site is it possible to know if it's an international seller upfront?

 

[Stargazer65]

When purchasing on a resale site is it possible to know if it's an international seller upfront?

A lot of brokers show this on the listing. Otherwise, you can try asking.

 

[wdw4rfam]

So for those of us new to the “international seller” thing… what are the disadvantages? Has to be something because disney clearly doesn’t want to mess with it

 

[Stargazer65]

So for those of us new to the “international seller” thing… what are the disadvantages? Has to be something because disney clearly doesn’t want to mess with it

It usually takes longer to close, there's some extra legal mumbo jumbo. That's all I know.

 

[The_MT]

I made an offer on an AKV resale from an international seller this morning and after a couple of counters we agreed! I'm so excited!! I'll make a new string once it goes to Disney for ROFR review

 

[HappyThoughtsTees]

I can't believe that you put in a request in late 2020 and they're just getting back to you with points in May 2022. They could have ROFR'd a bunch of contracts (including mine from like a month ago) in order to get you your points. Why would they let an interested buyer sit around for that long? That's crazy.

I don't think there is enough of a profit margin for DVC to spend much time/energy ROFR'ing VGC

 

[pks_domer]

It usually takes longer to close, there's some extra legal mumbo jumbo. That's all I know.

There are some other threads here on Disboards that go into it in more detail. There are some capital gains taxes on the international seller's side... and because they need a notary, it sometimes can take a bit longer to push the paperwork.

EDIT: there have also been some horror stories on the board about the IRS coming back to the buyer looking for the FIRPTA taxes, so seems important to make sure that's planned/withheld properly!

 

[kkediana]

Yippee!! Passed today, it was an international seller. I may not be able to use the 46 points from 2020 before September 1st, Broker said 3 to 4 weeks to get closing documents and then Disney is taking 3 to 6 weeks to set up the account. Still very pleased to have

Yippee!! Passed today, it was an international seller. I may not be able to use the 46 points from 2020 before September 1st, Broker said 3 to 4 weeks to get closing documents and then Disney is taking 3 to 6 weeks to set up the account. Still very pleased to have passed.

Passed on 5/21 to international seller, received and signed the contract from Mason Title today. Moving along quicker than expected.

 

[HIRyeDVC]

Thanks— and huge thanks too to those earlier in this thread that mentioned the international seller angle as being worth a shot. Not something we’d have figured out on our own as newbies, so we very much appreciate the board’s assist on this one!

If I was an international seller, I'd probably wouldn't want buyers to know since the biggest selling point is that you would mostly likely pass ROFR and the buyer would be emboldened to bid as low as possible.

 

[Paul Stupin]

You're exactly right. I was soooo close to pulling the trigger on a direct VGF add on. So close that my guide had the sales papers drawn up.
I was able to snag a 120 point VGF loaded contract with my same use year for $152 pp with seller paying maintence fees despite fully loaded. I couldn't justify buying direct.

I think you can justify a higher price if you want to stay at Riviera, and probably VDH and Poly2 with your points, not to mention whatever else DVC is cooking up. An additional $4800 over the duration of the contract might be worth it.