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

[christophles]

https://www.fidelityrealestate.com/blog/july-2022-average-dvc-resale-price-per-point

 

[pianomanzano]

https://www.fidelityrealestate.com/blog/july-2022-average-dvc-resale-price-per-point

I like that they show averages based on size of contract. Wish the board sponsor would do that for their average price and ROFR report, their results would be a lot more meaningful.

 

[HIRyeDVC]

https://www.fidelityrealestate.com/blog/july-2022-average-dvc-resale-price-per-point

Much lower than the board sponsor’s averages. Fidelity is great place to buy from. Resale market good place to sell?

 

[Sandisw]

Much lower than the board sponsor’s averages. Fidelity is great place to buy from. Resale market good place to sell?

I'd like to also see their ROFR data....lower prices are great but not if buyers don't end up with the contracts!!!

 

[HIRyeDVC]

I'd like to also see their ROFR data....lower prices are great but not if buyers don't end up with the contracts!!!

Good point. Fidelity can care less about ROFR

 

[E2ME2]

Good point. Fidelity can care less about ROFR

This may be anecdotal, but I've added on 3 times through Fidelity, and passed ROFR 3 for 3.

 

[Ginamarie]

Much lower than the board sponsor’s averages. Fidelity is great place to buy from. Resale market good place to sell?

I would agree with this.
I’m 50/50 with ROFR through Fidelity (but also 50/50 with other brokers).
Not all of their contracts are priced as a bargain but some of them are much lower than you will see on the other sites.

 

[HIRyeDVC]

This may be anecdotal, but I've added on 3 times through Fidelity, and passed ROFR 3 for 3.

Me too, but it was Aulani so it doesn’t count

 

[HIRyeDVC]

I would agree with this.
I’m 50/50 with ROFR through Fidelity (but also 50/50 with other brokers).
Not all of their contracts are priced as a bargain but some of them are much lower than you will see on the other sites.

Agree! Maybe Fidelity is great for the more experienced buyer and resale market better for the first time buyer?

 

[limace]

Tbh I’m not sure any of the brokers really care about ROFR-heck, if a contract gets taken maybe they sell you another one. Paid either way.

 

[BeachClub2014]

Never really noticed that one broker consistently prices contracts either higher or lower than others. I don't doubt it's true, just never paid much attention to the list price. When we've made offers it was always based on the relative prices we see here on the ROFR forum and the average sales prices from other sources. I think that gives you more of a sense of the market than does an asking price.

ETA: I went back and looked at our BCV contract that we managed to get through ROFR and that was a fidelity contract. Before that, we were ROFR'd on three other contracts from other brokers.

 

[Flynn's Gal]

https://www.fidelityrealestate.com/blog/july-2022-average-dvc-resale-price-per-point

Good data to peruse. Thanks!

I agree with wanting to see the data on ROFR. I was going to comment to request one, but you had to log in to comment. I don't have an account with them and didn't want to register. If someone can comment, please ask. Maybe they'll start doing them. The same goes with DVC Resale Market (sponsor) for an average sale report. If someone asks, maybe they'll add. I don't have an account there either.

 

[Joel22]

Does Disney have until the closing date to make a decision on ROFR? I've seen some people waiting 42 days which is ridiculous. There's no need for them to be allowed more than 30 days. That's ample time. It seems as they they just leave it as long as possible to make it a horrible experience. These are still people effectivley laying $20k+ for a a Disney product

 

[MICKIMINI]

This may be anecdotal, but I've added on 3 times through Fidelity, and passed ROFR 3 for 3.

I've passed on all contracts bought through them which is at least 5 maybe 6. There were several that I thought would be taken in ROFR.

 

[Sandisw]

Does Disney have until the closing date to make a decision on ROFR? I've seen some people waiting 42 days which is ridiculous. There's no need for them to be allowed more than 30 days. That's ample time. It seems as they they just leave it as long as possible to make it a horrible experience. These are still people effectivley laying $20k+ for a a Disney product

The POS says that they need to be given at least 30 days So, they can can take between the 30 days and closing.

