ROFR Thread January to March 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[jwmob91]

Hoping a lot of folks get good news today/ this week. It's been a loooong three weeks for my house LOL

 

[ML_LovesDisney]

Hoping a lot of folks get good news today/ this week. It's been a loooong three weeks for my house LOL

It defintiley seems like a major slowdown since 1/15/2021!! Fingers crossed you get your good news soon. I'm hoping for estoppel to finally come through, it's been 24 days

 

[jwmob91]

It defintiley seems like a major slowdown since 1/15/2021!! Fingers crossed you get your good news soon. I'm hoping for estoppel to finally come through, it's been 24 days

Ugh I hate that for you!

I bought a contract last year during shutdown (April-ish?) and both ROFR and estoppel only took like 10 days each. My long hurdle then was waiting for them to show up on my membership. I think it was like a month or so until they appeared on my account. I find it fascinating how different parts of the timeline vary contract to contract. I'm a very logical person and know there really is no rhyme or reason...but my brain doesn't want to accept it.

 

[hilltopper152]

We are in the same BLT boat, mine went into ROFR last week. We had our first contract taken, there are few posters that have had multiple BLT contracts taken. It definitely delays the process but you just go back out and get another contract.

I saw the report for Jan and was surprised ha I would not be too upset but thought it was a good deal and fit what I needed perfectly. Cannot seem to put a thumb on what is selling exactly... points maybe or is it just price. They may have bought a bunch of contracts to jack up the price because it did get lower in the fall.

 

[Cartman3132]

Ugh I hate that for you!

I bought a contract last year during shutdown (April-ish?) and both ROFR and estoppel only took like 10 days each. My long hurdle then was waiting for them to show up on my membership. I think it was like a month or so until they appeared on my account. I find it fascinating how different parts of the timeline vary contract to contract. I'm a very logical person and know there really is no rhyme or reason...but my brain doesn't want to accept it.

I get they want to give it a couple of days to see if there's any direct buyers but the timeline is soooooo long. You would think even a 2 person ROFR dept could signoff on 50 a day.

 

[ValW]

I'm hoping for estoppel to finally come through, it's been 24 days

Just received closing docs for my Grand Cali contract (passed ROFR on 1/19). Hopefully you'll be hearing something soon!!

 

[gisele2]

Hey all! Eeeek my first time on the boards and first time buying dvc so I’m a total newb. My in laws own but I’m trying to get myself acclimated. We just put an offer in and had it accepted by the seller today. $102-$17953-160-SSR-DEC-160/20, 160/21, 160/23

hope I’m doing this correct

Welcome

 

[michael730]

Sorry if this is a bit unrelated to this thread. But, for those who have bought resale before and used fidelity: How do you find out whether or not you passed ROFR? Is it by email I presume? And does the agent or the title company typically reach out? Thanks in advance just curious

 

[gisele2]

Sorry if this is a bit unrelated to this thread. But, for those who have bought resale before and used fidelity: How do you find out whether or not you passed ROFR? Is it by email I presume? And does the agent or the title company typically reach out? Thanks in advance just curious

They sent a email and tried to reach me by phone also .

 

[michael730]

They sent a email and tried to reach me by phone also .

Thanks for your answer to my question. Was this the title company or fidelity or sent the email/call?

 

[dbtex83]

Sorry if this is a bit unrelated to this thread. But, for those who have bought resale before and used fidelity: How do you find out whether or not you passed ROFR? Is it by email I presume? And does the agent or the title company typically reach out? Thanks in advance just curious

For both of my contracts with Fidelity, the ROFR notice came from the title company via email.

 

[Mouse511]

Hilltopper152---$152-$26194-160-BLT-Jun-0/19, 0/20, 310/21, 160/22- sent 2/7

Hope this passes as I am getting nervous after seeing how much BLT has been bought.

Our BLT got taken at 150 - hope that 150 is/was the cutoff and 152 passes. We have our new one in at 168...hope that one passes or we are all in trouble.

 

[hilltopper152]

Our BLT got taken at 150 - hope that 150 is/was the cutoff and 152 passes. We have our new one in at 168...hope that one passes or we are all in trouble.

That is a bummer. I think I saw 152 as highest they took in Jan so far but average sale price of 154. Of course there are variables like points and closing cost but feel both our offers were on the edge. If Disney pushes price that high I will simply walk away. The prices are already insane versus value in my opinion. I believe buyback is high because direct is doing so poor.

 

[Paul Stupin]

That is a bummer. I think I saw 152 as highest they took in Jan so far but average sale price of 154. Of course there are variables like points and closing cost but feel both our offers were on the edge. If Disney pushes price that high I will simply walk away. The prices are already insane versus value in my opinion. I believe buyback is high because direct is doing so poor.

