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

[Ruttangel]

Ruttangel---$115-$4450-35-OKW-Feb-0/19, 0/20, 35/21, 35/22- sent 9/8, passed 10/27

I knew this would pass but didn’t think it would take this long.
I’m really hoping my BWV passes soon to complete my DVC spending spree.

GL everyone!

Just wanted to pass on information that my title company said to expect closing documents in 2 weeks from passing ROFR as that is how long the estoppel from DVC is taking

 

[EM Lawrence]

I tried pushing it along. Was denied.

Do you mean that you tried getting the original sales contract to list a 60 day closing and you were denied? Or that you were already in a contract with the ability for closing to be delayed? Because I think the time to try for this is at the point of entering into the original sales contract. Early in the pandemic, I can understand why brokers were setting long closings, but I don’t think there is any reasonable excuse for it now. DVC can hire more people. They don’t have a legal right to drag out ROFR as long as they feel like it.

I think many of these brokers are chummy with the people who work at DVC because many of them used to work there. I totally understand that human dynamic, but its not my personal concern.

This is a business transaction. There are rules that apply to everyone involved in buying and selling a timeshare. As a potential buyer who now understands what the rules are (I did not the with my first contract) I would make this part of the initial conversation with the broker. If they are not receptive, I would walk away.

BUT, if it was a deal I just had to have, I would probably be at their mercy like everyone else. YMMV

 

[CLE2WDW]

Is it just me or has this thread slowed down significantly when it comes to new offers being presented for ROFR?

 

[Kmedders]

I’m so excited! We finally heard back. I can’t wait to tell my kids. I begged my husband to go to Disney five years ago and he agreed begrudgingly (he had never been). He loved it and agreed to go every other year. Fast forward and he has agreed to twice per year. We have two girls, ages seven and nine. I am so happy to be able to share many more trips in the future with them! This year has been tough on everybody I know. I’m in healthcare and my husband is a police officer. This has been an incredibly tense and tiring year, so this is some welcome news.

Kmedders---$115-$19600-160-AKV-Sep-0/19, 160/20, 160/21, 160/22- sent 9/14, passed 10/28

 

[Jaydee51]

Ahward---$160-$8828-50-VGF-Mar-0/19, 0/20, 100/21, 50/22- sent 9/13, Passed 10/28

Congrats!!!

 

[Jaydee51]

I’m so excited! We finally heard back. I can’t wait to tell my kids. I begged my husband to go to Disney five years ago and he agreed begrudgingly (he had never been). He loved it and agreed to go every other year. Fast forward and he has agreed to twice per year. We have two girls, ages seven and nine. I am so happy to be able to share many more trips in the future with them! This year has been tough on everybody I know. I’m in healthcare and my husband is a police officer. This has been an incredibly tense and tiring year, so this is some welcome news.

Kmedders---$115-$19600-160-AKV-Sep-0/19, 160/20, 160/21, 160/22- sent 9/14, passed 10/28

this is wonderful Congrats and well deserved!

 

[GuitarCarl]

Well, the reason is to avoid the risk, of course!

If you’re buying a small contract specifically with an upcoming trip in mind, then maybe, but we’re in no rush and we’re in the UK so won’t even be able to come over anytime soon. The only real downside for us is that the title company are sat on our deposit monies, but we don’t mind that. The flip side is that we’re looking purchasing a total of 6-700 points, so every $ less per point we pay starts to become meaningful savings pretty quickly.

 

[Kmedders]

this is wonderful Congrats and well deserved!

Thank you!!

 

[EM Lawrence]

Is it just me or has this thread slowed down significantly when it comes to new offers being presented for ROFR?

This is my perception as well.

 

[CLE2WDW]

This is my perception as well.

Ok I’m not alone. I get all the daily emails from the 3rd party DVC sellers and the inventory seems quite flush right now. We might be embarking on a potentially historic buyers market.

 

[EM Lawrence]

The layoffs announced yesterday have chilled me. I was not really worried about the future of the parks, but now I am. I don’t think the parks will go away, but right now it seems like a very real possibility that the experience will change dramatically.

 

[rsn8or]

They are delaying sending passes on purpose. Pretty clear to me now at least.

Sure seems that way, I am on day 40 on a polynesian contract, a resort which they haven't taken back in years. Others have, of course, been waiting even longer!

 

[purrenh1]

This is my perception as well.

I think so, too. And I wonder if, beyond these boards, other buyers are also frustrated with the ROFR timeline (and the rest of the delayed buying process during DVD's layoffs)? And that frustration is driving a lack of posting/online sharing if not slowing down actual buying?

 

[Winston Wolf]

The layoffs announced yesterday have chilled me. I was not really worried about the future of the parks, but now I am. I don’t think the parks will go away, but right now it seems like a very real possibility that the experience will change dramatically.

Maybe I’m being an optimist but I think a lot of it will come back eventually. 1-2 years.

 

[we"reofftoneverland]

The layoffs announced yesterday have chilled me. I was not really worried about the future of the parks, but now I am. I don’t think the parks will go away, but right now it seems like a very real possibility that the experience will change dramatically.

Were there more Disney layoffs yesterday?

 

[CP3uhoh]

Maybe I’m being an optimist but I think a lot of it will come back eventually. 1-2 years.

It's all coming back by mid 2022, the problem is these 28,000 employees aren't all selling dole whips. Talented engage people aren't growing on trees. Most of those people have kept their jobs during this. To retrain some of these jobs is going to be fairly difficult. On the plus side, the Disney brand will always attract performers for these shows and the turnover is probably higher than we imagine as people go on to bigger things or a different career. I think the level of service will probably suffer and the longer people that go without some of this stuff, the easier it will be for them to remove it indefinitely.

 

[Friendinme]

I’m so excited! We finally heard back. I can’t wait to tell my kids. I begged my husband to go to Disney five years ago and he agreed begrudgingly (he had never been). He loved it and agreed to go every other year. Fast forward and he has agreed to twice per year. We have two girls, ages seven and nine. I am so happy to be able to share many more trips in the future with them! This year has been tough on everybody I know. I’m in healthcare and my husband is a police officer. This has been an incredibly tense and tiring year, so this is some welcome news.

Kmedders---$115-$19600-160-AKV-Sep-0/19, 160/20, 160/21, 160/22- sent 9/14, passed 10/28

Congratulations! Thank you both for your service! We are waiting for our approval at AKL too!

 

[Paul Stupin]

If you’re buying a small contract specifically with an upcoming trip in mind, then maybe, but we’re in no rush and we’re in the UK so won’t even be able to come over anytime soon. The only real downside for us is that the title company are sat on our deposit monies, but we don’t mind that. The flip side is that we’re looking purchasing a total of 6-700 points, so every $ less per point we pay starts to become meaningful savings pretty quickly.

It’s certainly a valid strategy if you’re no rush and have the required patience. But with Disney having taken so many of your contracts, the buying process for you could potentially stretch on for months and months. That said, good luck!

 

[Paul Stupin]

Maybe I’m being an optimist but I think a lot of it will come back eventually. 1-2 years.

I agree as well. I think there’s a ton of pent up demand to go to the parks, and when things start to turn around, as they inevitably will, business will pick up significantly.

 

[CP3uhoh]

Ok I’m not alone. I get all the daily emails from the 3rd party DVC sellers and the inventory seems quite flush right now. We might be embarking on a potentially historic buyers market.

Looks like a 25 point BWV just got an offer listed at $185/pt.....that does seem insane given the direct price is $200 so I have to believe the actual price at least starts with a 17