ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Billy_Anzovino]

Reposting because it looks like my earlier post got missed in the update

Kabby---$115-$6705-50-AKV-Mar-0/22, 100/23, 50/24, 50/25- sent 4/6

Watching for yours too go though. Mines a day after so hopefully soon.

 

[Epcot Forever Forever]

Brokers benefit from having the real-time information, and always pricing contracts above market value. Whereas we have to depend on their reports which often lag the market by at least one month. In a hot market their list prices look reasonable compared to the lagged reports and upward trend. In the current market they can point to data averaged over the last few months and paint a rosier picture. That's why this thread is so valuable as we're able to share information in real-time and arguably get a better perspective on the whole market, rather than being limited to just one broker's business. Although it's probably the case that this thread's data suffers from some selection bias as those participating in the thread and most-likely to post their results are also those most-likely to have gotten the best deals.

Another thing that bothers me about the reports some brokers publish, is that they don't discuss their methodology. How are they accounting for the time-value of money, banked points, waived dues and/or closing costs, use year desirability, contract size? I think the answer is that they're probably not accounting for any of that, which is problematic.

Fidelity does a report by contract size. I haven’t seen others do that, or do any other measures. Loadedness of contract likely explains a lot of monthly variances but shouldn’t be too meaningful in terms of multi-month trajectory.

 

[DonMacGregor]

Still no word here on my Aulani sent in on 4/4 . The ROFR Monster must REALLY be in hibernation now.

 

[richeql]

Waiting on two:
richeql---$90-$16457-160-SSR-Jun-0/22, 160/23, 160/24- sent 4/10
richeql---$102-$16665-150-SSR-Jun-0/22, 72/23, 150/24- sent 4/12

 

[mndisfam]

I find all the speculation on the current resale climate interesting. I thought I’d add my perspective as one of the many sellers. I think we may be typical of quite a few sellers.

We’re selling some of our points. Our family has changed and we want to try other types of vacations. As of now, we plan to keep some points for occasional trips back. We’re not ditching Disney, we’re just going to vacation there less. (We’ve owned since 2003.)

As someone has pointed out, we’re in no hurry. I hope it all sells within the year. Send us a reasonable offer, we’ll accept it. So far, we’ve sold 2 contracts at reasonable offers. We got an offer on a 3rd contract that was more than 50% less. That we refused out of hand.

We’ve been happy working with our broker and the title company. It makes me happy when I think of ”our” points going to families that will have future years of great vacations and memories. I hope they enjoy it all like we did.

We weren’t insulted at the lowball offer, we scoffed at it and rejected it instantly. I don’t blame someone for trying, no matter how ridiculous. There’s no feelings in any of this.

In our minds, there’s a range we’ll accept. If not, we’ll wait.

 

[Willow1213]

I find all the speculation on the current resale climate interesting. I thought I’d add my perspective as one of the many sellers. I think we may be typical of quite a few sellers.

We’re selling some of our points. Our family has changed and we want to try other types of vacations. As of now, we plan to keep some points for occasional trips back. We’re not ditching Disney, we’re just going to vacation there less. (We’ve owned since 2003.)

As someone has pointed out, we’re in no hurry. I hope it all sells within the year. Send us a reasonable offer, we’ll accept it. So far, we’ve sold 2 contracts at reasonable offers. We got an offer on a 3rd contract that was more than 50% less. That we refused out of hand.

We’ve been happy working with our broker and the title company. It makes me happy when I think of ”our” points going to families that will have future years of great vacations and memories. I hope they enjoy it all like we did.

We weren’t insulted at the lowball offer, we scoffed at it and rejected it instantly. I don’t blame someone for trying, no matter how ridiculous. There’s no feelings in any of this.

In our minds, there’s a range we’ll accept. If not, we’ll wait.

I think that's a VERY reasonable standpoint as a seller. The key is pricing it appropriately based on the market, just like any other real estate. It will sell if it's the right contract at the right price.

 

[wilkydelts]

I find all the speculation on the current resale climate interesting. I thought I’d add my perspective as one of the many sellers. I think we may be typical of quite a few sellers.

We’re selling some of our points. Our family has changed and we want to try other types of vacations. As of now, we plan to keep some points for occasional trips back. We’re not ditching Disney, we’re just going to vacation there less. (We’ve owned since 2003.)

As someone has pointed out, we’re in no hurry. I hope it all sells within the year. Send us a reasonable offer, we’ll accept it. So far, we’ve sold 2 contracts at reasonable offers. We got an offer on a 3rd contract that was more than 50% less. That we refused out of hand.

We’ve been happy working with our broker and the title company. It makes me happy when I think of ”our” points going to families that will have future years of great vacations and memories. I hope they enjoy it all like we did.

