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

[starfrenzy]

I'm not sure I want to be a Debbie Downer, or if it is even allowed, but I did get some interesting input from my Guide that seems to correlate with what we are seeing in the forum, but I don't want to rain on any parades (or cavalcades as it were)...

Do tell.

 

[LadybugsMum]

I'm not sure I want to be a Debbie Downer, or if it is even allowed, but I did get some interesting input from my Guide that seems to correlate with what we are seeing in the forum, but I don't want to rain on any parades (or cavalcades as it were)...

Don't be tease. What did you find out??

 

[DonMacGregor]

OK, we have no idea what you're talking about. You're allowed to talk about rumours here- just let everyone know where you heard it and they can determine how much weight they want to allow for it.

My point was I don’t want to be saying “my guide told me this”, or “my guide told me that” because it is possibly inaccurate and I don’t want to be saying something that might cause doubt or a cancellation that could affect a buyer, seller, or broker monetarily. That’s all.

 

[DonMacGregor]

Don't be tease. What did you find out??

I was told that they have switched their focus from OKW to SSR over the last few days (borne out by what looks like an uptick in ROFR takes after a seeming drought). I was further told they are actually pretty low on some use years, to the extent that I had to give the guide my preferred UY, plus two options, and he had to actually call me back after about 30 minutes. Two of the three use years would have resulted in a trip to the wait list.

 

[ValW]

ValW---$140-$3617-25-OKW-Dec-0/20, 14/21, 25/22-I am the Seller- sent 8/5, passed 9/2

I am the seller so I'm not sure the total closing cost amount. I also received closing documents about an hour after I was notified about ROFR.

 

[princesscinderella]

Points loaded!

Congratulations! I hope your direct purchase doesn’t make them take my SSR in ROFR since they will need to refill their direct points piggy bank.

 

[pianomanzano]

Congratulations! I hope your direct purchase doesn’t make them take my SSR in ROFR since they will need to refill their direct points piggy bank.

Could be mine too haha. Have a loaded contract that I should be hearing back from them about any day now.

 

[DonMacGregor]

Congratulations! I hope your direct purchase doesn’t make them take my SSR in ROFR since they will need to refill their direct points piggy bank.

Could be mine too haha. Have a loaded contract that I should be hearing back from them about any day now.

Great....

 

[Ginamarie]

I was told that they have switched their focus from OKW to SSR over the last few days (borne out by what looks like an uptick in ROFR takes after a seeming drought). I was further told they are actually pretty low on some use years, to the extent that I had to give the guide my preferred UY, plus two options, and he had to actually call me back after about 30 minutes. Two of the three use years would have resulted in a trip to the wait list.

That seems about right. I think they're still buying OKW too, but the demand for SSR has been high all along.

 

[princesscinderella]

Great....

No hard feelings at all . I have 8 contracts taken in ROFR this year it’s become a game almost. I have to admit I’ve become addicted to looking at listings and bidding. I definitely have addonitis, I’m lucky my hubby supports my habit

 

[DonMacGregor]

That seems about right. I think they're still buying OKW too, but the demand for SSR has been high all along.

I took him at his word for several reasons:

1. I called then and told them what resort I was looking at, so there was no steering me to or from anything.
2. The subject of ROFR came up in idle conversation when was mentioning why I called.
3. There does seem to be an increase in SSR ROFR activity.
4. When it came to use year, he asked me what month I wanted (I told him February or March, but March had been the preferred UY), and he said they were tight on some months, and a wait list was a possibility before he even verified. I gave him April as well, and he said he'd need to find out if they were available and call me back. No sales guy EVER wants to let you off the line for any reason whatsoever.
5. When he did call back he said they had February, but no March or April. If I wanted those UY, I'd need to go on a waiting list.

 

[softballmom3]

I took him at his word for several reasons:

1. I called then and told them what resort I was looking at, so there was no steering me to or from anything.
2. The subject of ROFR came up in idle conversation when was mentioning why I called.
3. There does seem to be an increase in SSR ROFR activity.
4. When it came to use year, he asked me what month I wanted (I told him February or March, but March had been the preferred UY), and he said they were tight on some months, and a wait list was a possibility before he even verified. I gave him April as well, and he said he'd need to find out if they were available and call me back. No sales guy EVER wants to let you off the line for any reason whatsoever.
5. When he did call back he said they had February, but no March or April. If I wanted those UY, I'd need to go on a waiting list.

Feb is what I'm waiting on. Oh Lordy.

