ROFR Thread July to Sept 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Tiberella626]

Back for more Riviera...

$140-$31,990-210-RIV-Dec-210/20-440/21-210/22-sent 8/18 (2020 points are banked from 2019 and very likely unusable by time of closing)

With the rate at which people are canceling trips you may get lucky with a last minute trip.

 

[Jen0718]

ROFR Day 51: The title company hasn’t heard anything, my broker is on vacation, her associate hasn’t heard anything, they checked and all the paperwork from the seller is in. We are just waiting on Disney. We’re all in a terrible limbo, animated suspension, if you will. I am unbelievably ready to move forward, I just need a direction.
In the meantime, I will console myself some more with home improvements and start stockpiling Halloween decorations. Maybe I will know what the decision is by Halloween , maybe not

 

[jbreen2010]

ROFR Day 51: The title company hasn’t heard anything, my broker is on vacation, her associate hasn’t heard anything, they checked and all the paperwork from the seller is in. We are just waiting on Disney. We’re all in a terrible limbo, animated suspension, if you will. I am unbelievably ready to move forward, I just need a direction.
In the meantime, I will console myself some more with home improvements and start stockpiling Halloween decorations. Maybe I will know what the decision is by Halloween , maybe not

I get it! I waited 60 days for ROFR last year. If you don’t hear anything early next week I would call the broker repeatedly and tell them someone needs to talk to Terri Schultz. It’s terrible when these fall through the cracks. In my head it’s like a “good” deal and Disney is holding onto it because they’re just not sure - that’s my opinion. I wish someone would propose at the condo association that there is a 30-day hard and fast rule for ROFR on the part of Disney….if they don’t want it within a month they should have to issue estoppel and move on.

also the part that helped me was that we hit the closing date set forth in the contract - and legally Disney can’t keep holding the process up past closing date - so on my closing day I emailed title and broker and said someone reach out to someone because today is closing day and according to Disney’s agreements hey have effectively waived. But now for some reason brokers are pushing that date out even further - the one that I am submitting this week they are setting a date about 75 days out.

good luck!!!

 

[Sandisw]

I get it! I waited 60 days for ROFR last year. If you don’t hear anything early next week I would call the broker repeatedly and tell them someone needs to talk to Terri Schultz. It’s terrible when these fall through the cracks. In my head it’s like a “good” deal and Disney is holding onto it because they’re just not sure - that’s my opinion. I wish someone would propose at the condo association that there is a 30-day hard and fast rule for ROFR on the part of Disney….if they don’t want it within a month they should have to issue estoppel and move on.

also the part that helped me was that we hit the closing date set forth in the contract - and legally Disney can’t keep holding the process up past closing date - so on my closing day I emailed title and broker and said someone reach out to someone because today is closing day and according to Disney’s agreements hey have effectively waived. But now for some reason brokers are pushing that date out even further - the one that I am submitting this week they are setting a date about 75 days out.

good luck!!!

Just for others. Terri is in charge of DVC. That is not the division that deals with ROFR. It’s DVD and that is who someone would want to reach out to in regards to These decisions.

 

[jbreen2010]

Just for others. Terri is in charge of DVC. That is not the division that deals with ROFR. It’s DVD and that is who someone would want to reach out to in regards to These decisions.

Got it - that makes sense. @Jen0718 don’t reach out to Terri…that one is my mistake…I assumed Terri oversaw it all. Fingers are crossed for you that you hear something soon!!

 

[Jen0718]

I get it! I waited 60 days for ROFR last year. If you don’t hear anything early next week I would call the broker repeatedly and tell them someone needs to talk to Terri Schultz. It’s terrible when these fall through the cracks. In my head it’s like a “good” deal and Disney is holding onto it because they’re just not sure - that’s my opinion. I wish someone would propose at the condo association that there is a 30-day hard and fast rule for ROFR on the part of Disney….if they don’t want it within a month they should have to issue estoppel and move on.

also the part that helped me was that we hit the closing date set forth in the contract - and legally Disney can’t keep holding the process up past closing date - so on my closing day I emailed title and broker and said someone reach out to someone because today is closing day and according to Disney’s agreements hey have effectively waived. But now for some reason brokers are pushing that date out even further - the one that I am submitting this week they are setting a date about 75 days out.

good luck!!!

