ROFR Thread Oct to Dec 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Frederic Civish]

Frederic, I’m a novice at this but I like the deal. I think the 300 points from 2018 are worth around $4,200 if you rented them. That would lower your price to $96 pp. I’d think $110 would likely pass but I’m not sure how those extra points effect things. Good luck to you!

I think it is a good price, with seller paying MF’s. The December use year seems to be a DVC favorite to buy back. Checking a ROFR blog by one resale company DVC bought back 2 contracts last month for AKV from them. They sold for $108 and $110 pp. buybacks are down which is good for you. Hope it passes. I would not have offered less. AKV is a beautiful resort. We loved waking up and seeing all the animals right outside the window.

I think you'll be ok. When waiting for ROFR it's easy to second guess and wonder. When I was looking to add on to one of my contracts, it seemed like there were tons of new contracts listing for every month EXCEPT the one I wanted. And then, when I finally had an offer accepted on what seemed like the perfect contract in the UY I wanted, and I was waiting in ROFR, I saw "better" contracts (same UY, a few more points that would have been helpful, for less $pp) get listed that I couldn't bid on because I was waiting on mine. It is classic ROFR stress.

@Frederic Civish I think that's a good contract. The worrisome thing is all those points coming on in December - and possibly big holiday crowds at WDW (unknowingly) wanting to buy direct! I'll be biting my nails with you.

I thought you were keen on Riviera @Frederic Civish?

Most of the AKV listings at the moment are at least partially stripped. Full 2018 points with Seller paying MF is nice. Good luck, hope you get a speedy waiver

Actually, I am keen on Riviera. I want Riviera, assuming the price comes in at a decent level. I’m saving and putting aside money for it and am up to about $14,000, so far. If Riviera ends up costing too much, I will be back here buying something else.

The truth is this is actually a contract from one of my family members. They were getting a little stressed and wondering if they had made the right choices. I thank everyone for their comments, I think it is helping them.

I also think it is a pretty good deal and I told them that if they really pushed for a lower price, they were likely to lose it. I explained that going lower might be okay, if they are willing to lose most bids to ROFR, and then make a new bid every month until they slip one through. But they really aren’t prepared to go through that.

 

[skstorm]

skstorm---$103-$16000-150-SSR-Mar-0/17, 0/18, 256/19, 150/20-seller pays MF 2018- sent 11/8

Here we go with attempt number 2 - lets hope they don't take this one

 

[Crazy4Disney06]

crazy4disney06---$85-$4865-50-OKW-Aug-0/17, 0/18, 3/19, 50/20 -main. fee paid 2019- sent 10/16

Well as expected this contract was taken today. I'm not upset, I kinda knew it was too good to pass. Going to give buying another contract a rest and revisit it down the road.

 

[thepak92]

Thepak92---$106-$12500-100-AKV-Jun-0/17, 0/18, 100/19, 100/20- sent 10/18 and unfortunately taken 11/8

 

[kboo]

Thepak92---$106-$12500-100-AKV-Jun-0/17, 0/18, 100/19, 100/20- sent 10/18 and unfortunately taken 11/8

Bummer. I really thought that would sail through.

@Frederic Civish , this makes me worry about your family member's AKV contract... I hope I am wrong!

 

[Sleepy425]

sleepy425---$123-$6883-50-AKV-Jun-0/17, 0/18, 31/19, 50/20- sent 11/8

 

[Bbguy5]

crazy4disney06---$85-$4865-50-OKW-Aug-0/17, 0/18, 3/19, 50/20 -main. fee paid 2019- sent 10/16

Well as expected this contract was taken today. I'm not upset, I kinda knew it was too good to pass. Going to give buying another contract a rest and revisit it down the road.

Not surprised. It's way below market value and Disney will make easy money off of taking it (almost $70pp!). They've been buying back OKW to try and get it to 2057. You'll need something closer to, or above $100 point for Disney to pass on it.

 

[Frederic Civish]

. . . . They've been buying back OKW to try and get it to 2057 . . . .

Actually, ALL of OKW is ALREADY at 2057.

The way the extension was structured, they extended the deed for EVERYONE to 2057. Then they called for a special cash charge, to cover the extension. With the stipulation that anyone who didn’t pay the cash call would forfeit their rights to the extension and give up their deed after 2042, the original expiration date. Those deeds revert to Disney, in 2042, because the people did not pay their special fee, but the “contract” remains in effect.