 

[DaveNan]

I took him at his word for several reasons:

1. I called then and told them what resort I was looking at, so there was no steering me to or from anything.
2. The subject of ROFR came up in idle conversation when was mentioning why I called.
3. There does seem to be an increase in SSR ROFR activity.
4. When it came to use year, he asked me what month I wanted (I told him February or March, but March had been the preferred UY), and he said they were tight on some months, and a wait list was a possibility before he even verified. I gave him April as well, and he said he'd need to find out if they were available and call me back. No sales guy EVER wants to let you off the line for any reason whatsoever.
5. When he did call back he said they had February, but no March or April. If I wanted those UY, I'd need to go on a waiting list.

https://www.disboards.com/threads/dvdmc-files-amendments-to-separate-use-year-from-unit.3741165/

Odd, maybe even though they have the ability, maybe they are choosing no the exercise the right. A few years ago the updated the POS so they could change UY on a contract by contract basis. So they did not need to worry about matching the points they claim in ROFR to any direct buyer needs. Unlike us, they can change the UY of points any time when they resell them. Maybe it got too complicated for the IT department.

 

[DonMacGregor]

https://www.disboards.com/threads/dvdmc-files-amendments-to-separate-use-year-from-unit.3741165/

Odd, maybe even though they have the ability, maybe they are choosing no the exercise the right. A few years ago the updated the POS so they could change UY on a contract by contract basis. So they did not need to worry about matching the points they claim in ROFR to any direct buyer needs. Unlike us, they can change the UY of points any time when they resell them. Maybe it got too complicated for the IT department.

It may be something recent. I know when I first talked to him maybe 3 months ago, it seemed like he told me "we can make the points any use year", but then I never spoke to him again until today. That may have meant "we have every use year available, so we'll make them what you want", but who knows.

 

[DaveNan]

Other things they can do that we can’t include. Splittting a contract into smaller contracts and combining points (that one I think is limited to all points need to be on the same unit number). Not sure why an owner would ever want to combine, but we can’t.

 

[Sandisw]

https://www.disboards.com/threads/dvdmc-files-amendments-to-separate-use-year-from-unit.3741165/

Odd, maybe even though they have the ability, maybe they are choosing no the exercise the right. A few years ago the updated the POS so they could change UY on a contract by contract basis. So they did not need to worry about matching the points they claim in ROFR to any direct buyer needs. Unlike us, they can change the UY of points any time when they resell them. Maybe it got too complicated for the IT department.

Just to expand about the change to UY. They can do this, but it doesn’t mean they can always sell points because the contract still needs to have the right type of points in its original UY in order for the change to happen so they can sell it.

For example, say I want a Dec UY, and they only have a September UY in stock. But, the Sept UY has already started its 2021 UY but Dec has not,

They can’t change that to Dec snd sell it to me because I am entitled to 2020 points…the current UY for Dec…and that contract doesn’t have those points any more.

Now, if I wanted a September UY and they had only June in stock, they can change it because both are in their 2021 UY, so they can sell it because they can give me current UY points.

 

[Jen0718]

ROFR Day 64 (or 31): Still a whole bunch of nothing. They still have my money . I have some small hope that I might, maybe hear something someday. That’s a very small sliver of hope at this point. It would be great if I heard something before the closing date though.

 

[Theta]

ROFR Day 64 (or 31): Still a whole bunch of nothing. They still have my money . I have some small hope that I might, maybe hear something someday. That’s a very small sliver of hope at this point. It would be great if I heard something before the closing date though.

I wonder how much of this is due to your super late closing? Does anyone know if other delayed closings drag on like this one?

Did the delayed closing give you pause when you purchased?

 

[Jen0718]

I wonder how much of this is due to your super late closing? Does anyone know if other delayed closings drag on like this one?

Did the delayed closing give you pause when you purchased?

This was my first ever resale. I was totally new and I was aware of delayed closings but not the reason some are delayed. My broker explained that it was due to a current reservation that must be completed before the contract can close. She also assured me that it typically doesn’t effect ROFR. In fact, it could work in my favor as Disney may not be interested in waiting around for the contract to close. I had seen other delayed closings pass just fine so I was not too concerned. Plus I thought if they took it, I would have plenty of time to bid on another contract. Ahhh, the uninitiated hubris of innocence. I had no idea what I was in for

 

[Ginamarie]

I wonder how much of this is due to your super late closing? Does anyone know if other delayed closings drag on like this one?

Did the delayed closing give you pause when you purchased?

Jen’s delay is 100% because of the dead owner. Basically, Disney got the request for ROFR, finally reviewed the contract and saw the dead owner and then had to kick it back for more paperwork.
We went into ROFR on a delayed closing last year. Disney exercised ROFR in eight days!!