ROFR Thread Oct to Dec 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[perchy]

It would be interesting to know but I bet the % here is lower than 5%. And I think the only company who even posts ROFR stats is the board sponsor. I don’t see other companies doing it. So even that is a small sample of what happens each month.

I'm not certain of the process exactly, but in all of my contracts the Title company knew first. I believe the Title company is responsible for sending the contract to ROFR as they are required to ensure it passes before they close.

This makes sense. I’m fairly certain I received my closing docs from Mason before my broker told me my contract passed ROFR.

 

[Jimmy Geppetto]

This makes sense. I’m fairly certain I received my closing docs from Mason before my broker told me my contract passed ROFR.

Ha! That happened to me once too! The docusign email came through and I thought it was an error. Turns out it passed ROFR the day before and Broker had no idea.

 

[perchy]

So let's see.... for AKV specifically...

Between October 1 and now, exactly 20 AKV contracts posted in this thread have gone through the full ROFR process.

11 passed. (2 of these were via international sellers.)
9 were taken.

That's a 55% success rate for DISboarders. (Or a 45% buyback rate.)

For the U.S. contracts that passed ROFR for the period, all were priced at $134 or higher ($134 - $145).
Those that were taken were priced between $127 and $132. (Meaning somebody's gotta test $133. HA!)

Mr. Krieger's numbers edge higher, showing that DVC exercised its ROFR at as high as $138. (Their sample is far greater as well, reporting a 20% buyback rate.)

I enjoy this thread. I know a lot of folks here go for the deal, and this site's sponsor doesn't price that way. But I do believe this thread continues to remain a great resource. Especially if you are trying for a deal. You'll have paid Dereck at least $4 pp more for an AKV than you may have needed to though if you don't do all the research...

 

[perchy]

In case this continues to be interesting.... for CCV:

Between October 1 and now, exactly 12 CCV contracts posted in this thread have gone through the full ROFR process.

3 passed. (1 of these was via an international seller.)
9 were taken.

That's a 25% success rate for DISboarders. (Or a 75% buyback rate.)

For the U.S. contracts that passed ROFR for the period, all were priced at $170 or higher (we're talking two contracts; $170 and $188).
Those that were taken were priced between $140 and $165.

Mr. Krieger's numbers edge higher, showing that DVC exercised its ROFR at as high as $170. (Their sample is far greater as well, reporting a buyback rate of just 13%.)

 

[pianomanzano]

There's a website called http://rofr.net/ that many on TUG refer to. Covers multiple TS systems, not just DVC.

********** is great resource that compiles all the data from all the deed's from the comptroller's website. It's not the most user friendly but once you learn how to navigate the site, it's pretty powerful. The pricing page plots out buy back and waived price per point against total contracts. The listing page compiles all the listings from 10+ brokers allowing you to pick resort, point range and UY, which I find more useful than signing up for e-mails or downloading individual broker apps. I think this is the source for dvc news' monthly reports on buybacks and median price.

 

[jason423]

You can also just search the Florida comptroller website for a rough estimate of how they are going. Since Nov the records for CCV indicate 43 direct sales by disney, 26 resales/private transfers, 12 ROFR. Not sure how much of a delay there is once a contract has the ROFR exercised and it closing, but that should give an idea of how aggressive disney has recently been for CCV.

 

[Chia1974]

You can also just search the Florida comptroller website for a rough estimate of how they are going. Since Nov the records for CCV indicate 43 direct sales by disney, 26 resales/private transfers, 12 ROFR. Not sure how much of a delay there is once a contract has the ROFR exercised and it closing, but that should give an idea of how aggressive disney has recently been for CCV.

Looks like a $10 increase for direct purchase is coming

 

[Disneynewb0001]

I'm definitely way too in my head about all this... our CCV contract for 175 points was sent to ROFR the same day for the same use year at $157/point. If I'm at Disney making decisions I'm definitely taking mine and passing yours. Either way **Congratulations** b/c I don't think I have it in me to go through this cycle for multiple weeks again and like you said you can start planning actual 2022 trips now.

Pure speculation on my part, but since contracts that were sent after mine, including one for the same resort (BCV) albeit different use year and higher price have received a decision already- I am speculating that either a) my lower priced contract came out of the model as requiring human intervention or additional escalation for a decision (what that means, no one knows) and/or b) it is in the final process of being taken which may be a legal review of the contract by Disney to get final OK on taking my contract.

Ultimately, we will see and I will let everyone know once I hear on a decision. Honestly, I am taking a fatalist approach to this. If it is meant to be it will come through at the price at which I was willing to dive in for the resort/use year/point combo that I placed an offer on. If not, c'est la vie and I will reevaluate my decision regarding the cost (including time/resources) and benefit of this process.

As always, I wish everyone luck on their own process through this.

 

[Disneynewb0001]

I'm not certain of the process exactly, but in all of my contracts the Title company knew first. I believe the Title company is responsible for sending the contract to ROFR as they are required to ensure it passes before they close.

I've been reaching out to both the broker and the title company to ask- doesn't hurt.

 

[KPeterso]

I am at 22 days (sent in on 11/15) on my SSR contract. I have seen some around my date pass, but no SSR that I recall seeing. My last 2 contracts (SSR in June and AKV in November) were taken at 2 weeks and 9 days respectively. I kind of feel like since I got past those dates that I might be ok. But maybe not. I have felt like the last week I should be hearing any day. But I also had one a few years ago take 34-35 days, so I know sometimes it does take a little longer.

