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

[Spinster Travel]

CaitMcH---$173-$27787-150-PVB-Dec-30/21, 300/22, 150/23- sent 4/22, passed 5/31


Yay, finally!! So excited for our first contract!

Let me be the first Polynesian neighbor to say "Welcome Home"

 

[LadybugsMum]

Timeline Update:
4/5: Sent to RoFR
5/4: Passed
5/10: Closing Docs Received with request to submit within 2 weeks
5/10: Submitted closing docs and funds
5/24: Notified that closing docs were complete and submitted to county
5/26: Notified that closing was final and that Disney will provide my account # via snail mail
5/31: Waiting ...

You should get your account info through email so that you can log in to the website.

 

[RamblinWreck]

varyth---$159-$8472-50-VGF-Mar-0/21, 0/22, 42/23, 50/24- sent 5/10, passed 5/28

Wasn't expecting anything for another week!

Nice grab!

 

[Parkhopperplanner]

@pangyal reposting my passed thread

parkhopperplanner---$138-$9408-60-OKW(E)-Aug-0/20, 14/21, 60/22, 60/23- sent 4/29, passed 5/25

 

[purplenancy27]

purplenancy27`---$140-$7717-50-AKV-Dec-50/21, 50/22, 50/23- sent 4/20, passed 5/31

Totally shocked this passed! I can't wait to book our first trip. Last week PVB passed! So now i need to save up so we can get a small Epcot area resort.

 

[HIRyeDVC]

https://dvcnews.com/dvc-program/fin...rice-down-7-3-lowest-volume-in-over-12-months

My biggest takeaway "In total, 45k points across 331 private sale deeds were recorded in April 2022 with the Orange County (FL) Comptroller, a decrease of 29% over the prior month. This number was lower than the 311k direct points sold for the same resorts. 45k points per month is the lowest number of private resale points in a single month since at least Jan 2021."

April 2022 was a bad month for resale sellers and great for Disney direct. I wonder how long this trend will continue

 

[pianomanzano]

https://dvcnews.com/dvc-program/fin...rice-down-7-3-lowest-volume-in-over-12-months

My biggest takeaway "In total, 45k points across 331 private sale deeds were recorded in April 2022 with the Orange County (FL) Comptroller, a decrease of 29% over the prior month. This number was lower than the 311k direct points sold for the same resorts. 45k points per month is the lowest number of private resale points in a single month since at least Jan 2021."

April 2022 was a bad month for resale sellers and great for Disney direct. I wonder how long this trend will continue

But DVC bought back 68k points in April, so I don't think it was that bad for sellers. Maybe bad for resale buyers. They bought back 25.2k Saratoga points alone in April (double last month's take), they must be planning something there since they only sell around 5 to 7k Saratoga points direct per month.

 

[flute38]

flute38---$139-$29551-200-AKV-Jun-0/20, 0/21, 112/22, 200/23- sent 4/18

And I'm still waiting. Just checked in with the broker -- the boards sponsor, and they said no word yet.

 

[alohatok1986]

UPDATE: Alohatok1986---$132-$30375-225-AKV-Oct-0/21, 0/22, 176/23- seller pays dues on est. 49 pts. for 2023, delayed close (10/20)- sent 4/14, passed 5/13. TAKEN 5/31

Has anyone ever had this happen? We got confirmation from our broker 5/13 that our contract had passed. Today she called me very distraught, saying Disney came back saying they were taking it. She was ready to dispute it & raise a fuss but I told her it's ok we're in no rush & it's obviously not her fault. I'm wondering if the delayed closing opened up the possibility/likeliness of this happening. It's all good, we'll find another.

 

[HIRyeDVC]

But DVC bought back 68k points in April, so I don't think it was that bad for sellers. Maybe bad for resale buyers. They bought back 25.2k Saratoga points alone in April (double last month's take), they must be planning something there since they only sell around 5 to 7k Saratoga points direct per month.

good point. Disney exercising ROFR is still considered a resale transaction so the total number of resale points would be 113k compared to 311k direct points sold. Definitely not bad,.. though those ROFRd contracts are probably on the low end in terms of price per point, which isn't great for sellers. I'm thankful that Disney continues to exercise ROFR to inflate the market value of our contracts.

 

[pianomanzano]

good point. Disney exercising ROFR is still considered a resale transaction so the total number of resale points would be 113k compared to 311k direct points sold. Definitely not bad,.. though those ROFRd contracts are probably on the low end in terms of price per point, which isn't great for sellers. I'm thankful that Disney continues to exercise ROFR to inflate the market value of our contracts.

Agreed, those sellers probably left some money on the table!

 

[UbieTinkinMon]

good point. Disney exercising ROFR is still considered a resale transaction so the total number of resale points would be 113k compared to 311k direct points sold. Definitely not bad,.. though those ROFRd contracts are probably on the low end in terms of price per point, which isn't great for sellers. I'm thankful that Disney continues to exercise ROFR to inflate the market value of our contracts.

Nice for you that already own, not so much for those of us still trying to get in. When we started the process of submitting offers, we were submitting at $120 per point on AKV listings. We have had four ROFR'd at this point, and are now offering $138+ per point to try and become DVC members. That's over a three month span! Not been fun watching it go up on us, but I will be happy once we own and see those steadily rising prices.

