ROFR Thread January to March 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[TexasChick123]

crvetter---$208-$16766-75-VGC-Dec-0/17, 75/18, 75/19, 75/20-2018 Pts Banked 2017- sent 1/25, passed 2/28

Got the news minutes ago, so my updated string is above. Glad this one went through after the BCV contract we submitted was taken. Not super cheap but I really wanted DVC at DLR as much as a guarantee as possible, so that came at a cost. Plus didn't want nor need a large contract. Also didn't care much about the Use Year since these are exclusively going to be used for VGC.

Congrats. I love VGC’s location! We’ll be there in the fall, and I cannot wait!!!

 

[rundisney79]

Then why are they taking so many stripped contracts? Do they have points they can "add" kinda OTU to stripped contracts?

Sure! They can play with points however they want. They have inventory they can take from. Stripped contracts are great for them. The owners have already paid the dues for the points. So it is a win win for them. And since stripped contracts are usually a lower pricw point they win there too.

 

[heynowirv]

Good luck - I had a 230 pt $97 stripped contract taken in December. But who knows. That good luck was sincere not a smart alecky remark.

Understood

 

[heynowirv]

Good luck - I had a 230 pt $97 stripped contract taken in December. But who knows. That good luck was sincere not a smart alecky remark.

Have you moved on to another contract yet?

 

[Bryan Burmeister]

Oh bummer! We just submitted our 120 point AKV contract with banked 2018 points. Good luck on your next one! Hope somehow we squeak through ROFR.

Wow this one looks like a case of the drunken monkey

 

[4luv2cdisney]

I have a difficult time believing they have lists of folks waiting to pay up to $225 per point for DVC. I think they expect more sales maybe due to the changes in limitations for resale. However if you have already purchased direct points it is a moot point you do not loose the benefits on your direct points.

Well.... I've been on waitlist for some BLT points since before the price increase and I haven't gotten a call yet. So, somebody's buying what they're taking. If everyone was saying "pass" I think I would have gotten a call by now. I do understand they can't sell stripped contracts, but still. I've gotten calls for SSR and BWV in the meantime. I think a lot of people want small add ons and the resale savings is less significant on small contracts.

I considered calling to be taken off the waitlist, but I'm curious to see how long it takes. I don't plan on paying $225.

Also, I do have 2 relatives that just purchased AKV direct, but they were first time buyers and want benefits including the ability to be able to trade into new resorts. I feel like this board is the Budget Board 2.0 (lol) and we're all very concerned about price. Not everyone is.

 

[4luv2cdisney]

Sure! They can play with points however they want. They have inventory they can take from. Stripped contracts are great for them. The owners have already paid the dues for the points. So it is a win win for them. And since stripped contracts are usually a lower pricw point they win there too.

They can't sell stripped contracts until the points are available.

 

[KPeterso]

crvetter---$208-$16766-75-VGC-Dec-0/17, 75/18, 75/19, 75/20-2018 Pts Banked 2017- sent 1/25, passed 2/28

Got the news minutes ago, so my updated string is above. Glad this one went through after the BCV contract we submitted was taken. Not super cheap but I really wanted DVC at DLR as much as a guarantee as possible, so that came at a cost. Plus didn't want nor need a large contract. Also didn't care much about the Use Year since these are exclusively going to be used for VGC.

Welcome home to VGC. I own 2 contracts there and love it there. FYI - closing at VGC takes a little longer as they have to use CA lawyer and people for it. That was a surprise I was not expecting when I bought my resale contract there!

 

[ZYX2008]

Wow 41 days that's crazy! Any word yet? Hopefully positive. Pixie dust your way.

Nope - but my situation is entirely the broker's fault. I think they failed to communicate back to Disney when Disney was asking questions about my contract. And they still haven't told me exactly what happened. From what I can gather, at some point the Seller signed an addendum to our contract (which we never saw) and then there was some back and forth about the number of points available under my contract. I didn't find out about these issues until last Monday/Tuesday (despite numerous phone calls and several assurances that everything was fine). During this same conversation, they also told me that my 30-day period didn't start until last Monday (the 18th) even though my contract was submitted on January 9th originally (and, therefore, I'm grandfathered in). I was told that Disney is expediting my contract for what it's worth and that chances are I'm going to be fine because Disney "never" takes contracts that they ask questions about. I'm beyond frustrated at this point and will never again use/recommend this broker. They have not called me once with an update. I've had to initiate all communications. It's been a terrible experience.

