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

[kboo]

mrsap---$100-$23625-230-SSR-Dec-0/18, 0/19, 230/20- sent 7/11, taken 7/30


**Not giving up......

mrsap---$100-$25232-230-SSR-Apr-0/18, 222/19, 230/20, 230/21- sent 8/2

For $1600 more you get 222 points more ... well played! Good luck!

 

[mrsap]

For $1600 more you get 222 points more ... well played! Good luck!

Thanks so much!!!

 

[DisneyKid11]

This is coming from someone that is impatiently waiting the rofr phase, but a thought occured to me. If Disney takes a contract, the seller is happy, the broker is happy, and the buyer gets nothing. There was sombody recently that had 3 in a row taken. The buyer put time and effort into finding the seller, making the deal, and hashing out a good contract, and then Disney can choose to reap the benefits of that hard work. I was thinking a 2 phase rofr would be a good idea. Phase 1 ... Any listing goes through Disney for rofr before hitting the market, and before a buyer wastes any time with that listing. If they pass on the listing, Phase 2 comes into play. Phase 2 ... a contract is hashed out between buyer and seller and goes to Disney for 2nd rofr. If they then decide to take it after they passed in Phase 1, buyer gets a finders fee of x amount of $ per point (maybe $3) on that contract. I know it will never happen, but just a thought.

 

[ScubaCat]

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

First DVC Contract

Would you please reformat that with the link in post #1 so it can be added to the list? Much appreciated!

 

[Bing Showei]

This is coming from someone that is impatiently waiting the rofr phase, but a thought occured to me. If Disney takes a contract, the seller is happy, the broker is happy, and the buyer gets nothing. There was sombody recently that had 3 in a row taken. The buyer put time and effort into finding the seller, making the deal, and hashing out a good contract, and then Disney can choose to reap the benefits of that hard work. I was thinking a 2 phase rofr would be a good idea. Phase 1 ... Any listing goes through Disney for rofr before hitting the market, and before a buyer wastes any time with that listing. If they pass on the listing, Phase 2 comes into play. Phase 2 ... a contract is hashed out between buyer and seller and goes to Disney for 2nd rofr. If they then decide to take it after they passed in Phase 1, buyer gets a finders fee of x amount of $ per point (maybe $3) on that contract. I know it will never happen, but just a thought.

ROFR, and all things Disney timeshare related, is designed first and foremost to serve Disney. The sooner you come to terms with that, the healthier your relationship with Disney will be and the less likely it is you’ll feel disappointed that “owner” interest is secondary.

 

[SwirlTheCitrus]

SwirlTheCitrus---$105-$16285-150-BRV@WL-Dec-0/17, 0/18, 0/19, 150/20- sent 8/1


Sorry, it was off by $100!

 

[BcIcemen]

I like the idea of a two phase RORF. Once listed it goes to Disney and they decide if they want the contract or not. If Disney passes on it it then goes out to the public. Then when someone bids to buy a contract the RORF is already done and can go right to closing. So ROFR is done first, a reverse of today’s system

 

[mrsap]

I like the idea of a two phase RORF. Once listed it goes to Disney and they decide if they want the contract or not. If Disney passes on it it then goes out to the public. Then when someone bids to buy a contract the RORF is already done and can go right to closing. So ROFR is done first, a reverse of today’s system

I think that’s a wonderful idea.

 

[Doberge]

Doberge---$145-$15175-100-PVB-Mar-0/18, 71/19, 100/20, 100/21-Seller pay closing- sent 7/8

Can now finally update to passed.

First contract mood​

Doberge---$145-$15679-100-PVB-Mar-0/18, 71/19, 100/20, 100/21-Seller pay closing- sent 7/8, passed 8/5

ETA: $15175 was mistaken total cost without closing fees. I'm not paying closing but updated the total to $15679 to include seller paid closing, buyer paid admin fee, and buyer paid remaining UY point maintenance fees. My apologies for the error in my original post.

 

[Derian]

Derian---$143-$23505-160-BLT-Feb-0/18, 0/19, 160/20- sent 7/25

Per DVC Resale Market's Blogs that is $1/point higher than what was bought back in July, and the highest bought back in June so I'm hoping ours will make it (but accept that there is a significant chance they'll snatch it up).