 

[RamblinWreck]

UPDATE: Alohatok1986---$132-$30375-225-AKV-Oct-0/21, 0/22, 176/23- seller pays dues on est. 49 pts. for 2023, delayed close (10/20)- sent 4/14, passed 5/13. TAKEN 5/31

Has anyone ever had this happen? We got confirmation from our broker 5/13 that our contract had passed. Today she called me very distraught, saying Disney came back saying they were taking it. She was ready to dispute it & raise a fuss but I told her it's ok we're in no rush & it's obviously not her fault. I'm wondering if the delayed closing opened up the possibility/likeliness of this happening. It's all good, we'll find another.

It's obviously not her fault! But it sounds worth putting up a little bit of a fight with Disney over it. I assume your broker has some confirmation from them that they passed on it?

 

[HIRyeDVC]

Nice for you that already own, not so much for those of us still trying to get in. When we started the process of submitting offers, we were submitting at $120 per point on AKV listings. We have had four ROFR'd at this point, and are now offering $138+ per point to try and become DVC members. That's over a three month span! Not been fun watching it go up on us, but I will be happy once we own and see those steadily rising prices.

I was saying the same thing 18 months ago. Thought I was paying crazy high prices then but I'm not too sure if the price run up in the last year is the norm as we may be seeing a bit of a correction. General consensus about DVC is there is no cheaper time to buy than now meaning prices will only go up! Though, nothing is ever guaranteed.

 

[alohatok1986]

It's obviously not her fault! But it sounds worth putting up a little bit of a fight with Disney over it. I assume your broker has some confirmation from them that they passed on it?

I'm going to follow up with her via email and ask whether they emailed her or what. I was a little too surprised on the phone to think to ask. A few things have happened in my personal life recently where I feel like this particular contract wasn't meant to be & I'm not really willing to fight for it. The worst part is, no available AKL contracts look appealing to me right now. I'm just going to keep my eyes peeled.

 

[RamblinWreck]

I'm going to follow up with her via email and ask whether they emailed her or what. I was a little too surprised on the phone to think to ask. A few things have happened in my personal life recently where I feel like this particular contract wasn't meant to be & I'm not really willing to fight for it. The worst part is, no available AKL contracts look appealing to me right now. I'm just going to keep my eyes peeled.

It definitely can't hurt to ask! If there's some proof that they declined to exercise ROFR on it then it may not be worth much of a fight but it could be worth at least sending a strongly worded email to the right place, threatening to fight it, even if you aren't actually willing to!

 

[Flynn's Gal]

I'm going to follow up with her via email and ask whether they emailed her or what. I was a little too surprised on the phone to think to ask. A few things have happened in my personal life recently where I feel like this particular contract wasn't meant to be & I'm not really willing to fight for it. The worst part is, no available AKL contracts look appealing to me right now. I'm just going to keep my eyes peeled.

With the amount of AKL contracts getting ROFRed lately, it may be a good idea to push back on Disney a little. If it were me, I'd be concerned that I'm going to end up paying even more once the AKL ROFRs are calmed down and I am ready to try again. How can they change their minds 2 1/2 weeks later? Let your broker press the issue for you.

 

[Paul Stupin]

Nice for you that already own, not so much for those of us still trying to get in. When we started the process of submitting offers, we were submitting at $120 per point on AKV listings. We have had four ROFR'd at this point, and are now offering $138+ per point to try and become DVC members. That's over a three month span! Not been fun watching it go up on us, but I will be happy once we own and see those steadily rising prices

With April’s highest ROFR price of $141, I would be concerned that $138 would get ROFRed as well. I know Disney can’t take everything, and I haven’t been following what’s been passing, though. But your strategy seems to be creating an endless ROFR spiral.

 

[RKS03]

I'm going to follow up with her via email and ask whether they emailed her or what. I was a little too surprised on the phone to think to ask. A few things have happened in my personal life recently where I feel like this particular contract wasn't meant to be & I'm not really willing to fight for it. The worst part is, no available AKL contracts look appealing to me right now. I'm just going to keep my eyes peeled.

It sure seems like a one time option for Disney. Once they waive it should be irreversible. What may have happened is a mistake from someone at Disney indicating it was waived when it shouldn’t have been. But that shouldn’t be your problem. Given all the contracts Disney can take I doubt this is a fight they’d want to make.

Is it possible the broker made an unfortunate mistake indicating it was waived when it wasn’t. If so I agree to leave it go but if as you indicate it was on Disney’s side it seems very odd to me.

 

[Sandisw]

UPDATE: Alohatok1986---$132-$30375-225-AKV-Oct-0/21, 0/22, 176/23- seller pays dues on est. 49 pts. for 2023, delayed close (10/20)- sent 4/14, passed 5/13. TAKEN 5/31

Has anyone ever had this happen? We got confirmation from our broker 5/13 that our contract had passed. Today she called me very distraught, saying Disney came back saying they were taking it. She was ready to dispute it & raise a fuss but I told her it's ok we're in no rush & it's obviously not her fault. I'm wondering if the delayed closing opened up the possibility/likeliness of this happening. It's all good, we'll find another.

I am sorry. I have to double check but I don’t think the language says anything that deals with this other than you can close after 30 days.

I assume they will simply say it’s a clerical error on their part and I do wonder if the delayed closing may have allowed them to reverse it.

The other piece is that the RoFR language is for the seller in terms of them being able to transfer it to someone else. I would guess they are the ones who might have to fight it and since the get paid either way, might not be willing to on your behalf?

I am sure a better one will come along for you.

ETA: I did just read the language and really, it just says they must notify you before closing that they will exercise and if they fail to, you can close the contract. So, I am not sure there is any recourse legally for them to have reversed their decision.