So, technically, no one ”Purchased” the 15 year extension. They just paid their fee, so they get to keep it for the whole length of the contract. The reason this is important is because it has profound implications for what Disney can do with OKW, and how they can do it.

 

[disneybass]

Not surprised. It's way below market value and Disney will make easy money off of taking it (almost $70pp!). They've been buying back OKW to try and get it to 2057. You'll need something closer to, or above $100 point for Disney to pass on it.

there is a fine line to purchase OKW resale.

I lost this one on 10/10 Disneybass---$95-$9500-100 OKW-June-100/18-100/19-100/20 Seller pays 2018 MF- sent 9/10

But, I was able to buy this one on 11/2 disneybass---$96-$12016-110-OKW-Oct-0/17, 110/18, 110/19, 110/20- sent 10/10

 

[Jerry5788]

there is a fine line to purchase OKW resale.

I lost this one on 10/10 Disneybass---$95-$9500-100 OKW-June-100/18-100/19-100/20 Seller pays 2018 MF- sent 9/10

But, I was able to buy this one on 11/2 disneybass---$96-$12016-110-OKW-Oct-0/17, 110/18, 110/19, 110/20- sent 10/10

That is a 15% difference though - total cost of $109 vs $95

 

[Frederic Civish]

there is a fine line to purchase OKW resale.

I lost this one on 10/10 Disneybass---$95-$9500-100 OKW-June-100/18-100/19-100/20 Seller pays 2018 MF- sent 9/10

But, I was able to buy this one on 11/2 disneybass---$96-$12016-110-OKW-Oct-0/17, 110/18, 110/19, 110/20- sent 10/10

That is a 15% difference though - total cost of $109 vs $95

Yes. In the first one, they also must have paid the closing costs, but in the second one it looks like you paid closing costs and Membership Fees, so you actually paid over $15 more per point.

 

[thepak92]

UPDATE: CANCELLED.....gheesh, took too long to get agent to move on this one... frustrating but Round 2, here we go...Thepak92---$110-$20063-160-AKV-Jun- 320/18, 160/19, 160/20- sent 11/14
No whammies... come on ROFR... LOL oh, and reimbursement for 2018 MF's.. not sure how that works, I guess it'll just come to closing and go directly to 2019 MF??? anyone ever do that part before?

 

[ScubaCat]

Round 2, here we go...Thepak92---$110-$17600-160-AKV-Jun- 320/18, 160/19, 160/20- sent 11/9
No whammies... come on ROFR... LOL oh, and reimbursement for 2018 MF's.. not sure how that works, I guess it'll just come to closing and go directly to 2019 MF??? anyone ever do that part before?

2018 MF were paid last year, so that just means it won't be on your closing statement. Nice deal if you get it through! (although please do add in closing costs to the total when you know them.)

 

[p&mg]

closing docs sent back, they said after they receive all docs closing in 48hrs not sure how true this is originally they told me 1/15/19

 

[DaveNan]

closing docs sent back, they said after they receive all docs closing in 48hrs not sure how true this is originally they told me 1/15/19

That's usually a good thing! Unless you have some financial transfers to manage. You may now be subject to the seller's timing. Based on their situation this can take weeks.

 

[p&mg]

That's usually a good thing! Unless you have some financial transfers to manage. You may now be subject to the seller's timing. Based on their situation this can take weeks.

no financial transfers, bank check sent with closing docs. hoping we can close in 2018

 

[DaveNan]

no financial transfers, bank check sent with closing docs. hoping we can close in 2018

good luck!!!!

 

[Disneykate605]

Disneykate605---$116-$24739-200-BWV-Apr-0/17, 0/18, 155/19, 200/20- sent 11/10

So excited!! This is our 1st resale contract! Can't wait to add Boardwalk to our list of home resorts!
I hope ROFR goes fast AND it passes!
(It should pass...don't you think?)

 

[pangyal]

Updated!

 

[Sleepy425]

sleepy425---$123-$6883-50-AKV-Jun-0/17, 0/18, 31/19, 50/20- sent 11/8

So I happened to be bored and grabbed the contract that we had signed and scanned back to the broker. The points counts were wrong in it. We just got the new ones and signed them. Looks like we start ROFR again Monday . Thankfully it was only sent 2 days ago so it isn’t prolonging this by much at all. But it’s still frustrating that the company managed to not delete the info from whatever last contract they were working on in TWO different spots.