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

[TerrorPigeon]

Nothing like that rush of seeing you have an email from your broker only to open it to see them say they're still waiting to hear Disney's decision on ROFR. :/ Guess that's still better than hearing one got taken though. At day 27 right now.

 

[DonMacGregor]

Nothing like that rush of seeing you have an email from your broker only to open it to see them say they're still waiting to hear Disney's decision on ROFR. :/ Guess that's still better than hearing one got taken though. At day 27 right now.

The only rush with lasting satisfaction is going to the OC Comptroller's website and seeing that your deed was recorded. Mission complete.

 

[Adg0428]

Nothing like that rush of seeing you have an email from your broker only to open it to see them say they're still waiting to hear Disney's decision on ROFR. :/ Guess that's still better than hearing one got taken though. At day 27 right now.

Day 27 here too!

 

[ILoveMyDVC]

from my broker on day 37 - OKE (E) $130 194 points

I checked with Disney yesterday and this was their response.

We still waiting for the decision.
Thanks

 

[macman123]

Jimmy Geppetto---$149-$35175-220-PVB-Aug-0/20, 220/21, 220/22, 220/23- sent 9/22

Wow - are you able to share the Broker?

 

[jbreen2010]

How did anyone not know it was subsidized? Did the broker not listed? Luckily you knew you found a gem!

it was just listed on a popular broker site…wasn’t flagged as “subsidized dues” but when I put in the offer I confirmed that it was subsidized dues. I think 9.9/10x it is generally listed as subsidized but this one just stated the annual dues amount…and when u did the math it was subsidized.

 

[jbreen2010]

And we just passed! (Phew!)

DisneyMusicMan---$168-$35983-200-BCV-Dec-0/20, 400/21, 200/22- sent 8/23, passed 9/22

Day 30 today. The 200 banked points is a nice scenario. We have a lot to play with next year.

And, as expected, estoppel issued as well.

glad you made it! 8/23 was a lucky submission day for us!

 

[Lokie75]

Lokie75---$161-$13201-75-CCV@WL-Aug-0/20, 75/21, 75/22, 75/23- sent 8/23, passed 9/22

 

[DisneyMusicMan]

Lokie75---$161-$13201-75-CCV@WL-Aug-0/20, 75/21, 75/22, 75/23- sent 8/23, passed 9/22

Another 8/23 submittal passes! Congrats.

 

[Chia1974]

it was just listed on a popular broker site…wasn’t flagged as “subsidized dues” but when I put in the offer I confirmed that it was subsidized dues. I think 9.9/10x it is generally listed as subsidized but this one just stated the annual dues amount…and when u did the math it was subsidized.

This makes me just want to pull every Aulani contract and see if it’s subsidized.

 

[DVChris]

This makes me just want to pull every Aulani contract and see if it’s subsidized.

One thing to note for any sale of Aulani is an extra withholding tax called HARPTA which is currently 7.25% - this is a tax that the seller pays during the sale and it is different than the transient occupancy tax.
From what I understand, you can file additional paperwork with the state to try to get it back if you can show that you did not have a gain from the sale.
Just something to keep in mind as it might deter some from buying Aulani. A broker I spoke with several months back was not familiar with the tax so I’m not sure how well known it is.

 

[Jimmy Geppetto]

One thing to note for any sale of Aulani is an extra withholding tax called HARPTA which is currently 7.25% - this is a tax that the seller pays during the sale and it is different than the transient occupancy tax.
From what I understand, you can file additional paperwork with the state to try to get it back if you can show that you did not have a gain from the sale.
Just something to keep in mind as it might deter some from buying Aulani. A broker I spoke with several months back was not familiar with the tax so I’m not sure how well known it is.

I successfully bid on an Aulani contract for $100 pp two weeks ago and backed out because of HARPTA. Although HARPTA tax is at 7.25% today, there are many people who think it will rise rapidly after COVID due to Hawaii having unfavourable laws towards time share owners who are non-residents to the state of Hawaii.

For me there is just too much "baggage" when it comes to owning Aulani. Too much risk for my appetite. However if you plan to own it until 2062 and not ever sell it, and want to use the contract as SAP... it can make sense for some people.

 

[Jelly563]

i have never seen anyone post an aluni contract that wasn't subsidized

 

[HappyThoughtsTees]

One thing to note for any sale of Aulani is an extra withholding tax called HARPTA which is currently 7.25% - this is a tax that the seller pays during the sale and it is different than the transient occupancy tax.
From what I understand, you can file additional paperwork with the state to try to get it back if you can show that you did not have a gain from the sale.
Just something to keep in mind as it might deter some from buying Aulani. A broker I spoke with several months back was not familiar with the tax so I’m not sure how well known it is.

We just sold an Aulani contract and our broker is filing the HARPTA waiver on our behalf. Pretty easy process.

 

[Paul Stupin]

I successfully bid on an Aulani contract for $100 pp two weeks ago and backed out because of HARPTA. Although HARPTA tax is at 7.25% today, there are many people who think it will rise rapidly after COVID due to Hawaii having unfavourable laws towards time share owners who are non-residents to the state of Hawaii.

