ROFR Thread July to Sept 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[pianomanzano]

Jimmy Geppetto---$120-$17320-140-OKW(E)-Feb-0/21, 140/22, 140/23, 140/24-Seller paying '22 MF- sent 6/14 *CANCELLED*

Received an e-signature request for an addendum. No communication from broker whatsoever. Tucked in the addendum was a clause "both parties agree to expiration date of 2042".

Wasn't a 2057 extended deed. Disney caught it... broker didn't.

Broker was https://www.fidelityrealestate.com/

Hope you got back that ridiculous admin fee they charge too!

 

[DsneyDude1]

I finally gave into the ROFR monster and bought 100 points direct at OKW. Rubbed me the wrong was after paying in the 50s per point in 1993. But I needed a few more points to lock in my GV trips with my grandsons annually. So buying OKW was the only thing that accomplished that. That was after at least making 2 sellers and the broker happy when Disney took 2 contracts in ROFR.

 

[RamblinWreck]

Jimmy Geppetto---$120-$17320-140-OKW(E)-Feb-0/21, 140/22, 140/23, 140/24-Seller paying '22 MF- sent 6/14 *CANCELLED*

Received an e-signature request for an addendum. No communication from broker whatsoever. Tucked in the addendum was a clause "both parties agree to expiration date of 2042".

Wasn't a 2057 extended deed. Disney caught it... broker didn't.

Broker was https://www.fidelityrealestate.com/

Wow... I'm speechless. We've been hearing some pretty shady stuff out of them lately, but that one really takes the cake.

 

[bryaalre]

Jimmy Geppetto---$120-$17320-140-OKW(E)-Feb-0/21, 140/22, 140/23, 140/24-Seller paying '22 MF- sent 6/14 *CANCELLED*

Received an e-signature request for an addendum. No communication from broker whatsoever. Tucked in the addendum was a clause "both parties agree to expiration date of 2042".

Wasn't a 2057 extended deed. Disney caught it... broker didn't.

Broker was https://www.fidelityrealestate.com/

I had a good experience with them with my last contract that ended up being bought back by Disney. So, I decided to use them again for my latest contract and I thought everything was all set with all papers signed by myself and the sellers, as well as my payment sent to the title company. I didn't receive an email that the contract had been sent to ROFR but figured they forgot to send me the email. Turns out that they hadn't sent it to ROFR. They sent me the wrong title company's credit card authorization form. So they never had my payment on file as it was paid to the wrong title company. They notified me 10 days later that there was a mix up and sent me the correct form and they would reverse the other payment.

I get things happen and there are mishaps but I was more annoyed that it took them 10 days to review why payment wasn't received after all forms filled out and me saying payment was sent as my card was charged.

 

[Jimmy Geppetto]

Hope you got back that ridiculous admin fee they charge too!

Totally! But I never agree to pay that. I always put it on the seller. No other brokers charge it, so I just let the agent know that IMO it’s the seller’s responsibility to pay since they chose to sell with Fidelity.

 

[Ginamarie]

Totally! But I never agree to pay that. I always put it on the seller. No other brokers charge it, so I just let the agent know that IMO it’s the seller’s responsibility to pay since they chose to sell with Fidelity.

I also ask the seller to pay the admin fee.


It’s hard to be done with Fidelity because they post good deals!! I just saw fully loaded subsidized dues at Aulani for $125/point. My use year.

I am tempted.

 

[RamblinWreck]

I also ask the seller to pay the admin fee.


It’s hard to be done with Fidelity because they post good deals!! I just saw fully loaded subsidized dues at Aulani for $125/point. My use year.

I am tempted.

A few weeks later....

"Both parties agree to this being a fully stripped Vero Beach contract"

 

[NVDISFamily]

Well DVC family with this the first chapter of our initial journey into DVC madness has a happy ending. I’ll likely be still reading and posting on the ROFR threads for years to come as I love the community and I’ve learned so much from everyone. Thanks again for all of the help!

NVDISFamily---$255-$64494-250-VGC-Jun-0/21, 0/22, 242/23- sent 6/10, passed 7/13

Two 125 point contracts. Same seller and one closing fee.

 

[kalag]

Hi all - newbie question: what do they do with all the ROFR points (at OKW or SSR for example)? Is the answer simply that they sell them again as full price points? And / or if they absorb enough points are they betting they can just rent them out as hotel room inventory?

Is there any precedent for them converting any resorts or part of a resort back to hotel only and taking the DVC points permanently out of circulation (sort of the reverse of the Big Pine Key conversion at VGF)? Can they do that?

I'm asking as I'm trying to understand the economics for potentially making a purchase decision in the coming months, and how this can affect prospects for resale.