We weren’t insulted at the lowball offer, we scoffed at it and rejected it instantly. I don’t blame someone for trying, no matter how ridiculous. There’s no feelings in any of this.

In our minds, there’s a range we’ll accept. If not, we’ll wait.

What was your price per point? Was was the offer?

Did the broker say anything to you or just give you the offer? That part has a ton to do with this overall conversation.

 

[Epcot Forever Forever]

 

[Bambi19]

I told myself that I would not be impatient. I've already bought two resale contracts, and I checked my computer every five seconds the entirety of the process both times. This time I'm not in a rush, I don't really need the points for anything soon, nothing is expiring anytime soon, and yet here I am AGAIN checking my email constantly.

 

[Galactic Reversal]

Fidelity does a report by contract size. I haven’t seen others do that, or do any other measures. Loadedness of contract likely explains a lot of monthly variances but shouldn’t be too meaningful in terms of multi-month trajectory.

Thanks, I'll have to look for the Fidelity report. Agreed, the overall trend is still captured in the published reports. It's problematic when brokers start pointing to them as an accurate representation of current pricing, especially now without ROFR activity and prices dropping so quickly. I know at least one broker/company that does this.

 

[Billy_Anzovino]

I feel like the past few days have been very quiet from ROFR

 

[kmm227]

My offer was just accepted. Going through all of the items right now but we are excited. This will be our first contract overall.

 

[disney-inspired]

I feel like the past few days have been very quiet from ROFR

It looks like they're working in batches.

 

[Sandisw]

I find all the speculation on the current resale climate interesting. I thought I’d add my perspective as one of the many sellers. I think we may be typical of quite a few sellers.

We’re selling some of our points. Our family has changed and we want to try other types of vacations. As of now, we plan to keep some points for occasional trips back. We’re not ditching Disney, we’re just going to vacation there less. (We’ve owned since 2003.)

As someone has pointed out, we’re in no hurry. I hope it all sells within the year. Send us a reasonable offer, we’ll accept it. So far, we’ve sold 2 contracts at reasonable offers. We got an offer on a 3rd contract that was more than 50% less. That we refused out of hand.

We’ve been happy working with our broker and the title company. It makes me happy when I think of ”our” points going to families that will have future years of great vacations and memories. I hope they enjoy it all like we did.

We weren’t insulted at the lowball offer, we scoffed at it and rejected it instantly. I don’t blame someone for trying, no matter how ridiculous. There’s no feelings in any of this.

In our minds, there’s a range we’ll accept. If not, we’ll wait.

I think that's a VERY reasonable standpoint as a seller. The key is pricing it appropriately based on the market, just like any other real estate. It will sell if it's the right contract at the right price.

Since we don't allow people to post things here that are for sale, even when listed with a broker, so it was wise for @mndisfam not to have included the details....so not sure they will be able to answer your question without details of the contract...

 

[JenniLuvsDisneyWorld]

The strangest thing just happened. I have an email with closing instructions and paperwork from Mason Title, but our agent NEVER contacted us to let us know we passed RoFr. Has this happened to anyone else before? We purchased through dvc by resale.

I guess congrats to us, we must’ve passed RoFr at some point

 

[Epcot Forever Forever]

The strangest thing just happened. I have an email with closing instructions and paperwork from Mason Title, but our agent NEVER contacted us to let us know we passed RoFr. Has this happened to anyone else before? We purchased through dvc by resale.

I guess congrats to us, we must’ve passed RoFr at some point

Hooray!

 

[ClaraOswald]

The strangest thing just happened. I have an email with closing instructions and paperwork from Mason Title, but our agent NEVER contacted us to let us know we passed RoFr. Has this happened to anyone else before? We purchased through dvc by resale.

I guess congrats to us, we must’ve passed RoFr at some point

Just be sure to look up the phone number for Mason and verify the instructions before sending any money.

I'd also contact the broker just to ask what day it passed ROFR for curiosity sake.

Congratulations!

 

[JenniLuvsDisneyWorld]

Just be sure to look up the phone number for Mason and verify the instructions before sending any money.

I'd also contact the broker just to ask what day it passed ROFR for curiosity sake.

Congratulations!

Good advice, thanks!
I emailed my broker to double check. I’ll post back what she says.

 

[sndral]

The strangest thing just happened. I have an email with closing instructions and paperwork from Mason Title, but our agent NEVER contacted us to let us know we passed RoFr. Has this happened to anyone else before? We purchased through dvc by resale.

I guess congrats to us, we must’ve passed RoFr at some point

Yep, years ago, my first contract, got the email w/ closing instructions from Cammie so I called & asked ‘does this mean I passed ROFR?‘ .

 

[CeiliDancer]

CeiliDancer---$150-$9981-60-BLT-Jun-0/21, 0/22, 60/23, 60/24- sent 4/8