Don’t quite understand what you mean when you say “prices are already insane vs. value.” Resale prices? Direct prices? If you’re referring to resale prices, I just don’t think you’re correct. How are you determining value?

 

[hilltopper152]

Don’t quite understand what you mean when you say “prices are already insane vs. value.” Resale prices? Direct prices? If you’re referring to resale prices, I just don’t think you’re correct. How are you determining value?

Well both fit my definition of insane far as price goes. The price has rose dramatically more versus the dollar and other comparable inflation measures yet the perks and value of membership is more stripped than ever. At resale price we can stomach it but the "value" of paying so much upfront (opportunity cost) and still paying highest timeshare dues means it has thinner margins of value. The payback on such investment is now farther down the road versus historical propositions. Every $1k sunk in it adds more risk and time to a breakeven point. Value is measured by dollar bills as one can vacation to disney without owning as many have so the only reason to buy would be for savings and perks if any.

 

[Paul Stupin]

Well both fit my definition of insane far as price goes. The price has rose dramatically more versus the dollar and other comparable inflation measures yet the perks and value of membership is more stripped than ever. At resale price we can stomach it but the "value" of paying so much upfront (opportunity cost) and still paying highest timeshare dues means it has thinner margins of value. The payback on such investment is now farther down the road versus historical propositions. Every $1k sunk in it adds more risk and time to a breakeven point. Value is measured by dollar bills as one can vacation to disney without owning as many have so the only reason to buy would be for savings and perks if any.

So I guess what you're saying is that resale isn't a good value because of the high dues. I think in the long term, though, the savings can be considerable still.

 

[hilltopper152]

So I guess what you're saying is that resale isn't a good value because of the high dues. I think in the long term, though, the savings can be considerable still.

Dues are same for direct or resale. Resale just allows us to get in cheaper with a few limitations to our "perks". In the long term it is a good deal on paper and that is why we buy. The more money up front and every year for dues just pushes the curve farther out into the future. That breakeven point is farther away than ever before so that is were the risk is from a personal finance standpoint. I am obviously shopping and hoping to be a member but I do see the fact that this is a big decision unless I was someone with money to blow.

 

[smisale]

rack rates are climbing too park price have gone up. I agree unless you have the money saved to purchase it.
but the saving is still there for sure at least in my family. I take 6 of us including my grandson(which is picture left)
and I still fork out 6800 for a week. my resort AKV in December 2020 cost me 18,000 and dues are 1400 a year I add that up and I get
3-3 1/2 years and I get my money back and after that 1500 a year. I know that will go up but so will everything else

 

[michael730]

Dues are same for direct or resale. Resale just allows us to get in cheaper with a few limitations to our "perks". In the long term it is a good deal on paper and that is why we buy. The more money up front and every year for dues just pushes the curve farther out into the future. That breakeven point is farther away than ever before so that is were the risk is from a personal finance standpoint. I am obviously shopping and hoping to be a member but I do see the fact that this is a big decision unless I was someone with money to blow.

Keep in mind when making a decision to buy into dvc that dvc is one of the only timeshares that maintains its value as time progresses. I have been looking into purchasing for about 4 years now and the resale values of all the resorts have all increased (not that it’s surprising with inflation over pricing of things over time). That’s what finally sold me on making an offer, I’m not through yet (waiting on ROFR) but if you’re planning on going to Disney every year and like staying at the higher end resorts it’s definitely something to consider. No the system isn’t perfect availability wise (which is why I took so long to submit an initial offer) but depending on your situation and flexibility you can make it work. The dues aren’t cheap for sure but how I look at it is that the dues on a contract of 100 points a year are cheaper than staying at a moderate resort for 3/4 nights. Where with 100 points depending on the resort you can get a week out of it at some resorts or even more (take old key west studios or boardwalk standard studios at 10 points a night during some times). But again, the reason I finally pulled the trigger was Bc I know that if I decided I didn’t care for it in day 5 years, I could always sell it. I feel like that’s not going to be the case and I’ll probably end up loving it but who knows! I just wanted to offer my insight as someone who recently pulled the trigger (as I mentioned I’m not out of the woods as far as being in yet waiting on Disney to approve or deny my contract which I’m hoping for the go from them ). Good luck w your decision!

 

[hilltopper152]

rack rates are climbing too park price have gone up. I agree unless you have the money saved to purchase it.
but the saving is still there for sure at least in my family. I take 6 of us including my grandson(which is picture left)
and I still fork out 6800 for a week. my resort AKV in December 2020 cost me 18,000 and dues are 1400 a year I add that up and I get
3-3 1/2 years and I get my money back and after that 1500 a year. I know that will go up but so will everything else

Yeah there is value and if you spend money like that it will show fast. 18k for a trip is not in my realm but hoping that we can find that value considering we are going to go much more now that we have a newborn girl.