ROFR Thread July to Sept 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[mlittig]

Thanks so much, Madmavis

 

[macman123]

I stand corrected. $95 pp was taken and $99 was still pending. So I would aim for high 90s.

Thats why my lowest is $100pp. Worth paying a little extra to try and get some insurance.....

 

[PaulW08]

Thats why my lowest is $100pp. Worth paying a little extra to try and get some insurance.....

I do wonder what all they look at for ROFR. If it's purely price per point or the total dollar amount of the purchase. If the seller is understanding you could go for a higher price per point, but have them pay for or split dues and closing cost.

 

[jbreen2010]

I do wonder what all they look at for ROFR. If it's purely price per point or the total dollar amount of the purchase. If the seller is understanding you could go for a higher price per point, but have them pay for or split dues and closing cost.

What I did when looking at a contract for resale was figure out what the "total cost" per point would be in today's dollars. So price per point + maintenance fees throughout the life of the contract + closing costs / total # of points available per contract. I bet disney has some rationale similar to that as well. But I would also think if seller were going to pay say 2020 maintenance fees and all of the points were there, then that's a big bonus to disney if they rebuy that - little risk if management fees are prepaid for you.

 

[TTA Rider Matt]

Sorry all, I’ve been working crazy hours for the last week or two and just haven’t had a chance to update the thread. Just please keep posting and I promise to get to it soon!

Take your time, we understand! I think we all just appreciate this thread and enjoy keeping up with each others' contracts! This is my favorite thread on the site, thank you!

 

[mlittig]

Take your time, we understand! I think we all just appreciate this thread and enjoy keeping up with each others' contracts! This is my favorite thread on the site, thank you!

I completely agree, TTA Rider Matt

 

[poofyo101]

I do wonder what all they look at for ROFR. If it's purely price per point or the total dollar amount of the purchase. If the seller is understanding you could go for a higher price per point, but have them pay for or split dues and closing cost.

They look for total cost. They are too smart to just care about the PPP vs the TRUE PPP.

 

[lea2124]

I'm really starting to think that disney set a day each week for looking at certain resorts. It seems 1 day last week there were a lot of AKL that got taken/passed and then another day a lot of SSR were taken but with no real pattern with why they took them. One contract for SSR was quite low ($92 pp) and the other contract was quite high ($98 pp). It's been very quiet today. Haven't heard of any news today. Day 38 :-(

 

[jbreen2010]

I'm really starting to think that disney set a day each week for looking at certain resorts. It seems 1 day last week there were a lot of AKL that got taken/passed and then another day a lot of SSR were taken but with no real pattern with why they took them. One contract for SSR was quite low ($92 pp) and the other contract was quite high ($98 pp). It's been very quiet today. Haven't heard of any news today. Day 38 :-(

We should just get disney on this forum so they can look at the nicely organized page 1 and see all of the contracts coming their way by resort and price. Maybe that would help expedite the process (haha!)

 

[jomik1]

I'm really starting to think that disney set a day each week for looking at certain resorts. It seems 1 day last week there were a lot of AKL that got taken/passed and then another day a lot of SSR were taken but with no real pattern with why they took them. One contract for SSR was quite low ($92 pp) and the other contract was quite high ($98 pp). It's been very quiet today. Haven't heard of any news today. Day 38 :-(

I'm on day 42. I just want to know one way or another.

 

[CastAStone]

They look for total cost. They are too smart to just care about the PPP vs the TRUE PPP.

I still think it’s more random than only price, based on what exactly they think they can sell at the time. So this week the line could be $100 and next week it could be $93, because this week they need six contracts and next week they only need two.

I'm really starting to think that disney set a day each week for looking at certain resorts. It seems 1 day last week there were a lot of AKL that got taken/passed and then another day a lot of SSR were taken but with no real pattern with why they took them. One contract for SSR was quite low ($92 pp) and the other contract was quite high ($98 pp). It's been very quiet today. Haven't heard of any news today. Day 38 :-(

I don’t know if it’s that precise, but it certainly appears they’ve holding then in bunches and making decisions.

 

[Naglejen]

All quiet on the ROFR front today...

For a while, it looks like it was speeding up, but now it seems to be slowing back down. Today is my 30 day mark for my AKL contract, which has a pretty high ppp so I’m hoping it is safe, but I bet I still don't know by this time next week.

 

[ScubaCat]

We Passed!!
we must have been in that AKV 10:30 batch because our agent just contacted us.
AKV-160 points DEC UY: 123/2019(banked from 2018)320/2020 (160/2019 banked and 160/2020.) sent July 18.

Could you please format your contract details with the link in post #1 so it can go on the list? (under "PASSED" of course!)

 

[poofyo101]

I still think it’s more random than only price, based on what exactly they think they can sell at the time. So this week the line could be $100 and next week it could be $93, because this week they need six contracts and next week they only need two.

I don’t know if it’s that precise, but it certainly appears they’ve holding then in bunches and making decisions.

They get aggressive on certain resorts during certain times. Now SSR. Before Covid AKV probably based upon their inventory. But at some point they will buy anything back (outside poly, CCV, and aulani etc) if the price is low enough. Just my .02 based upon experience.

 

[Snowmiser]

I finally got a Beach Club offer accepted! Would have been better if it happened before they started taking contracts, but oh well. I sold a contract that closed in July after waiting 55 days for ROFR so hoping this one goes faster (and that they don't take it).

Snowmiser---$130-$20830-150-BCV-Mar-0/19, 102/20, 150/21, 150/22- sent 8/27

 

[ABE4DISNEY]

Great price!

 

[CastAStone]

But at some point they will buy anything back (outside poly, CCV, and aulani etc) if the price is low enough.

I agree with this. If you take the Orange County database and do the very tedious work to figure out the price per point for each one (which is a huge PITA on the ones Disney buys back) the buyer for the cheapest contracts (ignoring COVID) are all Disney, then at a certain price it becomes a mix of Disney and Disboarders lowballers for a while, and then there seems to be a ceiling where they won’t ROFR even if there’s a waiting list.

Working from memory on the times I’ve done that tedious work, I *think* the guaranteed buyback (in normal times) is somewhere around 50% of the direct price, and the ceiling is somewhere around 65% of direct pricing. The in between is where supply and demand of sold out resorts becomes really important.

I do think they’d buy a Poly contract back if the price was completely ridiculous. Not CCV or Aulani though.

 

[poofyo101]

I agree with this. If you take the Orange County database and do the very tedious work to figure out the price per point for each one (which is a huge PITA on the ones Disney buys back) the buyer for the cheapest contracts (ignoring COVID) are all Disney, then at a certain price it becomes a mix of Disney and Disboarders lowballers for a while, and then there seems to be a ceiling where they won’t ROFR even if there’s a waiting list.

Working from memory on the times I’ve done that tedious work, I *think* the guaranteed buyback (in normal times) is somewhere around 50% of the direct price, and the ceiling is somewhere around 65% of direct pricing. The in between is where supply and demand of sold out resorts becomes really important.

I do think they’d buy a Poly contract back if the price was completely ridiculous. Not CCV or Aulani though.

What would you consider a ridiculous price on poly as the direct price is very high on it?

 

[pangyal]

Updated! Phew

 

[CastAStone]

What would you consider a ridiculous price on poly as the direct price is very high on it?

Low enough to trigger ROFR? $70 a point? Ultimately there’s extremely few contracts that sell for half of market rate but it’s also not zero. They almost all exchange hands on timeshare advertising sites, eBay, Craigslist and the like, where clueless desperate sellers look to unload quick and cheap, and they’re almost always bought back by Disney. Here’s an Example