My closing date is 12/13/2021. Delayed closings are usually due to an existing reservation on the account that must be completed before transfer of Title and points.

 

[stlrod]

With the rate at which people are canceling trips you may get lucky with a last minute trip.
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Yeah, but at the rate at which DVC is deciding on ROFR and loading points, I may not. lol I wasn't counting on those 2019 banked points and I don't think the seller was either. I am at a loss though to explain why the sellers not only appear to have never used the contract they just didn't rent or do something with those 210 points from 2019 and sell it 12/1.

 

[starfrenzy]

I mean I have to scratch my head at a lot of the pricing right now.

I don’t understand why people would pay some of these high prices. SSR at $169 is just silly.

Hopefully with the large number of contracts up for sale now, and with how long they are lingering, prices will start coming back down a bit. Yes, I want the contract I have to grow in value but I still want to be able to buy MORE at a reasonable price.

Part of this is that they used this business model of buying some distressed contracts (either through the site or through foreclosures), stripping the points to sell through their rental program and then trying to list the stripped contracts.

I had suspected that's what they were up to this summer when I saw nothing for AKL but stripped contracts on some days.

 

[ajiuo]

First time buyer here on two contracts and we are waiting to hear back on ROFR.

With the news of Genie+ and LL combined with loss of ME, magic bands, etc, I'm starting to read a lot of comments from members thinking about selling some or all of their points, and comments that some have already reached out to their broker to list for sale. In a quick glance this morning, there seems to be an uptick in listings across broker sites in the last day or two.

Is anyone else concerned about how far prices will drop if more and more members decide to sell? I'm wondering if we should cut our losses/deposits to see how this shakes out. Would love to hear thoughts from folks in the same boat

I’m waiting on ROFR (AKV 160@140$) if it passes I plan on keeping it at least long enough to take my trip next year. If I feel that Bob Chapeks money grab has negativity impacted my experience in any significant way, then I will sell after the trip. If I’m still happy with the experience, then I’ll hang on to it. Based on everything so far, I don’t have high hopes.

What I really find disgusting is how just a couple of weeks ago Disney came out accusing Scarlett Johansson of being greedy and insensitive to the global pandemic… and then they go and pull this. Disney clearly used the pandemic as a huge money grab. It’s kind of sickening and has darkened my perception of the company as a whole.

I really wish Bob Chapek would be removed as CEO. Eisner and Iger weren’t perfect… but at least they both started out pretty well and did a lot of good things. Bob Chapek hasn’t done anything positive and has been a bad CEO from the get go.

 

[pangyal]

Updated!

I will try to get to the weekly update next weekend, but will be at WDW...so no promises . And hey, maybe by after Labour Day, @Jen0718 will be a licensed plumber, electrician, and Yogi!

 

[gskywalker]

So with all these ridiculous asking prices that have been posted, I said to my wife today, let's ask for $180 pp for our AUL contract that I bought for $70 pp in Apr and see if someone comes close to the asking price. Could make a profit of 20k for a few months. She wants her points though.....bad wife!!!!!!

 

[Jen0718]

Updated!

I will try to get to the weekly update next weekend, but will be at WDW...so no promises . And hey, maybe by after Labour Day, @Jen0718 will be a licensed plumber, electrician, and Yogi!

I don’t know about the Yogi part but I got the range, dishwasher and the water line to the fridge down pretty good. I think Labor Day is a very optimistic goal at this point.

 

[Paul Stupin]

So all these ridiculous asking prices have been posted. I said to my wife today. Let's ask for $180 pp for our AUL contract that I bought for $70 pp in Apr and see if someone is close to asking price. Could make a profit of 25 to 30 k for a few months. She wants her points though.....

