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

[Drewski77]

Seems like the 100-150 point contracts for SSR are a hot target for buybacks right now.

Might be as our 200 point contract at $125 just passed, but more expensive contracts with 100-150 points are being taken.

 

[Jimmy Geppetto]

Jimmy Geppetto---$164-$26950-160-VGF-Aug-0/20, 0/21, 80/22, 160/23- sent 10/13, passed 11/5

 

[PaintsWithAllTheColors]

Jimmy Geppetto---$164-$26950-160-VGF-Aug-0/20, 0/21, 80/22, 160/23- sent 10/13, passed 11/5

WOW! What a great find - congratulations!!

 

[Sandisw]

Question: what happens to the ROFR process if a buyer backs out within the 10 day period? I’m assuming the process still continues and the contract can still be “taken” so seller would still be getting the sale? And if they decide to “pass” the contract would get re-listed on the resale site? Also, if rescinding during the 10 days, is it best to email, call and mail the letter? Contract states to send by mail.

Once there is no buyer, the process stops. Disney isn’t going to decide anything because there is no longer a sale.

 

[JKitch]

JKitch---$139-$30230-200-AKV-Sep-0/20, 400/21, 200/22, 200/23- sent 11/5

 

[Scimmage McDuck]

Some points expired/need banking?

'20 are banked with an Aug 2022 expiration. '21 are coming of age in Aug of '22. If it goes through, will be able to burn both '20 & '21 before August of '22

 

[kandlsutton]

Why are they taking these? Brokers don't get it either...

@$140 pp is $85 per point below direct (38% less)
CCV doesn’t have resale restrictions like RIV
CCV has 2068 expiration, 2nd only to RIV for contract length
I would expect demand for CCV direct is still quite high and a lot of folks are deciding between CCV and RIV, just like we did. Resale restrictions were a consideration, but decided on RIV for the better incentives and passing on to our adult kids.

 

[MICKIMINI]

@$140 pp is $85 per point below direct (38% less)
CCV doesn’t have resale restrictions like RIV
CCV has 2068 expiration, 2nd only to RIV for contract length
I would expect demand for CCV direct is still quite high and a lot of folks are deciding between CCV and RIV, just like we did. Resale restrictions were a consideration, but decided on RIV for the better incentives and passing on to our adult kids.

Hclegg---$165-$17909-100-CCV@WL-Dec-0/20, 100/21, 100/22, 100/23- sent 10/14, taken 10/31

This is the contract I was referring to...much smaller margin for DVC at $165 ROFR'd.

 

[Ruttangel]

'20 are banked with an Aug 2022 expiration. '21 are coming of age in Aug of '22. If it goes through, will be able to burn both '20 & '21 before August of '22

so, you are saying it's more like this?
Great loaded contract by the way
Scrimmage McDuck---$130-$38090-270-SSR-Aug-0/20, 540/21, 270/22, 270/23-seller pays MF '21- sent 11/2

 

[kandlsutton]

Hclegg---$165-$17909-100-CCV@WL-Dec-0/20, 100/21, 100/22, 100/23- sent 10/14, taken 10/31

This is the contract I was referring to...much smaller margin for DVC at $165 ROFR'd.

I missed that one getting taken, but a lot of CCV have been ROFRd in the $155 and below recently. My stripped 120pt contract with no points until Aug 2022 passed at $163 a couple months back, but that contact above was a better deal.

But I still think there is a lot of demand for CCV, especially for those opposed to the resale restrictions.

 

[rubybutt]

Rubybutt---$133.33-$20000-150-BLT-Feb-0/20, 108/21, 150/22, 150/23-seller pays MF '21- sent 11/4

Seller pays all closing costs. 73 points of the 2021 are in holding. I really don't have much hope in using the 2021 points. I will worry about that if this passes ROFR. I keep setting them up and Disney keeps knocking them down.