 

[MickeyMice]

Pure speculation on my part, but since contracts that were sent after mine, including one for the same resort (BCV) albeit different use year and higher price have received a decision already- I am speculating that either a) my lower priced contract came out of the model as requiring human intervention or additional escalation for a decision (what that means, no one knows) and/or b) it is in the final process of being taken which may be a legal review of the contract by Disney to get final OK on taking my contract.

Ultimately, we will see and I will let everyone know once I hear on a decision. Honestly, I am taking a fatalist approach to this. If it is meant to be it will come through at the price at which I was willing to dive in for the resort/use year/point combo that I placed an offer on. If not, c'est la vie and I will reevaluate my decision regarding the cost (including time/resources) and benefit of this process.

As always, I wish everyone luck on their own process through this.

i personally don't understand the BCV ROFR economics at all. from looking at reports and speaking to my broker, i know of several contracts higher than my $152 have been taken recently. but i also know that historically very few BCV contracts have been taken. and i really can't imagine that there are a ton of people waiting to buy 20 years of BCV direct at $245/pt.

 

[DaveNan]

i personally don't understand the BCV ROFR economics at all. from looking at reports and speaking to my broker, i know of several contracts higher than my $152 have been taken recently. but i also know that historically very few BCV contracts have been taken. and i really can't imagine that there are a ton of people waiting to buy 20 years of BCV direct at $245/pt.

Some people love SAB that much...... "Best pool on property" But I agree, the economics of it, do not make sense. If you compare it to other DVC resorts, it doesn't make sense. If you compare it to cash price for BC/YC, and the only place you want to stay is YC/BC/BCV, then it may make sense. There is always renting DVC points, but that isn't always easy and some folks do not like the risk and or uncertainty associated with renting.

 

[sjdrr1313]

This makes sense. I’m fairly certain I received my closing docs from Mason before my broker told me my contract passed ROFR.

I know I am using Mason, but how would I contact them? I have only had communication from my broker

 

[MickeyMice]

Some people love SAB that much...... "Best pool on property" But I agree, the economics of it, do not make sense. If you compare it to other DVC resorts, it doesn't make sense. If you compare it to cash price for BC/YC, and the only place you want to stay is YC/BC/BCV, then it may make sense. There is always renting DVC points, but that isn't always easy and some folks do not like the risk and or uncertainty associated with renting.

i'm one of those people! i just don't see why anyone would sign up to pay that direct premium, really anywhere, but especially there.

 

[Lorana]

Looks like a $10 increase for direct purchase is coming

Across the board? Or just CCV? And when? This is the first I’ve heard!

 

[Kenito]

kenito---$165-$17260-100-BLT-Feb-100/21, 200/22, 100/23 - sent 11/16, passed 12/7

 

[gskywalker]

gskywalker---$160-$41046-240-BLT-Oct-0/20, 480/21, 240/22, 240/23-Selr Pays 20+21 dues- sent 11/15

This is the highest I have ever paid. It actually felt sick and wrong not pushing for the extra $2 or $3 a point that I think I could have further negotiated down but I didn't want to lose this contract for that extra $500 savings. Paid-up for this one mainly because of the 480 points without any dues. Not even my use year but making an exception to all of my normal "rules" for this one. I would hope at $160 we have it, if not I think I will probably give up because Disney is buying everything right now.

gskywalker---$160-$41046-240-BLT-Oct-0/20, 480/21, 240/22, 240/23-Selr Pays 20+21 dues- sent 11/15 Passed 12/07

4th try for BLT was the charm. I was confident but when I saw Disney had bought a BLT at $158 I wasn't going to count my chickens till they hatched. Happy that my wife's addonitis will hopefully be cured forever now. 465 points a year are more than enough. Now to get the 480 points into my account so I can get them rented out before my wife tries to use them.

 

[Disneynewb0001]

i personally don't understand the BCV ROFR economics at all. from looking at reports and speaking to my broker, i know of several contracts higher than my $152 have been taken recently. but i also know that historically very few BCV contracts have been taken. and i really can't imagine that there are a ton of people waiting to buy 20 years of BCV direct at $245/pt.

I agree, it's hard to formulate a rationale case to buy at direct rates for a 2042 property. Some might even argue the same at current resale rates, but to each their own when it comes to decisioning these things. Some would say I don't need an 80" TV when a 65" TV would do.

Perhaps some may find it worthwhile to pay the premium to add on a small contract at a 2042 property direct if they plan to split their stays and don't want the hassle of resale. Or they are a few points away from hitting the level they need for blue card and are looking at a 2042 resort anyway, and they place value on getting the blue card.

 

[WxKristin]

WxKristin---$157-$28370-175-CCV@WL-Jun-0/20, 155/21, 330/22, 175/23- sent 11/15, taken 12/7

Disappointed, but not surprised.

 

[princesscinderella]

gskywalker---$160-$41046-240-BLT-Oct-0/20, 480/21, 240/22, 240/23-Selr Pays 20+21 dues- sent 11/15 Passed 12/07

4th try for BLT was the charm. I was confident but when I saw Disney had bought a BLT at $158 I wasn't going to count my chickens till they hatched. Happy that my wife addonitis will hopefully be cured forever now. 465 points a year are more than enough. Now to get the 480 points into my account so I can get them rented out before my wife tries to use them.

So happy you finally got a BLT contract! That’s what I ended up paying after my 5th try passed earlier this year so after the ROFR frenzy there the price has stabilized.