You know, there’s one Aulani contract out there asking $160, and that would represent a pretty good profit too. But then if you wanted to buy the equivalent amount of points at an Orlando resort for the 11 month window, you’d have to give some of those profits back, though you’d save long term on the cheaper dues for the life of the contract. I’m sure you’ve thought of this, have you considered crunching the numbers?

 

[jbreen2010]

HAPPY MONDAY!
I’m back to waiting for ROFR for another contract - can I please be added to the list.

Here are the details:

Jbreen2010---$185-$29602-150-VGF-Feb-0/20, 144/21, 300/22, 150/23- sent 8/23

 

[DuffyTheDisneyBear]

DuffyTheDisneyBear---$180-$28900-150-VGF-Feb-0/20, 165/21, 133/22, 150/23- sent 7/20, passed 8/23

Let’s start the week right! First DVC, pretty excited!

 

[Jersey Dis]

(Jersey Dis---$165-$17255-100-CCV@WL-Oct-100/20, 200/21, 100/22- sent 5/27 passed 6/16) from prior thread

Update: So we lucked out and were able to rent out the 100 2019 banked points that needed to be used by September 30th. Factoring that in reduced our purchase price to about $150 a point or covers the cost of our park tickets for our 2022 trip.

 

[gskywalker]

You know, there’s one Aulani contract out there asking $160, and that would represent a pretty good profit too. But then if you wanted to buy the equivalent amount of points at an Orlando resort for the 11 month window, you’d have to give some of those profits back, though you’d save long term on the cheaper dues for the life of the contract. I’m sure you’ve thought of this, have you considered crunching the numbers?

The problem with the profit is that I am in Canada so they withold 15% automatically, then more for Hawaii(So I have heard) that I would have to pay someone to fight to get back for me. I would make a good profit percentage-wise either way but in terms of the effort required and the profit, its not worth it. When I bought it, I bought it to keep till I die.

With all of the cuts made to WDW it's likely we will go less frequently than we have in the past. Plus actually, our dues wouldn't drop that much if we bought a different contract as I likely would buy AKV. We go Sunday to BLT. If we love it there, then our dues would drop a fair bit but otherwise it wouldn't be a big difference, plus we get more years with AUL. While I keep an eye out, prices have risen so much and so many cuts have happened that increase the price of our trips(Magical Express, Magic Bands, Genie, etc) that we very likely won't buy anymore DVC points. Despite us being a Disney freak family, Disney's cuts have managed to kill our excitement and desire to go regularly to WDW. Before Covid we did 10 trips in a year from Toronto to WDW and as soon as this next 12 months is up and our AP's aren't around, we will likely only go once every year or 2 with our DVC points and instead go to the Caribbean.

 

[Ginamarie]

DuffyTheDisneyBear---$180-$28900-150-VGF-Feb-0/20, 165/21, 133/22, 150/23- sent 7/20, passed 8/23

Let’s start the week right! First DVC, pretty excited!

Congrats! I'm hoping we see a bunch more passes today. Come on DVC!

 

[Sunnyore]

Back again cuz well, addonitis

Sunnyore---$180-$9840-50-BLT-Aug-0/20, 50/21, 50/22- sent 8/23

I know not a great deal but it’s a small contract. I’m ok with it because I still save over $3k compared to buying direct. Also I won’t worry about it not passing ROFR. Most of you guys probably know this already but I haven’t been a DVC even a year yet so I learned from this contract that firm prices can always be negotiated. Closing costs have variable prices depending on title company, so I saved an extra $70 by choosing the cheaper one. Also they don’t change the prices on the website when contracts are accepted so at least for me, I thought all these “firm” small contracts are sold at asking price, and now I know it’s not always true. Here’s to another 4-6 weeks waiting game!

 

[Hopfather28]

Every once in a while I'll pop in the ROFR thread to see where prices are at and decide if I want to add on. 15 months ago I bought 275 Poly at 120 a point which was a ridiculously cheap deal. So forgive me for having sticker shock at the current prices. I want another 100 points but damned if I'll pay what the going rate is for some of these resorts.