No title company will proceed with preparing and sending closing documents until that is received. They won’t request estoppel until that is received either..which seems to now come at the same time.

If the info is true that there really is now only one person doing ROFR, then it certainly seems plausible as a reason it’s taking longer.

 

[Joel22]

The POS says that they need to be given at least 30 days So, they can can take between the 30 days and closing.

No title company will proceed with preparing and sending closing documents until that is received. They won’t request estoppel until that is received either..which seems to now come at the same time.

If the info is true that there really is now only one person doing ROFR, then it certainly seems plausible as a reason it’s taking longer.

I think there needs to be more stringent time lines emposed on Disney. They obviously want to make resale painful for buyers to try to make them buy direct. Waiting 41+ days is getting absurd. What's to stop them moving towards waiting 60?

 

[Flash_Sloth]

...If the info is true that there really is now only one person doing ROFR, then it certainly seems plausible as a reason it’s taking longer.

If it is only one person making ROFR decisions, why did I have to wait 40 days to hear my ROFR news while at the same time other people heard theirs around 25-30 days? Were they screwing with me? Processing requests in random order? Deliberately trying to slow down the decisions about certain resorts?

Whatever the reason, I'm leaving them in suspense for what my next move is going to be.

 

[Ginamarie]

I think there needs to be more stringent time lines emposed on Disney. They obviously want to make resale painful for buyers to try to make them buy direct. Waiting 41+ days is getting absurd. What's to stop them moving towards waiting 60?

I don’t think it’s that outrageous. Honestly, if the turnaround time was normally 20 days, people would be chomping at the bit at day 19 and pissed off it’s taking too long at day 21.

I am guessing that some properties take more verification than others (just like with a regular real estate deal). If a trust is selling, they need to make sure the person signing contracts is properly authorized by the trust, the same for estates. They need to see if the dues are up to date or what’s still owed to be paid at closing. If there’s a divorce, they may need to see a decree or stipulation of settlement. If you follow this thread long enough, you’ll see people saying “oh Disney came back and said something was wrong/missing on the paperwork.” That’s because someone actually is reviewing these things with a fine tooth comb.
As with a regular real estate deal, answers don’t always come in order. I can have people sign contracts on the same day and close weeks apart. That’s the way it works.
And I will say this- in the post Covid world we work in today, things are moving slower in the real estate world. Tax searches take longer, bank payoffs take longer, everyone complains they’re understaffed and need more time. So while part of the slowness is probably on DVC, I think there are outside factors in contention here too.

 

[Joel22]

If it is only one person making ROFR decisions, why did I have to wait 40 days to hear my ROFR news while at the same time other people heard theirs around 25-30 days? Were they screwing with me? Processing requests in random order? Deliberately trying to slow down the decisions about certain resorts?

Whatever the reason, I'm leaving them in suspense for what my next move is going to be.

This is my point. A few people have already heard (3/4 days ago) and they sent for the same resort, same day as me. It does seem like they deliberatley make it unpleasant which I don't agree with when you're spending $25k plus on essentially one of their products. There should be a cap of 35 days or something imposed and then it automatically passes if they haven't responded

 

[MICKIMINI]

This is my point. A few people have already heard (3/4 days ago) and they sent for the same resort, same day as me. It does seem like they deliberatley make it unpleasant which I don't agree with when you're spending $25k plus on essentially one of their products. There should be a cap of 35 days or something imposed and then it automatically passes if they haven't responded

DVC makes the rules. I waited 57 days for ROFR pre-covid. I also waited a week after closing date for DVC ROFR to close on a contract I was selling (just a few months ago).

There is nothing you can do to prod them along unfortunately. Your alternative is to pay for direct. It gets easier on your 19th or 20th resale - trust me LOL!