 

[TexasChick123]

They can't sell stripped contracts until the points are available.

I think he meant that they can take points from stripped contracts they bought a year ago and bundle them a different way to make the contract whole. For example, if they bought a Feb contract in 2018 with no points until 2019, then they can repackage those points by breaking apart all those contracts and just putting all the points into their inventory and pulling whatever points they need out to sell a contract.

 

[TexasChick123]

Nope - but my situation is entirely the broker's fault. I think they failed to communicate back to Disney when Disney was asking questions about my contract. And they still haven't told me exactly what happened. From what I can gather, at some point the Seller signed an addendum to our contract (which we never saw) and then there was some back and forth about the number of points available under my contract. I didn't find out about these issues until last Monday/Tuesday (despite numerous phone calls and several assurances that everything was fine). During this same conversation, they also told me that my 30-day period didn't start until last Monday (the 18th) even though my contract was submitted on January 9th originally (and, therefore, I'm grandfathered in). I was told that Disney is expediting my contract for what it's worth and that chances are I'm going to be fine because Disney "never" takes contracts that they ask questions about. I'm beyond frustrated at this point and will never again use/recommend this broker. They have not called me once with an update. I've had to initiate all communications. It's been a terrible experience.

Yikes!!! Who is your broker?

 

[rundisney79]

I think he meant that they can take points from stripped contracts they bought a year ago and bundle them a different way to make the contract whole. For example, if they bought a Feb contract in 2018 with no points until 2019, then they can repackage those points by breaking apart all those contracts and just putting all the points into their inventory and pulling whatever points they need out to sell a contract.

Exactly! They can break apart, combine, divide. I am sure they have magic pixie dust to make points appear as well. I understand that we would be horrified by this - but let’s be honest - I know I have no way of policing them. I am sure there is a loop hole for this.

 

[ZYX2008]

Yikes!!! Who is your broker?

Fidelity. I know others have had good experiences, but they've been beyond horrible for me. I think it must be the particular individual that I'm working with.

 

[arminnie]

Have you moved on to another contract yet?

No - let me clarify - I was the seller on this contract. I'd have preferred for the buyer to have gotten it - just because I bought it resale and know how it is to be on that side of the fence.

One more thing that is in your favor - mine was an extended OKW.

 

[lovin'fl]

Then why are they taking so many stripped contracts? Do they have points they can "add" kinda OTU to stripped contracts?

Yes, I think. Maybe they have a surplus of their own points for 2018 and 2019.

 

[iheartglaciers]

Fidelity. I know others have had good experiences, but they've been beyond horrible for me. I think it must be the particular individual that I'm working with.

It seems like one broker is really good and the other isn't the best. Mine never told me that my contract had been taken. I got my deposit check back in the mail and called her! My ROFR letter was sitting in a pile on her desk and she hadn't read it yet!

 

[TexasChick123]

Exactly! They can break apart, combine, divide. I am sure they have magic pixie dust to make points appear as well. I understand that we would be horrified by this - but let’s be honest - I know I have no way of policing them. I am sure there is a loop hole for this.

BTW, I don't know why I assumed you were a "he". If you are a woman, I apologize.

 

[FRANKTSJR]

If DVC buys a contact through ROFR, does the Broker still get their commission?

 

[MB_01]

Fidelity. I know others have had good experiences, but they've been beyond horrible for me. I think it must be the particular individual that I'm working with.

Uh. You willing to name names? Just wondering what I am in for here!

 

[lovin'fl]

Fidelity. I know others have had good experiences, but they've been beyond horrible for me. I think it must be the particular individual that I'm working with.

The one time we tried to buy through Fidelity we had issues too and our contract was cancelled after it had been in ROFR for 8 days. They get a lot of distressed contracts that DVC refers to them. That's why they tend to have good deals in my opinion.