 

[DKZB]

Rubybutt---$133.33-$20000-150-BLT-Feb-0/20, 108/21, 150/22, 150/23-seller pays MF '21- sent 11/4

Seller pays all closing costs. 73 points of the 2021 are in holding. I really don't have much hope in using the 2021 points. I will worry about that if this passes ROFR. I keep setting them up and Disney keeps knocking them down.

To me that means you are negotiating well. Eventually one will slip through and you will get a bargain!

 

[HIRyeDVC]

Rubybutt---$133.33-$20000-150-BLT-Feb-0/20, 108/21, 150/22, 150/23-seller pays MF '21- sent 11/4

Seller pays all closing costs. 73 points of the 2021 are in holding. I really don't have much hope in using the 2021 points. I will worry about that if this passes ROFR. I keep setting them up and Disney keeps knocking them down.

Wow. Great price! Amazing to see AKL selling higher than BLT.

 

[perchy]

Can a RIV contract be passed on to your kids and not end up with restrictions like a resale?

When you leave a contract to your kids, do they need to be on the deed at purchase?

I do love RIV…

 

[HIRyeDVC]

Can a RIV contract be passed on to your kids and not end up with restrictions like a resale?

When you leave a contract to your kids, do they need to be on the deed at purchase?

I do love RIV…

You could have them on the deed now or add them in your trust later I believe and they would not be restricted.

 

[Pnyc1969]

DVC Right of First Refusal Report (ROFR): October ’21

DVC Exercises Right of First Refusal (ROFR) Year-to-date (YTD) through October 2021, Disney has exercised their right of first refusal (ROFR) on 437 Disney Vacation Club (DVC) contracts. DVC Resale Market (DVCRM) has sold 3,754, resulting in an 11.6% buyback rate (Contracts Bought Back in 2021/Contracts Sold in 2021).

Yeah, this is a tough time to be buying AKV resale. I wish I had done it a year or so ago. I'm on my second try in a month. 17% buyback at AKV, a percentage point higher than last month's rate. And it's actually an even higher chance that I'll lose it again when you consider that the last few months have seen more take backs than earlier in the year.

 

[DaveNan]

Can a RIV contract be passed on to your kids and not end up with restrictions like a resale?

When you leave a contract to your kids, do they need to be on the deed at purchase?

I do love RIV…

Contracts transferring ownership (adding, deleting or changing any or all owners) at "no" cost, sometimes a nominal value of $10 is put on the deed, do not have to go through ROFR and they maintain their current membership status. You need to submit a form to Disney at the start of the transfer. Of course this could always change, but that is the current Disney practice. You can modify the ownership using a title company, it runs $200 to $500 per contract, or you can actually DIY. It costs about $20 plus $1 for every "owner" above 4 (total owners is number of names on the current title plus the number of names on the new title). All owners must be over 18. There is a thread dedicated to the DIY process. We added our adult daughters to an old 25 point contract which gave us member benefits, and now they (and their households) have member benefits as well.

 

[Adg0428]

Rubybutt---$133.33-$20000-150-BLT-Feb-0/20, 108/21, 150/22, 150/23-seller pays MF '21- sent 11/4

Seller pays all closing costs. 73 points of the 2021 are in holding. I really don't have much hope in using the 2021 points. I will worry about that if this passes ROFR. I keep setting them up and Disney keeps knocking them down.

Wow what a great price

 

[Sandisw]

Can a RIV contract be passed on to your kids and not end up with restrictions like a resale?

When you leave a contract to your kids, do they need to be on the deed at purchase?

I do love RIV…

Based on the rules today, they do allow the current benefits and lack of restrictions to follow with a gratuitous transfer or inheritance.

 

[Jimmy Geppetto]

Rubybutt---$133.33-$20000-150-BLT-Feb-0/20, 108/21, 150/22, 150/23-seller pays MF '21- sent 11/4

Seller pays all closing costs. 73 points of the 2021 are in holding. I really don't have much hope in using the 2021 points. I will worry about that if this passes ROFR. I keep setting them up and Disney keeps knocking them down.

GREAT DEAL!!! Well done.