 

[anabelle]

anabelle---$99-$25135-250-SSR-Mar-0/18, 0/19, 207/20, 250/21- sent 7/15, taken 8/5

Time for a new strategy. As someone already alluded to, just making the broker money at my time and expense.

 

[KAT4DISNEY]

This is coming from someone that is impatiently waiting the rofr phase, but a thought occured to me. If Disney takes a contract, the seller is happy, the broker is happy, and the buyer gets nothing. There was sombody recently that had 3 in a row taken. The buyer put time and effort into finding the seller, making the deal, and hashing out a good contract, and then Disney can choose to reap the benefits of that hard work. I was thinking a 2 phase rofr would be a good idea. Phase 1 ... Any listing goes through Disney for rofr before hitting the market, and before a buyer wastes any time with that listing. If they pass on the listing, Phase 2 comes into play. Phase 2 ... a contract is hashed out between buyer and seller and goes to Disney for 2nd rofr. If they then decide to take it after they passed in Phase 1, buyer gets a finders fee of x amount of $ per point (maybe $3) on that contract. I know it will never happen, but just a thought.

That is not ROFR though. A right of first refusal is always about having the option to purchase at the same terms of a bonafide offer. That is why it takes a signed contract between the 2 parties before DVC reviews. What you describe is just having a buy back program.

 

[Just654]

Would you please reformat that with the link in post #1 so it can be added to the list? Much appreciated!

I think I fixed it. Wasnt totally sure what was wrong

 

[DisneyKid11]

That is not ROFR though. A right of first refusal is always about having the option to purchase at the same terms of a bonafide offer. That is why it takes a signed contract between the 2 parties before DVC reviews. What you describe is just having a buy back program.

I completely understand how and why it works the way it does. I also know that my thought would never ever happen. So lets say we call my Phase 1 Right of First Buy Back then, and if they decline on that, and take it from a buyer in Phase 2 because buyer made a great deal, that's when buyer also gets compensated for their time. Like I said ... I know this is not a realistic hope ... just my 0.02 on what would be fair to ALL parties involved. I know it's all about business though.

 

[KAT4DISNEY]

I completely understand how and why it works the way it does. I also know that my thought would never ever happen. So lets say we call my Phase 1 Right of First Buy Back then, and if they decline on that, and take it from a buyer in Phase 2 because buyer made a great deal, that's when buyer also gets compensated for their time. Like I said ... I know this is not a realistic hope ... just my 0.02 on what would be fair to ALL parties involved. I know it's all about business though.

I don't think the current process is actually unfair though. It's simply Right of first Refusal.

 

[Doberge]

The proposed system doesn't change anything for the seller other than shifting to contract, and potentially hurts sellers by subjecting them to *two* waiting periods and lengthening time from listing to selling. The system wouldnt change anything to Disney other than either lengthening the process or incurring higher costs to increase staff attention to review processes. The system could only benefit buyers who choose to pay listing prices and that's likely not a large group.

I also don't think third parties (here, buyers who lost contracts to Disney exercising first refusal) deserve anything for "wasted time."

 

[Syndrome]

I highly doubt Disney is going to change anything that might potentially help buyers purchase DVC resale contracts .......
They are doing everything in their power to "convince" buyers to purchase direct . Making the resale process easier for buyers is not exactly what they are going for !
Purchasing resale to save $$$ is always a gamble , and sometimes it wont work out in your favor . Just keep trying .

 

[motherof5]

For $1600 more you get 222 points more ... well played! Good luck!

Good luck

 

[Randywatson79]

Time for a new strategy. As someone already alluded to, just making the broker money at my time and expense.

It's a strange animal, isn't it? Being a great negotiator doesn't necessarily pay off here. I just got my first ROFR to pass and intentionally paid around where I think it would pass based on the data in this thread. Of course it's a inexact science and some cheap ones slip through.

I think if (who am I kidding.. when) I attack another contract I may try to be a bit more shrewd and take some stabs at steals, when time is less important.

 

[Derian]

DVCResaleMarket posted a new report today (link is blocked by the thread tools). It includes a table of the top price that Disney exercised ROFR on in each month. These threads are nice in showing that many things slip through Disney's max threshold, but the report is pretty comprehensive if you want to have an idea at what point they start to take contracts.

FWIW, our offer price was at the top of their range for June, and $1 above the max they took in July. There's still a solid chance they'll take ours, but we'll see.