ROFR Thread January to March 2016 *PLEASE USE NEW THREAD*

[jmmess]

JEaley---$81-$11160-130-SSR-April-0/16, 130/17, 130/18- sent 2/15

Good luck!!

 

[hayesdvc]

In looking at this along with the previous ROFR threads it appears Disney does not historically buy back the small contracts. I have two questions:

1. In your opinion, is it strictly because of the premium price a small contract has or is it due to the point size?
2. Does anyone know when Disney buys back a contract, do those points simply go back into the overall Disney pool of points or if they buy back a 150 points contract, those 150 points continues to stand as a unique contract for Disney to sell?

 

[DisBuckMan]

In looking at this along with the previous ROFR threads it appears Disney does not historically buy back the small contracts. I have two questions:

1. In your opinion, is it strictly because of the premium price a small contract has or is it due to the point size?
2. Does anyone know when Disney buys back a contract, do those points simply go back into the overall Disney pool of points or if they buy back a 150 points contract, those 150 points continues to stand as a unique contract for Disney to sell?

I don't know the answer to #1, but on #2, my understanding is that the contract stands as is. I don't think Disney is allowed by the timeshare agreement to further break up or combine contracts to make them smaller or larger. I certainly bow to others' expertise on this subject, however.

 

[LisaS]

2. Does anyone know when Disney buys back a contract, do those points simply go back into the overall Disney pool of points or if they buy back a 150 points contract, those 150 points continues to stand as a unique contract for Disney to sell?

Disney can and does break up contracts and sell them off in smaller pieces as separate contracts. For example, if they bought back a 150-pointer at some resort and had people on the waiting list who wanted less than 150 points, they would break up the contract and sell it as multiple add-ons.

Disney can combine contracts only if those contracts are from the same Unit within the resort. Some of us here think this is why sometimes Disney lets a cheaper contract pass ROFR but then exercises ROFR on a more expensive one. If the more expensive contract is from a Unit they need (so they could combine it with other points from that same Unit they had in their inventory) they might opt to take that more expensive contract.

 

[jerseyduke]

jerseyduke---$87-$14493-150-VWL-AUG-0/15, 150/16, 150/17 - sent 1/27 --- passed 2/15

 

[jerseyduke]

In looking at this along with the previous ROFR threads it appears Disney does not historically buy back the small contracts. I have two questions:

1. In your opinion, is it strictly because of the premium price a small contract has or is it due to the point size?
2. Does anyone know when Disney buys back a contract, do those points simply go back into the overall Disney pool of points or if they buy back a 150 points contract, those 150 points continues to stand as a unique contract for Disney to sell?

#1. Until recently Disney has not been very aggressive in ROFR. They almost certainly ignore smaller contracts because of the premium. Unless a smaller contract is from a needed Residential Unit, I do not know that Dis will every take one. Until recently they barely took bigger contracts, unless the price was low. They have gotten more aggressive (since they raised the price of the 'classic' (2042) resorts.

#2. I am pretty sure Disney can break them up, it would be almost useless otherwise. Imagine calling to buy direct "yes, I want 150 Beach club points" ... "well, we can sell you 165, but not 150"

 

[Farps]

jerseyduke---$87-$14493-150-VWL-AUG-0/15, 150/16, 150/17 - sent 1/27 --- passed 2/15

Congrats, still waiting here. Getting anxious!!!

 

[jmmess]

jerseyduke---$87-$14493-150-VWL-AUG-0/15, 150/16, 150/17 - sent 1/27 --- passed 2/15

Congrats! Looks like yesterday was a big day for waivers!

 

[Rj122988]

Congrats, still waiting here. Getting anxious!!!

I'm with you today is day 28 and I don't think I can wait any longer!

 

[Franzenel]

24 days for us. The first 3 weeks I was like it will happen when it will happens. Now that it is getting closer to the end AAAHHHH.

 

[crazyventures]

I'm with you today is day 28 and I don't think I can wait any longer!

Day 28 here too. I can't wait any longer!

 

[jerseyduke]

Thanks. I was a little shocked, I really thought they would take this one due to the price per point. I also thought Tuesday tended to be the big day. I also had on my calendar to call next Tuesday, I am surprised I heard this week, I did not expect it to be this fast.

2 MK area resorts, now I have to start targeting other areas...and go ask for a raise

Best of luck to all those waiting!

 

[wn01aa]

jerseyduke---$87-$14493-150-VWL-AUG-0/15, 150/16, 150/17 - sent 1/27 --- passed 2/15

Congrats! Not even 3 weeks for ROFR.

 

[pangyal]

Laevson4712-- $82-$13120-160-AKV-AUG-1/15-5/16-160/17-sent 12 February 2016-seller to pay 2016, ROFR, and Estoppel fees.

Best of luck !

 

[pangyal]

amk43—$120-$20,903-160-BCV-SEP-160/16, 160/17, 160/18 - sent Jan 13

Still waiting! Starting to get nervous. Our first try at DVC resale.

That is taking a while, I hope they notify you soon! Sometimes the brokers are the ones who "forget" to tell you, though.

 

[pangyal]

jmmess---$124.67-$20470-150-VGF-DEC- 150/15, 150/16, 150/17, sent 2/15

LOL oh look, you're back on this thread

Good luck!!!

 

[pangyal]

Passed 2/15! Hopefully contract #2 is submitted today and that passes too!

Amazing, congrats ! It's impossible to have too much VGF lol.

 

[pangyal]

This is our first time buying DVC and we are so excited! Hopefully I did the layout correctly

Erin D --- $82-$11,361-133-VWL-DEC-0/16,133/17,133/18-Seller pays 2016 MFs - sent February 15

Absolutely perfect, and GREAT price ! Good luck!

 

[pangyal]

WDW Couple---$116-$5070-40-BWV-AUG-40/15, 40/16, 40/17- Sent to ROFR on 1/20/16 - Passed ROFR on 2/15

Contract cannot close until after July 5th which was agreed upon from the outset. 2015 points were banked already

Fantastic! Congratulations

 

[pangyal]

We also secured another smaller sized contract which now puts at the point level we were looking to be at (SSR/200, BWV/40 and VWL/50)

WDW Couple---$101-$5377-50-VWL-AUG-0/15, 50/16, 50/17- Sent to ROFR on 2/12/16

Buyer pays closing costs and 2016 MFs. Seller responsible for 2015 MFs

Best of luck with this one too !