ROFR Thread July to Sept 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Cyberc1978]

So how does Disney make money purchasing a stripped contract that has no current points available for a direct buyer to use? Are they sitting on these contracts waiting for future points to become available before selling (seems unlikely), or are they selling these contracts with current use year points available to the buyer? I know they can change the use year when they exercise ROFR, but are they also making these contracts whole again for the new direct buyer, and if they are, where are they pulling the points from?

My understanding is (might not be entirely correct) is that they can change the UY of the points and then apply them to other contracts that are stripped, and by doing so a stripped contract is now loaded/whole again

 

[T-i-double-guh-er]

So how does Disney make money purchasing a stripped contract that has no current points available for a direct buyer to use? Are they sitting on these contracts waiting for future points to become available before selling (seems unlikely), or are they selling these contracts with current use year points available to the buyer? I know they can change the use year when they exercise ROFR, but are they also making these contracts whole again for the new direct buyer, and if they are, where are they pulling the points from?

What I have read is that Disney is required to own 2% of each resort. They can buy stripped contracts and count them towards that requirement, then sell contracts they already owned that have current points, while maintaining their 2%. This way they also get out of paying the maintenance fees on these points, since the fees for stripped points are usually in the contract as the seller’s responsibility.

 

[What-r-ya Goofy?]

What I have read is that Disney is required to own 2% of each resort. They can buy stripped contracts and count them towards that requirement, then sell contracts they already owned that have current points, while maintaining their 2%. This way they also get out of paying the maintenance fees on these points, since the fees for stripped points are usually in the contract as the seller’s responsibility.

It makes me wonder who is monitoring these transactions. It seems too easy to take a stripped contract and turn around and sell it fully loaded. Who's to know?

 

[motherof5]

Sure did! Just heard back today that we passed. Although, now the real waiting begins - closing with First American.

Congratulations

 

[motherof5]

Disney_Bliss---$99-$29375-270-OKW-Apr-270/18, 270/19, 270/20, 270/21- sent 7/24

Wow. Great contract with all 2018 pts. Good luck!

 

[motherof5]

Anuhea35---$107-$17861-160-AKV-Dec-0/18, 235/19, 160/20- sent 7/10, passed 7/24

Great deal. Congratulations

 

[motherof5]

Dtw002---$100-$16828-160-AKV-Mar-0/18, 0/19, 160/20, 0/21-Sell pay 2020 MF- sent 7/25

I never thought to ask seller to pay MF when I bought. Seems more people are doing that. Smart on your part. Good luck. I love AKV

 

[The Jackal]

I never thought to ask seller to pay MF when I bought. Seems more people are doing that. Smart on your part. Good luck. I love AKV

The points for 2019 are all gone they buyer would never pay MF on points that the previous owner used. 2020 MF’s are not out.

 

[badeacon]

UPDATE on PVB contract:

Tony McQ---$130-$13674-100-PVB-Feb-0/18, 0/19, 100/20, 100/21-Closing 01/05/20- sent 7/11, passed 7/26
[/QUOTE
Congratulations, I also just had PVB pass at $130 early last month. Really looks like Disney is not looking for PVB at all. Time to load up!!








4130

 

[805disney]

So how does Disney make money purchasing a stripped contract that has no current points available for a direct buyer to use? Are they sitting on these contracts waiting for future points to become available before selling (seems unlikely), or are they selling these contracts with current use year points available to the buyer? I know they can change the use year when they exercise ROFR, but are they also making these contracts whole again for the new direct buyer, and if they are, where are they pulling the points from?

Think of it this way. They are already marking it up huge when they sell to a direct buyer. So they are paying today’s prices for the points which they don’t have to pay mf on and then can turn around and sell them a year or 2 from now at even higher prices. There is no cost to Disney to carry these points sine the mf have already been paid by the seller. Also stripped contracts usually sell for cheaper than o e with points available immediately

 

[Katie2]

I feel foolish now that I paid $135, but I agree they are completely ignoring PVB while fighting tooth and nail anything under 145 for GFV and BLT

 

[805disney]

I suspect most of it has to do with current direct customer demand. I am sure if there is a super sweet deal they are gonna scoop it up but they don’t want to be stuck holding to many points hoping someone will buy them. While the recent change in abilities that allows Disney to change the use year only helps them with direct sales this means that there are no longer use years which are harder to get through rofr

 

[Doberge]

I feel foolish now that I paid $135, but I agree they are completely ignoring PVB while fighting tooth and nail anything under 145 for GFV and BLT

I thought you had a good price at $135. My ROFR Poly contract is only effectively $5/point more for only 71 current/bankable UY points.

I also saw it took 26 or 27 days for you to pass ROFR. I'm on day 25. Like you said, theyve not been taking Poly but the longer it takes the more nervous I get.

 

[thelionqueen]

Sold all my OKW contracts with no intention of another resale. But this was tempting and my situation was positive enough to give it a shot. Wish me luck!
thelionqueen---$117-$20490-170-BWV-Oct-0/17, 0/18, 0/19, 170/20- sent 8/1

 

[Katie2]

Sold all my OKW contracts with no intention of another resale. But this was tempting and my situation was positive enough to give it a shot. Wish me luck!
thelionqueen---$117-$20490-170-BWV-Oct-0/17, 0/18, 0/19, 170/20- sent 8/1

Good luck!

 

[thelionqueen]

Txshadow---$118-$25625-210-BWV-Apr-0/18, 348/19, 210/20, 210/21- sent 7/10, passed 7/25

Fully loaded with banked points! Hoping we can rearrange our Dec trip to use some of the banked points or to rent them out.

Congrats!!!! Hoping I have the same luck with a stripped BWV contract.

 

[T-i-double-guh-er]

T-i-double-guh-er---$129-$6974-50-AKV-Apr-0/18, 4/19, 50/20, 50/21-seller pays MF '19- sent 7/17

Just got word that we passed ROFR. One step closer.

Updated string: T-i-double-guh-er---$129-$6974-50-AKV-Apr-0/18, 4/19, 50/20-seller pays MF '19- sent 7/17, passed 8/2

 

[paule350]

paule350---$119-$19452-150-BWV-Mar-0/18, 150/19, 150/20, 150/21- sent 7/19

My first purchase so hopefully goes through

paule350---$119-$19452-150-BWV-Mar-0/18, 150/19, 150/20, 150/21- sent 7/19, passed 8/2

our first contract !! yay!!

 

[chehan]

Congratulations

Thanks! STILL waiting for closing docs from First American. It's been 3 weeks and 3 days since we passed ROFR. Yikes!

 

[Just654]

Just654---$103-$10300-100-SSR-AUG-0/18, 100/19, 100/20- Sent 7/17,passed 8/2


First DVC Contract