ROFR Thread Oct to Dec 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[jbreen2010]

I have to imagine we're going to go into a period where it's going to take a lot longer for responses on ROFR from Disney due to the staff reductions.

True but a vicious cycle. I will hopefully be a new DVC owner and can't book my trip until I have some points.

I absolutely have sympathy for them as to what's going on with layoffs.
We submitted our ROFR though to DVC on August 11th so part of me is also just fed up with the wait.

 

[Brianstl]

I also think Disney does have a stake in resale prices not getting too low. If resale prices were half of what they are now, don’t you think that would hurt direct sales?

No, my guess is that over 95% of direct buyers have no idea a resale market exits.

 

[striker1064]

I’m not saying that Disney uses ROFR to maintain a price floor. I’m saying that the ROFR process helps establish a price floor, even if it’s not their motivation.

I do agree with this. ROFR props up their price. I just think it's a by-product of ROFR and not the reason it's done.

I also think Disney does have a stake in resale prices not getting too low. If resale prices were half of what they are now, don’t you think that would hurt direct sales?

PVB resale has been floating around actually half of the direct price for almost a year and people still buy that direct. It doesn't matter as much as you might think.

 

[Sandisw]

I also think Disney does have a stake in resale prices not getting too low. If resale prices were half of what they are now, don’t you think that would hurt direct sales?

Well, I bought BWV around 2012 and paying $53 and $55/point for them, I got SSR at $73 and $75 In 2017.

So, there was a time that they were letting things pass for a low cost for sure, I believe my BWV prices were more than 50% less than direct.

 

[Winston Wolf]

True but a vicious cycle. I will hopefully be a new DVC owner and can't book my trip until I have some points.

I absolutely have sympathy for them as to what's going on with layoffs.
We submitted our ROFR though to DVC on August 11th so part of me is also just fed up with the wait.

You've been waiting almost two months?!

 

[jbreen2010]

You've been waiting almost two months?!

Yeah it's kind of incredible. We submitted to ROFR on 8/11 and on 9/10 DVC reached out to broker and asked them to "resubmit". I'm not sure what the resubmit was, but broker told me nothing changed and that we just have to play nice and resubmit. They were unsure if that meant it would take a few extra days...an extra week...an extra 30 days.....and now with layoffs i'm wondering if anyone's ever going to look at the contract. What a headache....really wish i had put an offer in over the summer where DVC just took nothing back at ROFR and processed them all.

 

[lovethesun12]

I've said before I think ROFR is probably a lot less complicated than it seems. Professional contract flipping based on supply and demand.

 

[The Jackal]

Well, I bought BWV around 2012 and paying $53 and $55/point for them, I got SSR at $73 and $75 In 2017.

So, there was a time that they were letting things pass for a low cost for sure, I believe my BWV prices were more than 50% less than direct.

Yes, but direct prices were lower back then also. If I remember correctly in 2017 direct was going in the $150’s. Today it $186. So about $30 more. So ad $30 to your SSR contracts put them around where they are today. When I bought SSR in 2017 we payed $85 pp. DVC was taking a bunch of contracts at the time at and below our price. I remember my DW freaking out one contract just like ours getting taken while we were in ROFR.

 

[Sandisw]

Yes, but direct prices were lower back then also. If I remember correctly in 2017 direct was going in the $150’s. Today it $186. So about $30 more. So ad $30 to your SSR contracts put them around where they are today. When I bought SSR in 2017 we payed $85 pp. DVC was taking a bunch of contracts at the time at and below our price. I remember my DW freaking out one contract just like ours getting taken while we were in ROFR.

SSR is only $165 today not $186.

I was just pointing out that Disney doesn’t ROFR to keep market up. At that time they were selling BLT and AKV so taking BWV wasn’t needed and the price dropped into the 50s. They have allowed resale to sell for a discount for 50% or more from direct.

If they can sell points direct, they will use it..if not, it won’t matter. If it was about market, they would not have let get through what they did during the shut down as they still were reviewing just not selling.

 

[Iahmom]

Regarding AK, keep in mind they also haven't bought back any (at least through DVCRM) since March. And the last time they bought one back at $105 was January.

Good info thank you! I’m the $105pp on a stripped contract for AK. I am having mixed feelings on what they will do. I will keep the thread advised when the decision has been made. Since the contract is stripped I’m not in a hurry.

 

[Winston Wolf]

Good info thank you! I’m the $105pp on a stripped contract for AK. I am having mixed feelings on what they will do. I will keep the thread advised when the decision has been made. Since the contract is stripped I’m not in a hurry.

I’m 102 on a mostly stripped AK, but crossing my fingers as it’s an international seller.

 

[E2ME2]

I’m 102 on a mostly stripped AK, but crossing my fingers as it’s an international seller.

Did you know it was an international seller before you made your offer?
If not, how/when did you find out?

 

[Winston Wolf]

Did you know it was an international seller before you made your offer?
If not, how/when did you find out?

Yes, it was disclosed in the listing

 

[E2ME2]

Yes, it was disclosed in the listing

I would love to see an International Seller list a small BCV Contract (50-75 Points) with a June Use Year!

 

[lea2124]

Well we're now on day 34 of our second resale contract. Our first was taken back by dvc back in early Sept. If this one gets taken I'm not sure I can handle another wait!! Fingers crossed we hear this week. Keeping my fingers crossed for @jbreen2010 too. It's been a hell of a wait for you.

 

[kerrylacherry]

Well we're now on day 34 of our second resale contract. Our first was taken back by dvc back in early Sept. If this one gets taken I'm not sure I can handle another wait!! Fingers crossed we hear this week. Keeping my fingers crossed for @jbreen2010 too. It's been a hell of a wait for you.

I'll add my crossed fingers to yours, I'm on day 38.
Was hoping all those who heard back in the last two weeks in Sept meant mine wouldn't drag out this long, but no such luck.

 

[pangyal]

Updated!

 

[E2ME2]

Thanks! Hoping to hear this week or next. It had better pass, as I've been working extra since June to pay for this and my recent VGC contract. I haven't seen the sun in 4 months. My skin is see through...

Have you heard anything yet on your BCV contract ??

 

[jbreen2010]

Well we're now on day 34 of our second resale contract. Our first was taken back by dvc back in early Sept. If this one gets taken I'm not sure I can handle another wait!! Fingers crossed we hear this week. Keeping my fingers crossed for @jbreen2010 too. It's been a hell of a wait for you.

Thank you - you as well. You were going for SSR as well I think? Our first was taken in August as well. We're living the same dream! haha

I do totally empathize with layoffs and what's going on...but at the end of the day these contracts are like: Name, Points, Use Year, Sale Price....it's not like we're waiting for a home inspection or other contingencies...these should be able to be processed quickly.

 

[TheTrailblazers]

I do totally empathize with layoffs and what's going on...but at the end of the day these contracts are like: Name, Points, Use Year, Sale Price....it's not like we're waiting for a home inspection or other contingencies...these should be able to be processed quickly.

The resale process being protracted & more complicated than buying from Disney direct is a potentially a very large factor for some buyers... not sure it’s in Disney’s interests to make ROFR, getting a membership number and then to have points placed in an account any speedier for the resales.