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

[thebigman65]

thebigman65---$144-$29615-200-BLT-Feb-0/20, 0/21, 200/22, 200/23- sent 1/15 - Taken 1/29

Bummer! 2 BLT contracts in row taken......

 

[gisele2]

thebigman65---$144-$29615-200-BLT-Feb-0/20, 0/21, 200/22, 200/23- sent 1/15 - Taken 1/29

Bummer! 2 BLT contracts in row taken......

What is happening ? I did not look at his forum for one month and WDW is taking everything ? Really glad I bought this summer . I had a of a deal ... really sorry for you .

 

[gisele2]

DisneyMom_3---$137-$28006-190-PVB-Aug-0/19, 0/20, 190/21, 190/22- sent 1/21, TAKEN 1/29

So sorry for you . I know there is a lot of work behind each contract sent to ROFR .

 

[gisele2]

Seeing all the contracts taken reduces my hope that my $97 pp for 110 pt SSR contract has little shot of passing....

They can not buy back everything , have a little hope .

 

[michael730]

To anyone who’s been involved with threads such as these or has paid attention to the ROFR for a while say whether it seems that Disney tends to buy back larger point contracts versus smaller point contracts? Does anyone find that to be more common or is it really a mix of both? When I say larger I mean like 200 point plus (not that it’s that large but large to me haha)

 

[DaveNan]

Remember ROFR is not a random process and is primarily based on filling orders for sold out resort direct purchases

Exactly! With future resorts being delayed, DVC will be trying to stretch the Riv points. They have already started to more actively market sold out resorts. The guides used to steer you away from sold out resorts, now even the website advertises you can buy at any of the resorts, including the sold out resorts. For every person who decides to buy sold out resorts directly from DVC, that number of points will be taken in ROFR. I don't fault those folks for their decision, either the exact UY, number of points, they want to avoid the time and emotion of the secondary market, or they value the direct benefits (can use at all resorts, current and future, discounts, special events.....). But, know that every person on these boards that shares the information that they decided to buy points at a sold out resort directly from DVC means someone will get points taken in ROFR. Over the years DVC has adjusted the policy (split and combine points as well as switch UY) so they can grab the cheapest points. It just comes down to the short term need based on direct buyers and maybe the point status. If Disney is sitting on points and can't get cash for the rooms at a resort they may prefer "stripped" contracts. If they need points, because direct points come at current status (neither loaded nor stripped), they may prefer loaded contracts.

 

[bookwormde]

thebigman65---$144-$29615-200-BLT-Feb-0/20, 0/21, 200/22, 200/23- sent 1/15 - Taken 1/29

Bummer! 2 BLT contracts in row taken......

sorry that you lost this one, but it is a good example that sale price and points are not the only factors

It may be that they had an order for a 200 point contract and this saved them combining points and creating a new composite sourced deed, it could be that there was a rush of BLT orders so they just grabbed what was available this week, there may have been other factors that we do not understand or some combination of factors. When we get the monthly reports for direct sales we may get some indication for this week's ROFR rush and the unusual patter, then again we may not.

 

[bookwormde]

To anyone who’s been involved with threads such as these or has paid attention to the ROFR for a while say whether it seems that Disney tends to buy back larger point contracts versus smaller point contracts? Does anyone find that to be more common or is it really a mix of both? When I say larger I mean like 200 point plus (not that it’s that large but large to me haha)

I think that this a a factor of larger point contracts have the lowest sale prices resle

 

[JETSDAD]

I've often wondered why they don't buy back all the very large contracts as they can get a great price and then break it into smaller pieces. They don't seem to do that though and there really is no way of knowing exactly why they buy some and leave others.

 

[Brianstl]

They can not buy back everything , have a little hope .

They will reach a point when they fill their waiting list and lose the incentive to buy back.

 

[bookwormde]

I've often wondered why they don't buy back all the very large contracts as they can get a great price and then break it into smaller pieces. They don't seem to do that though and there really is no way of knowing exactly why they buy some and leave others.

I have seen them taken but it not a frequent as the 200 to 400 size. I think it is a good indication that DVD does not like to carry significant unsold inventory and/or they want to have enough "room" to pick of the smaller below market contracts

 

[mommy2allyandaveri]

My broker told me Disney bought back 25 of their contract yesterday, mine was one of the largest.

My seller had agreed to pay the fees, do you guys think that has anything to do with ROFR?

 

[whitters3]

whitters3---$130-$21648-150-PVB-Mar-71/20, 150/21, 150/22- sent 1/15 taken 1/30

Definitely surprised by this one. We clearly could not have submitted this at a worse time. We are going to wait a while now before we submit again just to see where Disney is headed in the future due to COVID and with DVC.

 

[poofyo101]

sorry that you lost this one, but it is a good example that sale price and points are not the only factors

It may be that they had an order for a 200 point contract and this saved them combining points and creating a new composite sourced deed, it could be that there was a rush of BLT orders so they just grabbed what was available this week, there may have been other factors that we do not understand or some combination of factors. When we get the monthly reports for direct sales we may get some indication for this week's ROFR rush and the unusual patter, then again we may not.

Not sure I agree as they have bought back a few even higher than 144. The threshold of them buying just increase it seems. Could be totally wrong.

 

[poofyo101]

My broker told me Disney bought back 25 of their contract yesterday, mine was one of the largest.

My seller had agreed to pay the fees, do you guys think that has anything to do with ROFR?

The price is the biggest factor. if they pay the fees the price becomes less.

 

[poofyo101]

They also seem to rotate the focus on resorts as well.
Right now AKV they have not been buying back. will change in the coming weeks/months.
VGF was also fairly hot for them to buy back a few months ago and seems to have slowed down now.
Right now BLT is a hot buy back it seems.

 

[Chrisdriscoll]

Really hope you are right they are not buying back AKV right now. Fingers crossed

 

[Ginamarie]

Unless there is a specific message on the board that states "only asking price will be accepted," then I'm going to assume that it is broker driven. However, I think there are exceptions. I personally questioned this with a small 25 point OKW that was priced almost at direct pricing, (at least in my mind). I made what I thought was a reasonable offer, and the realtor stated that the seller turned down an offer a tad higher than mine. I can understand the explanation and respect that the realtor is passing along the seller's wishes. at 25 points, there isn't a lot of commission lost by selling less than the asking price. That was 2 weeks ago, and the listing is still there, and I think that $140 per point for OKW 2042 is still very high. Direct is 165. I realize that $625 in my favor is the difference, but that's not going to sway me due to the time it takes for the entire resale process and the fact that 15% will virtually disappear after closing. Direct would be immediate and a non-issue at this price.

$140 for OKW 2042 is ridiculous. Not only is it close to the direct pricing, but the direct pricing goes until 2057!

Some sellers are stubborn and want to get a certain price.

 

[CSLucas]

They also seem to rotate the focus on resorts as well.
Right now AKV they have not been buying back. will change in the coming weeks/months.
VGF was also fairly hot for them to buy back a few months ago and seems to have slowed down now.
Right now BLT is a hot buy back it seems.

I hope you're right about VGF- we have 2 contracts in ROFR for there right now.

 

[mrmagpi]

mrmagpi---$160-$25805-150-BLT-Dec-300/20, 150/21, 150/22- sent 1/18

Hoping they pass on this loaded contract at BLT. Nervous!

Update 1/30/21: There is no update.