 

[RamblinWreck]

Hi all - newbie question: what do they do with all the ROFR points (at OKW or SSR for example)? Is the answer simply that they sell them again as full price points? And / or if they absorb enough points are they betting they can just rent them out as hotel room inventory?

Is there any precedent for them converting any resorts or part of a resort back to hotel only and taking the DVC points permanently out of circulation (sort of the reverse of the Big Pine Key conversion at VGF)? Can they do that?

I'm asking as I'm trying to understand the economics for potentially making a purchase decision in the coming months, and how this can affect prospects for resale.

I think the answer to your question about a conversion from DVC to hotel rooms would be a definite "no", at least until the expiration date for the resort.

The purpose of ROFR appears to be more about making the actively selling resorts look more attractive than resale. But I assume they do all of the above with the points while they hold on to them. Rent rooms as cash rooms, resell points direct when they can. But otherwise just hold on to them.

 

[pianomanzano]

A few weeks later....

"Both parties agree to this being a fully stripped Vero Beach contract"

You forgot to add “with buyer reimbursing for dues paid from 2017 to the present” lol

 

[Jacie]

Well DVC family with this the first chapter of our initial journey into DVC madness has a happy ending. I’ll likely be still reading and posting on the ROFR threads for years to come as I love the community and I’ve learned so much from everyone. Thanks again for all of the help!

NVDISFamily---$255-$64494-250-VGC-Jun-0/21, 0/22, 242/23- sent 6/10, passed 7/13

Two 125 point contracts. Same seller and one closing fee.

Congrats! This makes me feel so hopeful about our pending VGC contract that was sent at the end of June.

 

[erinkristen04]

Finally!!! The ants are gone (for now)!!

erinkristen04---$164-$16001-90-PVB-Mar-0/21, 124/22, 90/23-international seller- sent 6/10, passed 7/13

 

[MISCdisney21]

Glad to see ROFR office is open again!!

 

[Jimmy Geppetto]

I had a good experience with them with my last contract that ended up being bought back by Disney. So, I decided to use them again for my latest contract and I thought everything was all set with all papers signed by myself and the sellers, as well as my payment sent to the title company. I didn't receive an email that the contract had been sent to ROFR but figured they forgot to send me the email. Turns out that they hadn't sent it to ROFR. They sent me the wrong title company's credit card authorization form. So they never had my payment on file as it was paid to the wrong title company. They notified me 10 days later that there was a mix up and sent me the correct form and they would reverse the other payment.

I get things happen and there are mishaps but I was more annoyed that it took them 10 days to review why payment wasn't received after all forms filled out and me saying payment was sent as my card was charged.

I also ask the seller to pay the admin fee.


It’s hard to be done with Fidelity because they post good deals!! I just saw fully loaded subsidized dues at Aulani for $125/point. My use year.

I am tempted.

Great deal… until they send you closing docs and the dues aren’t subsidized.

:S

 

[hogwartsdropout]

hogwartsdropout---$160-$41069-250-CCV@WL-Jun-0/21, 0/22, 250/23- sent 6/8, taken 7/12

Sadly got ROFRed yesterday. I see people talking about buying from an international seller. How do I see if the seller is international?

 

[Keppyslinger]

hogwartsdropout---$160-$41069-250-CCV@WL-Jun-0/21, 0/22, 250/23- sent 6/8, taken 7/12

Sadly got ROFRed yesterday. I see people talking about buying from an international seller. How do I see if the seller is international?

From the crowd with more knowledge, is there something in this deal that made it especially attractive to buy back, or is it truly unpredictable?

 

[AKVDisneyFan]

hogwartsdropout---$160-$41069-250-CCV@WL-Jun-0/21, 0/22, 250/23- sent 6/8, taken 7/12

Sadly got ROFRed yesterday. I see people talking about buying from an international seller. How do I see if the seller is international?

Most brokers will tell you somewhere. It’s usually listed at the bottom or to the right of the listing after you click on the listing. You can also email the broker and let them know that you’re looking for an international seller.

 

[geargrinder]

From the crowd with more knowledge, is there something in this deal that made it especially attractive to buy back, or is it truly unpredictable?

Looking at last month's ROFR report and Average Sales Price report both were at $167 per point for CCV. Looks like it was just a low price that the Drunken Monkey's could not resist.

 

[AKVDisneyFan]

Since we’ve been talking about Fidelity, does the listed contract price include the dues for that year? I’ve noticed that they don’t mention paying dues at closing on their listings and wasn’t sure if the total on the listing factored in the dues or not. I tried contacting Fidelity a few months ago to ask the question but they didn’t call me back.