For me there is just too much "baggage" when it comes to owning Aulani. Too much risk for my appetite. However if you plan to own it until 2062 and not ever sell it, and want to use the contract as SAP... it can make sense for some people.

The $100 pp was a very good deal. You could have bought the contract, and should the HARPTA have gone up enough to make you uncomfortable, I believe you could have easily sold the contract at a price 30-40% higher than you paid. Personally, I don’t see Hawaii doing anything to alienate tourism anytime soon, and doubt that tax will ever be a significant factor in discouraging possible buyers.
But we live in LA, it’s an easy flight, and for us it’s the most spectacular DVC resort. Using your Aulani contract for SAP, though, is generally a bad idea. The dues are just too high and the long term numbers don’t crunch in most cases.

 

[sgricewich]

DVChris---$120-$6645-50-SSR-Jun-0/20, 0/21, 50/22, 50/23- sent 8/27, taken 9/22
DVChris---$120-$24850-200-SSR-Jun-0/20, 0/21, 200/22, 200/23- sent 8/30, taken 9/22

I am 0/3 with SSR.

I know how you feel! We are 0/3 with OKW too. Just offered and accepted on a 4th contract yesterday. If this one doesn’t work out, I might throw in the towel lol.

 

[MinBz]

MinBz---$167-$26936-150-BCV-Oct-0/20, 150/21, 150/22, 150/23-Seller pays MF ‘21- sent 9/23

 

[DerekDeBoer]

"May Walt Disney World bring joy and inspiration and new knowledge to all who come to this happy place… a Magic Kingdom where the young at heart of all ages can laugh and play and learn - together." -- Roy O. Disney

Perfect words as we quickly come up on the 50th anniversary of Walt Disney World starting October 1st - and what a time for these awesome 60 families to celebrate passing ROFR in the last few days!

Thanks again to everyone for another incredible week of making magic here at the DVC Resale Market - stay safe & magical everyone

GATHINGS
SMITH
MCHUGH
SHIPLEY
LEHMAN
NUTTER
DEWITT
NEWSHAM
DOEBLER
MARTIN
RIVAS
JOYCE
ALLEN
NAVAROLI
CASEY
BACCILE
WILEY
BROWN
PITTS
POSEY
SUTIKA
FERGUSON
DUGAN
BECK
HUFFSTETLER
BAUER
JOSLYN
DOWLING
PRESCOTT
ZARROW
REINHARD
BARATELLE
SHARP
LUNTER
ROBERTS
VAZQUEZ
KOPELMAN
MCKINNEY
ROBBINS
CALVILLO
BROUWERS
EASTERHOFF
POWDERLEY
LEVITE
HOPEWELL
OLSON
SULLIVAN
ZEGARSKI
MAGEE
NELSON
HOYT
ROSSER
SCHMITTLEIN
SUKPAT
KAMMLER
HAZELGROVE
CALVILLO
GARCIA
MARASCO
DELP

 

[ILoveMyDVC]

"May Walt Disney World bring joy and inspiration and new knowledge to all who come to this happy place… a Magic Kingdom where the young at heart of all ages can laugh and play and learn - together." -- Roy O. Disney

Perfect words as we quickly come up on the 50th anniversary of Walt Disney World starting October 1st - and what a time for these awesome 60 families to celebrate passing ROFR in the last few days!

Thanks again to everyone for another incredible week of making magic here at the DVC Resale Market - stay safe & magical everyone

GATHINGS
SMITH
MCHUGH
SHIPLEY
LEHMAN
NUTTER
DEWITT
NEWSHAM
DOEBLER
MARTIN
RIVAS
JOYCE
ALLEN
NAVAROLI
CASEY
BACCILE
WILEY
BROWN
PITTS
POSEY
SUTIKA
FERGUSON
DUGAN
BECK
HUFFSTETLER
BAUER
JOSLYN
DOWLING
PRESCOTT
ZARROW
REINHARD
BARATELLE
SHARP
LUNTER
ROBERTS
VAZQUEZ
KOPELMAN
MCKINNEY
ROBBINS
CALVILLO
BROUWERS
EASTERHOFF
POWDERLEY
LEVITE
HOPEWELL
OLSON
SULLIVAN
ZEGARSKI
MAGEE
NELSON
HOYT
ROSSER
SCHMITTLEIN
SUKPAT
KAMMLER
HAZELGROVE
CALVILLO
GARCIA
MARASCO
DELP

What was the average wait time for these to go through? I've been waiting nearly 40 days so I am curious if one broker is favored over another.

 

[DerekDeBoer]

What was the average wait time for these to go through? I've been waiting nearly 40 days so I am curious if one broker is favored over another.

What was the average wait time for these to go through? I've been waiting nearly 40 days so I am curious if one broker is favored over another.

Hi there! So for us at the DVC Resale Market it's pretty much been AVERAGING around that 30 day timeframe....